Economy

An average of $3 billion worth of livestock, poultry and fish feed inputs are imported by Iran every year, the head of Iran Feed Association said.

Some 220,000 tons of colza are estimated to be harvested in the current Iranian year (started March 21), from which about 100,000 tons of high-quality vegetable oil will be produced, a deputy…

Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei has been elected to preside over the Asia and the Pacific Region Labor Ministers’ Meeting. The election took place at the 106th…

May 23rd marked the 35th anniversary of Islamic Azad University’s founding.

With 1.62 million students, 70,000 faculty members and about 10 million square meters of campus space, IAU is…

Iran's Automotive Policy Council is considering the possibility of merger of auto parts manufacturers to cut costs and to cater to the needs of the market which is facing shortage in auto parts…

The production of 100 Iran-made small electric cars called Yooz developed at a knowledge-based firm affiliated to the Islamic Azad University Qazvin, has started, according to the university dean…

The Industrial Development and Renovation Organization of Iran (IDRO) says firms wanting to benefit from its support must first meet its terms and conditions.

IDRO, created in 1967, is one…

A local firm, Kian Motor Varna, has reportedly come to an import agreement deal with Chinese-German carmaker Borgward.

According to local automotive website Aval Khodro, the deal was signed…

Central Bank of Iran’s Governor Valiollah Seif met with his Syrian counterpart on Sunday to review banking ties and discuss further cooperation to finance economic projects.

A total of 21.19 billion transactions were registered in the Iranian interbank information transfer network, or Shetab, in the previous fiscal year that ended in March, according to the…

Governor of the Central Bank of Iran Valiollah Seif has denied reports about Iranians having any problems regarding their bank accounts in Turkey, stressing that banking relations between the two…

Oberbank, one of Austria's biggest banks, has allocated a €1 billion ($1.2 billion) line of credit to finance investment projects in Iran, Austria's finance minister announced…

Tehran Stock Exchange’s main index gained 15 points or 0.02% to end Sunday trade at 79,870.7.

About 450 million shares valued at $47.51 million changed hands for the day.

Derakhshan…

The Central Securities Depository of Iran issued 17 trading codes for foreign investors in Iran’s capital market during the second month of the current Iranian year (ending May 21).

Investors warmly greeted the underwriting of the Iranian capital market’s first exchange-traded commodity on Iran Mercantile Exchange, as 80% of the units offered by Lotus Gold Fund were sold on…

Iran’s sportswear market is mainly dominated by foreign products.

Many Iranian sports teams and athletes tend to regard foreign brands as their first choice when it comes to sports clothes…

Buying activity in the Iranian flat steel import market dropped last week amid limited demand from pipe and profile industries.

Reduced working hours due to the Muslim fasting month of…

The first water purifier filter produced by the Industrial Development and Renovation Organization of Iran in collaboration with researchers from Sharif University of Technology will soon be…

Iran’s share of the Iraqi market is only 12%, the Iranian consul general in the city of Karbala said.

A total of 4.1 billion cigarettes were domestically produced in Iran during the first two months of the current Iranian year (March 21-May 21), registering a 128% increase compared with the…

Qatar’s request to divert flights to Iran after the Arab rift has caused a significant rise in passenger planes using Iranian airspace, the CEO of Iran’s Civil Aviation Organization said.

South Korean Ambassador to Iran Kim Seung-ho said Seoul is following a set of strategies to restore ties with Tehran to pre-sanctions level, particularly in economic and trade fields.

In an…

Iran plans to establish six dry ports as per its sixth five-year development plan (2017-22), a deputy minister of roads and urban development said.

All Iranian airlines will stop flying to Najaf, Iraq, as of July 1 as a result of recent regulatory changes that make operating flights to Al Najaf International Airport very costly, the secretary…

A team of Belgian researchers have developed a device that will remove pollutants from the air and convert them into simple hydrogen — using sunlight, nanoparticles and a photoelectric chemical…