Economy

The prospective lifting of western sanctions against the Islamic Republic in exchange for curbs on its nuclear program, in addition to Iran's vast potential for industrial investment, have drawn…

Iran Mercantile Exchange’s industrial and mining trading board saw 1,260 tons of alloy ingots and 200 tons of billets supplied by Iran Aluminum Company on Wednesday. Moreover, 8,910 tons of rebars…

Olive production is expected to increase to 100,000 tons in the current Iranian year (started March 21) from last year’s 95,000 tons, said the Agricultural Jihad Ministry’s Olive Project’s…

According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the second quarter of the current Iranian year (June 22-September 22) stood at 10.9%. …

A preferential trade agreement between Iran and India should be high on the agenda of the two countries’ joint commission, the next session of which is due to be held in India on December 20, says…

Majlis Economic Commission has approved the bill on the establishment of Incheh-Borun Free Trade Zone, announced the governor of Golestan Province, Hassan Sadeqlou. Incheh-Borun is located near…

Some 1.3 million tons of sugar are estimated to be produced in the current Iranian year (started March 21), an official with the Ministry of Agricultural Jihad, Ebrahim Hezarjarib, said.

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Gwadar in Pakistani Balochistan and Chabahar in Iranian Baluchestan are located almost at the mouth of the Strait of Hormuz through which pass 35% of the world’s seaborne oil shipments and 20% of…

The quality of auto parts produced by Iran Khodro Company’s Spare Parts and After Sales Services (ISACO) company has improved, said the company’s CEO. Reza Hosseini also said in an interview with…

Media Motors, the company with the official distribution rights of MG vehicles in Iran, has announced it is now taking orders for the small SUV GS vehicle.

The new 2016 edition, according…

Even though terrorism has afflicted neighboring Iraq and hampered sales of vehicles and parts, Iran Khodro Company has managed to produce over 10,000 vehicles in Baghdad over the past 16 months.…

The new round of cooperation between Iran Khodro Diesel, the industrial subsidiary of the largest carmaker Iran Khodro, and German giant car manufacturer Daimler AG will focus on manufacturing new…

Volkswagen Group limited the effect of its emissions scandal in October with its European sales declining by just 0.8 %in a total market where volume rose by 2.7%.

Industry-wide passenger…

A delegation of Turkish steelmakers from more than 20 key firms and headed by the Chairman of Steel Exporters Association of Turkey Namik Ekinci gathered in Tehran on Tuesday to hold B2B meetings…

Tehran Stock Exchange’s benchmark dropped 95.00 points or 0.15% to end Tuesday trade at 63,013.6.

More than 365 million shares valued at about $20.6 million were transacted, indicating…

Memoranda of understanding for investment in 10 major projects of Tehran Province have been signed with foreign investors, says the head of Tehran’s Management and Planning Organization,…

Portugal’s private sector is ready to expand economic ties with Iran Chamber of Commerce, Industries, Mines and Agriculture, said the head of the European country’s chamber of commerce, Paulo…

Iran Mercantile Exchange’s exports trading board witnessed the supply of 76,000 tons of bitumen by Jey Oil Refining Company on Tuesday. Furthermore, 5,000 tons of the same commodity by Shiraz Oil…

Gold and foreign exchange markets are more stable following the Central Bank of Iran’s announcement that the recent volatility in the forex market is temporary, said the head of Gold and Jewelry…

Urban Development and Revitalization Organization and University of Tehran signed an agreement to cooperate on cultural and research activities. Mohammad Saeid Izadi, UDCR’s head, said that the…

Parliament has approved legislation that entitles the victims of car accidents to equal blood money regardless of gender or religion.

According to law, insurers are required to compensate…

The Minister of Economy Ali Tayyebnia said on Tuesday that any interest rate cut should come only after the Central Bank of Iran formally enters the inter-bank market.

“The move should be…

Credit cards are among lucrative microeconomic ventures throughout the world and the trend has been on the rise in many countries. However, Iran has been left out of the trend due to a variety of…

An independent organization must be established to settle the issue of banks’ toxic assets, said Abbas Akhundi minister of roads and urban development.

The banking sector’s toxic assets are…

Iran’s railroad will be connected to Azerbaijan Republic’s rail network in 18 months, announced Governor of Gilan Province Mohammad Ali Najafi in a statement addressing a specialized energy…