Economy

Auto makers in Iran made more than 520,000 vehicles including passenger cars, pickups, trucks, minibuses and buses in the first half of the year starting March 21, 2014. The figure shows a 74.3…

Iran and Germany have signed a memorandum of understanding for cooperation in the field of urban development with focus on energy saving. With the completion of Iran-Germany joint research project…

The Central Bank of Iran has announced minor fluctuations in the price of stable food items in the first week of the month of Mehr (September 21-26).

Occupation Cooperative Organization of Academic Graduates (OCOAG) has published a list of different academic field of studies with the most graduates among the unemployed.

Based on the list…

The deputy minister for roads and urban development said four international shipping companies have announced that they will readily send their ships to Shahid Rajaee Port after removal of…

Traders at the Iran Mercantile Exchange (IME) were offered 225,000 tons of different commodities including steel sections, copper, aluminum, polymers, bitumen, and flint corn on Monday.

The Islamic Republic of Iran and the Republic of Ireland have discussed a joint venture to build petrochemical facilities and refineries, said Iranian lawmaker Jalil Jafari, who is also a member…

Stocks at the Tehran Stock Exchange rose on Monday, with the TEDPIX rebounding after posting big losses last week, though stocks are still far from recovering from huge losses recorded in the past…

Mumbai-based pharmaceutical company Cipla has announced that it has signed a new contract with its existing distributor to produce generic drugs in Iran. The Indian firm’s investment of $37…

Liquidity increased to 6,407 trillion rials ($240 billion) in the month of Mordad (ending August 22) from 5,947 trillion rials at the end of last fiscal year (ending March 20), showing a 7.7…

As we continue our series on different free zones around Iran, in this latest installment we will discuss the prospects of Bandar Anzali Trade-Industrial Free Zone located on the northwestern…

The region’s first bulletproof glass factory opened in Iran’s central city of Ardakan, Yazd.

HM Treasury, Britain's economic and finance ministry which maintains control over public spending and set the direction of the country's economic policy, has lifted financial sanctions against…

The Government Trading Corporation of Iran (GTC) has been officially merges with the agriculture ministry, reported Tasnim news agency. The annexation is based on the cabinet’s approval. The GTC…

The Customs Administration has eliminated the export tariff for livestock, reported ISNA. The tariff was formerly 60% of the livestock value, and it last stood at 3.2 million rials ($120) for…

Water quality will be instantly monitored through a comprehensive water quality control system, Kooshyar Azam-Vaghefi, director of water and wastewater supervision department at the National Water…

The High Labor Council is working on a proposal based on which the minimum wage for workers would rise slightly for the second time in a year, a top advisor to Representatives Assembly of Iranian…

Iranian workers have decided to ask the parliament to oblige their employers to deposit wages and benefits into their bank accounts after the Supreme Labor Council and the ministry of cooperatives…

The Tehran Stock Exchange stabilized relatively as the TEDPIX inched out of its downtrend within the past week.

The market’s main indices were mostly in the green as the stock market’s…

Trade of scrap metal will start on October 7 on the Iran Mercantile Exchange, after Iran Railways Company offered 500 tons of scrap metal to the market.

Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output exports in a decade to negate the effect of western sanctions and replace at least a…

The managing director of Lamer Cement Company says it would be a prelude to liberalization of cement prices if the product enters Iran Mercantile Exchange. Ebrahim Gholamzadeh, head of Lamer…

The administration has reacted to the criticisms raised following the Central Bank of Iran’s announcement of 4.6 percent economic growth for the first quarter of the current Iranian calendar year…

With US-Iranian nuclear negotiations reaching their deadline this November, businesses around the world are waiting in nervous anticipation to re-engage with one of the world’s largest economies,…

The government has no plan to reduce banking interest rates in the near future. Ali Tayebnia, the minister of economy, and Valiollah Seif, the governor of the central bank, have rejected the idea…