Economy

Azerbaijan’s President Ilham Aliyev has issued a decree for accelerating the construction of the Azerbaijani section of the International North-South Transport Corridor in cooperation with Iran…

The second meeting of Iran-Turkey Preferential Trade Agreement Committee was held in Ankara last week where the representatives of Iran’s Trade Promotion Organization and Turkey’s Economy Ministry…

One week after the liberalization of airplane ticket fares, deputy head of Islamic Republic of Iran Railways, Mohammad Rashedi, has announced that rail fares are to rise by 8% on average as of…

More than 2,600 tons of hand-woven carpets worth $142 million were exported from March to October, which indicate a 15% and 14% decline in volume and value respectively compared with the similar…

The slowdown in exports is partly to blame on the imposition of 9% Value Added Tax on exported commodities, whereas in other countries the rate is at 3-4%, says the head of Tax, Labor and Social…

With the cooperation of private sector, a working group has been formed with a mandate to prepare a strategic paper for the textile industry, says the director general of Textile, Apparel and…

A seminar dubbed “Strategies for attracting foreign investments and introducing regulations” was hosted by the Iranian Mines and Mining Industries Development and Renovation Organization at its…

The exploration of the second iodine-rich zone in Golestan has concluded with the discovery of 1,288 tons of proven reserves, announced the head of the northern province’s Industries, Mining and…

The lifting of sanctions will take at least three to five years to have a positive impact on Iran’s mining sector growth.

The most immediate impact will be a rise in the country’s steel…

The upcoming year will likely be pivotal for Iran, as it slowly reenters the international economy.

Having reached an agreement on its nuclear program in July 2015 with the P5+1 states (the…

Trade Promotion Organization of Iran has issued a permit allowing Iran’s Customs Administration to import 106 special cars for disabled people.

The permit has been issued upon the request…

Fiat Chrysler Automobiles has agreed to pay $70 million in fines to resolve a US investigation that it failed to disclose vehicle crash death and injury reports.

Lada has introduced a brand new crossover called XRAY in its home country of Russia.

XRAY signals the company’s intent to ditch its ultra-low-cost image and move up a notch on the market.…

Faraday Future, the new electric-vehicle company backed by Chinese billionaire Jia Yueting, has chosen Nevada for the company’s planned $1 billion US factory.

“We hope to bring our $1…

A memorandum of understanding on cooperation in research projects on flowers and ornamental plants was signed between the Netherland’s Wageningen University and Research Center and Iran’s…

The 14th round of Iran-Serbia Economic Commission began in Tehran on Tuesday.

India is hopeful of boosting exports to the high–value Iranian tea market following the just-concluded visit of an Iranian team, which included officials from the Institute of Standards and…

As the largest untapped market with a very young population, the lifting of sanctions will give rise to a host of new opportunities for foreign businesses with a prior presence in Iran as well as…

Despite the slowdown in the Iranian construction industry, laminate flooring or floating wood tile has remained popular among consumers, thanks to its look of hardwood or stone flooring, ease of…

The government intends to eliminate the requirement for entrepreneurs to submit police clearance in the not-too-distant future, announced Justice Minister Mostafa Pourmohammadi on Tuesday. He…

The Second International Exhibition on Investment Opportunities in Mining, Cement, Metallurgy and Related Industries is scheduled to be held on January 26, 2016, on the southern Kish Island.

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 80,000 tons of steel blooms by Khuzestan Steel Company and 50,000 tons of C slabs on Tuesday. Iran Aluminum…

The Iranian government should increase its transparency to manage public expectations about Iran’s transition to the post-sanctions era, as overoptimism can damage the economy by creating bubbles…

The government has announced new measures to revive the tobacco industry that has long grappled with problems ranging from smuggling to monopoly, which have prevented competition and quality…

The Majlis Research Center has called on the government to take early action to strengthen the national currency and restore long-term stability in to the foreign exchange market.

It…