German manufacturer of molding machines KraussMaffei Group has appointed KaranSimaFam as its new agency in Iran and aims to strengthen its market position in injection molding and reaction…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Iran's score based on the Corruption Perceptions Index improved by two notches in 2016 with 29 out of 100, according to a report by global graft monitor Transparency International.
Economy
Iran posted a $1.62 billion trade deficit with Germany in the nine months to December 2016. About 818,000 tons of goods worth $1.8 billion were imported from Germany during the period, registering…
Economy
PSA Group will announce a return to India this week through a manufacturing venture with New Delhi-based CK Birla Group, Les Echos reported on January 24. The maker of Peugeot and Citroen cars has…
Economy
The International Isfahan Auto Show opened on January 24 with competing companies showing their latest technologies and products.
According to local automotive website asrekhodro.com, the…
Economy
Volkswagen plans to equip its family of I.D. electric cars with next-generation 5G mobile connectivity and cellular vehicle-to-everything communication standards as the brand prepares to offer…
Economy
President Donald Trump has had a lot to say on Twitter about the US auto industry and its use of Mexican plants. On Tuesday morning, he spoke directly to the CEOs of General Motors, Ford and Fiat…
Economy
The government will pay 450 trillion rials ($11.6 billion) of its debts to six state-owned banks by March 20, said the government’s spokesman, Mohammad Baqer Nobakht, on Tuesday. The measure was…
Economy
Foreign Minister Mohammad Javad Zarif on Tuesday downplayed the possibility of sanctions snapback, assuring the Iranian business community that Iran's nuclear deal with world powers reached in…
Economy
Top banking officials and pundits gathered on Tuesday to discuss matters vital to the future prosperity of the Iranian banking system and as an extension, the Iranian economy, underscoring the…
Economy
Over 50 trillion rials (about $1.3 billion) worth of different types of securities were issued in the 10 months to January 20, according to Mehdi Banani, the head of Debt Management Department at…
Economy
Tehran Stock Exchange’s main index marked its biggest decline in more than two months on Tuesday, after the benchmark took a 1.83% dive on November 9 after news broke that Donald Trump was elected…
Economy
Cement stocks have posted gains following the Cabinet’s decision to provide financial resources for purchasing part of the industry’s excess output, and the parliament’s approval for renovation of…
Economy
Iranians love high fashion, but luxury companies planning to tap Persian appetite for designer clothes and bags are facing stiff competition from their very own brands–albeit fake ones.
Economy
Iran’s exports to Indonesia in the first nine months of the current Iranian year (started March 20, 2016) grew by 62% compared with the similar period of last year to reach $100 million, according…
Economy
More than 20,000 tons of shrimps have been produced in Iran since the beginning of the current Iranian year (started March 20, 2016), registering a 17.6% rise year-on-year, said Ali Akbar Khodaei…
Economy
Trade between Oman and Iran exceeded $1 billion by the end of October last year, according to Ali bin Masoud Al Sunaidy, Sultanate’s minister of commerce and industry.
Economy
Brazilian planemaker Embraer, the world’s biggest maker of regional jets, says it is optimistic that a US government led by Donald Trump will still grant it the clearances needed to sell aircraft…
Economy
The average goods and services Consumer Price Index for urban areas in the 12 months ending January 19, which marks the end of the Iranian month of Dey, increased by 8.6% compared with last year…
Economy
The 14th Trans Middle East 2017 Exhibition and Conference opened in Tehran on Tuesday. Officials, including Minister of Roads and Urban Development Abbas Akhoundi and Managing Director of…
Economy
The first startup accelerator center focused on Information and Communication Technology was inaugurated in Isfahan’s Science and Technology Town.
The accelerator known as Axell was…
Economy
Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker.
Economy
A deal is being negotiated with South Korea’s Samsung company to use Iranian handicraft for decorating phones, said the head of the Trade and Export Bureau of Iranian Handicrafts affiliated to…
Economy
Production of video games in Iran is on the rise, growing 35% in the past 11 months, chief executive officer of Iran Computer and Video Games Foundation said Monday.
“The operations of 2000…
Economy
According to reports in the foreign media, the little flip phone is to make a comeback in 2017. According to several patent filings in the US, South Korea, Japan and China, the world’s tech…
Economy
