Economy

Iran's Customs Administration has proposed that car import tariffs should be calculated based on engine size and vehicle value.  

According to the head of ICA's Tariff Evaluation…

European car sales rose 6.3% to 1.09 million vehicles in January, industry data showed, even as Volkswagen Group saw registrations of VW-brand cars fall 4% in the wake of the automaker's emissions…

A total of 79,853 units of passenger cars and pickup trucks were produced in Iran during the 30-day period ending January 20, said Amirhossein Qanati, the automotive deputy of Iran's Ministry of…

The resolution of financing and insurance issues faced by Iran could open the gate to many areas of cooperation with German businesses, said the head of Tehran Chamber of Commerce, Industries,…

Iran exported more than 76 tons of saffron worth $160 million to 47 countries during the 10 months ending January 20, said the head of Khorasan Razavi Saffron Exporters Association.

A meeting between economic players from Iran’s Khuzestan Province and a visiting Omani commercial delegation was held in the provincial capital city Ahvaz on Monday.

A joint venture between the Islamic Republic of Iran Shipping Lines and German shipping company PWL will commence in March as part of a memorandum of understanding signed during a visit by IRISL…

Its economy is growing faster than almost any other in the Middle East, its bonds pay twice as much as Russia’s and Turkey’s, and it has reined in runaway inflation.

Iran is proving a draw…

Controlling a hazard at its source is the best way to protect people from injuring themselves or others. Investment on personal protective equipment would partly serve this purpose.

PPE…

Iran’s second exclusive exhibition in Iraq opened on Tuesday. More than 100 Iranian companies are taking part in the event in commercial, industrial and hygienic fields, IRNA reported.

Iranian stocks retreated on Tuesday after a small uptick on Monday, as the correction in equity markets continued despite talks between Saudi Arabia and Russia to cut crude output for sending oil…

The governor of the Central Bank of Iran has called for joint meetings between Iranian and Japanese banks to improve relations and enhance financial and commercial cooperation.

The move to unify foreign exchange rates is now plausible if certain conditions are met, Head of Tehran’s Chamber of Commerce said.

Minister of Economy Ali Tayyebnia says lowering deposit rates to 18% is "doable" and that interest rates will definitely be lowered.  

 “In tandem with the decrease in inter-bank…

The US sanctions that are still in place are negatively impacting the risk appetite for Iran-related business, according to 85% of London market insurance professionals.

This is according…

China will move nearly 10,000 people to make way for the world's largest radio telescope that promises to help humanity search for alien life, state media reported on Tuesday.

The 500-meter…

Toshiba said on Tuesday it was not considering withdrawing from personal-computer production and selling its Hangzhou factory in China. The comment by a Toshiba spokesman followed a report by the…

A new online platform has been launched that allows users to find the "best" website from among the thousands in different fields.

Registered as Brandsanj.ir, the website allows users to…

Telecom Italia plans to step up its spending on building out faster fixed and mobile networks in its home market over the next three years, where it sees core earnings returning to growth from…

An Istanbul-based payments startup says it has signed a deal that smoothes the way for companies seeking to follow it into Iran’s $400 billion economy.

The German government has demanded that Iran clear its €500 million ($560 million) debt before it resumes providing guarantees for German exports to the Islamic Republic.

Central Bank of Iran started using the international interbank messaging network SWIFT on Sunday, Gholamali Kamyab, CBI deputy for foreign exchange affairs said on Monday. The CBI and the banking…

Bank Maskan (Housing Bank) has sent a proposal to the Central Bank of Iran for launching local affiliate banks. Mohammad Hashem Botshekan, Maskan’s CEO, said that the CBI has welcomed the proposal…

Tehran and Kabul have agreed to hold the fifth session of their joint economic commission after the Iranian elections, says Afghan Chief Executive Officer Abdullah Abdullah. The upcoming joint…