Economy

The Islamic Republic of Iran Customs Administration has introduced measures to systemize import procedures of foreign clothing brands.

More than 310.7 million tons of mineral products were produced in Iran in the last fiscal year (ended March 20, 2017), the Iranian Mines and Mining Industries Development and Renovation…

Khouzestan Oxin Steel Company has shipped its first batch of steel plates to Germany from the southern Iranian port of Bandar Imam Khomeini, the company’s managing director announced on Monday.…

Chinese car company Lynk & Co has taken the covers off its latest concept vehicle called, the 03. The tech-laden vehicle is the first concept sedan to attract customers in a new way with short…

Superfast 5G (fifth generation) cellular networks are seen as paving the way to truly autonomous driving, but the technology is still about 10 years away, Hyundai’s auto intelligence chief said in…

Bam Khodro, a small independent car producer, is set to manufacture China’s Geely GC6 sedan, in the city of Bam in central Kerman Province.

According to automotive website Asbe Bokhar, Bam…

Iran’s second largest auto manufacturing company, SAIPA, will start production of spare parts in Algeria following a joint venture with the Algerian firm Tahkout Manufacturing Company (TMC).

The agreement on Banking and Payment Arrangement signed between Pakistan and Iran has been a positive move, which will significantly increase bilateral trade in the foreseeable future, the…

A couple of foreign insurance companies are determined to invest in Iran in the next two or three months, the president of the Central Insurance of Iran said.

"Foreign companies have been…

The Central Bank of Iran does not prioritize cash injection into the market, but only to help the banks support production and job creation, the head of the Economic Office at the Central Bank of…

The head of Iran Mining House announced that the proposal for establishing a bank dedicated to the mining sector with a capital requirement of 6 trillion rials ($160 million) will be…

The Central Bank of Iran is against monopolizing electronic banking and supports banks or entities that provide efficient services, the bank's governor said.

"The central bank backs the…

Close to 134,000 tons of tomato paste worth more than 5.8 trillion rials ($154.7 million) were exported over the 11 months to February 18, according to the Islamic Republic of Iran Customs…

Close to 144,200 tons of different kinds of thread worth nearly 7.9 trillion rials ($210 million) were imported over the 11 months to February 18, based on figures released by the Islamic Republic…

Iran’s Traditional Bakers’ Union has called for a rise in bread prices, stressing that prices have remained unchanged for 30 months now. “Bakers across the country cannot cover their expenses,…

Some 23 trillion rials ($612 million) worth of investments have been made in Mazandaran Province’s industrial projects since President Hassan Rouhani took office in August 2013, the planning and…

Iran is in talks with France-based plane manufacturer Airbus and pursuing a joint venture with Italy’s ATR to domestically produce aircraft parts, says Iran’s Vice President for Science and…

Tehran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to host a trade delegation from the German state of Bavaria in the Iranian capital on May 1, TCCIM’s news portal said.

Iran has numerous historical monuments and buildings, the likes of which would be listed as architectural heritage in other countries.

Since the public budget is not sufficient to safeguard…

President Hassan Rouhani on Sunday inaugurated $20 billion worth of gas and petrochemical projects in Asalouyeh, Bushehr Province, in what is hailed as the biggest launch of industrial projects in…

The significantly reduced availability of pig iron from Ukraine since late February has opened the door to the Italian market for alternative suppliers, India and Iran in particular. Basic pig…

Major Iranian steelmakers exported over 5.38 million tons of crude steel and steel products in the last fiscal year (March 2016-17), registering a 29% growth compared to the year before, Iranian…

Tehran Stock Exchange’s main index inched up 88.40 points or 0.11% to end Sunday trade at 78,471.7.

Close to 1.4 billion shares valued at $83.1 million changed hands for the day.

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Close to 50,000 tons of chicken were exported from Iran in the last fiscal year (March 2016-17), down from 80,000 tons the previous year, registering a 37.5% decline, the head of Broiler Breeders…

Iranian iron ore producer Sabanour Mining and Industrial Development Company plans to complete its new pelletizing project called Asadabad Pelletizing Plant located in Hamedan Province by the…