Economy

Major Iranian iron ore producers manufactured 12.49 million tons of iron ore concentrate during the first four months of the current fiscal year (March 21-July 22), registering a 28.3% growth…

German manufacturing company and leading global filtration specialist, MANN+HUMMEL, opened an office in Tehran and for the first time has its own representation in Iran.

The Qatari government has facilitated business trips for Iranians by issuing six-month visas for merchants and businesspeople from the Islamic Republic, Tehran Chamber of Commerce, Industries,…

Tehran will host the 26th Iran Handmade Carpet Exhibition from August 23 to 29, according to the website of Iran International Exhibition Company. The event, organized and sponsored by Iran…

Iran can help Syria accelerate its reconstruction and development projects, a senior Iranian trade official said.

Gilan Tourism and Racing Association has staged Iran’s first organized and regulated 400m drag race in Bandar Anzali.

Drag racing is a type of motor racing in which automobiles or…

Fiat Chrysler Automobiles is joining the self-driving alliance led by BMW Group, Intel and Mobileye, becoming the second automaker in the year-old group to opt to partner in developing an…

Iran’s commercial attaché  in Islamabad led an economic delegation to the Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) offices in Lahore last week to…

The government has passed new rules that require auto importers to scrap 2-8 old cars for each imported unit.

According to the ruling, “issuance of registration plates” will require…

Iranian banks returned 1.5 million checks worth 130.6 trillion rials ($3.4 billion) during the month that ended on July 22, the official website of the Central Bank of Iran reported. The number…

Governor of the Central Bank of Iran Valiollah Seif in a letter called on the chief executives of banks to prioritize financing small- and medium-sized enterprises in the current Iranian year (…

Top construction companies in Iran are mostly known for building luxury apartment, villas and malls in the northern districts of Tehran, but the sluggish market for expensive residential units…

More than 13,900 tons of butter worth 2.13 trillion rials ($65.73 million) were imported from six countries during the first four months of the current Iranian year (March 21-July 22), the…

The Iranian dairy industry is beginning to expand, as dairy companies now target export destinations such as Russia, according to DairyReporter, a French news service in dairy processing…

The First International Exhibition of Glass and Related Industries is scheduled to be held from August 23 to 26 in Tehran’s International Fairground.

President Hassan Rouhani has appointed Masoud Nili as his special aide in economic affairs and secretary of Economic Coordination Headquarters. Nili has been the president’s senior economic…

With 31 holding companies from the fields of industries, services and commerce, Iran is the biggest participant in the 59th edition of Damascus International Fair currently underway in the…

Right now, the US is doing the rest of the world a big favor by locking itself out of one of the largest and more attractive pre-frontier markets: Iran.

Iran’s National Business Environment Index in last winter (Dec. 21, 2016-March 20, 2017) stood at 5.83, registering a 0.03 unit or 0.6% improvement compared with autumn (Sept. 23-Dec. 20,2016),…

The Iranian government has asked domestic steel mills to allocate more billets to the domestic market where demand has increased significantly, informed sources in Tehran said on Thursday.

Tehran Stock Exchange’s main index TEDPIX gained 163 points or 0.2% during the week that ended on August 16 to end at 81,741.9.

Trading at Iran’s stock markets starts on Saturday and…

The average Iranian household living in urban area spent more than they earned in the last fiscal year (March 2016-17), the Central Bank of Iran’s latest report shows.

About 17,600…

The value of Islamic bonds issued in Iran’s capital market has reached 120 trillion rials ($3.17 billion), chief executive of the Central Securities Depository of Iran, Mohammad Reza Mohseni,…

Nokia is back from the dead with its Nokia 8 model which hopes to take on Samsung and Apple.

The company has already released mid-range phones designed by the company, but the new Nokia…

The state-owned Iran Post Company is looking for a slice of the online packet delivery pie with the help of new app-based services.

Director of the company, Hossein Mehri, said this week…