BMW will boost spending on research and development next year, to 6.5-7% of sales, its finance chief, Nicolas Peter, told the German daily Handelsblatt.
Economy
Economy
Iran has kept up the pace of crude oil and natural gas production in the second and last term of Hassan Rouhani as president, government data indicated.
In a report…
Economy
In a letter to the Minister of Industries, Mining and Trade Mohammad Shariatmadari, Agriculture Minister Mahmoud Hojjati has called for reinstating the ban on rice imports until further notice…
Economy
The average age of regional airplanes is around five years, while that of Iran stands at 23, the head of Iranian Aviation & Space Industries Association said.
Economy
Holland-Iran Potato Seminar was held in Tehran on Tuesday with the aim of establishing joint ventures for producing seeds, creating varieties and transferring cultivation techniques. The…
Economy
Hungarian Minister of National Economy Mihaly Varga will lead a delegation to attend a business forum hosted by Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Dec. 3.…
Economy
There seems to be no end to the gold coin fever engulfing Iran's market. Despite the Central Bank of Iran's attempts to bring the precious metal– traditionally favored by Iranians as a safe-…
Economy
In response to recent complaints of Iranian petrochemical companies regarding difficulties in transferring money from China to their accounts in Iran, the head of Iran-China Chamber of Commerce…
Economy
The Central Bank of Iran has ordered the establishment of a specialized committee to follow up on the implementation of banking relief measures for quake-stricken areas.
Economy
Tehran Stock Exchange's main index gained 599.70 points or 0.66% to end Tuesday trade at 91,255.2.
About 1.33 million shares valued at $68.82 million changed hands for the day.
…
Economy
The Iranian Mines and Mining Industries Development and Renovation Organization plans to issue a tender calling on foreign and domestic investors to finance 15 newly-discovered mineral zones,…
Economy
Super-large container ships (between 100,000 DWT and 120,000 DWT) would be able to dock in Chabahar’s Shahid Beheshti Port with the completion of Phase 1 of the development project of the…
Economy
Iran aims to achieve self-sufficiency in beet production within three years, a deputy agriculture minister said.
“The area under beet cultivation in fall this year stood at around 16,000…
Economy
In a business forum held in Rome on Monday, scores of Italian investors and economic officials voiced readiness to further expand their presence in various Iranian projects once all banking…
Economy
A local startup ‘Shamim Salamati’ (the aroma of health in Persian) has released a mobile application through which users can have access to a database of pharmacies and drug stores.
…
Economy
Three Chinese nationals were charged with cybercrime offences today, accused of hacking three companies - Moody’s Analytics, Trimble and Siemens - to steal gigabytes of sensitive data and trade…
Economy
A designer sees his art piece -- plastic blocks embedded with stone beads -- as one answer to phone obsession.
If you suffer from separation anxiety when you are away from your phone,…
Economy
Facebook Inc will expand its pattern recognition software to other countries after successful tests in the US to detect users with suicidal intent, the world’s largest social media network said…
Economy
More than 14,800 residential units were sold in the Iranian capital during the month ending Nov. 21 to mark an increase of 18.5% year-on-year.
Economy
A total of 9.9 million checks worth about 615 trillion rials ($15 billion) were transacted in the seventh Iranian month Mehr (Sept. 23-Oct. 22), of which 1.6 million checks worth about 131…
Economy
Iran will use the recent flow of foreign finance it received mainly to fund export and energy sectors in addition to projects boosting jobs, the head of the Organization for Investment, Economic…
Economy
The administration of President Hassan Rouhani in its two terms has not borrowed anything from the Central Bank of Iran, the Ministry of Economic and Finance Affairs announced in a statement.
Economy
The High Council of Free Zones and the Organization for Investment, Economic and Technical Assistance of Iran have signed a memorandum of understanding to boost foreign direct investment in free…
Economy
Tehran Stock Exchange’s main index gained 186.01 points or 0.21% to end Sunday trade at 90,655.5.
About 1.54 million shares valued at $72.59 million changed hands for the day.
…
Economy
Iran’s exports to Syria have been on the rise since the 2014-15 fiscal year–the lowest ebb of $103.013 million over the last 10 years.
The highest level of exports during the period…
Economy
