Steel mills in Iran produced 10.1 million tons of crude steel during the seven months of 2016, which shows a 4.9% growth compared to the corresponding period last year, according to a preliminary…
Economy
Entering regional markets, which for variety of reasons was previously neglected or out of reach, is a goal now pursued by Iranian traders. The international sanctions, on the one hand,…
The balance in the Caucasus is changing. With Iran emerging from the malaise of sanctions, it is reaching north and becoming more assertive. Russia, too, is changing tack, aligning with…
Toyota said on Friday it restarted its Venezuelan factory after six months without producing vehicles because of hard currency shortages, good news for the South American nation suffering a…
Mega Motor and SAIPA, the country’s second largest carmaker, plan to harmonize their activities to maximize their production and efficiency, the managing director of Mega Motor, one of the main…
Iran’s first automotive college will be established in Payam Special Economic Zone in Alborz province, west of Tehran.
The continued production of old car models such as Peugeot 405 and Pride at Iran Khodro Company and SAIPA is illegal.
A guideline for improving the quality of passenger vehicles was passed…
Atlas Khodro, the sole representative of Kia Motors in Iran, has been ranked the best company in providing after-sales services. In the recent ranking published by Iran Standards and Quality…
Despite persistent warnings and strict regulations, the smuggling and sale of banned foreign fruits including Egyptian orange, African and Brazilian lemon and Turkish avocado and cornelian cherry…
Tehran has topped the list of world cities that have achieved biggest improvements in livability over the past five years, as calculated by the Economist Intelligence Unit. The scores were…
South Korean manufacturer of rolling stock, defense products and plant equipment Hyundai Rotem has collected 83.5 billion won (about $75 million) in outstanding payments from a railway project in…
A trade delegation of representatives from the public and private sectors is scheduled to visit Oman in mid-September, said the deputy head of the Trade Promotion Organization of Iran Mohammad,…
More than 327,000 tons of watermelon worth almost 1.7 billion rials ($47.9) were exported during the first four months of the current fiscal year (March 20-June 20), registering a 6% rise in…
Iran exported 570,600 tons of non-oil goods worth $182.8 million to Turkmenistan during the first four months of the current Iranian year (March 20-July 21) -- a 27% decline in value compared to…
The Italian Danieli group, which is one of the world’s largest suppliers of equipment and plants to the metal industry, is set to revamp Khorasan Steel Company’s electric arc furnace technology to…
Equities continued to slide last week finishing the six-week rally that saw stocks rise to their highest since March on Aug. 7. Even the publishing of better-than-expected first quarter growth…
Syrian Prime Minister Imad Khamis and Iranian deputy economy minister, Farhad Zargari, in a meeting in Damascus on Wednesday discussed ways to expand cooperation, namely in the economic spheres.…
One of the world’s leading maritime exhibitions, Rotterdam-based Europort has become the official and exclusive international partner of the 18th Marine Industries Conference and Iran…
Iran’s pharmaceutical industry has found itself in a catch-22. On the one hand, the country is trying to grow its pharmaceutical exports and attract investment in the industry. But on the other,…
Cement produced by Qayen Cement Company has replaced bitumen as the main construction material for Qayen-Birjand Highway, the Persian-language newspaper Donya-e-Eqtesad reported.
The…
Islamic Republic of Iran Shipping Lines and Skuld on Thursday signed an agreement to start cooperating on marine coverage. The Norwegian insurer also agreed to hold training courses for IRISL’s…
The Central Bank of Iran has never approved banks engaging in speculative and non-banking activities, said the CBI’s deputy for supervisory affairs on Thursday.
The banking system will start issuing credit cards to gradually meet the customers’ needs for small loans and help pull "the real economic sectors" out of the prolonged recession, a statement by…
All banks registered in Iran’s banking network are now authorized to sell housing bonds, announced a member of Money and Credit Council, a decision-making body.
The first Digital Content Creation Marathon was held at Sharif University of Technology in Tehran on Friday. The event was organized in collaboration with the Vice Presidency’s Office of Science…
