Economy

Karmania — a local automaker and official representative of China’s BYD— has delivered the first all-electric bus manufactured by BYD to Shiraz Municipality.

Shiraz Mayor Alireza Pakfetrat…

LG Chem based in Seoul has denied a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries to Volkswagen Group.

The South Korean Dong-A…

The second auto producer SAIPA will introduce two new models before the end of the current fiscal (March 2018), the company CEO Mehdi Jamali, said without elaboration.

The firm is to…

Austria’s ABL is in a joint venture with an Iranian company (unnamed) to produce fuel-efficient car engines, said Industries Minister Mohammad Reza Nematzadeh.

Iran's publicly traded companies account for about 23% of the country’s GDP, excluding crude oil.

According to Securities and Exchange News Agency, the aggregate production of companies…

Iran met 96% of the budgetary outlay of 2.94 quadrillion rials ($78.8 billion) for the last Iranian year (March 2016-17), the head of Planning and Budget Organization said.

A draft proposal for regulating digital currencies has been developed by Iran’s National Center for Cyberspace and is set to be passed by the High Council of Cyberspace in the next four months, an…

The Iranian housing market has been mired in recession for the past four years, but while its gradual recovery is almost certain, it will heavily hinge on what President Hassan Rouhani’s…

First Vice President Es'haq Jahangiri has called on the Central Bank of Iran to strictly deal with illegal financial institutions as part of the government's efforts to crack down on corruption.…

Bank Melli Iran has shifted its corporate social responsibility activities to cover the medical expenses of needy patients, BMI's CEO has announced.

About 10,000 tons of dates worth close to $40 million are exported from Iran’s southern Hormozgan Province every year, an official with Hormozgan Agricultural Jihad Organization said.

South Khorasan Province’s ultimate target is to increase the outsourcing of Kazakhstan’s farmland area to 10,000 hectares, director for market control with the South Khorasan Agricultural Jihad…

Over the past month, Oman has returned part of Iran’s agricultural shipments that lacked pesticide control certificates, the head of the National Union of Agricultural Exporters said. “…

About $137 million worth of goods were exported from and $381 million were imported to the southern Kish Island in the last Iranian year that ended March 20, 2017, registering a 30.5% rise and 15.…

Eleven development projects worth 6,180 billion rials ($167.02 million) will come on stream in the southern Shahid Rajaee Port by the end of the current fiscal year (March 2018), the director…

Tehran Stock Exchange’s main index lost 137.20 points or 0.17% to end Tuesday trade at 79,426.9.

About 555 million shares valued at $53.18 million changed hands for the day.

Shahd…

Only 4% of all commuters to and from Tehran use rail transportation, the minister of roads and urban development said. “Some 1.3 million people commute to and from the capital city on a daily…

The Iranian iron ore sector has experienced tough times in the last few years.

“Of the 145 small and medium iron ore mines operating in the fiscal year 2013-14, only nine are still…

The government of President Hassan Rouhani has delivered a convincing performance in the fight against corruption, yet it will take years to stamp out corruption from Iranian society and economy,…

Iran has cleared more than 40% of the fine it was told to pay Turkey by an international tribunal for overpricing natural gas it sold to the Eurasian country, said Asadollah Gharekhani, spokesman…

A knowledge-based firm called ‘Ideh Vision Ertebatat’ has introduced a new app called Hamloo for the busy motorcycle delivery market. Android and iOS versions of the application have been…

Telegram messenger voice calling feature was blocked before the Iranian presidential election on May 19 due to security reasons, Minister of Telecommunications and Information Technology Mahmoud…

Users of the partly South African-owned MTN-Irancell company are dropping out of the mobile network service at an unprecedented rate, while the older and bigger Mobile Communications of Iran (MCI…

Britain, Canada, New Zealand, Australia and the US, will meet next month to push ahead with plans to crack down on technology firms with a scheme to force them to share their encrypted data with…

Gold coin price dropped on Monday, after an irrational bull run on the previous day had sent it to a new high in Tehran market.

The benchmark coin was sold for 11.99 million rials ($320),…