Economy

Around $500 million worth of shoes are smuggled into the country every year, says the head of Handmade Shoemakers Union. This is while, according to the Islamic Republic of Iran Customs…

France is “committed to its obligations” and is trying to “resolve the remaining issues” regarding the agreement between flag carrier Iran Air and planemaker Airbus, says French Transport Minister…

The three-day Iran-Russia Business Forum is scheduled to be held in the Russian capital Moscow in May.  The forum, which will open on May 12 and then resume on May 24-25, is aimed at…

The compact version of the Peugeot 208 is no longer available in the Russian market as of this week, according to a new report from the country.

Iran's car manufacturers produced a total of 976,836 units of passenger and commercial vehicles in the last Iranian year (ended March 19, 2016).

Iran Khodro Industrial Group has already exported 30,000 vehicles of different models to the international markets since March 20, said IKCO’s deputy for export and international affairs.

The Mahindra e20 has been launched in the UK as an affordable electric vehicle, costing from £12,995 ($18,000) (after grant) and sold online to customers. The cost of most electric cars has been…

South Korea has unblocked a large part of Iran's frozen assets, an Iranian petrochemical official said. The news comes after Iran's nuclear agreement with the six world powers came into effect in…

The visit by the central bank governor to Washington three months after the implementation of the nuclear deal is important, the director of the CBI’s public relations department, Mohammad Ali…

Improving the buying power of homebuyers leads to higher demand which in turn helps in easing the recession in the housing sector, Ahmadreza Sarhadi, a housing expert said Friday.

Bank Pasargad Iran released a new version of its mobile banking application which is compatible with Apple Watch. The update also allows BPI customers to access its mobile banking services…

Tourism Bank has obtained a new license from the Central Bank of Iran, which allows the bank to offer new international banking services. According to a press release on Sunday, the bank is now…

Bank Maskan announced it will soon offer construction loans with no deposits for urban sectors. It will also grant additional incentives to projects that make use of energy-efficient techniques…

Tires, tubes and motor oil are some of the commodities in high demand, as Iran’s auto manufacturing industry is one of the biggest economic sectors of the Islamic Republic, after oil and gas,…

Two of the top managers of Germany’s Federal Financial Supervisory Authority, better known by its German abbreviation BaFin, visited Tehran Stock Exchange and met with the head of Iran’s…

A €4 billion investment agreement with Italy’s transportation company ITINERA S.p.A was a major highlight of the recent visit by the European country’s Prime Minister Matteo Renzi, who led a 250-…

Stocks continued to plummet on Tehran’s equity exchanges in their worst drop in nine months, as the best performers of the January rally, due to the lifting of sanctions, led the losses.

Iran’s iron ore prices, on the decline for most of the past year, have started to regain their momentum, reaching $54.5 per ton last week, which is $2.3 higher than the prices on April 7.

An exhibition of foodstuff and the related industries is scheduled to take place in Kazan, the capital of Russia’s Republic of Tatarstan in less than a month, according to Meysam Abbasi, director…

A delegation from Hong Kong and economic players from the Iranian province of Fars discussed the formation of an economic and commercial joint council, said the chairman of Shiraz Chamber of…

When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and skepticism.

Cosmetics sales in…

Iran exported more than 678,700 tons of potatoes to 17 countries in the last Iranian year (ended March 19). The figure shows a 37.46% rise in terms of weight and a 27.92% rise in terms of value…

Iran’s four-day exclusive exhibition in the Iraqi city of Basra is scheduled for May 18, the event’s organizer said.

As Iran's baby boomer generation hits 30 years plus—those born after the victory of Islamic Revolution and 10 years later—parenting websites are continuing to proliferate.  One of the latest…

The worldwide reliance on burning fossil fuels to create energy could be phased out in a decade, according to an article published by a major energy think tank in the UK.