Economy

Exports of semi-finished casting products are on the rise despite shortage in the domestic market.

In fact, shipments destined abroad have increased so much that there are not enough semis…

The Iranian decorative stone sector is currently going through a rough patch. Of the 6,500 stone processing units in the country, about 500-2,000 have gone out of business in recent years.

A Swedish firm, MentMed AB, has signed a memorandum of understanding with Iranian medical firm Kian Tajhiz Mehr Afarin to develop accessibility products for the elderly and disabled in Iran. The…

Head of the Iranian Automobile Importers Association has called on the government to revise its definition of “luxury cars,” stating that “engine size” is not an appropriate token for classifying…

TAM Co, an auto parts subsidiary of Iran Khodro (IKCO), and Germany’s Siemens signed a memorandum of understanding (MoU) on Sunday to develop joint projects and facilitate future production.…

BMW is set to extend production halts in Germany to China and South Africa Monday as the automaker grapples with a shortage of steering parts.

Production at factories in Shenyang, China,…

A Renault Kwid hatchback has been spotted on a highway in Tehran with a temporary license plate, according to eagle-eyed car enthusiasts following the vehicle on May 28, Iranjib.ir reported.

South Korea's Hyundai Motor Group is looking for a stronger presence in Iran's auto market through better services and improving relations with car buyers, says the chief executive of Kerman Motor…

Trade between Iran and China stood at $12.1 billion during the first four months of 2017, up from $8.1 billion in the corresponding period of 2016, registering an increase of over 49%, the General…

The Iranian petrochemical industry has the capacity to receive significant new investments from banks, the chief executive of the Export Development Bank of Iran said, adding that his bank is…

Only an insignificant volume of Iranian assets frozen overseas remain inaccessible, the Central Bank of Iran’s deputy for foreign exchange affairs said.

Bank Sepah is ready to review foreign investment projects in Iran and guarantee them, a board member of the state-run bank announced.”Foreign investors need to be confident that they can have…

After a lackluster start to the new Iranian year (started March 21), Tehran real-estate residential deals rebounded during the second month (started April 21) to herald an imminent relief for the…

More than 43,600 tons of tomatoes worth 355 billion rials (over $9.5 million) were exported in the first month of the current Iranian year (started March 21), figures released by the Islamic…

The Central Bank of Iran has published growth figures for the third quarter of the last Iranian year (September 22-December 20, 2016).

According to CBI, the Iranian economy grew 15.7% last…

Order registrations are valid for rice imported until July 23 only, director general of Imports and Exports Regulations Bureau at the Trade Promotion Organization of Iran, Ali Aliabadi, said.

An exhibition and sales outlet for Iranian goods in the fields of restaurant equipment and hospitality opened in Muscat, Oman, on Saturday. Iran’s deputy envoy to Oman, Mohammad Toutounchi, who…

The average Producer Price Index in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 5.9% compared with last year’s corresponding period, the latest…

Iran exported $17 million worth of medical devices during the fiscal 2016-17, registering an 18% increase year-on-year, an official with Iran Trade Promotion Organization said.

Mohammad…

Yahya Al-e Es’haq, the former head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, believes the reinstatement of Commerce Ministry is key to solving economic problems in Iran…

Thailand is currently the world’s fourth largest importer of steel and Iran is gradually becoming a major exporter to the Southeast Asian market.

The kingdom imported a total of 13.2…

Imports of semi-finished steel dropped by 88% in the first month of the current Iranian year (started March 21) compared with last year’s corresponding period to stand at 29,000 tons, according to…

Tehran Stock Exchange’s main index lost 208 points or 0.26% to end Sunday trade at 80,713.2.

More than 480 million shares valued at $32.66 million changed hands for the day.

Bojnourd…

The rate of mobile Internet usage has grown 42% over four years, with the latest data putting the number at 33 million subscribers at the end of the previous fiscal that ended in March, an…

Drones capable of carrying more than a ton of goods to long-distance deliveries are part of plans by one of China’s biggest online retailers to develop a massive logistics network covering remote…