Economy

Pars Khodro car manufacturing company produced 110,200 vehicles in the last Iranian calendar year (which ended March 20), registering 82.3 percent growth compared to the year before, Armin…

The ministry of industry, mine and trade has announced its new car production target of 1.4 million vehicles by the fiscal yearend (March 20, 2016).

The fall in the value of the euro against the Iranian rial from 45,000 to 35,000 during the past 11 months has boosted sales of European cars in the Iranian market. In comparison Japanese, Korean…

Despite the sanctions imposed by the West on Iran’s economy, 800,000 tons of cargo was in transit via railway during the past Iranian year (ended March 20), which shows more than 50% increase…

Close to 806,000 metric tons of non-oil goods, valued at $308 million, were exported via Iran’s northwestern Astara port during the past Iranian calendar year (ended March 20), managing director…

The pharmaceutical industry is enjoying a steady market after the prices were reduced, import of low-quality products banned, and almost all drugs were made available, IRNA reported.

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The agriculture minister says agreements have been signed with Russia and China to prepare the ground for the export of high protein food like shrimp between Iran and the two countries, Mehr news…

More than 2,400 tons of hand-woven carpets worth $20 million were exported from the central Isfahan Province in the past Iranian calendar year (ended march 20), which indicates a $2 million rise…

More than 4,000 cooperatives were registered during the past Iranian calendar year (ending March 20), creating more than 57,300 jobs across the country, based on statistics released on Tuesday by…

The increase in housing prices will be less than the inflation rate in the current Iranian calendar year (started March 21), said the head of Tehran’s real estate union, stressing the need to…

According to Article 44 of the Iranian Constitution, amended in 2004, the economy of Iran is to consist of three sectors: state, cooperative, and private.

Iran has no plans to lift the ban on the import of Indian rice, said deputy agriculture minister, Ali Ghanbari, ISNA reported on Tuesday. Meanwhile, head of the Iranian Rice Importers Association…

Close to 1,000 metric tons of pistachio, valued at $12 million, has been exported via Semnan customs to Persian Gulf countries, Iraq, Afghanistan and Russia during the past Iranian…

Asia and Europe account for slightly more than 97.95 percent of Iran’s total imports over the 11 months of the previous Iranian year (ended march 20), leaving the other three continents with $48.…

The 22nd Exhibition of Personal Care Products and detergents – the biggest such event in the whole Middle East – will open April 24, on Tehran’s international permanent fairground, hosting 210…

The Central Bank of Iran (CBI) will do everything in its power to alter deposit rates, and the matter will not rest until certain preconditions are met, said Hamid Tehranfar, CBI’s supervision…

Developments in the Iranian currency market in the past days hardly indicate that the recent nuclear agreement has had any effect on the market, an economist argued.

Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers.

Sanctions and loose monetary policy under former President…

Last year was bleak for shareholders in Tehran. Risk aversion was high. Money sipped away from the equity markets as banks soaked up deposits. Heavyweight industries in the Tehran stock Exchange,…

Iran Insurance Company (IIC) will increase the compensation payment ceiling for Compulsory Motor Third Party Liability Insurance (CMTPL) to 2.2 billion rials ($78,000 at official exchange rate)…

The Tehran Stock Exchange (TSE) overall index lost steam Tuesday amid skeptical sentiments and overreactions.

A  report released by the International Monetary Fund (IMF) this week showed a growing interest in Islamic banking among the lenders, which is expanding in much of the world. Last October,…

The Iran Alloy Steel Company (IASCO) produced more than 419,000 metric tons of alloy steel in the Iranian calendar year 1393 (ended March 20), indicating 8% growth compared to the previous year,…

Ilam Cement Company exported more than 1 million metric tons of cement during the past Iranian calendar year (ended march 20), IRNA reported. A company official, Hassan sabbagh-Bigdeli spoke of…

Google has announced that it has been in intense talks with Hutchison Whampoa, the owner of Britain's Three network to allow US citizens to use their phones in Europe at no extra cost, the…