Economy

For the first time in Iran, Sirjan Nano Yarn and Granule Company is producing industrial yarn and granule using nanotechnology, according to the managing director of the company Babak Shayesteh,…

A two-day economic forum dubbed ‘Showcase Iran 2016’ will open in London on Monday to promote Iran’s investment opportunities among British investors.

Iran, Azerbaijan and Georgia are planning to start operating a long-delayed corridor that will carry cargo from the Black Sea – between Eastern/Southeastern Europe and West Asia – to the Persian…

The 2nd ‘Iran Mines and Mining Industries Summit: Development and Investment’, otherwise known as IMIS, is scheduled to be held in Tehran December 10-11.

The current situation in the domestic steel market has compelled most Iranian producers to shift their attention to exports. However, they need to tackle an array of problems including lack of…

The rising trend in steel pricing in Iran stopped last week, with some prices slipping back as hard currency prices strengthened. Some local sellers tried to raise prices but weak demand stifled…

Jewelry shops across Tehran and Zanjan have pulled down their shutters for three days to protest the imposition of what they say is ‘high’ value added tax on their business. The 9% VAT comes at a…

Tehran Stock Exchange’s main index gained 155.80 points or 0.2% to end Saturday trade at 79,541.4.

More than 735 million shares valued at $78.3 million changed hands for the day.

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The lifting of trade sanctions and moves to open the Iranian economy to foreign direct investment have seen a number of international car manufacturers queue up to break into the country’s rapidly…

Britain’s biggest carmarker Jaguar Land Rover said it planned to build electric cars in Britain, just two days after the government promised 390 million pounds ($484 million) of funding to support…

Iran's second largest car producer, SAIPA Corp. and semi-private Mellat Bank signed agreements to increase credit lines, providing needed resources in the area of foreign exchange, opening letters…

Almost a year after the opening of Germany’s Bavaria office in Iran, Tehran Chamber of Commerce, Industries, Mines and Agriculture opened its Munich office, TCCIMA news portal reported.

The rate of the US dollar to the rial is unlikely to reach 38,000 rials, said Hamid Zaman Zadeh, director of research department at Banking and Monetary Institute, affiliated to…

Saman Bank and DF Deutsche Forfait Group signed an MoU to cooperate in trade financing. The collaboration primarily covers the supply of financing solutions for the exchange of goods between…

The US Treasury has reassured Brazilian banks they can finance trade with Iran without fear of sanctions, opening the way to billions of dollars in potential exports of jet planes, buses and…

Officials from the Central Bank of Iran and the National Bank of Ukraine met at the CBI headquarters in Tehran to discuss expansion of banking relations with deputy governors of…

Iran exported 327,000 tons of horticultural products worth $1.2 billion during the seven months to October 21, according to deputy agriculture minister Mohammad Ali Tahmasebi. According to the…

A severe drop in temperature has cost 198 billion rials (more than $53 million) to orchard-owners in Golestan, Mehr News Agency quoted head of the northern Iranian province’s Agricultural Jihad…

About 1.4 million TEU of oil and non-oil goods were handled in Shahid Rajaie Port during the eight months to November 20, registering a 29% rise compared with last year’s corresponding period,…

The 12th session of Iran-Indonesia Joint Economic Commission officially opened in Jakarta on Friday co-chaired by Iranian Minister of Communications and Information technology, Mahmoud Vaezi and…

Iran has joined the International Convention on Temporary Admission (Istanbul Convention, 1990), the Islamic Republic of Iran Customs Administration reported.

The ATA is a system allowing…

Construction of a railway bridge across the Astarachay River near the Iran-Azerbaijan border and as part of the so-called International North-South Transport Corridor will be completed by…

The average goods and services Consumer Price Index for urban areas in the 12 months ending November 20, which marks the end of the Iranian calendar month of Aban, increased 8.6% compared with…

Data released by Iran Airports Company shows only six Iranian airports namely Tehran’s Imam Khomeini and Mehrabad international airports and the Mashhad, Shiraz, Isfahan and Tabriz airports are…

For every watch with a genuine brand in the Iranian market there are 100 counterfeit ones, according to deputy head of Tehran Watch Union.