Economy

China's BYD is on the cusp of launching in the Iranian market the S6 sport utility vehicle with a special offer price of 920 million rials ($26,000).

The model, according to Donyaye Khodro…

The range of Lexus’ hybrid NX vehicles is getting cheaper, according to a new report from Donyaye Khodro.  That’s right, a foreign imported car has actually declined in the domestic market…

Indian fertilizer companies have shortlisted a subsidiary of Iran’s Bank Pasargad for jointly setting up a urea manufacturing plant in Iran’s southern Chabahar port city.

Nearly a third of Iranians work in the grey economy, Labor Ministry officials say.

It is a shift brought about by recession in the past half decade due to poor economic policy and sanctions…

Tehran Stock Exchange’s all-share index TEDPIX lost 475.60 points or 0.62% to end Tuesday trade at 76,630.4.

Significant losses incurred by heavy vehicles, mining and oil refining companies…

Khorasan Steel Complex exported a record high of 32,000 tons of steel products to Iraq, Pakistan, Afghanistan and Turkmenistan from February 20 to April 19 (the Iranian months of Esfand and…

Tehran and Seoul have signed an agreement to partially ease regulations governing South Korean cosmetics exports to Iran starting from later this year.

A Portuguese trade delegation will visit Tehran and Isfahan later this month, the European country’s Ambassador to Iran Mario Damas Nunes said during a visit to Iran Chamber of Commerce,…

Gross domestic product for the last Iranian year (March 2015-16) remained the same as that for the preceding year, that is zero economic growth, said the president of Tehran Chamber of Commerce,…

Singapore has signed an agreement to invest up to €400 million in Iranian maritime projects.

Lawmakers on Tuesday passed a law, requiring all houses to be insured against natural disasters. They also approved a proposal for establishing a special fund specialized for covering losses…

The British Bankers’ Association (BBA) has circulated a note to members asking them to send senior representatives to a meeting with US Secretary of State John Kerry later this week.

The…

Tejarat Bank has agreed to provide banking services and loans to the Islamic Republic of Iran Shipping Lines. Mohammad Saiedi, head of IRISL, said that his company reviewed the performance of all…

Bank MelliHamburg branch has resumed its banking activities after international sanctions against Iran were lifted in January.

Central Bank of Iran Governor Valiollah Seif has urged parliament to suspend the controversial banking reform bill due to be debated by lawmakers in the coming days.  

Behrooz Bonyadi…

The government is preparing a lawsuit against the US at the International Court of Justice over a US Supreme Court ruling which would transfer over $2 billion in frozen Iranian funds to American…

Traditional ADSL Internet provider, HiWeb, has announced it is expanding into new territory by offering 4G Internet packages to rural areas across Iran, extending high-speed web connections for…

Music streaming service Spotify has seen a faster pace of growth since the launch in June last year of rival Apple Music, a top executive said on Monday.

Spotify, which was created in…

About 80% of Iranian households now have access to fast broadband Internet, with a growing share getting access to speeds of 20 megabit per second, the vice president for communications…

Iran has exported a nano cargo to South Korea, which is the first-ever such shipment after the removal of nuclear-related sanctions on January 16, Iran's vice president for science and technology…

Hit by a lower demand in mobile networks, Nokia has reported a first-quarter net loss of €513 million ($584 million) since it acquired Alcatel-Lucent, down from a standalone profit of €177 million…

Tehran and Muscat are looming large on the radar screen of Thai AirAsia X (TAAX) for its first foray into new markets.

The inauguration of regular services to the two cities by Thailand’s…

The ban on wheat imports would remain up until the end of the current Iranian year (March 20, 2017), says a deputy agriculture minister.

“Orders registered last year might be shipped into…

Mushroom production is more often than not advertised as an easy investment opportunity that can, just like fungi, produce fruit in no time and allow the producer to benefit from its lucrative…

Based on an agreement signed between Tehran and Algiers, Iranian private sector companies are to build 100,000 housing units in Algeria in the next five years, says secretary-general of…