Economy

Right now, the US is doing the rest of the world a big favor by locking itself out of one of the largest and more attractive pre-frontier markets: Iran.

Iran’s National Business Environment Index in last winter (Dec. 21, 2016-March 20, 2017) stood at 5.83, registering a 0.03 unit or 0.6% improvement compared with autumn (Sept. 23-Dec. 20,2016),…

The Iranian government has asked domestic steel mills to allocate more billets to the domestic market where demand has increased significantly, informed sources in Tehran said on Thursday.

Tehran Stock Exchange’s main index TEDPIX gained 163 points or 0.2% during the week that ended on August 16 to end at 81,741.9.

Trading at Iran’s stock markets starts on Saturday and…

The average Iranian household living in urban area spent more than they earned in the last fiscal year (March 2016-17), the Central Bank of Iran’s latest report shows.

About 17,600…

The value of Islamic bonds issued in Iran’s capital market has reached 120 trillion rials ($3.17 billion), chief executive of the Central Securities Depository of Iran, Mohammad Reza Mohseni,…

Nokia is back from the dead with its Nokia 8 model which hopes to take on Samsung and Apple.

The company has already released mid-range phones designed by the company, but the new Nokia…

The state-owned Iran Post Company is looking for a slice of the online packet delivery pie with the help of new app-based services.

Director of the company, Hossein Mehri, said this week…

Chinese personal computer maker Lenovo Group Ltd posted a first-quarter loss on Friday. The company cited higher costs and slower growth in the personal computer market, and said the outlook was…

The second Startup Weekend titled ‘Entrepreneurship in Fashion and Technology’ was held this week focusing on developing new talent in the fashion and retail industry in Tehran.

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Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the banking system after almost 45 years have now been sent to the…

In order to curb the construction of substandard buildings, the dire need of passing a relevant bill by the parliament to ensure quality assurance is inevitable, a deputy at the Ministry of…

Iran is set to attract more foreign direct investment to buttress its economy, First Vice President Es'haq Jahangiri announced.

Jahangiri was speaking during his address to the…

Economy minister-designate, Masoud Karbasian, elaborated his plans for the key ministry in parliament on Wednesday, emphasizing that the ministry will join hands with the Central Bank of Iran to…

Tehran Stock Exchange’s main index added 45.60 points or 0.06% to end Wednesday trade at 81,741.9.

About 886 million shares valued at $71.31 million changed hands for the day.

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Iran says joining World Trade Organization is no more a priority for the country – a change of dominant tone since the signing of the nuclear deal between Tehran and world powers in July 2015 –…

The average price to earnings ratio of Tehran Stock Exchange-listed companies stands at 5.6. This is while 18 companies at TSE have a P/E ratio of higher than 100 and 14 others are in the…

Chinese steel was everywhere in the world for the good part of the past few years. Disheartened Iranian producers were unable to compete with low prices and downstream users sidestepped local…

Hit hard by the H5N8 bird flu virus last year, the Iranian government says in case the deadly strain strikes again in fall and winter, imports will be allowed with a 5% duty.

The Islamic Republic of Iran Customs Administration has issued a directive to ban wheat import.

The directive, which concerns all types of wheat, follows a request submitted earlier by…

The purchase of black grapes, grown in 9,100 hectares of Kurdestan Province, has been guaranteed by the Organization of Rural Cooperatives of Kurdestan in the current Iranian year (March 2017-18…

Chinese SUV brand Haval, which was supposed to enter the Iranian auto market in 2016, has finally been delivered.

Haval is a Chinese automotive brand owned by Great Wall Motors. The sub-…

Iran Khodro dealers confirm that the new Peugeot 301 sedan is priced at 949 million rials ($24,973), and will be delivered to buyers in ten days.

The 301 model is assembled by IKCO under…

Opel is piloting a new retail format that offers German customers the opportunity to purchase a new car while shopping in a mall, mimicking a concept first developed by the UK’s Rockar…

Iran Khodro has unveiled the DongFeng S30 as part of a push to broaden its space in the taxi fleet.

The model, showcased during the Tehran Auto Show, will be offered only as taxis with…