Economy

Iran’s industrial sector is estimated to grow 7-8% in the current Iranian year (started March 20), the deputy minister of industries, mining and trade said. “In Iran, the industrial sector is…

New details have emerged regarding the preferential trade agreement that recently went into effect among members of D-8 Organization for Economic Cooperation, including Iran.  As ISNA…

Some 1.2 million head of light livestock (sheep and goats) and 20,000 male calves were exported to the littoral states of the Persian Gulf in the last Iranian year (March 2015-16), according to…

It is estimated that lemon production will reach 480,000-500,000 tons in the current Iranian year (March 2016-17), indicating a 7-8% increase compared to last year, according to the Ministry of…

Tehran Stock Exchange’s main index shed 116.80 points or 0.16% to close Monday trade at 73,947.2.

More than 1.4 billion shares valued at $80.3 million were traded on the day.

Fars…

Among local governments in South Korea, the Busan Metropolitan City Government has been the most active in supporting domestic companies’ forays into the Iranian market since the lifting of the UN…

Shortage of iron ore, scrap iron and pellet is the main impediment to growth in the domestic steel industry and the realization of the targets set in the 20-Year Vision Plan (2005-25), an advisor…

The Securities and Exchange Organization has unveiled its platform for hosting venture capital funds to help expand tech companies.

The platform was designed in cooperation with over-the-…

The Fourth International Maritime Exhibition of Iran is scheduled to be held in Tehran on September 24-26.

Tesla Motors missed its vehicle delivery target for the second consecutive quarter and is on track to fall short of its annual target, suggesting the US electric carmaker is still wrestling with…

The latest statistics released by the Ministry of Industries, Mining and Trade show that only car and pickup production edged up in the first quarter of the Iranian year (started March 20).

With the participation of more than 18 automotive brands, an exhibition opened at Padide Shandiz shopping center in Torqabeh on Sunday. According to the local automotive website Asre Khodro, the…

Iranian team MRL from Qazvin Islamic Azad University has claimed two more first place titles in RoboCup 2016 currently underway in Leipzig.

Iranian MRL (Mechatronics Research…

On the sidelines of the 25th International Financial Congress in St. Petersburg, Akbar Komijani, the deputy governor of Central Bank of Iran met the Vice Governor of Central Bank of Russian…

As much as Iran disapproves of neighborly tensions in the region, it saw Moscow’s severance of economic ties in recent months as an opportunity to boost food exports to the Russian market.

More than $91,300 worth of videogame consoles were imported from the UAE ($77,700) and China ($13,600) into Iran during the first two months of the current fiscal year (March 20-May 20), according…

The First International Aluminum Industry Expo, the First International Rail Industry Expo and 15th Arak Building Industry, Heating and Cooling Systems Expo are scheduled to be held on October 4-7…

A preferential trade agreement signed by the member states of the D-8 Organization for Economic Cooperation has officially taken effect as of July 1. The PTA was agreed upon in a D-8 Trade…

After nearly 10 years, sponge iron production plants of the so-called “Seven Provincial Steel Projects” will become operational by the end of the Iranian year (March 2017), announced the head of…

Tehran Stock Exchange’s main index added 98.50 points or 0.13% to close Sunday trade at 74,923.8.

More than 937 million shares valued at $76.1 million were traded for the day.

Bafgh…

Iran’s Auto Parts Manufacturers Association says if Iran Khodro and SAIPA do not pay their debts to auto parts manufacturers, they will soon become bankrupt.

The row between airliners and state-owned airports operator Iran Airports Company over their overdue debt to the company for providing them airport services for years is raging on.

Iran Mercantile Exchange saw the trading of 161,000 tons of goods on Sunday, including 15,430 tons of barley, 500 tons of corn, 6,800 tons of white sugar, 50 tons of aluminum ingot, 8,500 tons of…

The pound hit a six-months-low in Tehran’s open market on Sunday. The British currency sold for 47,430 rials, down by 1.56% compared with yesterday’s close of 48,170. The Central Bank of Iran…

Minister of Economy Ali Tayyebnia said on Sunday the government plans to issue 400 trillion rials ($13 billion) worth of bonds in the current fiscal year that ends in March 2017. The bonds will be…