Economy

Iran exported more than $800 million worth of food and agricultural products during the first two months of the current Iranian year (started March 20), which indicates a 4.6% increase compared to…

Some 52,000 tons of tea have been purchased from local farmers since the beginning of the current Iranian year (March 20, 2016), which registers a 37% increase compared with the corresponding…

Iran exported more than $111.6 million to and imported close to $140.6 million worth of goods from Italy during the first two months of the current Iranian year (started March 20).

It has the world’s largest gas reserves and the second-largest copper reserves, while only three other countries have more oil. Iran is open for business.

Perhaps the most striking aspect…

Automakers with operations in the UK are weighing the implications of the country’s vote to quit the EU amid warnings that Brexit will impact sales and production in Europe’s second-biggest auto…

Persia Khodro, the official firm representing BMW in Iran, introduced the company’s newest X1 model last week in a ceremony held in Tehran. BMW has a large following in Iran, with sales dating…

The pre-sales of four Nissan models will start in Iran in the second week of July, said the CEO of Jahan Novin Company, Nissan’s official representative in Iran.  

The four models…

An international group that monitors money laundering worldwide decided on Friday to keep Iran on its blacklist of high-risk countries but welcomed Iranian promises to improve and called for a one…

Tahmasb Mazaheri, a former governor of the Central Bank of Iran has warned that a surge in liquidity over and above 10% would not be acceptable in the current fiscal year that started in March and…

The Monetary Authority of Hong Kong on Friday lifted the restrictions imposed on Melli Bank Plc (MB) in respect of the affairs, business and property of its Hong Kong Branch (MBHK).  MB is…

Debts of banks to the Central Bank of Iran amounted to 836.1 trillion rials ($27.3 billion at the official exchange rate) by the end of the fiscal year that ended in March, marking a year-on-year…

Italian luxury brand Molteni has opened a flagship showroom in the Iranian capital, describing itself as a “pioneer” for design companies moving into the country following the lifting of trade…

Tehran Stock Exchange’s benchmark index shed 232 points or 0.31% during the week that ended on June 22 to close at 73,645.

More than 3.9 billion shares valued at $239.5 million were traded…

Over 29,000 tons of copper cathode and 39,000 copper anode ingots were domestically produced in the first two months of the current Iranian year (started March 20), which indicates a 7.5% rise in…

South Korea’s Daewoo Engineering & Construction, which has been engaged in the Iranian market for decades, has sought to expand its business in the country at a faster rate, following the…

The anticipated economic revival due to lifting of sanctions by the western countries, coupled with expanding automotive fleet, will drive sales of tires in Iran, a recent report by Canada-based…

Iran-Pakistan Chamber of Commerce and Industries has opened with the aim of boosting bilateral economic and commercial ties.

To promote dairy exports, the government plans to provide exporters with incentives worth an aggregate of 2,000 billion rials ($57.82 million at market exchange rate), said a deputy agriculture…

Pakistan, India, Nepal and China are busy copying the designs of Persian rugs and selling them under Iran’s name, says the head of the Union for Persian Carpet Importers in Europe. “This is…

The first international and specialized exhibition of meat and related industries, Meatex, is scheduled to be held in Tehran on November 5-8, the executive manager of the exhibition said.

In the latest developments following the lifting of nuclear sanctions, Iran has settled its debt to German export credit agency Hermes and negotiated increasing trade with Turkey.

Germany…

Iran's Ambassador to Belarus Mohammad Reza Sabouri voiced Tehran’s willingness to promote bilateral relations with Minsk in the fields of science and technology.  “Science and innovative…

The running gear market is expected to grow at a compound annual growth rate of 7.35% by 2020, with the growth in running gear being the biggest area of growth.

Scientists think the recent discovery of gravitational waves observed from the collision of two black holes may have also detected signatures of the astrophysics mystery of dark matter.

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Avatech, one of Iran's largest business accelerators, has announced its Cycle #4 is set to host new business proposals to begin their process of professional development and accelerate their…