Economy

Sales of Mercedes-Benz vehicles in China will "moderate" over the remainder of 2016, compared with a 39% year-on-year growth in the first quarter, the brand's China head said on April 25. Mercedes…

Benoit Tiers, Audi Volkswagen's regional chief, notes the challenges and opportunities in the Middle East and North Africa region, including Iran.  In a recent interview on Audi's plans,…

Iran's car parts produced domestically are of high quality, said a member of the Auto Parts Manufacturers Association.

According to Farhad Behnia, $177 million worth of parts were exported…

Toyota Motor Corp. expects to have a production decline of 80,000 units after shutting down nearly all of its assembly plants in Japan after two killer quakes disrupted parts supplies.

"The…

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, announced that it has affirmed Iran’s long-term foreign and local currency sovereign ratings of ‘BB-’, and its…

Negligence of the former government in buying eurodollar bonds has now resulted in the appropriation of Iran’s assets worth $2 billion by the Unite States, Valiollah Seif, governor of the Central…

Iran and South Africa have signed an agreement to establish correspondent banking relations between their lenders, said Ali Tayyebnia, the minister of economy.  

Bank Pasargad launched two public libraries in Gachsaran, Kohgiluyeh and Boyer-Ahmad Province, an underdeveloped area in southwest Iran. Mousa Khademi, the province’s governor general,…

Kabul-based Arian Bank is planning to open a branch in Chabahar Free Trade Zone to provide services to Iranian and Afghan merchants, said Hamidreza Toosi, head of Foreign Ministry’s office in the…

Tehran Stock Exchange’s main index TEDPIX added 166.60 points or 0.21% to close Sunday trade at 78,448.3. Automakers, investment companies and banks provided the biggest boost to the benchmark.…

About 79,000 tons of different commodities were traded at Iran Mercantile Exchange on Sunday, including 1,100 tons of sulfur lumps, 2,060 tons of heavy lube cut, 11,000 tons of vacuum bottoms, 308…

Director of Iran Airports Company Rahmatollah Mahabadi has revealed the details of a memorandum of understanding signed between Iran and Italy recently for the construction of a new passenger…

The Sultanate of Oman is one of Iran’s key economic and political partners in the Middle East.

Production of disposable food containers is a rather young business in Iran, as it started nearly 30 years ago with a small number of production facilities.

Following the rise in urban…

The 23rd International Exhibition of Detergent, Cleanser, Hygienic, Cellulose Products and Related Machinery opened in Tehran on Sunday. More than 200 domestic firms and 145 companies from Turkey…

Imports of copper and non-copper wires will be subject to a 20% tariff rate in the current Iranian year (started March 20), according to Hossein Haqbayan, an official with the Wire and Cable…

A $4 billion market is up for grabs in Russia for Iranian food producers, especially exporters of nuts, protein products, fruit and vegetables, Iran’s Minister of Industries, Mining and Trade…

The goods and services Consumer Price Index for urban areas in the 12 months ending April 19, which marks the end of the Iranian month of Farvardin, increased 11.2% compared with last year’s…

Around five to six million Iranians are living overseas, constituting 7% of the total population of the country.

Figures on their wealth are unreliable, as different sources release widely…

South Korean banks are ready to finance Isfahan’s subway and international conference center projects, the head of a Korean delegation that entered Isfahan on Saturday to attend Iran-Korea…

Relations between China and Iran are unique primarily due to the level of trust between the two sides.

There are several instances where both have weighed favorably toward the other on…

In a complete accident, while working to find a solid-state replacement for lithium, researchers at University of California Irvine inadvertently stumbled upon a breakthrough that could change how…

An Iranian researcher has devised a method to convert agricultural wastes into biofuel and won the 29th Khwarizmi International Award.  Project manager Mohammad Jafar Taherzadeh, who ranked…

Iran will build a center for the production of stable isotopes at the Fordow facility in two years, Russia’s representative at the International Atomic Energy Agency said.

Russia’s International Industrial Bank and Iran’s Middle East Bank and the Cooperative Development Bank will help address money transaction issues between the two countries, said an official at…