Economy

Nike’s CEO Mark Fields confirmed reports that the company will start selling some items directly on Amazon as part of a new strategy to boost sales on the world’s biggest selling platform.

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Internet users in Iran will enjoy higher connection speed through mobile phones and fiber optic networks (fiber-to-the-home) with speeds up to 50 times faster than what is currently available.

A new study by analyst firm App Annie suggests that the global mobile app economy was worth $1.3 trillion last year, and is poised to reach $6.3 trillion by 2021 as users spend more money on apps…

Ukrainian state power distributor Ukrenergo was hit by another cyber attack on Thursday which used a computer virus different from one that hit Ukraine on Tuesday, said Ukrenergo’s acting head.…

The budget for the current fiscal year (March 2017-18) has allocated 80 trillion rials ($2.13 billion) to transportation projects, Deputy Minister of Roads and Urban Development Amir Amini said.…

Iran-China trade stood at $15.2 billion during the five months to May 21, 2017, registering a 41% increase compared to around $10.8 billion in the corresponding period of last year.

Eranico…

The average house price in Tehran reached 45.6 million rials ($1,216) per square meter, marking a year-on-year increase of 5.4% during the month to June 21. 

The price hike came as…

Shaparak, Iran's domestic payment network, latest data shows that more than 79.5 million bank cards have been used at least once during the month that ended on May 21.  1

In what was another auspicious development for Iran, Euler Hermes has offered to cover Iranian projects, which move is expected to ease the flow of investment into Iran and enhance the country’s…

Mines in Hormozgan Province exported 183,000 tons of minerals worth over $5 million during the first quarter of the current fiscal year (March 21-June 21), registering a 40% growth in both trade…

Tehran Stock Exchange’s main index gained 39 points or 0.05% to end Wednesday trade at 78,704.5.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Monday and…

Economist Mousa Ghaninejad believes that remarks recently made by President Hassan Rouhani in the presence of business owners on the National Day of Guilds can help figure out the incoming…

The growing consumption of cosmetics and personal care products has turned the beauty sector into one of the most lucrative and exciting industries in the world. 

Iran’s exports to Ghana in the last Iranian year that ended on March 20 increased by 170% compared to the year before to stand close to $2.3 million, director general of Trade Promotion…

More than 2,180 tons of Iranian cheese worth 233.6 billion rials (over $6.22 million) were exported during the first month of the current fiscal year (March 21-April 20), the Islamic Republic of…

Close to 1,774 tons of unshelled peanuts worth 82.66 billion rials ($2.2 million) were imported into Iran during the first month of the current Iranian year (March 21-April 20), the Islamic…

Small Industries Investment Guarantee Fund issued its 1,000th letter of guarantee for a manufacturing unit in Qazvin on June 21, managing director of the fund, Mohammad Hossein Moqeiseh, said.…

The government is going to waive delay penalties for miners who move to clear their royalty debt. The measure is aimed at helping financially distressed mines to resume operations, stem rising…

Tens of projects worth 30 trillion rials ($800 million) are under construction in Shahid Rajaee Port in southern Hormozgan Province, the head of Hormozgan Ports and Maritime Organization said.…

Projects worth $330 million have been identified in Iran’s central Markazi Province for foreign investment in the current Iranian year (March 2017-18), the director general of Markazi Economic…

As much as 470 trillion rials ($12.5 billion) have been invested in the rail sector since August 2013 when President Hassan Rouhani took office, a deputy roads and urban development minister said…

The final price of Peugeot 2008 still remains vague as Deputy Minister of Industries, Mining and Trade Mohsen Salehinia dismissed speculations, saying no final price has been “officially”…

Iran Khodro Group, the largest automaker in the country, says it registered 8% growth y/y in the first quarter of the current fiscal year (March 21- June 21).

A report by the company stated…

Urmia, the largest city in West Azarbaijan Province, is set to host an exhibition of vehicles and auto parts from July 4-7, said the manager of expos in the city, Alireza Ajezi.

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Volkswagen has announced it will cooperate with American chipmaker Nvidia on new deep learning technology that may be used inside the carmaker’s future vehicles. “Artificial intelligence is the…