Economy

Iran exported 9.2 million tons of non-oil goods worth $3.2 billion to Turkey during the seven months ending October 21, registering a whopping 316% jump in value compared with last year’s…

The 12th session of Iran-Indonesia Economic Commission is due to convene in Jakarta today, says Iran’s Ambassador to Indonesia Valiollah Mohammadi Nasrabadi. Iran’s Minister of Communications and…

Iran’s textile industry is currently operating at 30% of its capacity due to the recession and lack of demand in the domestic market, the head of the Association of Iran Textile Industries said.…

West Africa’s Cote d’Ivoire has received 20 units of Iran Khodro’s Samand and Runnas in the past week, according to a report from Tehran. High-ranking officials from both countries took part in a…

Zamyad, a subsidiary of SAIPA, reported a 940% rise in its output compared to last year, according to a company release this week.

The company produced 47 pickup trucks during the first…

Since the signing of the historic Joint Comprehensive Plan of Action in November last year, the Islamic Republic’s automotive industry has begun to adapt to a more liberal playing field, at least…

Iran exported more than 66 tons of saffron worth $96.7 million during the seven months to October 21, registering a 15% and 14% increase in weight and value respectively compared with last year’s…

While the government’s debt to the central bank has soared significantly in the current fiscal year, head of the CBI Economic Department denied any move by the Rouhani administration that is…

Austria’s export credit agency, OeKB, will probably start covering trade with Iran from early 2017, said Christian Benger, the economy minister of the government of Carinthia. OeKB raised the cap…

Munich Re, the world’s top reinsurance company, is prepared to offer reinsurance coverage for life insurance and non-life insurance categories to Iranian firms.

The recent €50 million cut in the minimum capital requirement to set up a bank in the free trade zones has prompted foreign investors to accept conditions set by the Central Bank of Iran and…

The US dollar bought 37,020 rials on Tuesday, jumping by 0.5% or 200 rials compared with yesterday’s close, according to Tehran Gold and Jewelry Union’s website. Central Bank of Iran’s Sana system…

Air pollution and schools’ shutdown and gray cities—the same themes run through the second half of each year (October-March) in Iran.

The Football Federation of Iran has received a fraction of its blocked money at the Federation Internationale de Football Association.

The FIFA fund was awarded to teams that reached World…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in Italy on Tuesday to attend the opening of Iran’s exclusive exhibition dubbed “Iran Country…

Heading a 50-strong commercial delegation, Slovenian President Borut Pahor arrived in Tehran on Tuesday morning and was officially greeted by Iranian President Hassan Rouhani.

In the…

The average goods and services Consumer Price Index for urban areas increased 7.5% in the 12-month period ending November 20, which marks the end of the Iranian month of Aban, compared with last…

New Zealand’s Minister of Trade Todd McClay, heading a delegation comprising representatives from 17 private sector companies, is scheduled to visit Tehran next week to meet with high-ranking…

The website for online census registration will be reopened from 8 a.m. Wednesday until 12 a.m. Thursday for Iranian households that were not responsive to census officers and are considered…

More than 1.6 million tons of mineral products valued at $190.4 million were exported from Hormozgan Province during the seven months to October 21, registering a 87% and 37% growth in volume and…

Tehran Stock Exchange is testing the idea of creating foreign currency-denominated bonds, says Rouhollah Hosseini-Moqaddam.

Over 14.8 million tons of crude steel were produced in Iran during the 10 months of 2016, registering a 9.6% increase year-on-year, the latest report released by World Steel Association shows.

Tehran Stock Exchange’s main index gained 75 points or 0.09% to end Tuesday trade at 79,393.9.

More than 644 million shares valued at $49.9 million changed hands for the day.

Iran…

The offer to sell a 17% equity stake in Iran’s Esfahan Steel Company attracted no bids by the Nov. 16 deadline, the Iranian Privatization Organization said in a statement.

It is the second…

Out of 1.4 million tons of vegetable oils imported to Iran annually, close to 760,000 tons are palm oil, according to a member of the Majlis Agriculture Commission, Abbas Papeyzadeh.

Palm…