Economy

Kerman Motor, local partner of Korea’s Hyundai has started production of the Accent sedan.

The company previously started production lines of the Hyundai i10 and i20 which are assembled…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh inaugurated on Wednesday two dry docks in the southern port city of Bandar Abbas, located in Hormozgan Province, for maintenance…

A senior official has called on the Central Bank of Iran to adjust the foreign exchange rates monthly in proportion with the difference between foreign and domestic inflation rates to boost…

Bank Melli Iran and the Ministry of Science, Research and Technology have signed an agreement to enhance bilateral cooperation.

The Central Bank of Iran has set a new ceiling for Qarzol-Hassaneh (interest-free microcredit) loans to individuals. The allowance for each person has increased by 50 million rials ($1,309) or…

A key change in President Hassan Rouhani's Cabinet for his second tenure will potentially impact both state-owned and private lenders, and subsequently influence the outcome of his central…

Tehran Stock Exchange’s main index TEDPIX gained 313 points or 0.4% during the week that ended on August 2 to end at a 42-month high of 81,579.

TEDPIX’s leap to a new record came on…

Import prices for hot-rolled coil in Iran continued to trend upward over the week ending August 9, as offers from the mills of Commonwealth of Independent States rose further, supported by tight…

Iran has turned into a country of engineers. Labor force statistics for March 2011-17 show the ratio of engineering technicians to engineers is 1 to 1.7 in the country.

This comes as,…

Iran Mercantile Exchange plans to start bitumen exports to India as per an agreement reached between the two countries’ market regulatory organizations on Thursday. The agreement was signed by…

The phalanx of European leaders, ministers and dignitaries attending the inauguration of Iranian President Hassan Rouhani last weekend was a stunning snub to Washington. It was also a clear…

Mohammad Shariatmadari, vice president for executive affairs, is President Hassan Rouhani’s choice to be the next industries, mining and trade minister.

Shariatmadari, who holds a Master…

A close look at Iran’s non-oil trade during the first presidential term of Hassan Rouhani (August 2013-17) shows that the country’s “non-oil trade” deficit has noticeably shrunk during the four-…

Hassan Rouhani Tuesday named Masoud Karbasian as his pick for the position of economy minister during his second four-year tenure as Iran’s president.

Iran exported 19,000 tons of ice cream worth $87.67 million during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran Customs Administration…

The Iranian government is in talks with the European aircraft manufacturer Airbus to purchase 45 helicopters, a deputy roads and urban development minister said.

The 18th International Exhibition of Food and Food Processing, otherwise known as iFood 2017, is scheduled to be held at Mashhad International Fairground from August 24 to 27, a member of…

A delegation headed by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamreza Shafei is scheduled to visit China from September 5 to 9, the ICCIMA news portal said.…

Ninety-six percent of Iran’s industrial units are small- and medium-sized enterprises, the chairman of Iran’s Small Industries and Industrial Parks Organization said.

“About 1.3 million…

China’s top cyber authority said on Friday it is investigating several of China’s most popular internet platforms over breaches of cyber laws.

The investigation includes China’s most…

Alphabet’s Google canceled on Thursday a company-wide meeting scheduled to discuss the controversy over a memo opposing diversity policies, the company said, citing concerns about personal…

Major shareholders in Iran’s oldest mobile phone firm, Mobile Telecommunications Company of Iran (MCI) seem adamant in their strong opposition to a proposed merger between the company and…

Tarbiat Modarres University student Samaneh Ashnagar is working on a project to increase the effectiveness of sunscreens with the ability to release anti-cancerous substances with the help of…

Mobile Virtual Network Operator, NeginTel, working with Tabriz-based football club Tractor Sazi has released its new AzarTel-branded SIM Cards in the northwestern city.

Since the implementation of Iran’s nuclear deal with major world powers in January 2016, Bank Melli Iran has had a turnover of $20 billion, the bank’s official website announced.