Economy

Hot-rolled coils made up 39.8% of Iran’s 10.28 million-ton steel product output during the seven months to October 22, registering a 4% drop year-on-year, according to the latest data released by…

Minister of Roads and Urban Development Abbas Akhoundi appointed Mehrdad Taqizadeh-Behjati as the acting head of the Islamic Republic of Iran Railways following the resignation of Mohsen…

Iran just weathered its worst economic crisis in contemporary history, but the legacy of the crisis and eight years of mismanagement under the previous administration is affecting everything, from…

Increasing global quotes for steel raw materials and products have let Iranian billet exporters achieve an increase in deal prices for large batches, with suppliers being focused on the Middle…

Early frost has cost orange, kiwi, and livestock and poultry farmers in Mazandaran Province an estimated 6 trillion rials, 1 trillion rials and 2 trillion rials (over $157.5 million, $26.3 million…

Trade between Oman and Iran has surged since international sanctions were lifted against Iran earlier this year.

Azerbaijan and the Iraqi Kurdistan Region have temporarily banned the import of poultry and related products from Iran after two outbreaks of the highly contagious H5N8 bird flu virus were…

More than 52 trillion rials (over $1.36 billion at market exchange rate) of contraband goods were confiscated during the five months to August 21.

The confiscations were seven times as much…

Iran exported 2.6 million tons of non-oil commodities worth $1.35 billion to Afghanistan during the seven months to October 21, registering a 12% decline compared with last year’s corresponding…

National Development Fund of Iran, the sovereign wealth fund, is increasing its support for Iranian nomads through the Iranian Nomads Organization.  NDF, which invests Iran’s saved up…

The latest report by World Economic Forum titled “The Global Competitiveness Report 2016–2017” shows Iran’s Global Competitiveness Index has slipped by two notches compared to the previous report…

A directive by a subdivision of Iran's Customs Administration prohibits any car registered in free trade zones from entering the Iranian mainland.

The directive, which has been circulating…

The Regulations Bureau of Trade Promotion Organization of Iran has announced new directives for the import of cars.

The organization, affiliated with the Ministry of Industries, Mining and…

Arian Motors, the official representative of Mitsubishi Motors in Iran, reported that it has been able to sell more cars than the company’s previous year’s total sales.

An Iranian engineer has claimed to have converted a locally produced Peugeot 405 from gasoline to a hydrogen fuelled machine, according to a new video released online.

Alaeddin Qasemi…

The total amount of loans allocated to the services sector by Iranian banks in the first seven months of the fiscal year to October 22 has been more than five times the amount of loans handed out…

Parsian Insurance Company, affiliated to Parsian Bank and one of the four major private insurers in Iran, will compensate the victims of Friday’s train crash in the north central province of…

The governor of the Central Bank of Iran has analyzed recent concerns over the growth of money supply saying that private sector savings–as opposed to state deposits–comprise 95% of the liquidity…

Tejarat Bank has established relations with 60 foreign banks since the lifting of sanctions in January, said Ali Mehrpour the bank’s director for international affairs. He added that talks are…

Iranian ships and oil tankers are now free to be insured following the country's landmark nuclear deal with world powers, says the head of the Central Insurance company of Iran, the industry's…

Iran has become a major importer of corn from Ukraine as it bought over 250,000 tons of the crop in October – placing itself among the top three export markets for Ukrainian farmers, according to…

The government has bought 68,000 tons of soybeans from local farmers so far in the current fiscal year (started in March), and it is estimated that purchases will reach 120,000 tons by the yearend…

The Rural Cooperative Organization of Iran, affiliated to the Ministry of Agriculture, will purchase 60,000 tons of oranges from farmers in Mazandaran to be stored for consumption during the…

Close to 132,000 tons of bananas worth $101.5 million were imported during the seven months to October 21, registering over 63% decline both in weight and value, Eranico reported.

A memorandum of understanding to enhance cooperation was signed between the Trade Promotion Organization of Iran and the International Trade Center on the sidelines of 11th Trade Promotion…