Economy

Iran’s bauxite reserves increased by 14 million tons in the last fiscal year (ended March 20, 2017), as a result of Iran Alumina Company’s explorations, the company’s manager, Touraj Zare’, said…

Chinese company ZPMC has won the contract to supply cranes to Iran’s Chabahar Port.

Iran’s National Tax Administration has agreed to extend the deadline for two Tehran-based football clubs Persepolis and Esteghlal to repay their tax arrears in six months, the spokesman of…

Auto production data show that in the current fiscal (started in March) production of ‘natural gas-gasoline hybrid’ vehicles increased 5.54% in the first four months year-on-year.

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An official with the Iranian Automotive Parts Manufacturers Association has expressed readiness of its members to cooperate with Azerbaijani counterparts.

Head of the association,…

Mitsubishi Motors will introduce a plug-in-hybrid version of its Outlander SUV to the Iranian market in September, according to a report by Nikkei. Car companies have begun introducing electric…

Kerman Motor, local partner of Korea’s Hyundai has started production of the Accent sedan.

The company previously started production lines of the Hyundai i10 and i20 which are assembled…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh inaugurated on Wednesday two dry docks in the southern port city of Bandar Abbas, located in Hormozgan Province, for maintenance…

A senior official has called on the Central Bank of Iran to adjust the foreign exchange rates monthly in proportion with the difference between foreign and domestic inflation rates to boost…

Bank Melli Iran and the Ministry of Science, Research and Technology have signed an agreement to enhance bilateral cooperation.

The Central Bank of Iran has set a new ceiling for Qarzol-Hassaneh (interest-free microcredit) loans to individuals. The allowance for each person has increased by 50 million rials ($1,309) or…

A key change in President Hassan Rouhani's Cabinet for his second tenure will potentially impact both state-owned and private lenders, and subsequently influence the outcome of his central…

Tehran Stock Exchange’s main index TEDPIX gained 313 points or 0.4% during the week that ended on August 2 to end at a 42-month high of 81,579.

TEDPIX’s leap to a new record came on…

Import prices for hot-rolled coil in Iran continued to trend upward over the week ending August 9, as offers from the mills of Commonwealth of Independent States rose further, supported by tight…

Iran has turned into a country of engineers. Labor force statistics for March 2011-17 show the ratio of engineering technicians to engineers is 1 to 1.7 in the country.

This comes as,…

Iran Mercantile Exchange plans to start bitumen exports to India as per an agreement reached between the two countries’ market regulatory organizations on Thursday. The agreement was signed by…

The phalanx of European leaders, ministers and dignitaries attending the inauguration of Iranian President Hassan Rouhani last weekend was a stunning snub to Washington. It was also a clear…

Mohammad Shariatmadari, vice president for executive affairs, is President Hassan Rouhani’s choice to be the next industries, mining and trade minister.

Shariatmadari, who holds a Master…

A close look at Iran’s non-oil trade during the first presidential term of Hassan Rouhani (August 2013-17) shows that the country’s “non-oil trade” deficit has noticeably shrunk during the four-…

Hassan Rouhani Tuesday named Masoud Karbasian as his pick for the position of economy minister during his second four-year tenure as Iran’s president.

Iran exported 19,000 tons of ice cream worth $87.67 million during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran Customs Administration…

The Iranian government is in talks with the European aircraft manufacturer Airbus to purchase 45 helicopters, a deputy roads and urban development minister said.

The 18th International Exhibition of Food and Food Processing, otherwise known as iFood 2017, is scheduled to be held at Mashhad International Fairground from August 24 to 27, a member of…

A delegation headed by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamreza Shafei is scheduled to visit China from September 5 to 9, the ICCIMA news portal said.…

Ninety-six percent of Iran’s industrial units are small- and medium-sized enterprises, the chairman of Iran’s Small Industries and Industrial Parks Organization said.

“About 1.3 million…