Economy

Germany's Continental, commonly known for its quality tires, has signed a deal with Iran's Crouse Co. to set up a local auto parts production joint venture.

The two companies will produce…

The Ministry of Industries, Mining and Trade has released data on carmakers’ output during 11 months of the current fiscal that ends in March.

The largest company, Iran Khodro,…

Negin Khodro, the official dealership of imported Renault vehicles in Iran, released the final price of its new model of a luxury SUV. The price tag for the latest Koleos is 1.995 billion rials (€…

SAIPA unveiled a new small hatchback car called the ‘Quick’ on March 6 in Tehran. Several high profile officials were present at the unveiling event including Ali Larijani, Majlis Speaker and Head…

Lawmakers passed a measure on Sunday, based on which all banks must conduct their business under the watchful eye of the Supreme Audit Court.

All government-run entities are also required…

The Central Bank of Iran plans to print banknotes in smaller sizes, the director of CBI’s Office for Banknote Issuance said.

“CBI is also working on new designs for 50,000-rial and 100,000…

A group of Iranian fintech companies has formed Iran’s Fintech Association, soon after the Central Bank of Iran put forward the idea.

Nasser Hakimi, the director of CBI’s IT Department, had…

The economy ministers of Iran and France discussed expansion of relations between their central banks during a meeting in Tehran on Saturday.

The Iranian Parliament finalized on Sunday the budget for the new Iranian year that starts on March 21.  A total of 160 lawmakers voted in favor, 19 voted against and four MPs abstained to…

Close to 340 tons of citrus fruits worth over $135,300 were exported from Mazandaran Province during the 11 months to February 18, registering an 87% and 60% growth in tonnage and value…

Iran produces more than 1.18 million tons of different kinds of nuts every year, close to 800,000 tons of which are consumed domestically and the rest is exported, an official with the Ministry of…

Members of the Iranian Parliament killed their newly-passed bill on executive salaries on Saturday and once again referred their original proposal to the Guardians Council.

On Wednesday,…

The sixth five-year development plan stipulates that the total length of Iran’s freeways should reach 7,500 kilometers by 2022, which marks the end of the plan, the deputy for planning and…

About 90% of Iran’s agricultural products are cultivated on irrigated lands, according to deputy energy minister.

Lawmakers voted on Saturday for the government to earmark 375 trillion rials ($9.91 billion) for cash subsidies in the new Iranian year (to start March 21, 2017).

The sum is only sufficient…

Ssome 1.7 billion flower cuts as well as 2.2 million tons of vegetables will be produced in Iran by the end of the current Iranian year (March 20, 2017), registering close to a 31% and 25.2%…

The Supreme Labor Council agreed last week to determine the living wage and consider it as a base for setting the minimum wage next year.

The new Iranian year will begin on March 21, 2017…

Movie ticket prices will not rise in the new year (March 2017-18), said the head of Screening Guild Council, Homayoun Asadian. “Floating ticket prices will be piloted for screening some movies at…

Online food ordering industry in Iran has gone from strength to strength in recent years with the many baby boomers (those born during and after the revolution in 1979) falling in love with …

Uber has patched a bug in its code that allowed a researcher — and anyone else who might have discovered the problem — to hail Uber rides without paying for them.

The Communication Regulatory Authority (CRA) has issued a mandate requiring Internet service providers to offer 50% discount to subscribers using the new domestic national network.

Head of…

StepHelp.ir is an encyclopedia-like site that teaches people how to fix a wide range of home fixtures and electronics. The website offers manuals on “life tips”, like how to clean stains from a…

French Finance and Economy Minister Michel Sapin is in Tehran to discuss financial relations and economic cooperation between the two countries with top Iranian officials.

European banking sources have revealed that abundant funding projects and deals in Iran were thwarted during the past months by the Office of Foreign Assets Control because these operations…

President Hassan Rouhani’s Cabinet has redirected the two major banking bills aimed at reforming the Iranian banking system to the Central Bank of Iran, announced a member of the bank’s Fiqh…