Economy

To bolster economic relations between Iran and Ecuador, their respective chambers of commerce need to play a more significant role, said the head of Iran Chamber of Commerce, Industries, Mines and…

The first passenger ship from Oman’s Sohar Port docked at Shahid Kalantari Port in Chabahar on Monday to mark the official opening of Sohar-Chabahar shipping lane. The capacity of the Omani ship…

Corporate revenues made from exports will not be taxed as of the new Iranian year (to start March 20, 2016), said the head of Iranian National Tax Administration. Seyyed Kamel Taraji added that…

On Jan. 24 and 25, executives from Airbus, Lufthansa and Bombardier shared tea and pastries with representatives of the Iranian aviation industry at the Parsian Azadi Hotel, a 26-story tower at…

Porsche aims to offer hybrid versions of all its models in the foreseeable future, CEO Oliver Blume told a German newspaper.

A plug-in hybrid version of the 911 model with a range in…

Toyota Motor Corp. will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles and their standard…

Iran's recent opening after the cessation of international sanctions has got many regional countries interested in what the Islamic Republic has to offer.

Case in point would be Iran's…

Renault, the French multinational automobile manufacturer, said it plans to intensify operations in Iran. In 2015, two new vehicles were manufactured: Logan Pickup with Iran Khodro and Sandero…

Head of the Gold and Jewelry Producers and Exporters Union says the recent surge in the local gold market is rooted in global trends, banker.ir reported. As stocks plunged around the world, the…

Iranian banks will have to adjust to tougher international regulations and may need to offload non-performing loans into a “bad bank” to pick up where they left off when sanctions were imposed…

 A Tehran-based economist has argued that interest rates should be “managed” not imposed on banks by decree.

Iran and Turkey have resumed banking relations, Alireza Bigdeli, Iran’s ambassador in Ankara said on his Facebook page Sunday.

Referring to his meeting with Erdem Basci, governor of the…

The Iranian delegation’s visit to Italy and France demonstrated, among other things, an unprecedented level of cooperation between the government and private sector after a long lapse, Majid…

Thailand’s Deputy Prime Minister Somkid Jatusripitak, leading a high-level trade delegation that includes six ministers, is scheduled to visit Iran on Tuesday for a four-day visit to promote…

Iran is moving quickly to shake off the effects of a decade of sanctions that have stifled its economy.

With a population of about 80 million and annual gross domestic product estimated at…

A Pakistani delegation, led by the federal minister of national food security and research, will leave for Iran soon to meet Iranian authorities for removing hurdles in the way of agricultural…

Some 1.1 million tons of crude steel were exported from March to December 2015, indicating a 47% surge compared with the similar period of last year, Iranian Mines and Mining Industries…

The Iranian National Tax Administration is moving with the times and adopting new technologies in its plan to overhaul Iran’s taxation system.

The organization is building new databases and…

By partnering with Airbus, Iran will offer “unparalleled” air transport services, says Iran Air Chairman and CEO Farhad Parvaresh.

Iran's Presidential Office for Science and Technology and the Chinese Ministry of Science and Technology and China Academy of Science have signed various memoranda of understanding in the fields…

Iran's Science Minister Mohammad Farhadi said the opportunity created by the nuclear agreement between Iran and P5+1 is ideal for boosting scientific ties and cooperation.

President Barack Obama said Saturday he will ask the US Congress for billions of dollars to help students learn computer science skills and prepare for jobs in a changing economy.

The non-mobile-producing Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the…

The cost of trade with the outside world will be 10% lower now that the sanctions have been lifted, Shapour Mohammadi, deputy minister of economy said on Saturday. “There is no precise way of…

Singapore has reversed its prohibition on transactions with the Iranian government and financial Institutions as of January 28, the Monetary Authority of Singapore said this week, platts.com…