Economy

Iran’s two major coal production companies had a total output of 675,808 tons of coal concentrates in the last fiscal year (ended March 20, 2018), indicating a 12% rise year-on-year, the Iranian…

Iran’s largest holding, the financially troubled Social Security Investment Company, also known by its Persian acronym Shasta, has called on the government to help finance several…

Flat steel import trade in Iran has been almost non-existent in the past several weeks, because of currency exchange rate issues.

One of the major concerns for traders selling material…

Chinese e-commerce firm Alibaba Group Holding Ltd has acquired Chinese chipmaker Hangzhou C-SKY Microsystems to underpin its cloud-based “Internet of things” (IoT) business, an Alibaba…

Iran ICT Guild Organization has announced the dates for the 24th International Exhibition of Electronics, Computer and E-Commerce (Elecomp 2018) to be held in Tehran International Fairground.…

Iran's Imam Khomeini Airport Company plans to hold an international tender to select qualified contractor to develop the first phase of a new airport passenger terminal (named Iranshahr) and…

More than 945 tons of nails worth 61.7 billion rials ($1.81 million) were imported into Iran during the last Iranian year (March 2017-10), figures released by the Islamic Republic of Iran…

Iran’s official apparel imports in the last Iranian year (March 2017-18) stood at around $59 million, while statistics from the International Trade Center suggests apparel entering the country…

Iran traded $4.98 billion worth of non-oil goods with India during the last Iranian year (ended March 20, 2018), which is 5.13% higher compared to the year before, making the South Asian country…

The Russian Railways JSC is discussing the formation of a logistics operator for the International North-South Transport Corridor with Iran, India and Azerbaijan.

Iranian and Vietnamese firms discussed trade opportunities at the Vietnam-Iran Business Forum held on Monday.

The forum was organized to mark the visit to Vietnam of Iran’s Parliament…

A senior lawmaker announced that a pending legislation for implementing Iran’s action plan set by the Financial Action Task Force will be approved by late September.

More than 1.75 billion transactions worth more than 1.91 quadrillion rials ($45.47 billion) were registered by Shaparak, Iran’s payment settlement network, in the final month of the previous…

For preventing speculative activities in Iran’s currency market and supporting authorized bureaux de change, 80 uncertified money exchange shops have been closed in the past six days while…

Tehran Stock Exchange’s main index gained 1.19 points on Wednesday compared to the day before to end trade at 95,523.9.

About 426 million shares valued at $26.04 million changed hands at…

The 25th International Exhibition of Detergent, Cleanser, Hygienic Cellulose Products and Machinery, also known as “Iran Beauty and Clean 97”, is scheduled to open at Tehran’s International…

Iran Air, the country’s flag carrier, will take delivery of 14 brand-new airplanes, include three Airbus jets, three Boeing jets in addition to eight ATR turboprops, by the end of 2018, if it…

Iran’s agricultural and food exports amounted to around 6.13 million tons worth $5.93 billion in the last Iranian year (March 2017-18), registering a 5% and 4% growth in weight and value…

The Sixth International Conference on Powder Metallurgy for Automotive Parts, also known as PM Auto 2018 concluded in Isfahan Province on Wednesday. The two-day conference was jointly held by…

China’s Shandong Linglong Tire Company (Linglong) is reportedly hesitant about going ahead with a previously announced contract to supply technology to a greenfield tire plant in southeastern…

President Hassan Rouhani's administration on Wednesday officially discarded the US dollar as its currency of choice for financial reporting and opted for the euro.

Tesla CEO Elon Musk has set an aggressive new target for production of the Model 3, and it will operate its Fremont, California factory 24 hours a day to meet the goal, according to an internal…

China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world’s biggest car market, even as trade tensions simmer between Washington…

Iran Khodro is set to launch mass production of Peugeot 301 in the coming months as part of a joint venture agreement with PSA Group’s Peugeot brand.

The €400-million joint venture,…

More than 107.98 million tons of oil and non-oil products were loaded and unloaded in ports located in the southern Hormozgan Province in the last Iranian year (ended March 20, 2018),…