Major changes are underway for the country’s aviation industry, following the initial lifting of sanctions on Iran on Jan. 16.
The first new Iranian aircraft orders for over three decades…
Economy
Economy
The goods and services Consumer Price Index for urban areas reached 11.8% in the 12-month period ending February 19, which marks the end of the Iranian month of Bahman, compared with last year’s…
Economy
Well-known Internet hotel booking service Booking.com has begun listing Tehran's hotels on its website for the first time. The two locations include Ferdowsi Grand Hotel and Tehran Grand Hotel.…
Economy
Samsung Electronics has unveiled innovation that is making a meaningful difference in people's lives in Middle East and North Africa.
Economy
According to a new research project by an American tech analytics firm, global smartwatch shipments reached 8.1 million units in Q4 2015, compared with 7.9 million Swiss watch shipments.
Economy
Sharif University of Technology will be hosting an international event known as Sharif Artificial Intelligence Challenge 2016.
Economy
The country's second mobile phone operator, Irancell, has announced that holders of the company's SIM cards will have a new 4G SIM card delivered to their house by only entering a code. …
Economy
Deputy Minister of Industries, Mining and Trade Jafar Sargheyni said the mining sector's growth is expected to stand at 4% and 12% for the current Iranian year (to end March 19, 2016) and the…
Economy
The US government cleared the manufacturer to begin talking with approved Iranian carriers about their fleet needs, a first step toward entering the country’s resurgent aircraft market, Boeing…
Economy
Tehran Stock Exchange’s main index TEDPIX shed 329.70 points or 0.42% to end Saturday trade at 77,558.2.
Over 3.3 billion shares valued at $224.3 million were traded, indicating a 175% and…
Economy
Last year was a terrible season for the American pistachio industry. Warm temperatures and the lack of water resulted in a loss of almost half the crop, and profits were down by around $1.4…
Economy
Italian fashion house Roberto Cavalli says it has opened its first shop in Iran following the lifting of sanctions earlier this year. Rich in natural resources and with a young, well-educated…
Economy
The Central Bank of Iran closely monitors lenders’ performance regarding interest rates, Valiollah Seif, the bank’s governor said in a conference on the ‘resistance economy,’ IRNA reported. Seif…
Economy
Even though sanctions against Iran were officially lifted on January 16 and Iranian banks got reconnected to SWIFT interbank messaging system, some European banks are exercising caution about…
Economy
Countering the deep and lingering recession stalking the economy should be the government’s top priority, Heidar Mostakhdemin Hosseini, a senior economist said.
“The long-running recession…
Economy
The CEO of Bank Melli Iran has dismissed rumors that bankers’ recent agreement to cut deposit rates is tantamount to a form of “collusion.”
Economy
To promote exports, the government will provide exporters with incentives worth an aggregate of 12,000 billion rials ($396.95 million at official exchange rate) in next year’s budget, Mehr News…
Economy
The government is going to continue its cash subsidy payment system to designated citizens, said Minister of Economic Affairs and Finance Ali Tayyebnia at a press conference on Saturday. However,…
Economy
Western sanctions against Iran had barely been lifted when Chinese President Xi Jinping touched down in Tehran on Jan. 22. He struck several deals and pledged to strengthen "strategic partnership…
Economy
South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan is scheduled to visit Iran at the head of a commercial delegation to attend the 11th session of the two country’s joint economic…
Economy
A representative of Renault-Nissan has announced the launch of two new models, with the long-awaited Kwid being the most likely candidate, adding that the production capacity of Logan and Sandero…
Economy
SsangYong will extend its Tivoli crossover range with a longer, more spacious XLV model this summer. Based on the XLV Air concept first revealed at the Frankfurt Motor Show in September last year…
Economy
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari, heading a delegation of 60 businessmen, visited Munich and Berlin to give German trade ties a boost and…
Economy
The governor of the Central Bank of Iran has called on commercial banks to remain committed to their recent agreement to lower deposit rates that was endorsed by the Money and Credit Council…
Economy
A high profile delegation from the US Treasury Department is set to visit Germany next week, in order to reach a mutual understanding about sanctions against Iran, said Ali Majedi, Iran’s…
Economy
