Economy

Following negotiations with the Ministry of Industries, Mining and Trade, an auto manufacturing factory will go on stream in Sahne, said the governor general of Kermanshah province. Sahneh is a…

Permits are now mandatory for importing vehicles valued higher than $100,000 into free trade zones, said an official with the Arvand Free Zone Organization.

According to the organization's…

The Central Headquarters for the Resistance Economy has sent a list of struggling small and medium-sized enterprises eligible for cheap loans to banks. The banking sector will review the…

The lifting of sanctions imposed on Iran over its nuclear energy program enabled Iranian aluminum producers to increasingly embark on the import of alumina, the primary raw material required for…

More than 2.4 million tons of iron ore concentrate were produced in the second Iranian month of Ordibehesht (April 20-May 20), indicating an 11% growth compared to last year’s corresponding…

Tehran Stock Exchange's all-share index plummeted 1.19% or 878.60 points to close Sunday trade at 73,027.9, its lowest since February 2.

Huge losses by large-cap telecoms, oil and gas…

After a four-year hiatus, cement offerings for export have resumed at Iran Mercantile Exchange, the IME chief said.

Isfahan Cement Company initiated the offering with 2,000 tons of the…

Government control has been rife in the history of Iran’s economy after the nationalization of major industries over the past few decades, a lecturer at the Economics Department of Tehran…

Daily egg exports to Afghanistan have tripled to reach 150 tons, according to Iran’s Association of Egg Producers. Meanwhile, exports to Iraq have been put on hold due to the decline in…

Iran’s multitude of points of entry gives rise to smuggling, says head of Anti-Smuggling Organization Habibollah Haqiqi, noting that there are as many as 150 official in addition to eleven…

The Ministry of Industries, Mining and Trade has been put in charge of the Iran-Italy Economic Commission by the cabinet. This is while the Ministry of Foreign Affairs has been tasked with…

The population of Tehran has long surpassed its optimal city size, a paper submitted to the International Conference on Urban Economy held recently by Iran Urban Economics Scientific Association…

Banks will lower lending rates in the coming days, said Central Bank of Iran governor, Valiollah Seif on Sunday. The announcement comes after private lenders’ recent move to voluntarily lower…

Export Development Bank of Iran is offering 6% discount on the interest of loans given to exporters of goods with high value-added, said head of EDBI branch in Kerman Province, Mahmoud Momenzadeh…

A team led by Iranian professor Behrokh Khoshnevis is working on developing robots that will be able to construct buildings in a single day.

Behrokh Khoshnevis, an Iranian professor at USC…

NASA astronomers have discovered a tiny asteroid that is constantly orbiting the Earth around the sun.

The newly found asteroid, 2016 HO3, was spotted first on April 27 by the Pan-STARRS 1…

Beijing’s Intellectual Property Office has ruled against Apple in a patent dispute brought by a less-famous Chinese handset maker, leaving the US company’s latest handset family in jeopardy.

Apple has told Republican leaders it will not provide funding or other support for the party’s 2016 presidential convention, as it has done in the past, citing Donald Trump’s controversial…

New statistics have been released on the number of active subscribers to the mobile network of Iran’s first mobile operator. A report published by local technology website ICTNA states that the…

Insurance industry’s total earned premiums stood at 31.7 trillion rials ($9.1 billion) during the two months ending May 19, indicating a year-on-year growth of 28.3%.

Data published by the…

The head of the Association of Private Banks and Credit Institutions, Kourosh Parvizian, has sent a letter to Central Bank of Iran governor, Valiollah Seif, informing him about private lenders’…

A lawmaker believes that lack of proper supervision by the Central Insurance company of Iran, the industry’s watchdog, is the root of problems insurers are facing.

“However, insurance…

The new amendment for the budget law of 2016-17 will soon be sent to Majlis and it contains measures to increase banks’ capital and settle their debts, a deputy minister of economy said Saturday…

A group of CBI experts is in the United States to discuss the issue of Iranian assets frozen in that country, a Central Bank of Iran official said Thursday.

Russia and Iran could reach an official agreement on the transition to mutual payment in local currencies.

The statement was made Friday by Hossein Yaghoubi Miab, director general of …