Economy

Iranian Aluminum Company produced more than 135,230 tons of aluminum ingots during the nine-month period of the current Iranian year (March 21-Dec. 21), indicating only a 0.13% drop in production…

The Russian Roststelmash Company, a producer of agricultural equipment, has expressed readiness to sell 150 vector combine harvesters to Iran, announced the company’s CEO, Valeriy Matsev, on…

Tehran Stock Exchange’s all-share index TEDPIX inched up 17.90 points or 0.03% to close Monday trade at 61,728.1.

Over 575 million shares valued at around $34 million changed hands to…

The Iranian government is streamlining its foreign exchange operations to help the central bank manage the foreign exchange rates, as low oil prices, coupled with ongoing sanctions on oil and…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 2,220 tons of C hot-rolled sheets, 2,200 tons of B hot-rolled sheets, 1,000 tons of B cold-rolled sheets and…

The main advantage for Iran’s paint production sector is the availability of cheap petrochemical and oil products, managing director of Shadan Chemical Company said.

Mohammad Ali Asasi…

Iran will start genetic modification of shrimp, carp and trout in cooperation with Brazilian and Hungarian experts in the fourth quarter of the current Iranian year (to end March 19, 2016), said…

Dhaka is in talks with Tehran to set up a fertilizer plant in Iran, says Bangladeshi Industries Minister Amir Hossain Amu. As per the proposal, the plant, which is expected to manufacture 700,000…

The goods and services Consumer Price Index for rural areas in the 12-month period ending December 21, which marks the end of the Iranian month of Azar, increased by 12% compared with last year’s…

The new direct taxation law will cut income taxes to make Iran’s business environment more competitive, the head of National Iranian Tax Administration said on Tuesday. The top end of personal…

Danish Foreign Minister and Deputy Prime Minister Kristian Jensen is in Tehran at the head of an economic delegation to meet Iranian political and economic officials to discuss bilateral…

Algeria is considering using the engineering prowess of Iranian firms to help the North African country build 23,000 kilometers of roads and highways.

This was announced by Algeria’s…

Iran is "raising the barriers against imports" for the next Iranian year (starting March 20, 2016) to stabilize the economy, Deputy Minister of Industries, Mining and Trade Valiollah Afkhamirad…

Recently lawmakers rejected the bill to establish dozens of new special economic zones, arguing that the move, in the runup to the parliamentary elections, might be politically motivated.

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Europe’s car market is set to expand this year for the third straight year driven by a continued recovery of key southern European economies, following a strong 2015 that topped even the most…

Tesla Motors Inc. delivered 17,400 vehicles in the fourth quarter, hitting its target of at least 50,000 vehicles for the year. The maker of electric cars and energy storage devices reached a…

While reassuring their customers of the genuine quality of Audi products in Iran, Ramak Khodro has declared in a new statement that the procedures followed by the company have been confirmed by…

Iranian Insurance firms will offer air pollution coverage following the record air pollution in the capital in recent days, an official at the Iranian Insurers’ Syndicate said on Saturday. Ali…

A prominent economist has played down the inflationary impact of the new credit cards saying though the credits will stimulate consumer spending, its inflationary impact will be paltry.

Foreign exchange rate projection in next year’s budget (2016-17) will not pose any major challenge to the Central Bank of Iran to bridge the gulf between the official and market forex rates, a…

Iranian banks should get ready to play a more effective and efficient role in the economy in the coming months when the international sanctions are eased,    Valiollah Seif,…

Bank Maskan (housing bank) has launched the Housing Premium Fund to provide homebuyers with additional loans of 400-600 million rials ($13,200-$19,900) based on the areas where they dwell.

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Bank Pasargad Iran rewarded all the participants of its 180-second film festival with its shares. According to BPI website, the winners received 40-60 million rials ($1,327-$1,991) as well as…

Most fruit juice and liquid concentrate factories in Iran were set up in the past three decades, making them one of the most advanced domestic production sectors with the highest international…

Data is the lifeline of the modern economy.

The movers and shakers of business base their decisions on transparent and reliable data. Tech startups are analyzing mounds of information to…