Economy

Iran's Competition Council, the body responsible for setting vehicle prices, gave the go-ahead last week to domestic carmakers allowing them to increase car prices.

The council announced…

The M3 has turned 30 and to celebrate the milestone, BMW has presented the 30 Jahre Edition based on the current model. A sports car based on the BMW 3-Series platform, the M3 30 Jahre Edition (…

Car sharing is taking off in a big way globally with several manufacturers pushing ahead with their own schemes.

Zotye has released yet another car in the Chinese market—an SUV called the T600 Sport.

The car manufacturer now known in the local market as a joint producer of the S300 sedan produced by…

Iran and Lithuania have signed a memorandum of understanding to promote joint investment and bilateral trade.

Visiting Lithuanian Foreign Minister Linas Linkevicius and Iran's Deputy…

Iran’s rail freight transit posted a rare growth of more than 180% since President Hassan Rouhani took office in 2013, Mohammad Gharavi, the head of Islamic Republic of Iran Railways’ Transit…

The key housing sector has now been in recession for five years and despite efforts by the government and the ministry of urban development to breathe new life into it, the results have not been…

A member of Iran’s Chamber of Commerce, Industries, Mines and Agriculture has said that anti money-laundering laws need to be pursued and implemented more aggressively because the country is…

Melli Bank London Plc, has obtained operation license from the UK’s banking regulators and is ready to provide services in the European Union, said its CEO, Ghulam Hossein Asgharzadeh Zaferani on…

The newly-appointed deputy for supervisory affairs at the central bank says that “regaining people’s trust” in the banking sector is the first priority in his new job.

Portuguese banks will start relations with Iran as soon as there are more business opportunities for Portuguese companies in Iran, said Portugal’s Deputy Foreign Minister Jorge…

Minister of Economy Ali Tayyebnia, appointed Mohammad Reza Hosseinzadeh as the chief of Bank Melli Iran. Hosseinzadeh, a member of BMI’s board of directors, was serving as the interim head of the…

Tehran Stock Exchange’s all-share index TEDPIX lost 303.60 points or 0.4% to end trade at 76,387 on Sunday. Oil refineries, banks and engineering and mining holdings weighed most on the benchmark…

As many as 710 domestic and 746 foreign companies have signed up to take part in the 23rd international exhibition of food and agriculture, known as Agro-Food 2016, which opens at Tehran’s…

Iran maintained its position as the world’s 14th largest crude steel producer by manufacturing 16.1 million tons of the industrial material in 2015, despite a 200,000-ton drop compared to a year…

With international sanctions gone, Iran has not only become an interesting market for foreign trade, but also for investors.

They want to invest money or buy Iranian resources, which has…

Korean Expo 2016, a three-day exhibition for South Korean products, was held at Tehran International Fair last week.

Organized by the Korea Trade-Investment Promotion Agency (KOTRA), the…

While the lifting of sanctions gave rise to many potential benefits for Iran’s economy, the country’s leaders face new fiscal challenges.

An article recently published in UK news website…

The average goods and services Consumer Price Index for rural areas in the 12-month period ending May 20, which marks the end of the Iranian month of Ordibehesht, reached 9.4% compared with last…

Representatives of 45 Japanese companies participated in the Second Seminar on Potential and Future of Iran’s Automobile Industries and Auto Parts held in the Iranian Embassy in Tokyo last week,…

The government’s plan to print tracking codes on cigarette packs will be implemented in the next three months, the head of Tobacco Planning and Supervision Center said. “The implementation of the…

Iranians developed 70,000 mobile applications in the last year and a half, calling for teaching programming languages in Iran’s universities.

A Turkish company selling its equipment around the Middle East is looking to sell its face and car recognition technology to Iran's police force.Ekin Patrol, which has been available in Europe for…

Iran and Turkey have held their first-ever meeting on scientific and technological cooperation in the Turkish capital Ankara.

The session was attended by Iran's Minister of Science,…

Headed by President Hassan Rouhani, Iran's High Council of Cyberspace ruled that popular online messaging networks have a year to move their servers to Iran.

Foreign messaging applications…