Economy

Iran’s rail transport system is not able to meet domestic demand, says Minister of Roads and Urban Development Abbas Akhoundi. “Out of the 800 locomotives in the railroad system, already not…

More than 750,000 tons of pomegranates are expected to be produced this Iranian year (started March 21), says head of the National Union of Agricultural Products Reza Nourani. He added that last…

Iran is set to join the club of capital-rich, land-scarce countries involved in agricultural outsourcing as a way to protect its food supply and reduce imports.

Germany’s Lufthansa is excited by the possibilities offered by the opening up of Iran, especially for its maintenance and catering divisions, the airline group’s chief executive told Reuters.

A delegation of businesspeople and investors from the Czech Republic led by the European country’s Minister of Foreign Affairs Lubomir Zaoralek met with members of Isfahan Chamber of Trade,…

Gasoline saved over the past decade since ending the production of Peykans is estimated to be 4 billion liters, according to an Iranian official.  Peykan's production was ended in 2005.…

Iran plans to export cars and spare parts worth $3.1 billion in the Iranian fiscal year 1396 (March 2017- 18).

France's PSA Peugeot Citroen, the biggest-selling European carmaker in pre-sanctions Iran, has suffered a setback in its bid to reclaim that status, as domestic rival Renault has picked up since…

Iran has been selected once again to host the Middle East Rally Championship in 2016.

The Motorcycle and Automobile Federation of Iran made the announcement on Saturday.

The sports…

A  memorandum of understanding was signed between Bank Maskan and New Town Development Company—a subsidiary firm of the Ministry of Roads and Urban Development-- as the first “Property…

Government-owned banks have been unable to expand their capital assets largely due to the growing activities of unauthorized financial and credit institutions across the country, the managing…

Lending by commercial banks grew by 16% to 940 trillion rials ($31.3 billion at official market rate) in the first four months of the current Iranian year (started March 21) compared with the…

Assets of the National Development Fund of Iran will be separated from those of the Central Bank of Iran from the next Iranian year (starting March 20, 2016).

The Monetary and Banking Research Institute of the Central Bank of Iran has recently released a new publication named “E-Payment Systems and E-Banking in Iran”, CBI’s website reported on Wednesday…

More than 539,000 tons of commodities valued at $160 million were traded at Iran Mercantile Exchange during the week that ended September 2. The industrial and mining trading floor witnessed the…

Besides watching “barista championship” and learning how to make “a perfect-tasting espresso” by a Rome-based expert, coffee lovers attending the Coffee and Tea Exhibition 2015 held at Tehran’s…

With significant oil and gas reserves, a well-developed stock market and a population almost equal to that of Germany, Iran is an attractive prospect to many.

Experts say Swiss high-tech…

Shortly before the finalization of Iran’s historic nuclear accord with six major world powers, the government spokesperson Mohammad Baqer Nobakht told reporters that the sixth five-year economic…

Tehran Stock Exchange’s rollercoaster ride wrapped up the week that ended September 2 in green with the overall index edging up 70 points or 0.11% compared to the previous trading week.

Pistachio harvest from Sistan-Baluchestan orchards has started and will continue until October, said the director of horticulture affairs of the province’s Agricultural Jihad Organization.  “…

The joint conference on Iran-Afghanistan trade opportunities attended by the Islamic Republic of Iran’s deputy chief of mission of to Afghanistan, Ali Edalat, and head of Afghanistan’s Investment…

Trade between the commerce chambers of the Developing-8 member states has the potential to rise from the current $98 billion a year to $150 billion, said the Iranian secretary-general of the…

Industrial Production Index fell by 19.3% in the first quarter of the current Iranian year (March 21-June 21) compared with the similar period of last year, according to a report by the Central…

Just like every other summer-end, rice farmers are busy harvesting the paddies; this year though, with some peace of mind.

The prospective increase in production due to favorable climatic…

The Ministry of Industries, Mines and Trade has issued an announcement urging apparel importers and retailers to register their business information with the ministry’s database until September 18…