Economy

The plans and policies devised in the Banking Overhaul Plan—signed into law by President Hassan Rouhani earlier this month—show that the country’s economic officials, including the economy…

Iran exported more than 7,800 tons of non-oil goods valued at $13 million to the UK during the first four months of the current Iranian year (March 20-July 21), which shows an increase of 16%…

Iran-South Korea relations should move beyond trade and expand into cooperation in different fields of science, industry, agriculture and medicine, says the Korean Ambassador Kim Seung-ho. He…

Turkey’s trade with Iran has increased 30% since the lifting of sanctions, Turkey’s customs minister said on Wednesday. Bulent Tufenkci also said Iranian and Turkish companies were working on…

Agriculture Minister Mahmoud Hojjati says plans are underway to produce different varieties of hybrid seeds inside the country, including those for water intensive crops like melons and tomatoes,…

A total of 27 out-of-service planes are being removed from airports to free much-needed space for new jets as Iran renews its ageing fleet hurt by years of international sanctions.

Iran’s geostrategic location, along with its historic role as a conduit for the exchange of goods — especially its position on the ancient Silk Road — has made the country one of the most active…

Tehran Stock Exchange’s main index shed 177.9 points or 0.23% to end Wednesday trade at 78,190.5.

More than 689 million shares valued at $88.4 million changed hands for the day.

Iran…

Iran plans to stop non-agglomerated iron ore shipments exports in the near term given the need of local steelmakers and the declared aim to increase  export of high value-added products.…

Iran plans to become the world’s 6th largest producer of steel as per the 20-Year National Vision Plan, which stipulates annual capacity expansion of 55 million tons of crude steel by 2025.

At a meeting earlier this week to address the challenges of the domestic cement industry, it was suggested that cement be used instead of bitumen in building roads and pavements in a new bid to…

More than 100 tons of smuggled fruits were destroyed in West Azarbaijan Province’s city of Bazargan on the Turkish border last week, director of the Plant Protection Organization Ali…

The first motor tourism rally for women drivers will start on August 24 at Tehran’s Sa’dabad Complex.

Racers will take a route that runs through the provinces of Alborz and Qazvin and…

Verizon Communications Inc’s recent purchases of two vehicle tracking firms could spark more deals, as the No. 1 wireless provider and rival AT&T considers fleet management as a source of…

Arya Diesel has imported new models of China’s C&C trucks known as the U480. With fuel consumption averaging at a record low of 31.98 liters of diesel per 100 km, the 480 hp C&C U480 truck…

Central Bank of Iran’s recent decision to legalize gold exports will not impact prices since “gold prices fluctuate in tandem with global prices rather than the volume of our country’s gold…

Iran and Georgia have had their share of ups and downs before coming to the point of improved cooperation. Iran was among the states to acknowledge the independence of Georgia in 1992. Since that…

More than 9.6 million tons of iron ore concentrate was produced during the first four months of the current Iranian year (March 20-July 20) ), which indicates a 16% rise compared to same period…

The 16th International Building and Construction Industries Exhibition -- Iran Confair 2016 – will be held in Tehran August 12-15.

Iranian steelmakers exported more than 2 million tons of steel products during the first four months of the current Iranian year (March 20-July 20), posting a whopping 77% increase compared to…

Tehran Stock Exchange’s main index gained 43.50 points or 0.06% to end Tuesday trade at 78,368.4.

More than 781 million shares valued at $63.8 million changed hands for the day.

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A member of Majlis Budget Commission announced that based on Act 35 of amendments to the Budget Law of 2015-16, the government will now be able to use forex resources to clear out 350 trillion…

The number of home sales in the current fiscal year (started March 20) has been on the rise, but that does not necessarily mean the housing sector has successfully managed to escape recession, the…

Banks doled out 934 trillion rials ($30 billion at market exchange rate) to various economic sectors in the three months ending June 20, with the industry and mining sector grabbing 30% of the…

China has raised import tariffs on certain agricultural products, including Iran’s saffron, says Seyyed Hashem Naqibi, an official with Khorasan Razavi Agricultural Jihad Organization. This is…