Economy

Flying drones have been banned in Tehran following two instances when the unmanned aerial vehicles flew over restricted airspace in central areas. Licenses will now only be granted to “relevant…

The total number of mobile live streaming viewers will approach 500 million by 2020 in China, generating a market of approximately $13 billion, according to a report by Huawei X Labs and China…

The first robotic complex in Iran housing a number of domestically-built intelligent waiter robots capable of interacting with humans is set for launch in the near future.

Esmaeil Mehrabi,…

As Iran’s startup ecosystem grows, startups and accelerators are joining in at breakneck speed. 

According to recent statistics, there are currently about 40 accelerators in the…

Bank Melli Iran and the Central Bank of Russia have agreed to revitalize cooperation to support the two countries’ trade ties.

During a meeting with Dmitry Skobelkin, the deputy governor of…

A number of provisions in a revised law pertaining to motor insurance will ensure that premiums will be set fairly by considering criteria such as driving records, announced the head of the…

The exponential growth of fintech startups in Iran, along with financial and technical services provided by various domestic entities, has placed Iran on the path to become a regional fintech hub…

Tehran Chamber of Commerce, Industries, Mines and Agriculture is to host a high-ranking Slovak delegation on March7, 2017, to pursue the development of financial trade and ease banking relations…

Since three years ago, the Central Bank of Iran has endeavored to simplify the process of establishing foreign banks in free trade zones in line with economic policies, the secretary-general of…

The government will grant 800 billion rials (over $21 million) in aid to farmers whose orchards were damaged in Mazandaran by frost last November, the head of the northern Iranian province’s…

Iran has hired an attorney and plans to fight the European Steel Association’s allegations that the country is engaging in dumping practices in the continent, according to deputy minister of…

After the decision of the government to go for a long-term lease plan instead of privatizing Pakistan Steel Mill, an Iranian firm and some other local companies finally agreed to get the mill on…

Tehran Stock Exchange’s main index gained just 39.60 points or 0.05% to end Monday trade at 77,698.2.

About 650 million shares valued at $42.2 million changed hands for the day.

…

Industrial towns in Tehran province attracted $230 million in foreign direct investment during 11 months of the current Iranian year (March 20, 2016-Februray 18, 2017), the managing director of…

Iran and France signed a memorandum of understanding in Tehran on Sunday to boost cooperation in the rail sector.

The MoU stipulates French cooperation with Iran for railroad expansion and…

Afghanistan imports some $2.8 billion worth of commodities from Iran every year, according to the Afghan envoy to Iran, Nasir Ahmad Nour.

Iranian handicraft exports are estimated to reach $200 million by the end of the current fiscal year (March 20, 2017), according to the secretary of Handicraft Exporters Union. “If we include…

Foreign trade is one of the pillars of world economies. To maximize its benefits, increasing the weight and value of non-oil exports is of vital importance.

Close to 60% of Iran’s imports come from five countries. 

According to figures released by the Islamic Republic of Iran Customs Administration, more than 27.55 million tons of goods…

Japan’s Mitsubishi Aircraft Corporation has put on hold its plan to sell aircraft to the Tehran-based Iran Aseman Airlines amid concern over American policy regarding the Islamic Republic under US…

Finland’s deputy minister of economic affairs and employment, Petri Peltonen, and deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, Pedram Soltani, attended a joint…

Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals…

The national police chief Hussein Ashtari says the Kia Cerato has been selected for use as the new police car in Iran.

Iran's police fleet has recently been using locally made Iran Khodro…

An independent local automotive firm Carmania Arvand has signed a collaboration deal with the Turkish bus manufacturer TEMSA (Termomekanik Sanayi ve Ticaret A.S). 

Carmania’s director…

Iran’s auto market will receive two new imported Peugeots by August. One of models to make it to the expanding car market is the large 3008 SUV.

It will be imported as a completely built…