Economy

Due to illegible number plates, a total of 27,616 vehicles have been impounded in the first eight months of the current Iranian year (started March 21), said the head of the Information Center of…

Kia Motors has revealed the updated exterior styling of the South Korean all-new Kia Cadenza (known as “K7”) in the first official photos of the new model. It boasts a new design and will feature…

The official exchange rate touched a new frontier on Thursday in yet another indication that the Central Bank of Iran is seriously looking into unifying currency rates.

Iran will see the highest economic growth in the Middle East and North Africa as of next year, Minister of economy Ali Tayyebnia said Thursday.  

The Central Bank of Iran has started allocating funds for the 250 million rial ($8300 at the official exchange rate) auto loans among banks as a part of the government’s stimulus package, said the…

Members of the board of directors of Iran Chamber of Commerce, Industries, Mines and Agriculture, and their counterparts from Istanbul Chamber of Commerce discussed areas of mutual interest,…

Iran is the world’s seventh biggest producer of honey with the production of 78,000 tons per annum, said an official with the Ministry of Agricultural Jihad. Habib Amini added that the country…

Iran’s agricultural trade registered a drop in imports and an increase in exports during March 21-October 22.

Iran’s Parliament has ratified the nuclear deal with the West, which initiates steps toward the sanctions relief within, by most estimates, the first half of next year.

Thailand’s Commerce Ministry said on Thursday it expects to sell 200,000 tons of rice to Iran, following a visit by its delegation to the Middle Eastern country.

Iran’s non-oil imports during the eight-month period ending November 21 stood at about $27.30 billion, which registers a 20.95% decline compared to the corresponding period of last year, the…

With the benefit of hindsight, it should be said that oil prices plummeting to historic lows is not all gloom and doom.

The declining pattern that started from the summer of last year has…

The Mining Investment Insurance Fund’s capital assets have been raised by $25 million to reach $1.4 billion. The fund was established in 2001 with the aim of supporting private sector investment…

Many foreign firms have been hunting for economic opportunities in Iran following the July 14 nuclear deal with the world powers, which will soon see the removal of sanctions against the country…

A new report released by an Iranian advertising company has given a complete breakdown of Iran’s Internet users.

The report by online advertising company, ANetwork, notes Internet usage in…

The global battery market for solar PV inverters during 2015-19 is estimated to grow, as rising market competition and supply chain efficiency begin to bolster market growth during the next four…

A new website Kheftgiri.com, where users could report cases of mugging in Tehran, has been filtered only a few days after its launch.

The website aimed to alert citizens of Tehran about the…

Jabra, an American high-end audio brand that produces and markets a range of headphones and headsets, detailed its plans for expanding its market share in Iran last week.

Darcy Clarkson,…

Local e-commerce site Bamilo has announced it is taking part in the global trend of Black Friday by offering discounts. Marked after the fourth Thursday of November worldwide, Black Friday…

A special supervisory committee has been established to monitor and regulate the activities of uncertified credit and financial institutions including Samen Alhojaj, Hamaid Tehranfar vice-governor…

The head of an economic think tank has sounded the alarm on municipalities’ growing reliance on unsustainable income and called for alternative sources of revenue to run urban affairs.

Commercial banks ventured into business activities with the implementation of Article 44 of the Constitution, a top finance and banking expert said on Wednesday.

Bank Saderat Iran has announced that the government’s new auto loan scheme would help settle car manufacturers’ debts to the banking sector and would not have any inflationary effects.

Mass construction of housing units would help cut costs and improve the financing and funding of housing projects, said head of Kayson, a prominent private construction company.

Foreign investments are protected from political risks by law, like the risk of nationalization, said Abolfazl Kodehi, director of Iran Foreign Investment Services Center, in the Second…