Economy

Byton, the Chinese electric-car startup is seeking about $400 million in a new round of funding, people with knowledge of the matter said.

Kerman Motor, Iran’s second largest private carmaker has halted the assembly of three Chinese-derived models namely JAC J5 and Lifan’s model 620 and X50.

The models are to be replaced by…

Ford Motor Co has estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker…

The Ministry of Agriculture has allowed rice importers to register orders from Jan. 21 until June 21.

The permission was communicated by Agriculture Minister Mahmoud Hojjati in a letter…

Pakistan and Iran have decided to resume a fortnightly passenger train service between the two countries by September 2018.  The decision was made at a meeting of rail officials from the…

About 3,000 tons of apparel worth $39 million were exported from Iran during the nine months to Dec. 21, 2017, the Islamic Republic of Iran Customs Administration announced.

Representatives from Iran, Russia, India, Belarus and Azerbaijan will attend a forum on the International North-South Transport Corridor in Tehran on February 17, director of the Islamic…

Belgium-based research organization International Crisis Group has commissioned a survey of more than 60 senior managers with direct responsibility over Iran business at leading international…

The Iranian housing sector is witnessing a notable increase in residential deals in a sign of imminent recovery, but a deputy roads and urban development minister said this will not translate…

The Central Bank of Iran is focused on creating new models of payments involving mobile phones and boost the security of existing ones, the head of the bank's Payment Systems Department said.

Iran’s central bank has filed a suit in Luxembourg against Deutsche Boerse’s Clearstream unit seeking to recover $4.9 billion in assets plus interest, the German stock exchange operator said on…

Money supply reached 13.9 quadrillion rials ($312.35 billion) in the second quarter of the current Iranian year to Sept. 22, 2017, marking a growth of 10.9% compared with the same period of last…

A delegation from Kyrgyzstan’s Ministry of Health visited Iran last Sunday within the framework of a memorandum of understanding on joint cooperation in the field of healthcare, medicine and…

Iran warned on Wednesday that its multibillion dollar deals for Airbus planes had been thrown into doubt by US President Donald Trump's attacks on the nuclear deal.

The 14th session of Iran-Belarus Economic Commission will be held in Tehran on January 22-23, a spokesman for the Belarusian Ministry of Foreign Affairs, Dmitry Mironchik, told a press briefing…

With the shadow of political risks receding, investors went back to cashing in on rising global commodity prices and stocks kept growing after weeks of lackluster trade.

Tehran Stock…

Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.

Crude oil…

Startups could help combat air pollution by developing sensors and control systems, the deputy for renewable energy at the Vice Presidency for Science and Technology said. Sirous Vatankhah…

Finland’s Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country’s…

Iran and Pakistan have agreed to expand bilateral scientific ties.

The agreement was reached during a meeting between Pakistani Minister for Science and Technology Rana Tanveer Hussain…

Targeting Iranian stock traders and investors, the local startup ‘Raahkar’ (meaning solution in Persian) has started offering online market services.

The services are accessible through…

Alphabet Inc.’s Google and Tencent Holdings Ltd. have agreed to share patents covering a range of products and technologies, marking an alliance between two of the world’s largest corporations…

The US dollar made new gains against the rial on Wednesday, but stopped short of crossing another psychological barrier. The rial was quoted at 44,400 to the dollar in Tehran’s open market,…

With the next plenary meeting of the intergovernmental Financial Action Task Force in sight, which will also rule on Iran’s cooperation with the anti-money laundering body, the country could…

Bank Maskan, as the country’s only specialized lender in the housing sector, will be supported by the Iranian government, particularly the Ministry of Roads and Urban Development and the…