Economy

Peugeot 508 that entered the Iranian market through imports in July has failed to draw the attention of luxury sedan lovers. The vehicle is imported by Iran Khodro as part of a joint venture…

Iran’s midrange auto sector is seeing sudden hike in prices of locally produced and assembled models soon after prices of imported vehicles jumped over the past few months.

According to…

During a visit to Baku Economy Minister Masoud Karbasian and his Azeri   counterpart Shahin Mustafayev discussed ways to expand collaboration in the auto industry, the local news…

Iran is pressing ahead with the construction of a string of new petrochemical ventures to become a leading player in the regional petrochemical market and make more profit of its massive…

Minister of Roads and Urban Development Abbas Akhoundi has signed an agreement for implementing a cooperation program with Moscow in housing and construction sectors.

The agreement for…

Iran Moein Insurance Company, a firm with a focus on free trade zones, has started preliminary negotiations to start operations in Iraq. A delegation comprising of the firm’s board of directors…

Nomura Research Institute, a Japanese firm that provides asset management consulting and finance solutions, is interested in identifying Iran’s potential assets and helping efficiently utilize…

The first stage of integrating the banking payment systems of Iran and Russia will be implemented in the next three months, announced the CEO of Informatics Services Corporation of Iran–a…

Reinsurance industry’s representatives have sent a letter to Abdolnasser Hemmati, the head of Central Insurance of Iran, urging him to stop other insurance companies from being active in the…

Prices for imported flat steel products in Iran increased over the week ended Oct. 25 amid reduced availability of materials from Russia.

Shipments from the Russian port of Astrakhan…

Stocks closed the rather uneventful first week of the month with strong growth, mostly owing to the upsurge at both Tehran Stock Exchange and Iran Fara Bourse on Saturday.

Tehran Stock…

The international pistachio trade has faced unexpected challenges because of tensions between Tehran and Washington.

The global pistachio industry is a multibillion-dollar a year sector…

Iran Zinc Mines Development Company’s subsidiaries produced 8,478 tons of zinc ingots during the seventh month of the current fiscal year (Sept. 23-Oct. 22)–a record monthly high in output.…

About 39,000 tons of seafood products worth $121 million were exported from Iran during the five months to Aug. 22, registering a 28% increase in value compared with the corresponding period of…

Based on President Hassan Rouhani’s decree on Wednesday to the Industries, Mining and Trade Minister Mohammad Shariatmadari, the scheme to reform the sales of a select number of non-staple goods…

Close to 3,170 tons of coconut worth more than 164.45 billion rials (over $5 million) were imported from eight countries to Iran during the five months to Aug. 22, data released by the Islamic…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 9.8% compared with last year’s…

France’s import from Iran reached $20 million during the five months to Aug. 22, rising by $11 million compared with last year’s corresponding period, the director of Europe and Americas…

Azerbaijan will run the first pilot train after the Astara-Astara railroad linkup in December.

This was announced by Azeri Minister of Economic Development Shahin Mustafayev following a…

Iran’s export price index has ended the sixth Iranian month (Sept. 22) at about 249.3, growing 3.7% compared to the preceding month, the latest statistics released by the Central Bank of Iran…

A Persian-language navigation mobile application ‘Daal’, developed by students at Sharif University of Technology is making a splash. The app has over 10,000 active users since its launch in…

The local fixed-line operator Telecommunication Company of Iran is planning to launch an Internet telephony service in Tehran

According to the TCI director for Tehran, Gholamreza Arab-…

There are plenty of very sensible reasons to go to the Tokyo Motor Show (held from Oct. 27 to Nov. 5), but far more interesting are the oddball products from the weirder corners of Japanese…

Preorders are now live for Apple’s iPhone X, following the announcement of the new smartphone in September at Apple’s annual iPhone event.

The iPhone X is now available on Apple’s…

President Hassan Rouhani has approved a bilateral initiative between the Central Bank of Iran and the Interior Ministry, which will grant the necessary authority to the two entities to prevent…