Economy

No one doubts that Iran has potential. With almost 80 million people, it is the world’s 17th-most-populous market.

The country has competent farmers, carmakers, drug firms and a fairly…

The earthy smell of silk and wool fills a showroom piled with thousands of hand-woven rugs. It is a familiar scent, one that links this shop in LA’s Westwood neighborhood to Tehran’s bazaars 8,000…

c in the territory of Armenia, the latter’s Agriculture Minister Sergo Karapetyan said on Friday during a meeting with Iranian Ambassador to Armenia Seyyed Kazem Sajjadi. Sajjadi said the export…

Vietnam’s Ambassador to Iran Tran Trong Khanh says the southeast Asian country’s 64 million population could be a good market for Iranian products. “Vietnam has skilled workforce in a variety of…

Paraguay is banking on Iran to increase its meat exports in early 2016 amid a huge surplus, said the South American country’s deputy agriculture minister, Marcos Medina.

Russians have promised to cut import tariffs on Iranian goods during the 12th session of Iran-Russia Economic Commission held in Moscow earlier this month, announced the head of Iran-Russia…

As many as 20 Chinese companies will invest $150 million in Salmas Special Economic Zone, located in West Azarbaijan, according to the head of the province’s Investment Services Center, Mohammad…

Tehran Stock Exchange’s main index lost 99.20 points or 0.16% to settle at 62,635.4 on Saturday.

Over 423 million shares changed hands valued at $29 million to record close to 10% rise in…

Economists warn against a double-dip recession in Iran’s economy.

Despite data by the Statistical Center of Iran—one of the two bodies producing economic data, the other being the Central…

Negotiations are underway with cement factories to stop production for the first two months of winter (Dec. 22–Feb. 19), a member of the board of directors of Cement Industry’s Employers…

The Central Bank of Iran will reimburse banks for the auto loans, as soon as they present the sales documents, said the head of CBI’s Credit Department.

Ali Asghar Mirmohammad Sadeqi added…

The first Bentley Bentayga–Bentley’e even more upmarket challenge to the Range Rover’s luxury SUV–has been built at Bentley’s United Kingdom Crewe Plant.

Qoros, a Chinese carmaker, has unveiled the newest model in their vehicle lineup, the Qoros 5 SUV.

The all-new vehicle is the first midsized SUV from the car manufacturer. It made its…

Due to illegible number plates, a total of 27,616 vehicles have been impounded in the first eight months of the current Iranian year (started March 21), said the head of the Information Center of…

Kia Motors has revealed the updated exterior styling of the South Korean all-new Kia Cadenza (known as “K7”) in the first official photos of the new model. It boasts a new design and will feature…

The official exchange rate touched a new frontier on Thursday in yet another indication that the Central Bank of Iran is seriously looking into unifying currency rates.

Iran will see the highest economic growth in the Middle East and North Africa as of next year, Minister of economy Ali Tayyebnia said Thursday.  

The Central Bank of Iran has started allocating funds for the 250 million rial ($8300 at the official exchange rate) auto loans among banks as a part of the government’s stimulus package, said the…

Members of the board of directors of Iran Chamber of Commerce, Industries, Mines and Agriculture, and their counterparts from Istanbul Chamber of Commerce discussed areas of mutual interest,…

Iran is the world’s seventh biggest producer of honey with the production of 78,000 tons per annum, said an official with the Ministry of Agricultural Jihad. Habib Amini added that the country…

Iran’s agricultural trade registered a drop in imports and an increase in exports during March 21-October 22.

Iran’s Parliament has ratified the nuclear deal with the West, which initiates steps toward the sanctions relief within, by most estimates, the first half of next year.

Thailand’s Commerce Ministry said on Thursday it expects to sell 200,000 tons of rice to Iran, following a visit by its delegation to the Middle Eastern country.

Iran’s non-oil imports during the eight-month period ending November 21 stood at about $27.30 billion, which registers a 20.95% decline compared to the corresponding period of last year, the…

With the benefit of hindsight, it should be said that oil prices plummeting to historic lows is not all gloom and doom.

The declining pattern that started from the summer of last year has…