Economy

Managing Director of Government Trading Corporation of Iran Ali Qanbari said about 3 million tons of wheat in excess of the country’s need will be exported to neighboring countries in the near…

The 16th Tehran International Industry Exhibition, otherwise known as TIIE 2016, opened at Tehran’s International Permanent Fairgrounds on Wednesday. The four-day event hosts 406 domestic and 527…

About 90,000 billion rials ($2.5 billion at market exchange rates) will be invested in port projects and infrastructure this year (March 2016-17), says Deputy Minister of Roads and Urban…

Minister of Roads and Urban Development Abbas Akhoundi appointed Mehrdad Taqizadeh Behjati as his deputy for transportation affairs and the new head of Construction and Development of…

Construction noises are rumbling these days from a vast site in the Iranian capital where the city’s latest megamall is taking shape.

Faurecia, a leader in auto equipment and parts, said its historical ties with Iran have been noticed by Tehran’s automotive sector, which is rapidly inking a raft of deals with French companies as…

Iran’s auto industry production observed a 53.6% jump in the Iranian month ending Sept. 21 year-on-year.

During the period, Iranian auto manufacturers produced 93,515 units that mark a…

Moscow-based Cognitive Technologies said it is ready to release a pre-commercial version of an advance driver assistance system with artificial intelligence, or ADAS, for Russia’s KAMAZ truck.

Iran Khodro Company, the largest domestic auto manufacturing firm, has announced that it has plans to bring in Peugeot 508.

The announcement was made on the sidelines of the 20th edition of…

The Fourth International Conference of Auto Industry will be held this autumn in the Iranian capital Tehran, according to automotive sources. Sasan Qorbani, the secretary of the event, noted that…

French cosmetics retailer Sephora will postpone the opening of several retail outlets in Iran to end-2017 from 2016 as initially planned because the right financial and political conditions are…

Close to 20.7 million tons of non-oil goods were exported from Bushehr Province’s customs offices in southern Iran during the first half of the current Iranian year (started March 20), registering…

Of the 13.2 million tons of imports worth almost $16.7 billion during the five months of the current Iranian year (started March 20), more than 20% constituted capital goods worth $3.4 billion, a…

Totally 2,431 closed industrial units, which employed 46,000 people, have been revived from July 23, 2013—when President Rouhani took office—to July 21, 2016, the head of Iran Small Industries and…

The five-day Omani Products Exhibition dubbed OPEX concluded last week in Tehran, helping Iranian investors and traders take stock of business opportunities in the Persian Gulf state.

Norwegian companies AKVA Group and Aqualine have signed a deal to supply technical aquaculture equipment to Iran to boost production capacity by 20,000 tons.

The agreement was signed on…

Wholesale Iranian saffron is smuggled to the neighboring country of Afghanistan from where it is exported, at a zero percent tariff, to India and China, while the same countries have set a 30%…

Iran exported more than 25.5 million tons of mineral products worth over $3.4 billion during the first half of the current fiscal year (started March 20), registering a 25.36% and 15.63% growth in…

Tehran Stock Exchange’s main index gained 70 points or 0.09% to end Tuesday trade at 77,335.3.

More than 1.7 billion shares valued at $106.8 million changed hands for the day.

Melli…

Majlis Article 90 Commission put forth a 10-point proposal for organizing executive pay in the government in Tuesday’s parliamentary meeting. The report called for an overhaul of the government’s…

Iran’s national budget for 2017-18 will be prepared based on unified exchange rates, Masoud Nili, President Hassan Rouhani’s economic advisor said on Tuesday.

Belgium’s export credit agency – the Credendo Group – announced that it has upgraded Iran´s medium-long term political risk classification to category 5.

The International Monetary Fund is forecasting an improvement in sustainability for Iran in 2016-17 as better economic conditions herald more robust growth prospects for the country.

Reyl Bank has announced that it is opening bank accounts for Iranian individuals and companies through its branches in Geneva and Dubai, allowing accountholders to transfer money, said Sharif…

Toyota Motor Corp on September 3 unveiled a doe-eyed palm-sized robot, dubbed Kirobo Mini, designed as a synthetic baby companion in Japan, where plummeting birthrates have left many women…