President Hassan Rouhani's administration on Wednesday officially discarded the US dollar as its currency of choice for financial reporting and opted for the euro.
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Tesla CEO Elon Musk has set an aggressive new target for production of the Model 3, and it will operate its Fremont, California factory 24 hours a day to meet the goal, according to an internal…
EconomyChina will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world’s biggest car market, even as trade tensions simmer between Washington…
EconomyIran Khodro is set to launch mass production of Peugeot 301 in the coming months as part of a joint venture agreement with PSA Group’s Peugeot brand.
The €400-million joint venture,…
EconomyMore than 107.98 million tons of oil and non-oil products were loaded and unloaded in ports located in the southern Hormozgan Province in the last Iranian year (ended March 20, 2018),…
EconomyMore than 12,300 tons of different kinds of soap worth over 523 billion rials ($15.33 million) were imported into Iran in the last Iranian year (ended March 20, 2018), figures released by the…
EconomyA total of 419 hectares of greenhouses were renovated and upgraded in Iran during the last fiscal year (ended March 20, 2018) at a total cost of 640 billion rials ($15.24 million), the head of…
EconomyCurrently, about 700 licensed money exchange shops are active throughout Iran and each of them has entered the market with a minimum capital of 40 billion rials ($953,000), the head of the…
EconomyThe Majlis Economic Commission said on Tuesday that it fundamentally agrees with the government's recent measures to control the foreign exchange market, although some of the executive decisions…
EconomyAn entity established by Iran's private sector for attracting foreign investments mainly by identifying and introducing feasible projects has begun its work in earnest in recent months.
EconomyIran and Turkey have started implementing a deal finalized by the two neighboring countries last year to use their national currencies in mutual trade with the first letter of credit being…
EconomyTehran Stock Exchange’s main index gained 16.53 points or 0.2% on Tuesday compared to the day before to end trade at 95,522.7.
About 523 million shares valued at $32.68 million changed…
EconomyDespite an acute water crisis, the Iranian government is striving to maintain the quantity and quality of its agricultural products at levels that sufficiently meet—at least with regard to…
EconomyIran’s non-oil trade with the UAE hit $16.83 billion in the last fiscal year (ended March 20, 2018), registering a 21.18% rise compared to the year before, Islamic Republic of Iran Customs…
EconomyIn a continuing strategy of exploring previously untapped markets, Turku-based hamburger restaurant chain Hesburger opened a new outlet in Iran’s capital city Tehran on Friday.
EconomyNetflix Inc’s blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video-streaming pioneer’s massive…
EconomyThe results for the Ph.D. preliminary examinations were released on the website of the National Educational Assessment Organization (Sanjesh Organization) on Monday.Hossein Tavakoli, a top…
EconomyOver 3,500 knowledge-based firms and several thousand startups are operating in Iran. The revenue of these companies during the last fiscal which ended in March surpassed 600 trillion rials ($14…
EconomyIn the recently ended fishing season (Oct. 12, 2017-April 14), bony fish output in the northern Mazandaran Province bordering the Caspian Sea amounted to around 2,700 tons, marking a rise of 17.…
EconomyIran’s non-oil exports to Ukraine amounted to $70 million in 2017, registering a 75% rise compared to the year before, Iran’s Ambassador in Kiev Mohammad Beheshti Monfared said.
Iran…
EconomyAbout 532,000 tons of commodities worth over $150 million were exported from the northeastern Iranian province of North Khorasan in the last fiscal (ended March 20, 2018), registering a decrease…
EconomyMore than 740 tons of candles worth close to 55.2 billion rials ($1.6 million) were imported into Iran during the 11 months to Feb. 19, according to figures released by the Islamic Republic of…
EconomyIran and Pakistan will establish a transport and transit corridor in the near future, Iran’s minister of roads and urban development said. In an interview held in Pakistan’s eastern city of…
EconomyAll of Iran's payment systems and networks registered annual growths both in terms of number and volume of transactions in the previous fiscal year that ended on March 20, the chief executive of…
EconomyFinex 2018, the biggest financial sector exhibition in the Middle East, opened on Monday at Tehran’s International Fairground to host a wide array of businesses, officials and potential…
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