Economy

Although the agriculture sector had an effective role in Iran’s economic growth in the last Iranian year (ended March 20, 2017), former agriculture minister, Isa Kalantari, believes the new year…

Tehran Stock Exchange’s main index inched up 32.40 points or 0.04% to end Monday trade at 77,616.8.

Close to 752 million shares valued at $31 million changed hands for the day.

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The recent National Population and Housing Census shows that the median age of the Iranian population has risen to 31.1 years. The figure stood at 25 years in the fiscal March 2006-7, according to…

Iranian steelmakers exported about 4.87 million tons of crude steel and steel products during the 11 months to February 18, the latest data by Iran Steel Producers Association showed.

About…

Esfahan Steel Company plans to boost longs exports to 1 million tons by the end of the current fiscal year (started March 21) from last year’s 700,000 tons, ESCO’s head of sales and marketing said…

Heading for the Iranian presidential election in May, Iranian President Hassan Rouhani has much to feel good about.

After Iran Khodro (IKCO) announced production of the Peugeot 2008 SUV/crossover before the Iranian New Year, several Telegram messenger groups said the price of the car will be in the range of…

The Industrial Development & Renovation Organization of Iran (IDRO) and French automaker Renault are to sign a production contract in two weeks according to the state-owned company’s chief…

An unofficial representative of Toyota in Iran, Irtoya is set to launch sales of the recently launched C-HR crossover model.

The sporty-looking model first appeared in the country at the…

Electric-only car company Tesla, announced that in first three months of 2017 the company delivered over 25,000 vehicles to its customers.

The record quarter marks a shift if the company’s…

Global automotive components supplier Magna is going to invest $5 million Canadian dollars in the Vector Institute, a new independent Artificial Intelligence (AI) research facility in Toronto,…

The investment treaty between Iran and Japan will come into force as of April 26, a statement released by the Embassy of Japan in Iran on March 27 reads.

The two countries signed the…

Data released by the Central Bank of Iran for the last Iranian year that ended on March 20 put the number of residential housing deals in the capital Tehran at 162,100–marking a 5.4% annual…

The General Court of the European Union has dismissed Tejarat Bank’s challenge to an EU decision to relist it back in 2015.

Executing currency revaluation in Iran by removing one or more zeroes from the rial will require conditions that will not materialize for at least another two years, the governor of the Central…

The figure for broad money supply crossed 12 quadrillion rials ($320 billion) by Jan. 19, marking a 26% increase compared with the previous year.

The Central Bank of Iran has announced that it will continue to pursue plans to sideline the US dollar.

The bank said in a statement that the country, in line with previous measures, will…

Iranian steel mills produced 2.89 million tons of crude steel in the first two months of 2017, registering a 6.2% growth year-on-year, according to the latest report released by World Steel…

German steel plant maker SMS Group has signed a $400 million contract to expand production at Iran’s Mobarakeh Steel Company but faces challenges in raising financing so there is no clear timeline…

Tehran Stock Exchange’s main index TEDPIX shed 2,989 points or 3.7% over the last Iranian year (March 2016-17) to end at 77,230. However, the smaller over-the-counter exchange Iran Fara Bourse’s…

The Armenian government approved a bill on March 30 to establish a free trade zone near the country’s border with Iran.

Meghri Free Trade Zone will be set up in Syunik Province near Iran’s…

The goods and services Consumer Price Index for rural areas in the 12-month period ending March 20, which marks the end of the last month of the past Iranian year (Esfand), increased by 7.2%…

Plans are underway to establish five medicinal herbs export terminals in Iran, says an official with the Ministry of Agriculture.

Iran has shown interest in purchasing 100 Russia’s Sukhoi Superjet-100 medium-haul passenger planes but the agreement has only been reached regarding 12 aircraft at present, Russian Energy…

The average goods and services Consumer Price Index for urban areas in the 12 months ending March 20, which marks the end of the final month of the last Iranian year (Esfand), increased by 9%…