Economy

An International Monetary Fund team led by Catriona Purfield held discussions on the 2017 Article IV Consultation with Iran December 2–13.

At the end of the mission, Purfield made the…

Russia signed a deal with Iran on Monday to finance €3 billion for joint manufacturing of 20,000 freight cars, 1,000 passenger cars, 350 locomotives as well as rail transportation equipment.

Ford Chief Executive Jim Hackett says the automaker is reviewing its product portfolio as consumers show a preference for sport utility vehicles that have fuel efficiencies closer to sedans.…

Members of Iran Auto Part Makers Association met with South Korean parts makers over the weekend in Tehran and discussed prospects for expanding ties.

South Korean Ambassador Kim Seung-…

An explosive letter from a former Uber employee has exposed some secret tactics the company has used to keep eyes on the competition. The strategies include secretly recording conversations…

Denmark's Maersk Oil, a new subsidiary of French energy group Total, could sign a deal early next year to develop an offshore Iranian oil project in the Persian Gulf, according to the chief…

Most lawmakers are against a sudden increase in gasoline prices because it will give rise to an inflationary shock, the deputy chairman of Majlis Energy Commission said. Noting that the…

Iran remains a tantalizing and exciting proposition, and the marketing communications (marcomms) industry should, now more than ever, be working at ways of developing it.

The country has…

Iran imported 8.61 million tons of mineral products worth $3.6 billion during the first eight months of the current fiscal year (March 21-Nov. 21), registering a 107% and 38% increase in tonnage…

Tehran Stock Exchange’s main index gained 994.35 points or 1.05% on Sunday to extend its all-time high record to 95,600.8.

The market opened at 8:55 to frenzied trading, breaking past a…

As part of projections made in the Sixth Five-Year Development Plan (2017-22), which calls for gradually reducing the percentage of premiums that Iranian insurance firms are obligated to entrust…

As President Hassan Rouhani aims to reduce his administration’s dependency on oil revenues, one major way to do that is through taxation and the research arm of Iranian Parliament has conducted…

A number of major Iranian private lenders have recently established correspondent relations with Qatar National Bank, the largest bank in the country.

Bank Mellat is planning to sell its 20% stake in Asia Insurance Company as part of plans to shed excess assets and streamline operations.

“Mellat Financial Group, as the handler of the…

The government will allocate 50 trillion rials ($1.19 billion) to bread subsidies and guaranteed wheat purchase scheme as per the budget bill for the next fiscal year (March 2018-19). The figure…

Some 420,000 tons of cucumber are annually produced in Yazd Province in central Iran, making up 23% of the country’s total cucumber production, the head of Kermanshah Agricultural Jihad…

Chairman of Iran-Russia Chamber of Commerce Asadollah Asgaroladi and President of Altai Chamber of Commerce and Industry Boris Chesnokov signed a memorandum of understanding in a meeting on…

The Second International Exhibition of Transportation, Road Construction, Road Maintenance and Related Industries, also known as Iran Trans Expo 2017, was officially opened by Minister of Roads…

About 700 trillion rials ($16.6 billion), in addition to investments by the private sector, have been earmarked to complete development project in Iran as per the budget bill of the next fiscal…

Iran’s National Business Environment Index came in lower in the second quarter of the current fiscal year (June 22-Sept. 22) compared with the previous quarter, according to the results of a…

The first gathering of Iranian and Iraqi trade and industrial players was held at Iran’s Embassy in Baghdad on Saturday.

Iran Space Research Center has developed a drone that can be used for postal delivery. The center unveiled the drone during the 18th Research, Technology Achievements and Techmart Exhibition…

The Telecoms Ministry is planning to equip the provinces with communication balloons to help provide coverage during natural disasters.

According to the ministry’s website, after…

Amazon has started selling Google’s Chromecast devices two years after it originally removed them from its store.

Amazon said it removed them to end customer confusion about which…

A popular technique used by website operators to observe the keystrokes, mouse movements and scrolling behavior of visitors on web pages is fraught with risk, according to researchers at…