Economy

The first production phase of South Rohina Steel Complex was inaugurated on Wednesday by First Vice President Es’haq Jahangiri and Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh…

The 12th RoboCup IranOpen concluded on Friday with hundreds of enthusiasts testing their hardware against international rivals.

According to the RoboCup website, the event’s aim is to…

The Telecommunications and Information Technology Ministry says it has plans to improve and expand the key sector by offering incentives and tax exemptions to technology related business, Mehr…

Bank Saderat and MTN-Irancell — the second largest Iranian mobile operator — unveiled new services based on Near Field Communication (NFC) in the northern port city of Bandar Anzali on the Caspian…

Banks' lending rates are still high and the government is making efforts to lower the lending rates in line with the inflation rate, said the Central Bank of Iran's governor.

"Since we…

The government has cleared 132 trillion rials ($3.5 billion) of its arrears to the banking system while increasing its capital to public-sector banks by 242 trillion rials ($6.4 billion) , said…

Contrary to recent reports, Iranian banks have not gone bust but are in fact mired in faulty regulations, the secretary-general of the Private Banks and Credit Institutions Association said.”The…

After the implementation of Iran's nuclear accord with world powers, the country has negotiated its way to attract $50 billion worth of foreign finance expected to flow into the country soon, a…

Two pellet-making plants with production capacities of 5 million and 2.5 million tons per year and located in Sangan Mineral Zone will start production in the Iranian month of Ordibehesht (April…

The Iranian debt market witnessed the issuance of 83.6 trillion rials ($2.2 billion) of Sukuk in the last fiscal year (ended March 20, 2017), registering an over 92% growth compared with the year…

The government of President Hassan Rouhani is approaching its last months in office ahead of the May 10 election.

As Iranians prepare for the upcoming presidential vote, supporters and…

Tehran Stock Exchange’s main index gained 42.80 points or 0.06% to end Wednesday trade at 77,689.9.

Some 871 million shares valued at $46.2 million changed hands for the day.

…

The only Iranian plate producer Khouzestan Oxin Steel Company intends to increase its capacity utilization rate and strengthen its position globally over the new Iranian year (started March 21).…

Economically tied with high volume trade in crude oil and politically tied with similar interests for stability in the Middle East, Afghanistan, India and Iran have traversed a long and…

US Senators Ben Cardin and John McCain say Iran Aseman Airlines’ multibillion dollar deal with Boeing for up to 60 passenger jets is unlikely to be blocked by the US Congress.

Russian Railways’ export business RZD International and Islamic Republic of Iran Railways signed a €1.2 billion contract on March 28 for the electrification of the 495-km route from Garmsar on the…

Around 2.2% of Iran’s population are foreign-born, the findings of the recent National Population and Housing Census show.

Iran’s current population is 79,926,270, of whom 1,583,979 or 1.98…

Close to 5.6 million tons of goods worth about $1.8 billion were exported from Kermanshah in the last Iranian year (ended March 20, 2017), according to the director general of the western Iranian…

Social Security Organization paid off 25 trillion rials (about $658 million) of its outstanding debts to hospitals amounting to 45 trillion rials ($1.18 billion) in the last Iranian year (ended…

China was Iran’s biggest trading partner in the last Iranian year (March 2016-17). The East Asian country exported $10.75 billion and imported $8.37 billion worth of goods last year to remain…

New-car registrations in Italy rose by 18% last month, partly due to one more working day compared with March 2016.

Sales for the month were 226,143, Italy’s Transport Ministry said on…

Hyundai confirmed it will join the booming subcompact SUV segment with a new model called the Kona, ending months of speculation about the car.

The SUV will compete with vehicles such as…

Deputy Minister of Industries, Mining, and Trade Mansour Moazemi, said local automakers produced 1.3 million cars during the last fiscal year that ended on March 20.

He said the ministry is…

Following an agreement with the government in Baghdad, cars registered in Iran can now legally enter Iraq without extra official processes or paperwork. The agreement will help hundreds and…

Iran exported $321 million worth of hand-woven carpets during the 11 months of the last Iranian year (March 20, 2016-February 18, 2017), the head of National Carpet Center said.

This shows…