The government has approved a strategic plan for the development of the southern Makran Coast, setting guidelines to achieve sustainable development of the region and benefit its indigenous people…

Iran Air hopes to earn $1-1.2 billion per year from ticket sales once all the planes it has ordered over the past few months from major planemakers are delivered.

The revenues will help the…

Tehran's Mehrabad Airport on Wednesday saw the touch-down of four brand new ATR 72-600 planes that joined the rejuvenating fleet of Iranian aircraft.

The new planes are the first batch of…

Russia’s United Wagon Company says it will soon start supplying freight wagons to Iran, as part of a €300 million deal signed in February to supply a total of 6,000 cars.

Iran seems to have overcome challenges to procure rails and wagons to develop its ambitious plans in rail industry.

Minister of Roads and Urban Development Abbas Akhoundi said the…

French construction company Vinci SA has signed a contract with Iranian firm Kayson Inc. to invest in the development of two Iranian airports, Iran Chamber of Commerce, Industries, Mines and…

Despite a seemingly firm intention in the government of President Hassan Rouhani to join the World Trade Organization, Iran’s membership process has had little progress since he took office in…

Iran Aseman Airlines has signed a memorandum of agreement with the American planemaker Boeing to purchase 30 B737-Max passenger jets worth $3 billion based on catalogue prices with the option of…

Iran Air’s new Airbus A330-200 landed in Tehran's Mehrabad Airport on Saturday 8:57 a.m. On board the plane were deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, and the…

The Fourth Iranian Economic Overview Conference was hosted by Donya-e Eqtesad Group, the parent company of Financial Tribune, in Tehran on Wednesday.

Eminent economists and pundits…

President Hassan Rouhani criticized the parliament for tying the government’s hands on access to Iran’s sovereign wealth fund amid the financial crunch caused by lower oil revenues.

“We…

Japan’s Mitsubishi Aircraft Corporation has put on hold its plan to sell aircraft to the Tehran-based Iran Aseman Airlines amid concern over American policy regarding the Islamic Republic under US…

If inflation bounces back to above 10%, it will hamper economic growth, Masoud Nili, a senior economist and top advisor to President Hassan Rouhani, said.

“If we lose the single-digit…

The government has sharply reduced tariffs on the import of meat and agricultural products, including rice and sugar, to keep prices in check in the runup to the new Iranian year (starting March…

The Ministry of Sports and Youth is banking on the private sector to help complete its under-construction sport infrastructures due to the government’s tight budget.

Leaked documents belonging to the Islamic Republic of Iran Customs Administration showed that a South Korean company, which later turned out to be LG Electronics, was fined three quarters of a…

Warning: Big numbers ahead. You might also need a pen and a notebook to keep track of the baffling yet surprisingly huge figures that officials of the Ministry of Roads and Urban Development have…

The Fifth National Economic Development Plan (2011-15) stipulated that Iran should have become the first regional hub in cargo transportation and the second in passenger transport.

This…

Despite rejections in the past, Iranian officials now confirm the domestic airlines’ intentions to buy Russian-made Sukhoi Superjet 100 passenger planes, about which the Iranian public is…

Representatives of French firms were in Tehran for a three-day visit ending Wednesday to offer solutions in the fields of aerospace maintenance and airport infrastructure, and explore business…

As Tehran’s air pollution is getting worse every year, authorities are scrambling to find solutions.

The phenomenon is exacerbated in winter, as cold weather prevents air circulation within…

Expanding cities and warming climate in the Iranian plateau have boosted demand for air conditioners in the Iranian market.

Keen on increasing market share in post-sanctions Iran, the Dutch pavilion with 17 companies active in floriculture and greenhouse industries, stands out at the 4-day Iran Green Trade Fair 'IGTF…

Iran and Austria enjoy a time-tested relationship.

As part of the European Union, Austria has always supported Iran’s right to nuclear technology under the safeguards of the International…

Iran’s accession to the World Trade Organization is pending after almost 19 years, which has made the country’s membership bid one of the longest in the history of the international pro-free trade…