Flag carrier IranAir signed a contract with French-Italian aircraft manufacturer ATR in Tehran on Monday to buy 20 ATR-72 turboprop short-haul regional airliners. Two to five of the purchased 70-…
Economy
Economy
Stocks extended their January bull run into February with Tehran Stock Exchange's overall index hitting a fresh 13-month high on Monday, as sheer optimism around the lifting of sanctions and the…
Economy
The Agriculture Ministry has banned wheat imports as of the next Iranian year (to start March 20, 2016), citing Iran’s sufficient reserves. The government has bought 8.08 million tons of wheat…
Economy
Iran’s Agriculture Minister Mahmoud Hojjati, who was part of the delegation accompanying President Hassan Rouhani in his Europe tour last week, signed several agreements with his French…
Economy
Rock candy, also called rock sugar, is a type of confectionery composed of relatively large sugar crystals.
This sweet additive is highly in demand in Asia, as it is often dissolved in tea…
Economy
Tehran would never forget the fact that Turkey maintained its ties with Iran when western sanctions were imposed on Iran over its nuclear program, said the head of Tehran Chamber of Commerce,…
Economy
To bolster economic relations between Iran and Ecuador, their respective chambers of commerce need to play a more significant role, said the head of Iran Chamber of Commerce, Industries, Mines and…
Economy
The first passenger ship from Oman’s Sohar Port docked at Shahid Kalantari Port in Chabahar on Monday to mark the official opening of Sohar-Chabahar shipping lane. The capacity of the Omani ship…
Economy
Corporate revenues made from exports will not be taxed as of the new Iranian year (to start March 20, 2016), said the head of Iranian National Tax Administration. Seyyed Kamel Taraji added that…
Economy
On Jan. 24 and 25, executives from Airbus, Lufthansa and Bombardier shared tea and pastries with representatives of the Iranian aviation industry at the Parsian Azadi Hotel, a 26-story tower at…
Economy
Porsche aims to offer hybrid versions of all its models in the foreseeable future, CEO Oliver Blume told a German newspaper.
A plug-in hybrid version of the 911 model with a range in…
Economy
Toyota Motor Corp. will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles and their standard…
Economy
Iran's recent opening after the cessation of international sanctions has got many regional countries interested in what the Islamic Republic has to offer.
Case in point would be Iran's…
Economy
Renault, the French multinational automobile manufacturer, said it plans to intensify operations in Iran. In 2015, two new vehicles were manufactured: Logan Pickup with Iran Khodro and Sandero…
Economy
Head of the Gold and Jewelry Producers and Exporters Union says the recent surge in the local gold market is rooted in global trends, banker.ir reported. As stocks plunged around the world, the…
Economy
Iranian banks will have to adjust to tougher international regulations and may need to offload non-performing loans into a “bad bank” to pick up where they left off when sanctions were imposed…
Economy
A Tehran-based economist has argued that interest rates should be “managed” not imposed on banks by decree.
Economy
Iran and Turkey have resumed banking relations, Alireza Bigdeli, Iran’s ambassador in Ankara said on his Facebook page Sunday.
Referring to his meeting with Erdem Basci, governor of the…
Economy
The Iranian delegation’s visit to Italy and France demonstrated, among other things, an unprecedented level of cooperation between the government and private sector after a long lapse, Majid…
Economy
Thailand’s Deputy Prime Minister Somkid Jatusripitak, leading a high-level trade delegation that includes six ministers, is scheduled to visit Iran on Tuesday for a four-day visit to promote…
Economy
Iran is moving quickly to shake off the effects of a decade of sanctions that have stifled its economy.
With a population of about 80 million and annual gross domestic product estimated at…
Economy
A Pakistani delegation, led by the federal minister of national food security and research, will leave for Iran soon to meet Iranian authorities for removing hurdles in the way of agricultural…
Economy
Some 1.1 million tons of crude steel were exported from March to December 2015, indicating a 47% surge compared with the similar period of last year, Iranian Mines and Mining Industries…
Economy
The Iranian National Tax Administration is moving with the times and adopting new technologies in its plan to overhaul Iran’s taxation system.
The organization is building new databases and…
Economy
By partnering with Airbus, Iran will offer “unparalleled” air transport services, says Iran Air Chairman and CEO Farhad Parvaresh.
Economy
