Economy

Sources familiar with the workings of Iran Khodro Group say the company is about to start presale of the long-awaited Peugeot 2008 crossover model.

Private carmakers barely account for 11% of the local auto manufacturing industry, local auto production data indicate.

New-car registrations in Russia increased 15% in May, the third consecutive month of higher sales after years of poor sales due to US and EU sanctions.

Registrations rose to 124,990…

Heavy goods vehicles producer Iran Khodro Diesel Co (IKD), a subsidiary of IKCO, the biggest auto producer in the country, has appointed Alireza Saji as its new chief executive officer. Saji…

Iran Aseman Airlines signed a final contract with the American planemaker Boeing in Tehran on Saturday to purchase 30 B737-Max passenger jets worth $3 billion based on catalog prices with the…

A Swiss couple Magdalena and Benedikt, traveling across Europe and West Asia, are attempting to demonstrate that electric cars are a viable alternative to gasoline-fuelled vehicles.

Three ministries have been added to the list of official entities mandated to freely provide financial data to businesses and citizens alike, as part of the Freedom of Information Access platform…

Tose’e Ta’avon Bank (Cooperative Development Bank) is set to allocate 42 trillion rials ($1.12 billion) in loans to the cooperatives sector, the bank’s CEO announced.”Fifty trillion rials ($1.33…

Recent measures taken by the administration of President Hassan Rouhani to thicken the capital cushion of state-owned banks have reduced the deposit risk of the housing sector’s agent bank, a…

The Cabinet has approved new tax regulations concerning a host of housing activities during its latest meeting on Wednesday, which replace the old tax laws with more pragmatic and precise ones,…

Close to 44,000 tons of fresh tea leaves worth 1.03 trillion rials ($27.57 million) have been purchased from farmers in the first tea harvest in Gilan and Mazandaran provinces, the head of Iran…

Wheat production is estimated to decrease by 6-7% in the current Iranian year that started on March 21, the head of Plant Protection Organization of Iran said.

“This will be a result of the…

The key Iranian port of Chabahar where India has a key stake is not only being expanded as a gateway to Afghanistan but also being considered as an entry point to Central Asia following President…

A commercial delegation from Alborz Province’s Chamber of Commerce, Industries, Mines and Agriculture is scheduled to visit Poland, Estonia and Germany from June 25 to July 1, the province’s…

A meeting of Iran-Malaysia Economic Cooperation Commission was held in Tehran on June 6-7 after a 10-year hiatus. A document was signed at the end of the meeting by Malaysian Minister of…

Iran Air CEO Farhad Parvaresh has been appointed as a member of the board of governors at the International Air Transport Association. This is the first time an Iranian official has been acceded…

Heads of Georgian, Iranian and Azerbaijani railroads have discussed the issue of launching the new South-West Transport Corridor where Georgia will play a vital transit role connecting Persian…

Offering SAIPA’s Kia Cerato on Iran Mercantile Exchange is the first step toward breaking the auto market monopoly in Iran, the chairman of Majlis Economic Commission said.

“This will bring…

Tehran Stock Exchange’s main index lost 755 points or 0.9% during the week that ended June 7 to close at 79,758.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, also shed 15…

The government is thinking of splitting up three ministries.  

The pursuit of transition to a knowledge economy in the context of low foreign direct investment is one of the main challenges facing President Hassan Rouhani since his reelection on May 19, 2017…

Iran’s biggest holding in the mining sector, the state-owned Iranian Mines and Mining Industries Development and Renovation Organization has received ISO 9001:2008 from the Germany-based DQS…

Minister of Telecommunications and Information Technology Mahmoud Vaezi says the ministry has come to an understanding over banning controversial content with managers of Telegram Messenger, the…

Mobile Virtual Network Operator ApTel, owned by the telecoms company NeginTel, has started sale of SIM cards in Iran. It is one of the first companies among more than 20 firms which had announced…

Chinese authorities say they have uncovered a massive underground operation involving the sale of Apple users’ personal data.

Twenty-two people have been detained on suspicion of infringing…