Economy

Japanese automaker Suzuki plans to launch and later assemble at least three new models for the Iranian market, hinting a significant shift in its sales outlook for Iran in the post-sanctions…

Tesla Motors Inc. said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours—a fast start for the company's first mass-market vehicle, which may not begin to reach…

The purchase and renewal of the traffic police's fleet in Tehran requires formal permits from the municipality and the city council, said Traffic Police chief, Taqi Mehri.

An Iranian official said on Sunday German automaker Volkswagen was expected to sign a deal with an Iranian partner in the coming weeks to produce vehicles in the country.

Tehran’s…

Austrians are interested in automotive cooperation with their Iranian counterparts, the secretary of Iranian Car Part Makers Association said.

Sasan Qorbani was also quoted as saying by…

Honda is recalling 160,000 Fit subcompact and Vezel sport-utility vehicles in Japan because of defective power steering and a part that controls the electric current in the vehicles. The recall…

Central Bank of Iran governor, Valiollah Seif has called on banks to join the efforts needed to promote the principles of the 'Resistance Economy' recommended by the Leader Ayatollah Seyyed Ali…

European banks are tentatively reengaging with Iran as the Middle East’s second-largest economy slowly emerges from a sanctions regime that has kept it in the financial wilderness for years.

Private banks will allocate more resources to medium and small-sized businesses in the new fiscal year (started March 20), said Kourosh Parvizian, CEO of Bank Parsian and head of the Center for…

Bank Melli Iran has initiated new plans to expand its international operations. Abdolnasser Hemmati, the CEO, called for enhancing coordination between the bank’s overseas branches to improve the…

Tehran Stock Exchange’s main index TEDPIX lost 684.20 points or 0.84% to end Sunday trade at 80,852.7. Energy, steel and mining companies were the main laggards.

More than 63% of TSE-listed…

Iran’s Securities and Exchange Organization has become a member of the International Organization of Securities Commissions. IOSCO Secretary-General Paul Andrews has invited the SEO head Mohammad…

Chris Parker is the CEO of Iran Business Hub, a London-registered, international, British and Iranian partnership that specializes in large corporate entry into Iran.

The Iran Business Hub…

The negative trade balance in the agricultural sector narrowed to less than $3.5 billion in the last Iranian year (ended March 19, 2016) from $5.6 billion and $8 billion in the years ending March…

Tehran will play host to the 10th plastic industry exhibition dubbed “Iran Plast” from April 13-17. More than 500 international companies dealing with raw materials, plastic manufacturing…

Promotion of exports will not materialize without an upgraded packaging industry, said Afshin Fakhr, secretary of International Festival of Leaders in Packaging Industry, which is due to be held…

Some 300,000 ornamental fish worth over $456,000 were exported from the city of Mahallat in Iran’s Markazi Province to Iraq, Afghanistan and Persian Gulf states in the last Iranian year (March…

Iran and Pakistan signed a memorandum of understanding during the recent visit of Iranian President Hassan Rouhani for promoting bilateral trade and opening up two more crossing points on Pak-Iran…

In the run-up to and, more increasingly, following the July 2015 accord between Iran and world powers, which saw the end of western sanctions in return for Iran limiting the scope of its nuclear…

Iran’s exports to the UAE in the last Iranian year (March 2015-16) increased by more than 21% compared to the previous year to reach $4.9 billion.  The figure accounts for 13.8% of Iran’s…

South Korean Engineering Society for International Cooperation honored Iran's Ambassador in Seoul Hassan Taherian by presenting its annual award. The event was organized to mark the 2016…

Jeff Bezos, owner of Amazon's space transportation company Blue Origin, successfully launched and landed for the third time a suborbital rocket capable of carrying six passengers, taking another…

Chinese telecommunications giant ZTE will replace three top executives, in an apparent bid to see US restrictions on its business lifted after it was accused of violating sanctions against Iran.…

Concerns over the rising use of polluting Styrofoam containers around the world has encouraged a research team at Naresuan University in Phitsanulok, northern Thailand, to develop a process for…

Leading infant product maker Firooz Baby Hygenic Company has launched a new website for parents on how to take care of their babies and infants.

The website called Koodak Firooz is a first…