Most impediments to Iran’s accession to the World Trade Organization have been political in nature, says Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh. He added that following…
Economy
Economy
Heading a 16-strong delegation, Andrew Wells, the head of Asia and Africa Committee of Hong Kong General Chamber of Commerce, arrived in Isfahan on Friday to discuss economic, commercial and…
Economy
During the closing ceremony of the 25th Iran-Turkey Economic Commission on Saturday, three memoranda of understanding, aimed at promoting bilateral ties, were signed between the two countries in…
Economy
The influx of trade delegations to Iran is continuing, as the country opens up in the new economic climate generated by the nuclear deal.
Economy
French auto group Peugeot Citroen last week received a license authorizing it to invest in Iran while the joint venture with Iran Khodro Company should be made next summer, with production…
Economy
New-car sales in Russia fell 10% to 125,917 vehicles in March, the smallest decline in 15 months, causing a leading business group in the country to forecast that the market is close to hitting…
Economy
Iran's tire industry has been one of the few remaining sectors in the wider automotive sector to not fall foul of the stagnancy afflicting car sales.
With this in mind, a national tire…
Economy
Western European car sales rose 5.2% in March, according to industry data provided by LMC Automotive.
New-car sales rose to 1.64 million, which are based on national registration data and…
Economy
A British-registered Hummer limo with the license plate "H2 XKX" has been banned from coming into Iran in Urmia, West Azarbaijan province.
The 8-wheel hummer luxury vehicle was stopped by…
Economy
A future fourth national car currently named "X409 Platform" will "rival European competitors" according to Hasem Yekezare, the CEO of Iran Khodro Company, Iran's largest national car producer.…
Economy
The first heavy goods vehicle groupage transport services from Europe to Iran are now being operated by DB Schenker—a division of German railroad company Deutsche Bahn AG that focuses on logistics…
Economy
The Ministry of Roads and Urban Development has sent a proposal to the government requiring builders to assure the functionality of their buildings for the first ten years. The plan would make a “…
Economy
The government is determined to settle its outstanding debts to banks in the current fiscal year (started March 20) or at the most by next year in order to augment the banks’ ability to offer…
Economy
Ministry of Roads and Urban Development is trying to sell some 118,000 apartments from the Mehr Housing project which so far have no buyers , said Ahmad Asghari Mehrabadi, deputy minister of…
Economy
Three new domestic insurance companies will soon start operations, said Rahim Mosadeq, Central Insurance company of Iran’s deputy for planning and development.
Economy
Malaysia’s External Trade Development Corporation, MATRADE, has urged Malaysian lenders to support domestic companies’ trade and investment in post-sanctions Iran.
Economy
Iran’s fairly large toy market is filled with 80% of Chinese products, leaving only 20% for domestic production.
A major problem Iranian toymakers complain about is the fact that there are…
Economy
Tehran Stock Exchange’s benchmark index, TEDPIX, lost 728 points or 0.89% during the week ending April 8 to close at 80,753.
More than 6.4 billion shares valued at $488.2 million were…
Economy
It took the Iranian financial market’s regulator eight years, but the Securities and Exchange Organization has finally joined the International Organization of Securities Commissions, which…
Economy
With sanctions now lifted, many companies may be thinking about doing business in Iran. If you’re one of them, make sure you prepare properly and start early.
Economy
About 22 kg of gold bars were produced by Mouteh Gold Mine from February 20 to March 19 (the last month of the Iranian year), indicating a 22% rise in production volume compared with the…
Economy
More than 684,000 tons of goods worth around $518 million were exported from Markazi Province in the last Iranian year (ended March 19), indicating an 8% rise in volume and 17% decrease in value,…
Economy
A visiting Italian delegation, headed by Adolfo Orso, former deputy minister of economic development, held talks with members of Tabriz Chamber of Commerce, Industry, Mines and Agriculture, in the…
Economy
The government has allocated 64,000 billion rials ($2.11 billion at official exchange rate) for the expansion and renovation of the country’s roads in the current Iranian year (started March 20),…
Economy
I recently went vacuum cleaner shopping in a provincial town in Lorestan, western Iran. There was a great selection available in the shops: some imported, a variety of Iranian-made foreign-branded…
Economy
