Business

Peugeot to sign new contract with Iran Khodro

European manufacturers aim to return to the country if sanctions are eased under a proposed nuclear pact.

Supreme Leader: Domestic production key to solving economic woes

The Islamic Revolution leader has said that the country needs to rely on its domestic production if it wants to see its economic problems solved.

Iran breaks US monopoly in production of industrial lubricant

Iran has broken the US monopoly in production of an industrial lubricant, which is a strategic oil product, says an oil expert.

Iran, Russia ditch dollar, trade in ruble

Iran and Russia have started to use a mechanism which helps them ditch dollar and trade in ruble.

Iran’s dependence on oil hitting record low: Rouhani

President Rouhani has said that Iranians are equal before the law, adding all people, foreign tourists included, are protected by police and the law.

Iran sees growth even under sanctions

The governor of Iran's Central Bank has said that Iran’s economy is “on the right track”.

Iran welcomes promotion of ties with Japan: Rouhani

The Iranian president has said in a meeting with the Japanese premier that poverty and lack of development are the key roots of terrorism in the region.

Iran seeking to increase oil exports to pre-sanctions level: Minister

It is expected that the OPEC members provide space for an increase of Iran's oil production in the global markets, said Zanganeh.

Foreign partners are one main hidden asset for Iran

A senior presidential advisor has said that Iran needs to count on cooperation with foreign partners if it seeks to take an accelerated step toward globalization.

IMF forecasts Iranian economy to grow

An IMF report says that growth in the Islamic Republic of Iran is projected to be 0.6 percent in 2015 and 1.3 percent in 2016.

Total says interested in Iran comeback

Iran has the world's second largest gas reserves after Russia, and we will consider returning to this country once sanctions are lifted, said the CEO of French energy giant Total

Iran, EU Banks in preliminary talks

An Iranian banking official says that once sanctions are lifted, the stage will be set to provide brokerage and international money transfer services for the imports and exports.

Tehran Stock Exchange rallies (PHOTOS)

A photo gallery that features a flurry of activity in Tehran Stock Exchange as a result efforts by the government of Prudence and Hope to put the economy back on track.

Iran’s annual foreign trade hits $102 billion

The volume of Iran's exports last year witnessed a 4.83 percent increase compared to a year earlier, and the value of exports jumped by 18.87 percent.

Tehran, Ankara sign eight cooperation documents

Rouhani and Erdogan underscored the necessity for further expansion of diplomatic and economic ties.

Iran Chamber of Commerce official expounds on pistachio production

Iranian and US pistachio output stood at the same level last year, but in the export market, Iran was in the lead, Asgaroladi said.

Iran’s crude steel production up by 8 percent

A report by the World Steel Association showed that Iran's steel production output in January-February 2015 increased by 15 percent over last year.

Rouhani: Country’s economy back on fast recovery track

President Rouhani said taking advantage of new technologies, absorbing investment and making use of experts are among top priorities of free trade zones.

Asia oil buyers set to enhance Iran imports

If sanctions are removed, there’s a big chance that demand for Iranian oil will recover in Asian nations like South Korea, China and Japan, according to analysts.

Online shopping booming in Iran

To promote public trust in online shopping, the Ministry of Trade has given an electronic trust logo to reliable websites.

Economic woes have yet to go away: President Rouhani

President Rouhani stressed that some eight million people have been offered medical insurance over the last 12 months.

Energy cooperation with China ‘strategic’: Zanganeh

Countries which cooperated with Iran under sanctions will be given priority in post-sanctions era, said the oil minister.

Iran eyes tariff increase to boost production

By buying Iranian goods, people can contribute to improving the country’s per capita income, as well as employment, said Nematzadeh.

Iran auto industry not to roll out red carpet for firms from hostile states: CEO

We do not talk with the world's top automakers from the position of a country in need, but from the position of a partner which owns technology, said Yekke Zare.

Iran says it will start exporting electricity to UAE soon

Iran will soon start exports of electricity to the United Arab Emirates through a subsea power line.

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