Economy

This week Russian search engine giant, Yandex, announced it will expand operations into the Iranian market.

However, on Tuesday, a representative from the company said it had no plans to…

Esfahan Steel Company will start producing rail by the end of the current Iranian year (March 19, 2016), with the aim of reducing reliance on imports amid growing need to expand railroad…

Cigarette production during the first half of the current Iranian year dropped 30% in terms of weight compared to last year’s similar period, says Mohammad Hossein Barkhordar, director general of…

About 38,000 tons of goods worth $31 million were exported from Ardabil Province, during the first half of the current Iranian year (started March 21), indicating a 24% decrease in weight and 2%…

Ukraine is a viable source for Iran’s grain and nut imports, says head of Iran-Ukraine Joint Trade Council.

Due to its large-scale grain production, and vast fields of wheat and other food…

News of the deal reached between Iran and the West on July 14 over the scope of Tehran’s nuclear energy program and economic sanctions against the country has grabbed headlines in the world media…

The Producer Price Index in the 12-month period ending September 22, which marks the end of summer, increased 6.6% compared to the same period of last year. Mehr News Agency also cited the…

Iran’s lack of an integrated debt market is considered as a major obstacle to growth by experts who see the debt market as the best available recourse to raise money when the economy is under…

The Management and Planning Organization has approved allocation of two trillion rials ($66.7 million at the official exchange rate) for subsidizing housing loans, head of the Urban Development…

The Central Bank of Iran is pursuing two plans to facilitate commerce with the world when the international sanctions are lifted.

Interaction between supply and demand patterns and the built-up area (aka carpet area) of housing units is one of the crucial issues in housing markets. In other words, builders need to be update…

About 250,000 tons of copper will be produced by the end of the current Iranian year (March 19, 2016), to register a 17% growth compared to last year, says the managing director of National…

Iran can use its experience and expertise in the mining sector to beat its two main rivals in the region, India and China, in exploiting Afghanistan’s untapped mineral reserves, says deputy head…

Iran is the hottest emerging market in waiting. It possesses the most expansive industrial base within the region, including one of the biggest auto-manufacturing industries.

Tehran Stock Exchange ended a volatile trading day on Monday barely in green, as TEDPIX crawled up 10.50 points or 0.02% at the day’s close to settle at 62,803.3.

Toyota's premier hybrid vehicle has made its way to Iran for promotional purposes, according to a new report from a local automotive website.

Persian Khodro reports, IrToya, Toyota's…

Global tech companies are reportedly interested in working in Iran post sanctions, according to a government official.

Rouhollah Estiri, director of Technology Development in the…

Toyota has regained its global sales lead over the VW group, as its German competitor struggles with the fallout of the emissions rigging scandal across multiple jurisdictions.  The company…

The goods and services Consumer Price Index for urban areas increased 13.3% in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, compared to the similar…

The 'Social Housing' plan is in the final stages of approval as negotiations with banks for loans and provision of government subsidies are being concluded, Hamed Mazaherian, deputy minister of…

The minister of roads and urban development has proposed raising the value of ‘Jualah’ contracts from 100 million rials ($3,340 at the official exchange rate) to 200 million rials ($6,670), to…

A high court in the UK has rejected the British government's attempts to dismiss Bank Mellat's $4 billion damage claim against the UK Treasury for imposing "irrational" sanctions on the private…

The much-publicized economic incentive package unveiled by the government last week relies heavily on the banking industry, a banking official complained on Sunday.

The Organization of Islamic Cooperation’s report on the financial outlook of its member states shows that Iranian banks accounted for 40% of the global Islamic banking assets in 2014. The OIC’…

Iranian dairy products have passed Russia’s health inspections and are ready for export, says Russia’s Federal Service for Veterinary and Phytosanitary Surveillance, Rosselkhoznadzor. “To start…