Economy

In comments posted on the news website of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Ahmad Hatami Yazd, a former banker, has claimed that non-performing loans (NPLs) are the…

The Central Bank of Iran has plans to either dissolve or merge banks and credit institutions with a track record of poor performance, the bank's governor, Valiollah Seif said on Tuesday.

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Iran Insurance Company’s share of premiums saw a 7.7% y/y decline, accounting for 31.7% of the total earned premiums during the two months that ended on May 20.

Data from the Central…

The Office of Foreign Assets Control (OFAC) of the US Treasury Department has given Brazilian banks permission to work with Iran in euro, said the director of the Brazilian Foreign…

Tehran Stock Exchange's main index gained 845.60 points or 1.16% to close Wednesday trade at 73,644.8.

More than 760 million shares valued at $50.7 million were transacted for the day.

The Iranian Mines and Mining Industries Development and Renovation Organization is planning to sell four trillion rials ($114.2 million) worth of Musharaka bonds to develop and renovate Kahnouj…

Iranian steel companies manufactured 1.6 million tons of crude steel in May, indicating a 13% rise in production compared to last year’s corresponding period, according to the latest data released…

Commodity certificates of deposit for barley are being offered for the first time on Iran Mercantile Exchange.

The certificates represented 10,000 tons of animal feed barley from three…

The US State Department says it welcomes Boeing’s announcement of a deal with Iran Air and that it involves the “type of permissible business activity envisioned” in the Iran nuclear deal.

Iran’s newly-purchased Beechcraft King Air 350i flight inspection plane has begun operation.

The $9 million aircraft landed at Shiraz International Airport on Wednesday after performing its…

Iran has resumed dairy exports to Iraq, according to Iran Dairy Industries Association, after the Iraqi government reversed its decision on raising import tariffs on Iranian products a week ago.…

Close to 8.5 billion sticks of cigarettes were smuggled into the country in the last Iranian year (March 2015-16), indicating an over 29% decline as compared to a year before, according to the…

Iran is eying stone exports to Russia and the Commonwealth of Independent States, said a deputy minister of industries, mining and trade. Speaking on the sidelines of an exhibition titled “Stone…

Norway’s fisheries minister has indicated that a newly sanctions-free Iran could become a lucrative seafood market for the Scandinavian country.

“With the repeal of sanctions, we are facing…

Tehran is scheduled to host the International Exhibition of Road Construction and Maintenance, Transportation and Related Industries on December 18-20. Participants will showcase products and…

Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state, an industry source said on Tuesday. The…

Porsche Automobil Holding SE, Volkswagen's controlling stakeholder, will endorse the carmaker's former top management at a shareholder meeting on Wednesday, a spokesman said, despite new…

A report published in the local media has recently ranked Iranian cities at the forefront of auto manufacturing.

Auto production lines are active in eight Iranian provinces. Tehran tops the…

High cost, an unpredictable market and lack of a supervisory body are the main challenges hindering the production of electric cars in Iran, according to a recent study conducted by Majlis…

Iran is the third largest grain importer from Russia after Egypt and Turkey. In 2014, the US was the world’s number one grain exporter, followed by Canada and Russia. Russia has now moved to the…

Flag carrier Iran Air says it is buying new generations of Boeing 737, as well as the 300ER and 900 version of the Boeing 777 under a Lease-Purchase contract that it recently signed with the…

Welding Engineers Ltd., a Swiss concern specialized in engineering design for synthetic rubber production, has been engaged by an Iranian company to supply the engineering to finish a plant under…

Iran and Turkey surveyed ways of expanding bilateral economic ties in a meeting held between Turkish Contractors Association’s President Mithat Yenigun and Iranian Ambassador to Turkey Mohammad…

More than 12.8 million tons of freight were loaded and unloaded in Iranian ports during the second month of the current Iranian year (started April 20), which indicates a 17.7% increase compared…

Iran’s National Saffron Council has voiced concern about the relentless smuggling of Iranian saffron bulbs into Afghanistan and China. “Iran is the largest producer of saffron, accounting for…