Economy

Several national carmakers have begun to offer special discounts on several vehicles in commemoration of the anniversary of the liberation of Khorramshahr from the occupying forces of the executed…

France's Renault has announced it will start assembling the Kwid hatchback at Ayrton Senna Industrial Complex in Curitiba, Brazil.

The modified Brazilian version of the originally Indian-…

Doha Bank, Qatar’s fourth largest lender by assets, said that while it expects to see consolidation in its (P)GCC operations in 2016, the bank is still eyeing expansion into new markets that may…

David Lipton, first deputy managing director of the International Monetary Fund arrived in Tehran Sunday. He will confer with the governor of the Central Bank of Iran, Valiollah Seif, Oil Minister…

Head of Iran Chamber of Commerce, Industries, Mines, Agriculture voiced opposition to protectionism in all of its forms, demanding free-market economics be upheld by the incoming parliament.

Tehran Stock Exchange’s primary index TEDPIX lost 275.40 points or 0.36% on Sunday to wipe the previous day’s feeble gains and close at 75,863.2. Mining and investment companies had the most…

Supermarket and chain store shelves are nowadays filled with a variety of cakes and cookies, and this is an indication of the diversity of production.

More than 100 industrialized and semi-…

Iran is currently the world’s 15th biggest mineral-rich country, holding more than 7% of global mineral reserves worth over $700 billion.

Mineral experts believe that the country could…

About 3,000 billion rials ($87.03 million at market exchange rate) will be allocated for the cultivation of colza in the current Iranian year (March 2016-17), said an official with the Ministry of…

Iran’s imports from Arab and African states decreased by more than 36% in the last Iranian year (ended March 19, 2016) compared to the previous year to stand at $8.2 billion, director general of…

Australia’s federal government will provide $5.3 million over the next four years for reopening its trade office in Iran.

The office, which closed in 2010, will be located within the…

Iran educates its women to much higher university levels than before but when they complete education, their economic potential is often squandered.

Female participation in the labor force…

Bilateral trade with Tunis stands at about $40 million per year, Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh said.

A 17-member commercial delegation from India entered Alborz Province on Sunday to discuss opportunities for bilateral cooperation with their Iranian counterparts.

The names of mobile virtual network operators will likely be announced at the Iran Telecom Conference at Kish on May 25. Twenty firms had applied for the license to extend the service, but names…

Iran's mobile operators Mobile Telecommunications Company of Iran (MCI or Hamrah-e-Aval), MTN Irancell and RighTel have announced that trials have been conducted and the companies are ready to…

Google Analytics, a service provided by the search giant to help track metrics on a website, is now available in the Islamic Republic for the first time.

The issue of Google banning many…

Coinciding with the First Architecture Biennial in Tehran, a new application named Peeyade (meaning pedestrian in Persian) was launched on Friday.

Launched at the House of Urban Art and…

Iran is poised to become a major trade and logistics hub, as the government is mooting projects to boost production and improve infrastructures through partnerships with various countries.

PSA Groupe’s Citroen brand plans to launch five new models in the Iranian market, according to a report released in local media over the Iranian weekend. According to a report by IRNA, the French…

India will settle its $6.5 billion oil debts to Iran through Turkey’s Halkbank, said India’s ambassador in Tehran, Saurabh Kumar on Saturday.  

A member of Tehran’s Chamber of Commerce, Industries and Mines says easing of the recession in the housing sector should not be expected anytime soon. Contrary to most observers, he says the…

 Kosar Credit Institution has reemphasized the importance of government financial support for increasing the capital of commercial banks as crucial to energizing the banking industry.

Conditions are right for establishment of foreign bank branches and correspondent offices in Iran, governor of the Central Bank of Iran Valiollah Seif, said Saturday.

“Foreign banks are…

Bank Parsian this week held a conference on “Challenges Iranian Businesses Face in Upgrading to International Financial Reporting Standards” in Tehran. According to the lender’s website, the event…