Economy

More than 60 million tons of oil and non-oil goods were loaded and unloaded at Iran’s ports during the first five months of the current fiscal year (March 20-July 20, 2016) indicating a 12.8%…

Tehran Stock Exchange’s main index shed 190.70 points or 0.25% to end Wednesday trade at 77,167.9.

More than 505 million shares valued at $34.2 million changed hands for the day.

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Internet provider Shatel plans to sell 10 trillion rials ($281 million) of Murabaha bonds on the Iran Fara Bourse, Securities and Exchange News Agency SENA reported on Wednesday.

The…

ADY Express Company, a subsidiary of Azerbaijan Railways, has started moving cargo via the so-called International North-South Corridor.

Mobarakeh Steel Company started using domestically produced catalysts manufactured by Sarv Oil and Gas Industries Development Company in its direct iron ore reduction plant on Wednesday. According…

Germany, the third largest pharmaceutical hub of the world, is sending representatives from its pharmaceutical industry to attend the upcoming IRANPHARMA EXPO 2016 (2nd International Exhibition on…

Iran’s largest automaker, Iran Khodro Company has produced 57,879 vehicles and pickup trucks during the last Iranian month (ended August 22).

This has marked the company’s highest record…

Kermanshah, in the west of Iran, is hosting the seventh edition of a local auto expo that opened on Tuesday.  The exhibition features a range of automobiles, spare parts, and other related…

A truck carrying Takata airbag inflators and propellants (the components responsible for Takata’s 2015 recall) exploded in Texas earlier last month.

According to Reuters the truck was…

Japan’s transport ministry has announced that eight more models sold by Mitsubishi have overstated fuel economy figures, and has ordered to stop domestic sales of those models.

As the nationwide launch of credit cards by the Central Bank of Iran draws near, a private banker believes CBI is introducing the unprecedented measure to stimulate demand in the economy. …

Due to several factors including a rise in real estate deals and a notable flow of liquidity into the housing market, long-term stability in the housing sector is almost a certainty, declared the…

Export Development Bank of Iran will allocate $334 million for the expansion of the loading capacity of Chabahar port.

Head of the Management and Planning Organization said Iran is aiming for an average annual growth of 8% over the course of the next five years and to achieve this ambitious goal, the banking…

Rice topped the list of imports to Iran during the five months to August 21 as more than 563,000 tons of the crop valued at $475.7 million were shipped during the period, according to the Islamic…

Iran exported 434 kilograms of caviar worth one million dollars during the first five months of the current fiscal year (started in March). The figure indicates a 29.8% decline compared to last…

On Monday, the Islamic Republic of Iran Customs Administration surprised the business community by saying it would charge all imports a four percent tax upfront. Members of Iran Chamber of…

Secretary-general of the International Transport Corridor Europe-Caucasus-Asia (TRACECA), Mircea Ciopraga visited Iran’s southern port of Shahid Rajaie on Tuesday to survey ways to increase the…

Iran exported over 3 million tons of non-oil goods valued at $1.1 billion to India during the first four months of the current fiscal year that started in March, registering a 21% increase in…

Tehran’s Shahr-e Aftab International Exhibition Center will host an exclusive Chinese expo from September 19 to 21. Nearly 240 Chinese companies from a wide range of sectors, including…

Tehran Stock Exchange’s main index gained 13 points or 0.02% to end Tuesday trade at 77,358.6.

More than 1 billion shares valued at $51.2 million changed hands for the day.

Iran…

Lebanese Minister of Industry Hussein El Hage Hassan surveyed potential fields of cooperation in a visit to Tehran. He arrived in the capital on Sunday, heading a 70-strong economic delegation.

Iran’s OCTG (oil country tubular goods) market is dominated by seamless pipes, which accounts for more than 90% of total OCTG demand in the country. This is a pattern similar to what is seen in…

Parliament on Tuesday approved a bill on Iran’s accession to two international treaties namely the Nice Classification and the Locarno Classification, Mehr News Agency reported.

On August 28, Iran officially launched the National Information Network. But its launching has raised questions among the concerned public while prompting officials to take a clear stance in…