Economy

Teriparatide (a prescription medicine used to treat osteoporosis) has been removed from the list of medicines covered by insurance for 45 days now, the head of Iranian Rheumatology Association,…

Quake-stricken taxpayers living in the western Kermanshah Province, who have lost more than half of their properties will have their tax debts for the fiscal years 2016-17 and 2017-18 forgiven,…

Iran and Kazakhstan can complement each other in the field of agricultural production and activities.

This was announced by Iran’s Agriculture Minister Mahmoud Hojjati in a Sunday…

Iran’s non-oil foreign trade during the first eight months of the current fiscal year (started March 21) stood at $60.9 billion, indicating an 8% rise compared with last year’s corresponding…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.9% compared with last year’s…

Afghanistan imports about $11.5 billion worth of consumer goods annually and Iran accounts for $2.5 billion of the total sum, Afghan commercial attaché to Iran, Jaber Ansar, said.

The…

SAIPA’s recently appointed CEO has put off the presales of the Quick model “due to some quality concerns”. After visiting Quick’s production lines, Qasem Jahroudi, who replaced Mehdi Jamali last…

Royal Dutch Shell Plc is linking up with some of the world’s biggest carmakers to expand its electric-vehicle charging business in Europe as it prepares for life beyond oil.

The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in the production of electric vehicles, Germany’s largest industry…

Uber has inked a deal with Volvo that will see the automaker manufacture up to 24,000 XC90 sport utility vehicles that will be equipped with Uber’s self-driving sensor and software package.

SAIPA officially unveiled Citroen C3 in a ceremony held in Tehran on Sunday. The vehicle will be the first model to be produced in the framework of the SAIPA-Citroen joint venture.

Facing complaints by consumers and producers, the Ministry of Industries, Mining and Trade put on hold the 15% increase in the bread retail prices scheduled to be introduced on Saturday, the…

Iran’s half-a-century distribution industry generates 8% of Iran’s gross domestic product, the secretary-general of the Association of Iranian Distribution Industry said.

Hot- and cold-rolled coil import prices in Iran were largely unchanged in the week ending Nov. 22 on limited buying activity.

Customers were held back by the lack of vessels at the…

Minister of Industries, Mining and Trade Mohammad Shariatmadari appointed Sadeq Najafi to replace Ali Yazdani as his deputy and chairman of Iran’s Small Industries and Industrial Parks…

As part of its roadmap until the end of the second term of President Hassan Rouhani in the fiscal 2021-22, which will coincide with the turn of the Iranian century, Bank Maskan—the agent bank of…

 Bank Melli Iran, through its affiliate Bank Kargoshaee, has launched a three-day auction to deflate the gold coin bubble in Tehran's market.

According to domestic gold market…

The government’s proposal for a trilateral swap deal involving the state, private contractors and banks has been met positively by the private sector whose chief  executive said it will…

The Social Security Organization has moved to block all accounts belonging to Tehran Municipality after the urban administration failed to clear its debts dating back to at least two years ago…

Cheap fuel prices in Iran, costing less than 10% of the global average, are the main reason for the popularity of road transportation, which is responsible for the excessively high number of…

A recent regulation introduced by the Supreme Administrative Council prohibits the promotion of employees with more than 25 years of experience or those over 55 years to management posts.

There seems to be no end in sight to Mobarakeh Steel Company’s expansive domination in the Iranian steel industry, as the country’s largest steelmaker has announced plans to buy a stake in Iran’…

Iranian steel billet has been quietly gaining acceptance in the global market, because of its attractive prices compared to material from other suppliers.

In the first half of the…

Some 2.2 million tons of bitumen worth $410 million were exported from Iran during the seven months to Oct. 22, registering a 17% rise in weight and 6% fall in value compared with the similar…

Qatar is seeking to increase bilateral trade with Iran, said the Qatari Minister of Economy Ahmed bin Jassim Al Thani in a meeting with Iranian Minister of Industries, Mining and Trade Mohammad…