Economy

Iranian Oil Minister Bijan Namdar Zanganeh said the gas contract signed with energy major Total this month will be a technological milestone that will help Iran lift its gas production and revenue…

Iran’s largest automaker, Iran Khodro is set to introduce a face-lifted version of its popular sedan model the Tondar 90 along with three other new cars this week.

According to a press…

Amsterdam, not London, will be the first city to get Geely’s new electric black cabs after the firm that supplies cabs to the city agreed to buy 225 of the vehicles as part of the push to clean…

Data released on the production of vehicles have revealed that during the current Iranian year (started March 21), the rate of hybrid vehicles using compressed natural gas significantly declined…

South Korea will soon be able to emerge as a major provider of auto parts in Iran and other Asian countries where local players are having a difficult time meeting growth in the automobile market…

Ukrainian former president, Viktor Yushchenko, announced that his country intends to expand economic ties with Iran, for which a Ukrainian delegation is negotiating establishment of financial ties…

Lawmakers on Tuesday had a closed-door meeting with the Governor of Central Bank of Iran Valiollah Seif, as the regulator’s actions had become a talking point in the controversy surrounding…

The Financial Action Task Force’s latest verdict regarding Iran, based on which active countermeasures were suspended again, has “opened up some space” for major international companies to start…

Iranian economist, Mohammad Mehdi Behkish, believes Iranian industries do not need a 400-page list of plans to become competitive, as goals and objectives can be stated in a single page.

Mohsen Pourseyyed-Aqaei, the former head of the Islamic Republic of Iran Railways, believes that the move to divide the Ministry of Roads and Urban Development is “untimely”.

Indonesia and Iran have agreed to finalize negotiations on a preferential trade agreement by the end of 2017. Chief of the Indonesian team participating in the negotiation, Made Ayu Marthini, said…

Iran’s budget deficit stood at 288.5 trillion rials ($7.62 billion) in the last fiscal year (March 2016-17), indicating a 50.8% rise compared with the year before, the Central Bank of Iran…

With the recent changes in Iran’s economic landscape and lifting of economic sanctions against the country, foreign companies now see a chance to take this opportunity and enter Iran’s market…

Rail transit via the northeastern Sarakhs border crossing on Iran-Turkmenistan border during the first three months of the current Iranian fiscal year (March 21-June 21) stood at 205,000 tons,…

Minister of Roads and Urban Development Abbas Akhoundi said the government needs $4 billion to complete an under-construction railroad project in the southeastern Sistan-Baluchestan Province.

Iran Khodro Group, Iran’s biggest automaker, plans to offer 6,500 of its Dena model on Iran Mercantile Exchange this fiscal year (March 2017-18), chairman of the company, Hashem Yekezare, has…

Tehran Stock Exchange’s main index gained 113.40 points or 0.14% to end Tuesday trade at 79,490.4.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About…

The Islamic Republic of Iran Railways signed a €1.2 billion deal with its Italian counterpart late Tuesday for establishing a high-speed railroad between the Iranian cities of Qom and Arak.

Deputy Telecoms Minister Amir Hossein Davaie said establishing Internet of Things in the country requires clear rules and efficient infrastructure defined by the ministry, urging the necessity of…

French telecoms regulator Arcep plans to impose several new obligations on market leader Orange to improve companies’ access to ultra-fast fixed broadband services.

Tehran is set to host the second Startup Weekend titled “Entrepreneurship in Fashion and Technology”. According to the official website of the Startup Weekend, the three-day event will be held in…

Iran’s Arabic-language Al-Alam news network said hackers from Saudi Arabia have broken into its official Twitter account on Monday.

Al-Alam said the act of online sabotage had been “a hasty…

Iran exported $6.6 billion worth of goods to the UAE in the last fiscal year that ended March 20, 2017, registering a 35% increase compared with the year before, according to the Arabic-African…

The plan to rank Iranian banks on the basis of a new rating system is still under review and will be executed when conditions are agreeable, the director general for supervision over banks and…

Since a government scheme waived penalties for non-performing loans, a total of 40 trillion rials ($1.06 billion) worth of bad loans have been returned by the people, the deputy head of the…