PSA Group will present a restructuring plan for its Opel brand in November. CEO Carlos Tavares said PSA will urge Opel to improve its sales to individual customers.
He also said it is…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
At a factory in northern China making Hyundai cars, employees are not sure from one day to the next whether their workplace will be open. Chinese buyers are shunning the automaker because of…
Economy
The UK’s controversial rejection of the European Union has claimed its first automotive victim, but it’s almost certainly not the car anybody thought about. It is not a car from British…
Economy
Bank Sepah, a major Iranian commercial bank, plans to open branches in China, South Korea and Iraq in the near future.
Economy
The multibillion dollar South Korean deal to finance Iranian projects and the recent agreement between major Iranian private banks and their South Korean counterparts to boost correspondent ties…
Economy
September has been yet another bullish month for the US dollar in Iran’s foreign exchange market. On Tuesday, the greenback once again gained against rial to reach its highest value since the…
Economy
Iran and Brazil underlined the necessity of improving banking relations to boost bilateral trade and investments.
These and other issues were discussed in a meeting attended by Brazilian…
Economy
Iran Khodro on Tuesday said its trucks division, Iran Khodro Diesel, has signed a deal with Mercedes-Benz Daimler to import heavy duty vehicles.
The deal was signed at a Daimler factory…
Economy
Majlis Research Center has revised up the current fiscal year’s (March 2017-18) economic growth estimate by 0.2%.
The center projects a 3.9% GDP growth for the year, largely thanks to…
Economy
Iran exported 6,200 tons of eggs to Afghanistan, Qatar and Iraq during the three months to August 22, the head of the Union of Producers of Egg-Laying Hen said.
Last Iranian year (ended…
Economy
President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei signed a memorandum of understanding with his Ukrainian counterpart, Gennadiy Chyzhykov, on Monday…
Economy
Turkish Deputy Prime Minister Bekir Bozdag has defended a former Turkish minister who had recently been charged with conspiring to violate US sanctions against Iran, stressing that trade…
Economy
Minister of Roads and Urban Development Abbas Akhoundi has appointed Mohammad Rastad to replace Mohammad Saeednejad as his deputy and the managing director of Ports and Maritime Organization of…
Economy
A new steel production plant has become operational in Ardakan, Yazd Province, in central Iran.
The plant belongs to Chadormalu Mining & Industrial Company and was built on…
Economy
Tehran Stock Exchange’s main index gained 100.10 points or 0.12% to end Tuesday trade at 83,469.2.
About 486 million shares valued at $57.8 million changed hands for the day.
…
Economy
Iran’s largest holding, Social Security Investment Company, is set to offer the shares of all its subsidiaries on the equity market by the end of the current fiscal year (March 20, 2018), the…
Economy
The Armenian Parliament ratified an agreement on the establishment of a simplified customs corridor with Iran on Tuesday. The agreement on the joint use of the Meghri-Nurduz Customs Corridor was…
Economy
Iran is studying the possibility of sending a astronaut into space, the head of Iran’s Aerospace Research Institute said.
Fathollah Ommi says “The space agency is considering the…
Economy
Iran will attend the GITEX Technology Week for the third consecutive year that will open in Dubai on October 8.
Hooman Hajipour, deputy for businesses at Tehran Chamber of Commerce,…
Economy
In what would mark a big stride toward the development of Iran's insurance industry and the promotion of its privatization initiative, the government is to relinquish its remaining stake in Amin…
Economy
Close to 90,000 tons of fresh tea leaves worth 1.74 trillion rials ($44.61 million) were purchased from local farmers in the spring and summer harvests, the head of Iran Tea Organization said.…
Economy
Joint railroad projects between Russia and Iran benefit virtually all of Europe and Asia, the chairman of Islamic Republic of Iran Railways’ International Affairs Department said.
Economy
Iran’s stationery market is worth 40 trillion rials ($1 billion) per annum.
"Not long ago, more than 90% of this market used to be in the hands of foreign brands," Secretary-General of…
Economy
Iran’s stationery market is worth 40 trillion rials ($1 billion) per annum.
“Not long ago, more than 90% of this market used to be in the hands of foreign brands,” Secretary-General of…
Economy
Iran accounted for as little as 4.5% (or $13.3 billion) of around $295 billion worth of imports of its seven neighboring countries, namely Iraq, Turkey, Armenia, Azerbaijan Republic,…
Economy
