Economy

Technological advancement has painted a future where machines do all our work for a long time, making jobs extinct or scarce, especially those performed by the unskilled.

The Central Securities Depository of Iran issued 21 trading codes for foreigners to trade in Iran’s equity market in the Iranian month of Ordibehesht (April 20–May 20), bringing the total number…

More than $1.2 million worth of honey were exported during the first two months of the current Iranian year (March 20-May 20, 2016). Bahrain, the UAE, Iraq, Kuwait, Malaysia, Azerbaijan and…

Unrestrained date exports to Russia are to blame for the unreasonable prices in the domestic market, Nozar Negahdari, managing director of the Association of Horticultural Producers, said. Last…

Close to 37,700 tons of colza have been purchased from local farmers since the beginning of the current Iranian year (started March 20), the CEO of Government Trading Corporation of Iran said.

Germany’s knitting machine builder Terrot has returned from a trade mission to Iran with a deal for providing circular knitting machines to an Iranian fabric manufacturer.

Iran annually exports up to $250 million worth of pharmaceuticals and their raw materials to Afghanistan, Iraq and Central Asian countries but imports medicines amounting to $1 billion, according…

To economist Saeed Laylaz, the rising media frenzy around monthly paycheck of an insurance executive and the reactions it drew say as much about the government as about the motives of its…

Demand for subcompact cars in Europe will peak this year, analysts say, as competition from small SUV and crossovers slowly starts to erode sales in the region’s most popular segment.

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Mercedes-Benz has announced it will be offering the option of inductive charging on the S550e plug-in hybrid for its refreshed 2017 model. Meaning that replenishing the increased capacity, 13.5-…

SAIPA Kashan, a subsidiary of Iran's second largest carmaker SAIPA, will sell 50% of its shares to Groupe PSA's Citroen brand, according to the CEO of the company.

The deal, which would see…

After much delay, Iran Standards and Quality Inspection Company (ISQI) has released a report on the quality of 32 locally-made cars.

Calling the housing sector a growth engine and a means for getting the economy out of recession, the managing director of the Office for Housing Planning and Economy (affiliated to the Ministry of…

If price undercutting and unhealthy competition persists in the insurance sector, Central Insurance company of Iran and the Supreme Council of Insurance will intervene to regulate insurance…

Bank Sepah CEO Kazem Choghazardi said Sunday shares of some companies affiliated to the bank have been offered to the public as part of efforts to curb non-banking activities prevalent in the…

Following the lifting of the sanctions in January, Iran has reached agreements with foreign banks worth $35 billion, according to deputy minister of economy, Mohammad Khazaei.

Khazaei added…

Bank Day and the Association of Construction Companies (ACCO) have signed a contract to expand cooperation.

In the signing ceremony Bank Day director Alireza Atefifar assured that his bank…

Bank Pasargad has lowered its one-year deposit rates to 16%. The bank’s previous one-year deposit rate was 18%. According to ILNA, there has been talk of other banks such as Parsian Bank doing…

Bank Melli Iran has been successful in reducing its non-performing loans, bringing them down to 8.6% in the previous year (ended in March) which counts as a record in Iran’s banking system, the…

Negotiations are underway with Italian companies to finalize contracts for the development of Mehrabad International Airport in western Tehran in addition to Tabriz International Airport in East…

Tehran Stock Exchange’s all-share index inched down 32.30 points or 0.04% to end Sunday trade at 74,817.8. Losses by oil refining companies, auto manufacturers and petrochemicals had weighed most…

Iran’s annual steel production is expected to reach 50 million tons by the end of the current fiscal year (March 20, 2017), said Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh…

The subsidiaries of National Iranian Copper Industries Company, including Sarcheshmeh Copper Complex, Sungun Copper Mine and Miduk Copper Mine produced about 185,000 tons of copper concentrate…

Iran’s per capita chicken consumption stands at 26 kilograms a year, which is 11 kilograms more than the global average, according to the Ministry of Agricultural Jihad. Domestic chicken…

Iranian airlines have started to scrap their grounded planes to free up space at the airports across the country, according to Maqsoud As’adi, with the Iranian Airlines Association. Iran’s out-of-…