Economy

Ford US, has patented a new type of transmission published on April 9 by the country’s Patent and Trademark Office, World Car Fans reported on Monday. The new design is believed to be part of Ford…

Yet to be launched in Iran, the new Honda Jazz hatchback has already been launched in other emerging markets around the world. Now, in one of the markets where the Honda Jazz has been already…

General Motors, formally part owned by the American government, has announced it may plan to spend as much as $1 billion renovating its Technical Center, a faculty which is over half a century…

Vietnam’s new vehicle market continued to grow strongly in March, with sales jumping by over 63% to 15,201 units from 9,316 units a year earlier, according to data released by the Vietnam…

The government has issued the import permits of 300 double cab pickups with engines over 2.7 liters for the ministry of agriculture, Donyaye Khodro reported on Sunday. Car import tariffs in the…

The Iranian currency fell across the board on Sunday, as stocks plummeted. The dollar advanced versus the rial, pushing the rial down against all other major currencies and gold.

The…

Having prepared the infrastructure for exiting recession, the ministry of industry, mine, and trade has opened $7 billion worth of credit line for industrial and manufacturing projects, deputy…

Equities in Iran had one of their worst years in recent memory, will this continue? Haunted by political uncertainty and an economic recession, investors fled from stocks taking the index down…

Plans are underway to print 40 trillion rial ($1.4 billion) worth of sukuks or Islamic bonds, adding to the existing participatory bonds, later in the fiscal year which started March 21, a capital…

Central Bank Governor Valiollah Seif is set to travel to the United States to attend the spring summit jointly held by the International Monetary Fund and the World Bank Group.  Accompanied…

The ministry of industry, mine, and trade has indefinitely extended the permission for exporters to export steel products, according to the Iranian Steel Producers Association (ISPA). “Exporting…

Mouteh gold complex in Isfahan Province produced more than 280 kilograms of gold in the Iranian calendar year 1393 (ended March 20), which indicates 18.6% output growth compared to the previous…

Close to 4,000 tons of durum wheat offered by various local suppliers and priced at 11,880 rials per kg, along with 4,785 tons of corn, and 3,065 tons of rice were put up on the board of Iran…

Stocks at the Tehran Stock Exchange (TSE) tumbled on short-term approaches of individual and institutional investors, and lingering uncertainties surrounding the preliminary nuclear deal between…

The possibility of a final nuclear deal between Iran and the P5+1 group (the five permanent members of the UN Security Council plus Germany), especially after the negotiators announced a '…

A Washington-based think tank has admitted that after the 2010 Stuxnet cyber attack, aimed at damaging Iran’s nuclear power plants, Tehran has become far more aware of any future digital threats…

Apple’s new smartwatch is believed to be selling out hours just after going on sale in the United Kingdom, with more than a quarter of the 38 style options already gone off the shelves and removed…

Iran’s internet users are being left out in the cold by Telecommunications Company of Iran, according to the head of the oldest private internet company, Shatel, ICT news agency reported on…

China’s rising mobile phone star Xiaomi today set a new world record  for mobile phone sales, selling 2.11 million new handsets in a 12-hour flash sale held as part of its fifth year…

Based on a recent strategy sketched out by Iran Central Chamber of Cooperatives (ICC) all the inactive cooperatives will be revived within three years, head of ICC Bahman Abdollahi said on Sunday…

Close to $1.16 billion worth of non-oil products  were exported via the customs offices of the southeastern Kerman Province during the past Iranian calendar year (ended March 20), recording a…

Iran is expected to produce close to 30,000 metric tons of shrimp in the current Iranian calendar year (started March 21), head of the Fisheries Organization Hasan Salehi said on Sunday. “Trout…

Home appliances made in European countries will make their way into Iran’s market after the removal of western sanctions (following the recent nuclear deal framework that was reached between Iran…

Iran is planning to send commercial attaches to India, Afghanistan, South Africa and the UAE in the coming days to identify trade opportunities with the target countries, Mir Aboutaleb Badri, a…

Iran proposed a Preferential Trade Agreement (PTA) with India when the head of Trade Promotion Organization (TPO), Valiollah Afkhamirad met with the Additional Secretary to India’s Ministry…