Economy

More than 4.3 million tons of steel produced by Mobarakeh Steel Company during the seven months of 2015 indicate a 9% increase compared to the similar period of last year, says the company’s…

Tehran Stock Exchange’s main index dipped 241.5 points or 0.37% to stand at 64,225.8 on Monday. According to TSE data, the Price Index lost 95.5 points or 0.37% to settle at 25,389.2. The First…

Isfahan Steel Company offered various forms of steel sheets on Iran Mercantile Exchange’s industrial and mining trading floor on Monday.

The Ministry of Industries, Mining and Trade has finalized a comprehensive plan to combat smuggling, said Industries Minister Mohammad Reza Nematzadeh at a press conference held in Tehran on…

  The recent US appeals court ruling to confiscate Bank Melli’s assets is not a “new issue,” bank’s CEO Abdolnasser Hemmati said, adding that the lender would pursue the matter through its…

Hadi Salehi Esfahani, an academic with Illinois University at Urbana, Champaign, has predicted that all major foreign currencies will lose some value against the rial in the medium run once Iran’s…

The government is moving ahead with the plan to launch a debt market through a cooperative partnership involving the Central Bank of Iran, Economic Coordination Council and Management and Planning…

The Central Bank of Iran will soon submit a report to the Money and Credit Council that seeks to make leasing interest rates competitive, a CBI official said on Sunday.

The parity rate of the Iranian currency rial against the US dollar weakened by 0.3 basis points at 1230 GMT on Monday. The dollar was traded at 34,090 rials in the morning hours but its value…

The ongoing infrastructural development projects in Iranian ports will increase their nominal capacity by 5% to reach 210 million tons by yearend, said deputy head of Ports and Maritime…

Addressing the third meeting of Iran Chamber of Commerce, Industries, Mines and Agriculture on Sunday, Masoud Nili, senior economist and advisor to President Hassan Rouhani outlined the challenges…

Emirates Airlines’ Mashhad-Dubai flight is scheduled to take off on Tuesday, said the managing director of Khorasan Razavi Airports Company, Mohammad-Bagher Ghasem-Zadeh.

More than $361 million worth of goods were exported from East Azerbaijan in the first four months of the current Iranian year (started March 21), indicating an 8% increase compared to the similar…

Despite general reluctance in Iran to fly in Russian-made airplanes due to their poor safety record, recent unconfirmed reports say there have been discussions on possible acquisition of Russian…

South Khorasan’s minerals reserves are estimated at 2.4 billion tons, 414 million tons of which were discovered two years ago when President Hassan Rouhani took office, said the deputy head of the…

Production of mineral paper, a cheaper and more eco-friendly alternative to traditional paper, is set to get going in two months, announced the CEO of Pishgaman Asr Ertebatat Cooperative Company…

A single-digit inflation rate is achievable by the end of President Hassan Rouhani tenure, says the Minister of Economic Affairs and Finance Ali Tayyebnia, adding that “it is natural to see a slow…

The joy of riding large engine motorcycles could be just around the corner with a possible easing of restrictions after 30-plus years.

This month a dozen bikers on aged and newer models…

Volkswagen must sell its shares in estranged partner Suzuki, an international court has decided, ending a nearly four-year battle over a dysfunctional alliance between the two carmakers.

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Renault and alliance partner Nissan Motor Co. have halted plans to invest 50 billion rupees ($756 million) in India because of payments the companies say they are owed by the Tamil Nadu state…

For those on limited budgets, buying a car can be a difficult task. As inflation has ramped up over the past few years, many in Iran have been priced out of the automotive market.

Knowing…

Audi is reportedly in talks to produce a new vehicle locally. The first joint venture vehicle of Audi with IKCO will hit the market in 2017, Eghtesad News reported. IKCO and Audi officials have…

Following the news of a billion dollar loan destined to the country’s carmakers, a manager of the Central Bank of Iran has denied it is in charge of loans.

Seoul has done its best to lay a strong foundation for a prospective increase in trade and investment projects with Iran. It has convinced Tehran about its intention of being a reliable trade…

In the past two years since the government of President Hassan Rouhani took office, 4,301 industrial units have become operational in the industrial parks and zones across the country, creating…