The first major foreign investment project in the Iranian steel industry has come on stream.
The Italian Danieli Group’s steel machinery production plant was inaugurated on Tuesday by…
Economy
Economy
More than 5.81 million tons of agricultural products worth close to $5.69 billion were exported from Iran in the last fiscal year that ended on March 20, registering a 21.8% and 3.6% growth in…
Economy
Iran will hold a presidential election in less than three weeks. The six candidates approved on April 20 by the country’s Guardians Council will likely center their campaigns on what matters most…
Economy
The average annual income of Iranian households in urban areas stood at 278.87 million rials (about $7,411 at current exchange rate) and their expenses at 264.4 million rials ($6,973) in the…
Economy
About 617 tons of ice-cream sticks worth $993,000 were imported into Iran in the last fiscal year to March 2017, registering a 66.5% and 77.5% decline in weight and value respectively compared to…
Economy
Iran Air’s new Airbus A330 performed its first international flight on Wednesday.
The aircraft departed from Tehran’s Imam Khomeini International Airport at 8:02 a.m. and landed at…
Economy
A Mercedes-Benz AMG GTS has been spotted in Tehran’s northern Tajrish area on May 2, according to car fans who say the high-end sports car is the first of its kind in the capital.
Economy
Opel will use French PSA Group’s technology in the next generation of its Corsa subcompact car, a company spokesman said, confirming a newspaper report.
The current Corsa is built with…
Economy
French new-car registrations fell 6% to 171,879 in April with two fewer selling days in the month, French car industry association said in a statement on Tuesday.
Taking into…
Economy
Samsung Electronics Co. has got permission from South Korean authorities to domestically test a self-driving vehicle fitted with its electronic parts and software, as the tech giant aims to muscle…
Economy
With around $43.7 billion, consumer goods accounted for 14% of Iran’s total imports over the last fiscal year that ended on March 20, 2017, the head of Trade Promotion Organization of Iran said.…
Economy
Economy Minister Ali Tayyebnia said the effects of the country’s recent economic rebound will soon be felt more tangibly in the lives of ordinary Iranians, reversing a period of slowdown that…
Economy
The implementation of the national scheme of moving all government accounts to the Central Bank of Iran will bring all the resources to a central treasury that the government can oversee, said the…
Economy
The trend of Iranian banking system in recovering non-performing loans has gained momentum and brought the NPL ratio close to international standards, the chief executive of Export Development…
Economy
The Hamburg-based Iranian-European Bank (EIH), affiliated with Iran’s Bank of Industry and Mine, has managed to raise its transactions to €2.5 billion after reconnecting to SWIFT (the…
Economy
Tehran Stock Exchange’s main index gained 115.50 points or 0.14% to end Tuesday trade at 79,942.1.
More than 1.2 billion shares valued at $60.6 million changed hands for the day.
…
Economy
Semi-finished casting products had the largest share in Iran’s steel exports in the last Iranian year (March 2016-17).
These products are intermediate castings produced in a foundry, which…
Economy
The International Union of Railways (UIC) is holding a two-day Middle East session in Tehran. The UIC Regional Seminar, which opened on Tuesday, is organized by the Islamic Republic of Iran…
Economy
Iranian authorities have made new decisions with regard to import regulations for curbing rampant smuggling of clothes into the country.
According to the Headquarters to Combat Smuggling of…
Economy
The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said…
Economy
Some 76,500 tons of rice worth $52.9 million were imported by the Government Trading Corporation of Iran during the 11 months to February 18, indicating a 23.3% and 24.4% decline in tonnage and…
Economy
Parliament Speaker Ali Larijani believes the government of President Hassan Rouhani has made tangible efforts to salvage closed factories.
“The revival of abandoned factories is the country…
Economy
The overall index of Tehran Stock Exchange closed at 77,230 at the end of the last Iranian year (ended March 20, 2017), showing a 2,900-point drop from the last day of fall (Dec. 20, 2016).
Economy
The government has decided to appoint Farhad Parvaresh, CEO of the flag carrier Iran Air, as Iran’s new permanent representative to the International Civil Aviation Organization, according to…
Economy
Swiss bank Credit Suisse AG has deployed 20 robots in its offices, some of which are helping employees answer basic compliance questions, the bank's global markets chief executive, Brian Chin,…
Economy
