Economy

In a letter to First Vice President Es'haq Jahangiri, Minister of Agriculture Mahmoud Hojjati has urged all governmental executive bodies to meet their tea demand from domestic sources.

The…

Tehran Stock Exchange’s main index shed 150 points or 0.18% to end Wednesday trade at 81,265.9.

About 679 million shares valued at $52.29 million changed hands for the day.

Trading…

Iran Insurance Company, the state-owned insurer, has paid 148 billion rials ($3.9 million) in claims for the blaze that ravaged the warehouse of Bandar Imam Petrochemical Complex, IIC’s…

Iran and Pakistan’s biggest lenders are interested in opening branches in each other’s country, which was announced in a meeting between the governor of the Central Bank of Iran and the Pakistani…

In the face of rising demand for inexpensive residential units in the capital Tehran, a senior advisor to the minister of roads and urban development predicted that the market for small and…

Illegal credit institutions that mushroomed during the tenure of the former administration and whose malevolent effects continue to dog the country’s financial system are on their way out, the…

Rigan Khodro, a subsidiary of Kerman Motor, says it will start selling new Chinese cars in the Iranian market in the coming months.

The company has brought two prototypes, Leopaard CS10 and…

Rab’-e Rashidi Science and Technology Special Economic Zone in the northwestern city Tabriz has reached an agreement with the Austrian Institute of Technology to train auto parts designers.

Barely an hour after the official launch of online sales of Peugeot 207 by Iran Khodro, the company’s website crashed, leaving customers bewildered.

According to local automotive website…

The first phase of new car license plate registration commenced in Qeshm Free Trade Zone this week allowing vehicles from the tax free island to enter the mainland without having to pay for a…

Royal Dutch Shell on Tuesday submitted a proposal to the Petroleum Engineering and Development Company for developing Azadegan and Yadavaran oilfields south of Iran.

Esfahan Steel Company, Iran’s largest producer of constructional steel products, says it produced 522,814 tons of crude steel in the first three months of the current Iranian year (started March…

In the wake of the recent rally of US dollar in Tehran’s market, Iran’s former representative at the International Monetary Fund has enumerated three factors for the surge.

Bank Melli Iran, the nation’s biggest lender, is developing a new software that tracks the process of loan allocation for different projects.  According to a research conducted by the lender…

Maskan Investment Group, the investment arm of the parent company that owns the agent bank of the Iranian housing sector, has outlined its funding priorities, indicating an increase in finances…

Iran Chamber of Commerce, Industries, Mines and Agriculture has published a report explaining the impact of foreign exchange fluctuations on imports of raw materials, capital goods and consumer…

In the current fiscal year, $15 billion from oil revenues will be deposited in the National Development Fund of Iran, the government spokesman announced.

Iran exported $173 million worth of livestock feed in the last Iranian year that ended on March 20, 2017, registering a 33% increase compared with the year before, an official with the Agriculture…

About 14.8 billion cigarettes were produced in Iran during the first four months of the current Iranian year that started on March 21, registering a 37% increase compared with the corresponding…

Railroads hold a 10.2% share in Iran’s cargo transit, the deputy head of Islamic Republic of Iran Railways said.

Iran’s widening budget deficit, resulting mostly from fundamental budgetary issues, has raised concerns that bigger financial problems could emerge in the future for the government that is already…

A joint business forum, scheduled to be attended by Iranian economic players and their Syrian counterparts at the headquarters of Iran Chamber of Commerce, Industries, Mines and Agriculture in…

Bandar Abbas Zinc Production Company exported 4,430 tons of zinc ingots valued at $11.82 million during the first four months of the current fiscal year (March 21-July 22), registering an 84%…

All four Iranian exchanges, including Tehran Stock Exchange, Iran Fara Bourse, Iran Mercantile Exchange and Iran Energy Exchange, will be closed on Saturday, the head of International and Public…

Steel trade wars are looming across the world, as over 150 lawsuits were filed just last year.

Iran’s largest flat producer Mobarakeh Steel Company was recently caught up in an escalating…