Economy

The Tourism Holding Company has received proposals from renowned international groups to build 30 hotels in Iran.

Close to 1.7 million tons of non-oil goods valued at $670 million were exported to Japan during the seven months ending October 21. The export value stood at a meager $23 million in last year’s…

Iranian firms manufactured more than 111,000 tons of tires and inner tubes during the first half of the current Iranian year (started March 20), which indicates a 14% rise over last year’s…

Iran-Iraq border crossings of Mehran in western Ilam Province and Shalamcheh in southwestern Khuzestan Province will be closed to cargo transportation from November 14 to 21, as the number of…

Iran’s Minister of Roads and Urban Development Abbas Akhoundi met with his Chinese counterpart, Li Xiaopeng, in Beijing on Monday to discuss avenues of expanding cooperation in the transportation…

Iran Khodro was followed by its main rival, SAIPA—the second largest auto manufacturer in Iran—in terms of cars sold in the Iranian market.

Donya-e-Eqtesad, the sister newspaper of…

Iran Khodro is looking beyond traditional markets and is keen on marketing its low-cost vehicles in the Nigerian market.

Olusegun Awolowo, director of Nigerian Export Promotion Council,…

As long as the Iranian National Standards Organization certifies the quality of a car, its production should not stop.

Nayyereh Pirouzbakht, the head of INSO, noted that there are a set of…

China’s Great Wall Motor, the maker of the communist country’s top-selling sport utility vehicles, plans to launch a new high-end brand next week, the latest attempt by a Chinese automaker to…

The two largest Iranian auto manufacturers, Iran Khodro and SAIPA, owe 40 trillion rials ($1.1 billion) to parts manufacturers, according to officials at a recent press conference.

Pars Khodro, a subsidiary of SAIPA, plans to bring another Chinese-derived Brilliance model to Iran in January. The new car, which is part of the same family of the other Brilliance models,…

Addressing renewed calls for dropping three zeros from Iran’s national currency, Ali Tayyebnia, the economic minister, supported the move. He, however, was soon to add that the time is not…

The Central Bank of Iran has issued a directive requiring travelers and truckers in  transit entering the country to declare currency valued over $10,000 to the Ministry of Economy’s…

Saman Bank has started offering real estate consultancy services to its VIP customers, helping them rent property and manage their earnings. Saman, through a subsidiary company, will help…

A law that was approved nearly a decade ago and provides incentives to finance the housing sector has been officially communicated to the relevant bodies by first vice president Eshaq Jahangiri.…

Tehran Stock Exchange’s main index gained 37.80 points or 0.05% to end Sunday trade at 79,048.5.

More than 1.1 billion shares valued at $109 million changed hands for the day.

Saipa…

The Iranian Privatization Organization is selling a 20% stake in Hamedan’s Ibn Sina Petrochemical Complex to the public on Nov. 21.

IPO will act on behalf of National Petrochemical Company…

Hot rolled coil’s import prices keep on rising in Iran amid the global uptrend.

The rise in the import segment does not support the buying activity of Iranian customers, so only few deals…

Consumerism and binge shopping have become a way of life in Iran.

Nima Tabibi, in his write-up in the Persian weekly Kargadan, invites readers to reconsider their economic choices.

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Plans are underway to increase annual stone exports by 13-fold to reach $2 billion by 2020, says a member of the board of directors of Stone Association of Iran.

“The number is quite big,…

A memorandum of understanding was signed by the head of Iran Chamber of Cooperatives, Bahman Abdollahi, and chairman of Turkey’s Independent Industrialists and Businessmen Association, Nail Olpak…

Hossein Salahvarzi was appointed the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture on Sunday to fill the seat left empty after the election of Gholamhossein Shafeie as…

Some 230,000 tons of walnuts worth around $1.65 billion are produced in Iran every year from 153,000 hectares designated for the cultivation of the nut, an official with the Agriculture Ministry…

In January, senior diplomats from across the world formally announced the lifting of sanctions against Iran. In principle, this put a definitive end to 37 years of various degrees of sanctions…

Iran exported 5.1 million tons of non-oil goods worth $1.6 billion to India during the seven months to October 21, registering a 3% increase in value over last year’s corresponding period. Gas…