Economy

The CEO of Iran Khodro, the country's biggest car producer, said Tuesday that the first deliveries of the latest version of the Dena sedan model will be made to customers by mid-August.

Iran Khodro has expanded production at its subsidiary plant in the northwestern city of Tabriz. The country’s largest automaker said in a press release that the production rate will increase 33%…

A subsidiary of SAIPA which produces heavy and light vehicles is set to expand its market share via deals with foreign firms and offering state-backed financial incentives to truck drivers.

Minister of Roads and Urban Development Abbas Akhoundi has reiterated what has been stressed by many officials in the past few months that the ailing Iranian housing sector is emerging out of…

A delegation from the Central Bank of Turkey will soon meet their Iranian counterparts in Tehran to remove hurdles in the way of bilateral banking relations, particularly difficulties involving…

Iranian bank accounts in a handful of regional countries are being closed en masse due to reasons ranging from strained ties with Persian Gulf Arab states to Turkish foreign exchange policies,…

Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production, the bank’s…

Tehran Stock Exchange’s main index lost 96.40 points or 0.12% to end Tuesday trade at 80,511.5.

About 619 million shares valued at $42 million changed hands for the day.

Pars Tile…

The Producer Price Index (using Iranian year to March 2012) stood at 236.2 in the Iranian month of Ordibehesht (April 21-May 21) compared with the previous month’s 236.3, suggesting that average…

Due to export duties levied on leather, salambor and wet blue in the fiscal 2012-13, the export of these products plummeted from around $200 million in that year to close to $38 million in the…

The government is set to oblige mine owners pay 1% of their revenues as tax to ameliorate the damage inflicted by their operations on the environment.

Naturally, miners are up in arms about…

Iran's information and communications technology sector has the capacity to employ one million people, an official with the Ministry of Cooperatives, Labor and Social Welfare said. "It is…

The average age of Iranian farmers stands at 53 years and if 60 is taken as the retirement age, the country will face a shortage of farmers in less than a decade.

Government Spokesman Mohammad Baqer Nobakht believes it is possible to triple cash subsidies paid to the poor.

The Islamic Republic of Iran Customs Administration has revoked the ban it had imposed in May on imports of scrap metals from Iraq and Afghanistan at the request of the Trade Promotion…

Having won a reelection in a landslide, Iran’s President Hassan Rouhani is expected to prioritize economic reforms.

Ferrosilicon production is an integral part of the steel industry and its downstream sectors. Iran is currently producing nearly enough of the raw material to feeds its furnaces, but the ambitious…

Imported goods without the labelImported goods without the label of Global Trade Item Number will be treated as of Global Trade Item Number will be treated as contraband, a deputy minister of…

In the recent Microsoft Creators Update rolled out to all PCs, tablets and phones running Windows 10 in the past few weeks, several Iranian users are looking with disbelief at the company’s…

Iran will send a new domestically-built sensing-operational satellite, named ‘Soha’ into orbit next year, head of Iran Space Research Center, Hassan Haddadpour, said on Sunday. “The first sensor-…

The “Mechatronic and Information Technology City” project will move along the pathway to create a Silicon Valley-like site in the country.

At a meeting on Monday, Ali Mohammad Noorian,…

Programmers from Iran’s largest local Android app store have developed a new payment application which enables users to transfer money via Bluetooth technology.

According to the local…

The possibility of direct transfer of money between an Italian bank and 20 other Iranian banks has been established, Tehran Chamber of Commerce, Industries, Mines, and Agriculture has announced…

 company is set to review its strategies.

“Plans have been devised to develop and improve the hardware, software and human resources capabilities of Shapark for revamping it,”…

Bank Mellat–a lender with extensive experience in designing and implementing banking software systems—has launched a fraud detection software that will promote the security of its digital…