Economy

Steel import tariff rates have always been a sensitive issue for government officials and industry players. 

Raising the tariff bulwark gets steelmakers cheering for the newfound…

Japan’s domestic sales of new cars, trucks and buses rose 8.6% in January from a year earlier, the Japan Automobile Dealers Association said Wednesday. Sales of all vehicles totaled 258,085 in…

India’s Bajaj Auto’s December quarter performance sprang a positive surprise for the owners of the company. At a time when analysts had penciled in subdued results after factoring in the drop in…

The Statistical Center of Iran (SCI) has released the latest figures on auto imports for the first ten months of the Iranian year (March 20, 2016-January 19).

The Seventh Golestan Auto Show opened on January 31 in the northeastern region’s capital city Gorgan, according to local automotive press. More than 40 local and international firms are at the…

The Czech Republic government has considered opening a $100-million credit line to encourage trade with Iran, said Martin Tlapa, Czech deputy foreign minister, during a meeting with the Iranian…

The National Development Fund of Iran, the country's sovereign fund, announced that it plans to make investments in international money and financial markets "so that its assets can act as a…

A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the rules easing travel for bank debtors, noting that executive bodies should understand the fact that the…

Bank accounts of all public organizations should be transferred from commercial banks to the Central Bank of Iran, a deputy minister of economy said.

The main component of the Central Bank of Iran’s grand plan to overhaul its financial oversight regime has been presented to the Money and Credit Council for final approval, an advisor to the…

Although Iran is set to hold two important elections, namely the presidential and city and village councils polls, in May, there will be no fluctuations in the housing market and the sector is…

Iranian Mines and Mining Industries Development and Renovation Organization has concluded the preliminary exploration of all 22 mineral zones it operates across the country, announced IMIDRO’s…

Iran has attracted about 53.5% of the $3.65 billion of investment required for realizing its crude steel capacity expansion goals by 2025.

The country aims to become the world’s sixth…

Much as the government’s painstaking efforts to renew Iran’s aging air fleet have grabbed the attention at home and beyond borders, critics continue to downplay the move.

The deals for 80 Boeing jets and 100 from Europe’s Airbus struck last year are seen by western investors as a crucial test, as they seek business in Iran in the wake of the nuclear deal that led…

Cooperatives account for 16.5% of Iran’s industrial units as well as 6.6% of all the jobs created in the industrial sector.

At present, close to 17,200 cooperatives are active in different…

A 30-member delegation from Iran, headed by Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari, attended a joint business forum in Prague, Czech Republic, on…

Exports by Iran’s small- and medium-sized enterprises during the nine months to December 20 amounted to $1.6 billion, according to the deputy head of Iran’s Small Industries and Industrial Parks…

Mobile calling app Viber is the latest tech company to offer help to those affected by President Donald Trump’s immigration and travel restrictions. 

The managing director of Iran’s largest mobile operator, Mobile Communications of Iran (MCI or Hamra-e-Avval), Mahdi Sadoghi, says Iran has 0.15% share of global mobile data usage but he ranking…

The University of Tehran is set to hold a three-day ‘startup weekend’ titled Entrepreneurship in Information Technology from February 1-3. According to the official website of the event, it will…

Mobinnet data center and TD-LTE Internet network was inaugurated in Tehran on January 29. 

Mobinnet is a semiprivate Iranian Internet service provider which also offers WiMAX broadband…

Sales and marketing departments of insurance companies have been unusually busy in recent days, as more people are referring to insurers to insure their properties against fire.

More than a year into the implementation of Iran’s nuclear accord and the lifting of international sanctions, the country is looking to expand its business ties with Italy after a number of…

The rial was quoted at 38,210 to the US dollar on Monday, gaining 0.79% against the greenback compared with Sunday’s close, according to Tehran Gold and Jewelry Union’s website. The average…