Economy

Close to 8.5 billion sticks of cigarettes were smuggled into the country in the last Iranian year (March 2015-16), indicating an over 29% decline as compared to a year before, according to the…

Iran is eying stone exports to Russia and the Commonwealth of Independent States, said a deputy minister of industries, mining and trade. Speaking on the sidelines of an exhibition titled “Stone…

Norway’s fisheries minister has indicated that a newly sanctions-free Iran could become a lucrative seafood market for the Scandinavian country.

“With the repeal of sanctions, we are facing…

Tehran is scheduled to host the International Exhibition of Road Construction and Maintenance, Transportation and Related Industries on December 18-20. Participants will showcase products and…

Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state, an industry source said on Tuesday. The…

Porsche Automobil Holding SE, Volkswagen's controlling stakeholder, will endorse the carmaker's former top management at a shareholder meeting on Wednesday, a spokesman said, despite new…

A report published in the local media has recently ranked Iranian cities at the forefront of auto manufacturing.

Auto production lines are active in eight Iranian provinces. Tehran tops the…

High cost, an unpredictable market and lack of a supervisory body are the main challenges hindering the production of electric cars in Iran, according to a recent study conducted by Majlis…

Iran is the third largest grain importer from Russia after Egypt and Turkey. In 2014, the US was the world’s number one grain exporter, followed by Canada and Russia. Russia has now moved to the…

Flag carrier Iran Air says it is buying new generations of Boeing 737, as well as the 300ER and 900 version of the Boeing 777 under a Lease-Purchase contract that it recently signed with the…

Welding Engineers Ltd., a Swiss concern specialized in engineering design for synthetic rubber production, has been engaged by an Iranian company to supply the engineering to finish a plant under…

Iran and Turkey surveyed ways of expanding bilateral economic ties in a meeting held between Turkish Contractors Association’s President Mithat Yenigun and Iranian Ambassador to Turkey Mohammad…

More than 12.8 million tons of freight were loaded and unloaded in Iranian ports during the second month of the current Iranian year (started April 20), which indicates a 17.7% increase compared…

Iran’s National Saffron Council has voiced concern about the relentless smuggling of Iranian saffron bulbs into Afghanistan and China. “Iran is the largest producer of saffron, accounting for…

Iran accounts for $1 billion of Turkmenistan’s total imports worth $8 billion per year, said the deputy minister of industries, mining and trade.

Iran is willing to expand cooperation with countries that supported Iran during the sanctions including China, said Central Bank of Iran governor, Valiollah Seif, in a meeting with China…

Minister of Economy Ali Tayyebnia on Tuesday appointed Mohsen Pourkiani to head of Iran Insurance Company. The move comes after IIC’s former head Abbas Husseini stepped down, the ministry’s…

Mohammad Reza Hosseinzadeh, head of the Coordination Council of Public Sector Banks, announced that the implementation of new one-year deposit rates and short-term deposit rates officially came…

Lower deposit rates will have an immediate effect on the real estate market pushing up demand and boosting investment in the key sector, an economist familiar with the market says.

In a report on ‘Barriers to Eliminating Usury from Iran’s Banking System and Corrective Measures’, the research arm of the Central Bank of Iran – the Monetary and Banking Research Institute – has…

Bank Maskan, Iran's main housing bank, has lowered the interest rate of its mortgages by two percentage points in a bid to help pull the dull property market out of stagnation.

The move…

Tehran Stock Exchange’s main index TEDPIX gained 184.20 points or 0.25% on Tuesday to end trade at 72,799.2.

Close to 930 million shares valued at $50.4 million were traded for the day.…

The success of the latest edition of Germany’s specialized exhibition for the machine tools and metalworking sector known as “AMB Iran” has prompted organizers to start planning the next event in…

Iranian steel mills produced 3.1 million tons of crude steel in the first two months of the current Iranian year (started March 20), which indicates a 5.6% rise over last year’s corresponding…

Turkey will not remain Iran’s main transit route to Europe unless security is restored to the country, said the director general of Iran Road Maintenance and Transportation Organization’s Transit…