Economy

Esfordi Phosphate Industrial and Mineral Complex produced 14,859 tons of phosphate concentrate in the first two months of the current Iranian year (started March 20), indicating a 22% rise…

German automotive corporation Daimler AG says it is determined not to lose the Iranian market to China. The remark was made by the firm’s trucks division head, Wolfgang Bernhard, as reported by…

Iran is in talks with Iraq to reach an agreement whereby Iraqi cement producers can supply the construction material to the Syrian market while Iran meets local demand in Iraq, the head of Iran…

The recent exposures of “astronomical” salaries of CEOs and top government officials in Iran, up to 2.4 billion rials per month ($68,000 at the market exchange rate or $200,000 PPP) have put…

Iran Mercantile Exchange played host to the trading of more than 71,000 tons of goods on Saturday, including 7,303 tons of barley, 500 tons of corn, 7,600 tons of white sugar, 1,076 tons of…

Iranians annually buy up to $4 billion worth of plane tickets from foreign airlines, the minister of roads and urban development said.

“Due to the awful state of Iran’s air fleet, we have…

The pace of US auto sales slowed in June compared to a year ago, as slumping sales of sedans offset strong demand for pickups and sport utility vehicles.

The seasonally adjusted annual…

In a jointly released notification, presidential advisor Akbar Torkan and an unnamed Free Trade Zone High Council secretary informed deputy directors of Iran's Free Trade Zone Organization that…

Iran's auto sector has begun to shake up the country's Tehran Stock Exchange, according to a new report from a local brokerage firm.

According to Firouzeh Asia, this week Iranian and…

The CEO of Vehicle Inspection Center Organization has complained about obstacles in the way of privatization of the automotive sub-industry.

After unveiling the sleek Alaskan concept pickup last September, Renault has launched the production version.

Renault's first global one-ton pickup truck loses the icy look and concept-only…

A fatal accident in which the driver of a Tesla Motors' Model S car operating in Autopilot mode was killed in a collision with a truck has prompted an investigation by federal highway safety…

The chief executives of four public banks have been sacked as part of a broad government campaign to crack down on undeserving astronomical salaries.  

Economy Minister Ali Tayyebnia…

Ratings agency Fitch has visited Iran as more foreign banks show interest in working in the country six months after sanctions were lifted, according to a senior central bank official.

Muhammad Kazem Choghazardi, the CEO of Bank Sepah, announced that his bank is monitoring the ailing production sector in the country and is willing to help them with new loans.

President Hassan Rouhani announced on Wednesday he has signed the much-anticipated Banking Overhaul Plan into law, which is seen as a milestone in initiating reforms in the beleaguered banking…

A senior International Monetary Fund official expressed optimism about Iran's ability to increase global confidence in its economy, after months of international reluctance to invest and trade…

Iranian steel mills have realized close to half of the crude steel production capacity target set in the 20-Year National Vision Plan (2005-25), according to Iranian Mines and Mining Industries…

Stock markets remained stable as volatility subsided in the last week of June, as Iran’s isolation shielded it from the global turmoil that rocked markets after British voters decided to leave the…

Iran Mercantile Exchange has become a member of World Federation of Exchanges, the head of Iran Securities and Exchange Organization, Mohammad Fetanat, announced on Thursday. According to Fetanat…

The size and deals struck by the South Korean mission that recently visited Iran show how the East Asian country sees and values the Middle Eastern country.

Iran’s sugar reserves are sufficient to meet domestic demand, the deputy head of Government Trading Corporation of Iran said. “The government has no problem in feeding factories and controlling…

Palm oil imports registered an average annual rate of 400,000 tons over the past two years, indicating a 57% decrease compared with the preceding two years, according to Iran’s Food and Drug…

With Britons having voted to exit the European Union, Britain could eventually expand its trade with Iran that is hungry for foreign investment, especially in its energy sector.

Roads and Urban Development Minister Abbas Akhoundi said Iran is under no obligation to buy Airbus A380 superjumbo jets.

The order for the double-decker jetliners grabbed attention in…