Economy

Iran's tire industry has been one of the few remaining sectors in the wider automotive sector to not fall foul of the stagnancy afflicting car sales.

With this in mind, a national tire…

Western European car sales rose 5.2% in March, according to industry data provided by LMC Automotive.

New-car sales rose to 1.64 million, which are based on national registration data and…

A British-registered Hummer limo with the license plate "H2 XKX" has been banned from coming into Iran in Urmia, West Azarbaijan province.

The 8-wheel hummer luxury vehicle was stopped by…

A future fourth national car currently named "X409 Platform" will "rival European competitors" according to Hasem Yekezare, the CEO of Iran Khodro Company, Iran's largest national car producer.…

The first heavy goods vehicle groupage transport services from Europe to Iran are now being operated by DB Schenker—a division of German railroad company Deutsche Bahn AG that focuses on logistics…

The Ministry of Roads and Urban Development has sent a proposal to the government requiring builders to assure the functionality of their buildings for the first ten years. The plan would make a “…

The government is determined to settle its outstanding debts to banks in the current fiscal year (started March 20) or at the most by next year in order to augment the banks’ ability to offer…

Ministry of Roads and Urban Development is trying to sell some  118,000 apartments from the Mehr Housing project which so far have no buyers , said Ahmad Asghari Mehrabadi, deputy minister of…

Three new domestic insurance companies will soon start operations, said Rahim Mosadeq, Central Insurance company of Iran’s deputy for planning and development.

Malaysia’s External Trade Development Corporation, MATRADE, has urged Malaysian lenders to support domestic companies’ trade and investment in post-sanctions Iran.

Iran’s fairly large toy market is filled with 80% of Chinese products, leaving only 20% for domestic production.

A major problem Iranian toymakers complain about is the fact that there are…

Tehran Stock Exchange’s benchmark index, TEDPIX, lost 728 points or 0.89% during the week ending April 8 to close at 80,753.

More than 6.4 billion shares valued at $488.2 million were…

It took the Iranian financial market’s regulator eight years, but the Securities and Exchange Organization has finally joined the International Organization of Securities Commissions, which…

With sanctions now lifted, many companies may be thinking about doing business in Iran. If you’re one of them, make sure you prepare properly and start early.

About 22 kg of gold bars were produced by Mouteh Gold Mine from February 20 to March 19 (the last month of the Iranian year), indicating a 22% rise in production volume compared with the…

More than 684,000 tons of goods worth around $518 million were exported from Markazi Province in the last Iranian year (ended March 19), indicating an 8% rise in volume and 17% decrease in value,…

A visiting Italian delegation, headed by Adolfo Orso, former deputy minister of economic development, held talks with members of Tabriz Chamber of Commerce, Industry, Mines and Agriculture, in the…

The government has allocated 64,000 billion rials ($2.11 billion at official exchange rate) for the expansion and renovation of the country’s roads in the current Iranian year (started March 20),…

I recently went vacuum cleaner shopping in a provincial town in Lorestan, western Iran. There was a great selection available in the shops: some imported, a variety of Iranian-made foreign-branded…

Though it didnot have the hype of a new next-generation iPhone launch, the revamped 4-inch iPhone SE continues to see demand outstrip Apple's available supply, with most stores completely out of…

Tech ridesharing service Uber has said it agreed to pay $10 million to settle a California lawsuit accusing it of misleading the public about the thoroughness of its driver's background checks.

Germany's Deutsche Post is testing robots that could help postal workers cope with increasing numbers of parcels on their delivery rounds, a company manager said on April 7.

The changes to sanctions on Iran and what they mean for the business community were analyzed during a dinner organized in Nicosia by the Cyprus Chamber of Commerce and Industry and the American…

India's cabinet on Wednesday raised a credit line to Iran to $450 million as New Delhi aims to boost trade ties with Tehran after the lifting of international sanctions.

The credit line, to…

The Reserve Bank of India is holding discussions with Tehran on modalities of payment of reported dues of $6.5 billion for oil imports, Governor Raghuram Rajan …