Economy

Iran exported more than 346,600 tons of non-oil goods worth $50.1 million to Indonesia during the first half of the current Iranian year (started March 20), registering a 40% rise in value…

More than 9.7 million tons of oil and non-oil goods were transported via rail to and from Shahid Rajaei Port in the southern Hormozgan Province during the seven months of the current Iranian year…

Iran exported seafood worth $110 million during the first six months of the current fiscal year (started March 20), the head of Iran Fisheries Organization said. Hassan Salehi added that the…

Over 70% of Iranian shirt-makers are on the verge of bankruptcy with some operating at 20% of their capacity, the head of Tehran Shirt-Makers Association said. Javad Doroudian blamed the absence…

The First International Exhibition of Transportation and Logistics, Road Construction, Road Maintenance and Related Industries, otherwise known as Iran Trans Expo 2016, is scheduled to be held in…

On the northeastern outskirts of Tehran stands a building with a blue glass facade built by Pars Online, an Internet service provider run by the Fateh brothers.

It was finished two years…

Media Motors, the main distributor of MG cars in Iran, is offering sales packages for MG6 with a loan of $17,000. The car is priced at 1,370,000,000 rials ($39,000 at market exchange rate). Car…

Western European car sales fell 1% in October as the French and German markets weakened, according to industry data compiled by LMC Automotive.

Registrations last month were 1.05 million…

Mega Motor, one of Iran’s largest auto parts manufacturers, has broken its previous daily production record by making 1,800 auto parts per day during the first seven months of the current Iranian…

France’s top automaker Renault has reportedly decided to start assembling cars in Pakistan by 2018 under the newly approved incentives announced in its five-year auto policy, official sources said…

Iran’s automotive production observed a 26.1% year-on-year jump during the first seven months of the current Iranian year (started March 20).

During this period, Iranian auto manufacturers…

Despite the challenges surrounding the drop in global oil prices and the Iranian government experiencing problems in financial cash flow due to years of sanctions, Iran’s construction market is…

Talks are underway for freeing Iranian insurance companies’ frozen assets overseas, the Central Insurance company of Iran’s deputy director for reinsurance said, noting that insurers will receive…

Bank Sepah plans to open branches in China and South Korea, a board member of the bank said.

"Bank Sepah has plans to increase its share in establishing branches and to set up new branches…

Six insurance firms operating in free trade zones recorded a whopping 81.1% growth in total generated premiums during the first half of the fiscal year that ended on September…

The Eurasian Economic Union (EEU) has begun discussion on having a privileged trade agreement with Iran at the initiation of Armenia, the Armenian deputy minister of foreign affairs said. “When we…

Iran’s first biaxially-oriented polyethylene terephthalate production line has been launched by Sepehr Polymer Sepahan Complex in Isfahan Province. It was inaugurated by First Vice President Es’…

Qeshm Island, like its smaller but better-known neighbor Kish Island, does not feature in the travel bucket-lists of many international tourists.

Of the 397,000 people who flew to the…

Iranian securities markets had a rocky week, compared to their usual morbidity, while the rial sank to its lowest in 10 months against the US dollar.

The long-term growth of Iran’s largest iron ore mineral zone located in the northwestern Khorasan Razavi Province and the realization of the ambitious expansion goals set for the sector require…

India’s National Aluminum Company is likely to keep in abeyance its plans to put up a greenfield smelter in Iran.

Nalco had planned to establish a 0.5 million-ton per annum smelting…

The Ministry of Agriculture plans to boost operations in securities markets to fund its guaranteed purchase scheme for wheat and other agricultural products.

Iran and Australia have signed a memorandum of understanding to promote cooperation in the aviation sector. The MoU was signed in Australia on Wednesday between Iran Civil Aviation Organization,…

Iran exported 1,200 tons of non-oil goods valued at $6 million to Austria in the first six months of the current Iranian year (started March 20), which indicates a 30% increase in value compared…

More than 2.2 million tons of rice are estimated to be produced in the current Iranian year (started March 20), which would indicate a 20% increase compared with last year’s output, says secretary…