Economy

Iran became the world’s second largest direct-reduced iron producer in 2017 by producing 20.5 million tons of the steelmaking material, up 28.3% year-on-year, the latest data by World Steel…

Tehran Stock Exchange’s main index gained 408.42 points or 0.42% to end Monday trade at 98,629.4.

About 1.10 billion shares valued at $49.88 million changed hands at TSE for the day.…

The latest development in the tug-of-war between Iran and Saudi Arabia has manifested in the kingdom blocking an investment deal by South Korea in Iran’s steel industry.

Minister of Industries, Mining and Trade Mohammad Shariatmadari said only half of Iran’s active industrial units are operating above 50% of their capacity.

Iran’s first hydroponic greenhouse has come on stream in Markazi Province.

The first phase of the project with an area of 15 hectares became operational in Zarandiyeh.

Once…

A 15.85% controlling stake in Iran’s largest auto producer, Iran Khodro Group, is scheduled to be put up for sale on Tehran Stock Exchange on Jan. 31.

The sale includes more than 2.2…

Iran exported over 160 tons of saffron worth $219 million during the nine months to Dec. 22, 2017, indicating a 26% and 33.33% growth in value and volume compared with last year’s corresponding…

Avian flu infecting Iranian chicken farms has created a new challenge in chicken breeder farms and a threat to the whole country’s meat output.

The “Repair and Installation of Machinery and Equipment” subsector shrank by 49.6% in the first half of the current fiscal year (March 21-Sept.22, 2007) compared with last year’s corresponding…

The 14th session of Iran-Belarus Economic Commission, co-chaired by Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari and Belarusian Industry Minister Vitaly Vovk opened in…

The Islamic Revolutionary Guards Corps and other branches of Iran’s armed forces have been instructed to sell off business holdings and commercial assets “irrelevant” to their main function, the…

Inauguration of Iran Khodro-AzEuroCar LLC joint production plant known as Azermash is scheduled for March, the JV’s Azeri chairman of the board told reporters over the weekend.

BMW has acquired Parkmobile, an app that provides guidance and services for those looking for parking in North America, including on-street and garage parking payments and spot reservation.

Iran's sovereign-wealth fund has approved more than $36 billion in foreign exchange loans since its inception about six years ago until the third quarter of the current fiscal year to Dec. 21.…

Major currencies continued their bullish trend in Tehran’s foreign exchange market on Sunday, prompting the rial to fall to record lows. According to Tehran Gold and Jewelry Union’s website, the…

The goods and services Consumer Price Index in the 12-month period ending Jan. 20, which marks the end of the Iranian month of Dey, increased by 8.2% compared with last year’s corresponding…

Chairman of Iran National Carpet Center Hamid Kargar expects Iran's exports of hand-woven carpets to reach $400 million by the end of the current fiscal year (March 20).

Last year's (…

The Rasht-Astra Railroad project will be carried out by Iran and the neighboring Azerbaijan, each providing 50% of the required finances.

Announcing the above, Deputy Minister of Roads…

Iranian company Agro Portal, with the help of Kazakhstan’s National Company for Investment Support and Promotion, also known as Kazakh Invest, has invested in the construction of a halal meat…

Iran’s apparent finished steel usage recorded a meager growth in the first nine months of the current fiscal year (March 21-Dec. 21, 2017) while consumption of semi-finished steel dropped.

Tehran Stock Exchange’s main index lost 596.11 points or 0.6% to end Sunday trade at 98,221.1.

About 2.78 billion shares valued at $223.6 million changed hands at TSE for the day.

Some 96,000 tons of pistachios worth $852 million were exported from Iran in the nine months since the beginning of the current Iranian year (March 21-Dec. 21, 2017), Deputy Agriculture Minister…

A total of 70 trillion rials ($1.5 billion) have been earned during the first eight months of the current fiscal (started March 21, 2017) from newly identified economic operators, the chairman…

Public wages in Iran account for 5% of the country’s gross domestic product, a newly published report by the International Monetary Fund titled “Public Wage Bills in the Middle East and Central…

Iran exported more than $7 billion worth of commodities, including oil and gas, to Turkey during the 11 months to Nov. 30, 2017, registering a 68.5% rise compared with last year’s corresponding…