Economy

A commercial delegation from Germany’s North Rhine-Westphalia, headed by the state’s Minister of Economic Affairs, Energy and Industry Garrelt Duin, arrived in Tehran on Tuesday.A commercial…

Over $7 billion worth of mineral products were exported while related imports amounted to $4.44 billion in the last Iranian year (March 2015-16), announced Amir Sabbagh, an official with the…

The VW Group's captive financing operation believes growth opportunities in the new-car market are slowing and now plans to offer the same mix of financing products for used cars as it does for…

China's SAIC Motor Corp. says it will launch the sale of its locally built MG GS compact crossover in the UK in the second half of 2016. The vehicle will have a 1.5-liter turbocharged gasoline…

Hyundai, Kia and Toyota were the top popular foreign car brands in Iran in the last Iranian year (ended March 19, 2016) said the deputy head of Iran's Automobile Importers Association.  

Under a new rule passed by the government, automakers and car importers are obliged to fix any faults with new vehicles sold by their dealerships.

The rules, according to IRNA, say under…

Ario, a Chinese-derived vehicle produced by Iran's second biggest car producer SAIPA, is ideal for use in the country's taxi fleet, said the CEO of National Association of Urban Taxi Management…

The Peugeot 3008 MPV has been reinvented as a small SUV to rival the Nissan Qashqai earlier marketed in Iran and is set to make its debut at the Paris Motor Show in September. Don't get too…

Iran Chamber of Commerce Industries, Mining and Agriculture Teusday hosted a delegation of World Bank experts, who had come to assess the situation for the provision of loans to the small and…

Iran and Bosnia-Herzegovina will enhance banking relations as transaction of payments and bank guarantees are needed for expanding two-way commercial ties, said Iran’s ambassador in Bosnia and…

As Iran is slowly moving closer to the single-digit inflation after years of hyperinflation havoc, policy and decision makers are focused on stimulating growth and creating jobs for the younger…

Iran and China have signed a series of memorandums of understanding to facilitate bilateral trade. The documents were signed in a meeting between Iranian and Chinese businesspeople and officials…

Iran and Pakistan have officially inaugurated a joint chamber of commerce to help boost bilateral trade. The inauguration ceremony held in the Pakistani city of Quetta in the country’s southern…

An agreement has been reached to export 24,000 tons of chicken from Iran’s northern Mazandaran Province to Iraq, according to Mazandaran Agricultural Jihad Organization. The provincial body,…

Iran and the United Nations Industrial Development Organization signed a memorandum of understanding on business development, creation of sustainable jobs and development of Iranian beekeeping…

Iran took a step closer to energy-hungry Asian nations India and Afghanistan, as it looks to recover from a decade of sanctions.

The Persian Gulf nation signed a three-nation agreement on…

The goods and services Consumer Price Index for urban areas in the 12 months ending May 20, which marks the end of the Iranian month of Ordibehesht, increased 10.4% compared with last year’s…

Tehran Stock Exchange’s main index TEDPIX gained 78.90 points or 0.10% to end Tuesday trade at 76,692.8.

Gains by investment and shipping companies as well as industrial holdings provided…

Companies contemplating the Iranian market following the lifting of sanctions are being warned to make sure that they deal with a logistics company that has practical experience in the country.

During the first call by its new general cargo service, representatives of state shipping company IRISL–Islamic Republic of Iran Shipping Lines–joined staff of the Peter W. Lampke shipping…

Russia’s Kamaz Company plans to export 100,000 trucks to Iran by the yearend, said the company’s head of foreign trade, Rafail Gafeev, on Tuesday. He added that Kamaz also plans to set up a truck…

Iran has laid out a path for developing its steel industry, as the country seeks to become the world’s sixth largest steel producer.

As per the objectives enshrined in the 20-Year National…

A solar-powered airplane's planned flight from Ohio to Pennsylvania has been postponed. The Swiss-made Solar Impulse 2 is on an around-the-world journey. It was scheduled to fly from Dayton to the…

Sales of smartphones around the world in the first quarter rose 3.9% year-on-year to 349 million, according to US-based research firm Gartner.

Since the beginning of this year, at least six corporate venture funds have been launched or started operations in Russia.