Economy

The Ministry of Agriculture plans to transfer all vegetable farms to greenhouses within 10 years, a deputy minister said.

“As such, some 10 billion cubic meters of water will be preserved…

Iran’s iron ore concentrate production increased in the first 10 months of the current Iranian year (March 20, 2016–Jan. 19, 2017) owing to better export demand and higher domestic steel…

Tabas Parvadeh Coal Company’s expansion projects put out to tender have attracted investments worth €250 million, according to the company’s development project manager, Omid Fallah.

An economic delegation led by New Zealand’s Primary Industries Minister Nathan Guy is scheduled to arrive in Tehran on Saturday to scope out trade opportunities in agriculture and dairy industries…

Given its strategic geographical position, Iran can act as the facilitator of transportation and transit in the region and the world.

Alborz Province exported agricultural products worth $75 million during the six months to September 21, said the chairman of Alborz Agricultural Jihad Organization.

“In the last Iranian…

Mouteh Gold Mine produced 295 kilograms of gold bars in the 10 months to January 19, registering a 45% growth compared with last year’s corresponding period. The mine’s output for the Iranian…

Iranian steel mills produced 1.52 million tons of crude steel in January, registering an 11.3% growth compared with last year’s similar month. 

By coming into line with the Central Bank of Iran’s attempts to implement IFRS standards, the Iranian banking sector’s structural issues have delivered a painful blow to investors on equity…

Tehran Stock Exchange’s main index gained 47 points or 0.06% to end Wednesday trade at 77,847.2.

About 1.2 billion shares valued at $55.7 million changed hands for the day.

Bahonar…

Daimler Benz will open its first factory in Russia in the first new investment by a major western automaker since sanctions were imposed on the former Soviet country three years ago.

The…

Tehran authorities are moving ahead with plans to force parents to buy and install booster seats for children when they travel in cars.  

In the near future, if a child is not seated…

IKCO has achieved EAC certification for its cars, allowing the company to develop new export markets and revive its former position in markets including the northern CIS countries and Russia.

Pictures have emerged online showing a Tehran car license plate ending with ‘10’ – the newest version to be released in the capital – attached to the latest BMW 7 series.

A new directive concerning direct tax regulations has been issued, which enables the Iran National Tax Administration to identify taxpayers and their incomes, announced an official with INTA. “The…

Bank Mellat has released its first financial projections for the next Iranian fiscal year on earnings per share and total revenue.

Shaparak, Iran’s nationwide payment network, processed 1.09 million successful transactions worth 1,258 trillion rials ($32 billion) during the month ending January 19, marking a 30% growth in…

The Iranian Parliament approved the outlines of the budget for the new Iranian year (March 2017-18) on Tuesday. 

A total of 111 lawmakers voted in favor while 70 were against the…

The Central Bank of Iran has denied recent reports that put the interbank lending rate at 26%, stressing that its average is considerably lower.

"The average for interbank rates stands at…

Iranian private steelmakers produced 3.42 million tons of crude steel during the 10 months to January 19, registering a 45% rise compared with last year’s corresponding period, Iran Steel…

Iran Steel Producers Association has voiced its opposition to plans to reduce import tariffs on a number of steel products in an open letter to the First Vice President Es’haq Jahangiri last week…

Two trillion rials (about $54.5 million) worth of contraband were confiscated by the Islamic Republic of Iran Customs Administration during the 11 months to February 18, registering a 56% rise…

Tehran Stock Exchange’s main index gained 102.00 points or 0.13% to end Tuesday trade at 77,800.2.

About 2.3 billion shares valued at $87.2 million changed hands for the day.

Bafgh…

Biotechnology is an indispensable tool to ensure food security in Iran, the head of Iranian Genetics Society said.

According to Mahmoud Tavallaee, traditional agriculture only meets 35-45%…

Some 3.8 billion cigarettes were imported during the 11 months to February 18, indicating a 73% decline compared with the corresponding period of last year, said the head of Tobacco Planning and…