Economy

US automakers reported weaker sales than forecast for August as Hurricane Harvey slowed purchases towards the end of the month.  Sales rose at a seasonally adjusted annual rate of 16.14…

Iran Khodro is moving ahead with a plan to produce mid-range cars with the Japanese automaker Nissan.

The company CEO Hashem Yekezare told reporters “IKCO is set to sign a partnership…

The US agency in charge of enforcing labor law on Thursday filed a complaint against Tesla Inc., saying it found merit to workers’ complaints about unfair labor practices.

Cherry’s operation in Iran has delivered its latest and most expensive SUV Tiggo7 to buyers.

The company is currently offering a “full-option” version of the car called “Excellent” that…

With its massive oil and gas resources and a large, talented youth community, Iran is the second largest economy in the Middle East and North Africa region.

However, in the post-…

In line with the general policies of Article 44 of Iran’s Constitution—declared 11 years ago by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei—the remaining state shares in…

The Central Bank of Iran has forecast an economic growth of at least 5% for the current Iranian year that ends on March 20, 2018.

In another step toward Iran’s gradual revival of banking ties with the international community, the governor of the central bank of Croatia has announced that the European nation’s biggest…

Tehran Stock Exchange’s main index TEDPIX gained 731 points or 0.9% during the week that ended August 30 to close at 83,272.9.

Trading at Iran’s stock markets starts on Saturday and ends…

Transportation costs account for 12% of the final prices of goods in Iran while the global standard stands at 6%, a board member of Tehran Chamber of Commerce, Industries, Mines and Agriculture…

Just observing an open session of the parliament or listening to a government official talking about trade could get anyone thinking that there is an essential moral quality to imports or…

The Iranian equity market’s third initial public offering of the year is set to take place next week, with Parsian Kowsar Hotel’s shares being prepared for offering to the public.

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A new livestock and poultry production factory was launched on Thursday in the city of Garmsar in Semnan Province in the presence of Iran’s reappointed Agriculture Minister Mahmoud Hojjati.

The government aims to achieve self-sufficiency in sugar production by 2021, the head of Public Relations Center with the Ministry of Agriculture said. Shahrokh Ramezan-Nejad added that this…

Close to 467,000 tons of field corn worth nearly 3.5 trillion rials ($107.65 million) were imported in the fourth month of the Iranian calendar, Tir (June 22-July 22), figures released by the…

Mahiroud Special Economic Zone’s customs bureau, located in South Khorasan Province and along Afghanistan’s border, was launched in a ceremony attended by South Khorasan Governor General Ali…

Samsung Electronics has announced that Bixby’s voice capabilities have expanded to more than 200 countries and territories including Iran.

Dubbed Bixby, the artificial intelligence…

Apple sent out invitations on August 31 to a September 12 media event at which the US tech giant is expected to unveil new iPhone models for the 10th anniversary of the culture-changing…

A local business Chandchin has started offering viral marketing services in Iran for the first time. Viral marketing, or viral advertisement, is a marketing technique that uses social media…

An Iranian startup ‘Analyza’ has launched a personal financial management application with the aim of helping users track their expenses.

The app is developed by Neshan Software Company…

Gold has surged in Tehran's market with the 18-karat gold price reaching 1,226,360 rials ($31.67) per gram on Wednesday to set a five-year record.  

The yellow metal–the most widely…

Reforming the Iranian banking system, whose representatives have been grappling with a variety of issues, has once again come to the fore of national dialogue at a time when the Central Bank of…

The Central Bank of Iran has outlined measures to enhance banknotes’ security features, CBI’s official website announced.

After four years of a stubborn downturn in the Iranian housing sector, Tehran finally broke the chains as its home sales hit a 39-month high in a sign that the key sector's recovery has begun in…

The Fourth Isfahan Cement Expo opened on Thursday and is scheduled to run until Saturday. Over 100 local firms and companies from France, Switzerland, Japan, Italy, Turkey, the United States,…