Economy

French automaker PSA Group in a press release said that the company’s global sales in the first quarter of 2017 amounted to €13,629 million, of which €9,018 million was for the Automobile Division…

Following a denial by a senior Khodro Sazi Sina executive that his company had won a contract against Mammut Khodro to produce Volkswagen vehicles in Iran, the German automaker has responded with…

The average house price in Tehran stood at 43.7 million rials ($1,165) per square meter, registering a year-on-year increase of 3.6%, the latest report of the Central Bank of Iran for the first…

President Hassan Rouhani's policy regarding the housing sector revolves around moving away from construction in underdeveloped areas as in the Mehr Housing Plan and supporting distressed urban…

The Central Bank of Iran has recently decided to move international settlements from Persian Gulf states to Russia and Turkey, said the governor of CBI.

"The decision is aimed at…

Bank of Industry and Mine has allocated 253 trillion rials ($6.8 billion) in loans to 1,427 industrial projects during the four years of the incumbent administration (started August 2013). These…

Bank Melli Iran has recorded a good year in its international dealings with the volume of foreign exchange transactions reaching "about €10 billion" during the previous fiscal year that ended on…

Iran's ranking has improved across several indices in World Bank Doing Business reports in recent years because the country has increased its data-sharing with the bank, which had previously been…

Former foreign secretary of the United Kingdom, Jack Straw, said his country’s trade with Iran saw a 42% rise over the past year following the implementation of the nuclear agreement, formally…

Some 315,200 tons of sugar worth $136.2 million were imported by the state-owned Government Trading Corporation of Iran over the 11 months to February 18, registering a 93.5% and 190.4% growth in…

Some 8,090 production units were set up in Iran’s industrial parks and zones since Hassan Rouhani took office in August 2013. Over the same period, about 3,470 units closed down, meaning twice as…

In its latest quarterly report on Iran’s economic performance, the Middle East Bank reviewed fluctuations in the country’s foreign exchange market in the last Iranian year (ended March 20, 2017…

A total of 1.99 million tons of oil-based and non-oil commodities were imported into Iran by land in the last Iranian year (March 2016-17), registering a 30% rise compared with the year before,…

The construction of the first section of the Tehran-North freeway project connecting the capital city to the northern Mazandaran Province has made 83% progress, the minister of roads and urban…

Consistently low oil prices and government plans to diversify revenue streams have turned investors toward other sectors of the Iranian economy. One of those to watch in the year ahead will be the…

The downward trend in the global flat steel market has finally sparked interest in foreign material among Iranian customers and trading companies.

Tehran Stock Exchange’s main index gained 946 points or 1.2% during the week that ended April 19 to close at 79,597.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, gained 14 points…

The Industrial Development and Renovation Organization of Iran has signed a joint venture contract with Russia’s CJSC Transmashholding to manufacture 500 wagons in Iran.

Iran’s cement industry is operating at half capacity, the deputy head of Cement Employers Association said. Even so, Morteza Lotfi added, there is not enough demand inside the country, IRNA…

Using new gene-editing technology, US researchers have rewired mouse stem cells to fight inflammation caused by arthritis and other chronic conditions in a landmark experiment which could be used…

Microsoft Corp slightly missed Wall Street’s average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in…

Head of the Mobile Telecommunication Company of Iran (locally known as Hamrahe Aval) said at the company’s general assembly meeting that MCI has attracted 103 trillion rials ($2.7 billion)…

Some $3.5 billion worth of foreign direct investments have been made in Isfahan Province since President Hassan Rouhani took office in August 2013.

Most of the investments have been made…

In spite of US President Donald Trump’s inflammatory remarks on the nuclear deal (formally referred to as the Joint Comprehensive Plan of Action) and their negative impact, there is room for…

The Central Bank of Iran has notified regulations for digital and mobile payments to the banking network.

According to CBI's website, the technology to be used in the payment process is…