Economy

Iran is on track to launch a new aluminum smelter early next year that would boost the country’s output by 70%, making it self-sufficient in the metal by taking advantage of its rich natural gas…

Iranian steel mills produced 6.8 million tons of crude steel in the first quarter of 2018, up 47% compared with last year’s similar period, according to the latest report released by World Steel…

The export price index stood at 323.1 in the 11th Iranian month of Bahman (Jan. 21-Feb. 19), registering a 7.5% increase compared to the preceding month and a 33.5% rise compared with last year’…

Tehran Stock Exchange’s main index gained 219.84 points or 0.23% on Wednesday compared to the day before to end trade at 94,796.1.

About 888 million shares valued at $45.96 million…

Private Iranian automaker Bahman Group has forayed into manufacturing the Chinese compact SUV, Haval H2.

Haval is an automotive marque owned by the Chinese automaker Great Wall Motors…

The Beijing International Automotive Exhibition is a barometer of the state of the world’s biggest passenger-vehicle market. New cars are launched and startups vie for attention against their…

Volkswagen AG’s luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from…

Russian Prime Minister Dmitry Medvedev signed an interim agreement with a validity of four years for the formation of a free trade zone to deal with a limited range of goods between the Eurasian…

Some 5,400 tons of hand-woven Persian carpets worth $424 million were exported from Iran in the last fiscal year (ended March 20, 2018), registering an increase of 18.11% in value compared to…

More than 180,400 hectares of farmland were equipped with modern irrigation systems in the last Iranian year (March 2017-18), the chairman of Modern Irrigation Systems Project undertaken by the…

Iran traded $1.85 billion worth of non-oil goods with Italy in the last Iranian year (ended March 20, 2018), which is 9.67% more compared to the year before, making the European country Iran’s…

The government plans to clear over 60% of its debt to the Social Security Organization (500 trillion rials or $12 billion) through a debt swap deal, the deputy minister of cooperatives, labor…

The Ministry of Cooperatives, Labor and Social Welfare’s Center of Statistics has published Iran’s provincial share of GDP for the fiscal 2015-16. 

Tehran Province, wherein lies the…

Iran's state-owned banks have sold excess assets worth 135 trillion rials ($3.21 billion), which included real estate, company shares and other resources, from the beginning of President Hassan…

Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it…

As the Central Bank of Iran is continuing its rate unification and market control policies, the Tehran police force is maintaining its support for the regulator by cracking down on speculative…

As the Central Bank of Iran launched a new round of gold coin presales since the beginning of the new fiscal year (March 21), a total of five million coins have been sold by Bank Melli branches…

Despite the increase in the population of workers in Iran, the number of workplace accidents and fatalities in the last Iranian year (March 2017-18) remained unchanged compared to the year…

A South African business delegation of economic players in the fields of food, chemicals, pharmaceuticals, auto parts, aviation, steel, communications, meat industry and furniture is due to…

The current fiscal year (started March 21) will see the issuance of 12 batches of corporate bonds totally valued over 30 trillion rials ($714.28 million), the managing director of Capital Market…

Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source…

Tehran Stock Exchange’s main index gained 276.97 points or 0.29% on Tuesday compared to the day before to end trade at 94,576.5.

About 578 million shares valued at $32.79 million changed…

A startup has launched a new service that delivers breakfast in the southern city of Shiraz. 

Established in 2018 by Nima Chapi, the service dubbed “Fooderz” is specifically devoted…

Google parent company Alphabet reported first quarter earnings for 2018 on Monday, beating Wall Street estimates on sales and profit thanks in large part to its mammoth search advertising…

The website of Ukraine’s energy and coal ministry website has been hit by a cyber attack, though the websites of state-run energy companies have not been affected, the ministry’s spokeswoman…