Economy

As many as 649 Iranian expatriate scientists have returned to the country and carried on with their studies and careers over the past two years, said Ali Morteza Birang, an official with the…

The two-year-old law requiring economic entities affiliated to non-departmental public bodies to make their financial statements transparent will be put into effect in the current Iranian month (…

The Economy Ministry has predicted that the average inflation rate in the rolling year to the end of the current Iranian month (June 21) will rise above 10%.

This will follow 11…

Electric cars will soon be cheaper to buy than conventional gasoline models, offering immediate savings to drivers, new research shows.

Automakers from Renault to Tesla have long touted the…

Mercedes-Benz's ultra luxurious Maybach brand is back after several years of hiatus following the German carmaker's decision to restart production of the S500 and A600 models in 2015.

The…

 Uncorroborated reports circulating on social media about "the possible departure of Peugeot from Iran" due to “pressures imposed by the US government on the French firm,” disrupted Tehran’s…

A local company importing BMW cars has received permits to bring in a new sedan, the BMW 530i, the latest of the luxury brand to enter the country in recent months.

Traffic Police has rewritten the rules for issuing new driving licenses for light motor vehicles, and the directive will be issued to driving schools in the near future.

The new bylaw will…

A court in Venice will hear a class action suit filed in Italy for damages against Volkswagen Group over its diesel-emissions cheating, an Italian consumer group said.

Consumer group…

The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil Minister…

Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international…

A number of positive factors in the housing sector heralds the end of the long-running recession and the beginning of a pre-boom phase in the key sector, the head of Tehran Association of Realtors…

The Iranian banking system will continue to support production and employment in the current fiscal year as it did last year, says the chief executive of Bank Melli Iran.”Even though it had been…

The lengthy saga of uncertified credit institutions and the drama surrounding them will come to an end by the end of the current fiscal year in March 2018, the Central Bank of Iran’s deputy for…

During the previous Iranian year (ended March 20, 2017), Bank Saderat Iran registered 74% growth in issuing foreign exchange guarantees and opening letters of credit, the bank’s CEO has announced…

As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward…

The US Treasury is reviewing licenses for Boeing and Airbus to sell aircraft to Iran, department head, Steven Mnuchin, said on Wednesday, telling lawmakers he would increase sanctions pressure on…

Iran and Syria signed an agreement in Damascus on Thursday to enhance economic cooperation.

A Syrian economic delegation led by Syrian Minister of Industry Ahmad al-Hamou is scheduled to…

The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 9.8% compared with last year’s…

Iran’s non-oil exports to South Korea saw a 230% rise in the last fiscal year (March 2016-17) compared with the year before to stand at $2.87 billion. The East Asian country became Iran’s fifth…

Export duties for sheep and goat unprocessed leather and pickled hide have been cut. The duty on raw sheep and goat leather has decreased from 50% to 30%. Sheep pickled hide export duties have…

Belarus and Iran have agreed on exchanging customs statistics on mutual trade, state-owned national news agency of the Republic of Belarus. A meeting between Chairman of Belarus’ State Customs…

Germany’s machine tool exports to Iran increased by 64% in 2016 compared with the year before to stand at €33 million, an executive director with the German Machine Tool Builders’ Association,…

The findings of the recent National Population and Housing Census show population growth in Tehran is mainly driven by a large influx of migrants, rather than a natural increase in population, i.e…

Iran's Industries, Mining and Trade Minister Mohammad Reza Nematzadeh said the government is targeting 15 million tons/year of steel exports during the sixth five-year development plan (ending…