Economy

Maruti Suzuki, the joint Indian-Japanese automotive company, has announced it will be showcasing a latest vehicle in Germany's Frankfurt Motor Show this week.

Negotiations with major European car manufacturers have begun for the production of automobiles to join Tehran's taxi service fleet, according to the deputy mayor and director of Tehran Traffic…

Transportation and Fuel Organization plans to decommission 19,000 old vehicles by the end of the current Iranian year (March 19, 2016).

In the past seven years, only 1,200 heavy vehicles…

Attempting to export chicken and eggs to Russia is a mistake, says the chairman of the Union of Egg Laying Hens of Tehran. “Transportation costs and the significant distance, coupled with Russia’s…

In a meeting with a high-ranking delegation from Pakistan’s Punjab on Saturday, the head of Trade Promotion Organization of Iran put forth the idea of conducting transactions in leather, food and…

Iraq’s Minister of Finance Hoshyar Zebari visited Tehran on Saturday and met his Iranian counterpart Ali Tayyebnia to discuss bilateral trade and investment issues.

A 30-member delegation of Omani traders and business owners visited Hormozgan Province’s Shahid Bahonar Port on Friday.  Following their visit, senior managers of Oman’s National Ferries…

Tightening policing measures alone is not enough to curb smuggling, said the chairman of Khorasan Razavi Textile Industries Association, adding that producers should be incentivized to manufacture…

Grapes may not be as popular as oranges or apples but they have their own fans among Iranians.

To grow grapevines, most vineyards in Iran employ a traditional method in which the plant is…

Iran, China, Russia, the US, Brazil and South Africa are the only countries to tap into electric arc furnace technology in their blast furnaces, said the caretaker of Kashan Governor’s Office…

A bumpy ride at Tehran Stock Exchange on Sunday ended with TEDPIX picking up 9.6 points or 0.01% to close at 64,506.6.

Close to 51,000 tons of vacuum bottoms from four local suppliers were offered on Iran Mercantile Exchange’s oil and petrochemical trading floor on Sunday.

As IME reported, the floor also…

CEO of National Iranian Copper Industries Company, Ahmad Moradalizadeh, in the opening ceremony of the second phase of Sarcheshmeh Copper Complex concentration units, said the new development…

Cooperatives in rural areas will be eligible for loans amounting to four times their deposit(s) with 3% interest rate, deputy to First Vice President Isha’q Jahangiri  said.

Capital markets will not grow of their own accord unless economic reforms are introduced and required infrastructure is in place, head of the Money and Capital Market Committee of Tehran Chamber…

Governor of the Central Bank of Iran Valiollah Seif Saturday renewed his pledge to allow the market pressure play a key role in setting the value of the rial. Seif criticized moves by the previous…

Head of the Audit Organization Akbar Soheilipour on Sunday expressed alarm at the insignificant number of Iranian companies whose books had been audited after they had filed their tax return with…

Central Bank of Iran data shows money supply by the end of the first quarter of the Iranian fiscal year (started March 21) grew to $272 billion ( 816,000 billion rials) marking a 22.7% year-on-…

Mehr Housing units will be completed by March 2017 the deputy minister of roads and urban development said at the weekend. Ahmad Asghari Mehrabadi made the statement during an inspection tour of…

The Iranian minister of science, research and technology said the Islamic Republic invites scientists from all over the world to initiate a "collaborative program" with Iranian scientists.

Irancell, the second largest mobile network in the country, is starting a new round of sales for the prefix 0903 via the company's website sim.irancell.ir. Applicants can choose a number of their…

Iranian researchers have designed and developed a vertical take-off and landing (VTOL) aircraft with patrol, reconnaissance and rescue capabilities in addition to imaging from high levels.

Iran is building a national observatory, publishing papers on stem cells and earmarking funds for environmental research—all in the face of crippling sanctions.

Sanctions have not stopped…

Japan and Iran will begin negotiations on Monday in Tehran to conclude a bilateral investment treaty, the Japanese Foreign Ministry has announced.

Control over foreign exchange by the government, as the main holder of hard currency reserves, has impeded the setting up of a forex bourse in Iran, a member of the Majlis Economic Commission said…