Economy

Western European new-car sales rose 13% last month, led by rebounding demand in southern markets.

November registrations rose to 1.03 million cars from 919,160 a year earlier, based on…

Audi's supervisory board appointed Volkswagen Group CEO Matthias Mueller as chairman to replace Martin Winterkorn and Stefan Knirsch as development chief to succeed Ulrich Hackenberg.

Volvo will launch high-performance versions of its new S90 saloon and forthcoming V90 estate, carrying Polestar badging and featuring hybrid powertrains, the company’s boss has revealed.

Sistan-Baluchestan Province in southeast Iran is home to 3.6 billion tons of titanium reserves, says the chairman of the board of directors of Mokran Mineral Processing Complex. Jamshid Jahanbaksh…

Investment opportunities in Iran and the strategic importance of Oman in facilitating investment in the country from Asian countries after the lifting of sanctions will be the focus of an economic…

About 100 of Iran’s 400 amusement parks are located in Tehran, says a consultant in amusement park construction.

Arsham Safipourian added that some 10 such parks have an area of 1,500…

POS terminals accounted for 97% of total transactions in Iran during the seven months ending October 22, according to the Central Bank of Iran’s latest data. There was a 38% year-on-year growth in…

Business Monitor International has forecasted construction industry growth forecast for Iran at 3.2% real growth in 2016 as it expects international sanctions to be lifted from the first half of…

Friday marked National Insurance Day in Iran-- a day officially announced in 1988 to be added to the annual list of events.

The insurance industry was born in Iran in 1910 with two Russian…

Airplane ticket fares have been liberalized in 170 domestic routes while tickets of the remaining 87 routes will be sold at prescribed rates. According to an announcement made by Civil Aviation…

American multinational financial services corporation Morgan Stanley has described Iran as the last large, modern, educated economy that is locked out of the global system, and the biggest one to…

India has expressed interest in signing a preferential trade agreement with Iran, once western sanctions on the Persian Gulf nation are lifted.

This will be India’s first trade agreement…

At least 2.2 million tons of citrus fruit will be produced in Mazandaran in the current Iranian year (to end March 19, 2016)–50% more than last year’s output, Mehr News Agency quoted the northern…

The goods and services Consumer Price Index for rural areas in the 12-month period ending November 21, which marks the end of the Iranian month of Aban, increased by 12.5% compared with last year’…

Iran-Hungary Economic Commission will be reestablished after more than a decade, says Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh.

A 747 jumbo jet will be adapted for use as a launchpad for a Virgin Galactic spaceship, Sir Richard Branson has announced.

The plane, which was nicknamed Cosmic Girl when it flew under the…

Researchers of a knowledge-based company have developed special kits that make rapid extraction of DNA in high purity possible. Alireza Babazadeh, the main researcher of the project, told Mehr…

An Iranian company has joined the global club of manufacturers of the ground power unit for airlines, becoming the first firm to mass produce the equipment in the Middle East.

A Japanese firm says it has produced the world’s first smartphone that can be washed with soap and water. Waterproof smartphones have been on the market for a while. But telecom company KDDI says…

The Producer Price Index in the 12-month period ending November 21, which marks the end of the Iranian month of Aban, increased by 7.8% compared with last year’s corresponding figure, according to…

Which state body is the main decision-maker in Iran’s economy?

Neither economic pundits nor policymakers can answer this question definitively, as there is no single entity tasked with…

Iran does not need to import wheat in the next Iranian year (starting March 20, 2016) amid this year’s bumper harvest and brimming reserves, says deputy agriculture minister. “This year, more than…

The first edition of Iran-Italy confab organized by the European House Ambrosetti—a major Italian consulting group founded in 1965—will be held in Tehran on April 18 and 19, 2016.

Iran will produce 10 billion cigarettes with international brands by the end of the current Iranian year (March 19, 2016), says the head of Tobacco Planning and Supervision Center affiliated with…

Iranian businesses attending the 35th India International Trade Fair, which was held in New Delhi, India, on November 14-27, complain about the host country’s cumbersome customs regulations,…