Economy

Local carmaker Kerman Motor unveiled its first locally produced Hyundai Accent during Norouz (the Iranian New Year holidays from March 21 to April 2).

The company showed the car on March…

Although this will come as no surprise to industry insiders, after dozens of debuts at this year’s New York Auto Show, small luxury SUVs, especially hybrids, are the darlings of the bunch.

Renault shares rose sharply over the weekend following renewed media reports of merger talks between the French carmaker and its longstanding alliance partner Nissan. Renault’s stock was up 4.6…

This is the Financial Tribune’s last edition of the current Iranian year (ending March 20). As Iran’s sole economic daily in English, it considers it apt to review the key economic developments…

Iran's gross domestic product grew 3.4% during the first three quarters of the current fiscal year (March 21-Dec. 21, 2017) compared with last year's corresponding period, according to the…

The Statistical Center of Iran has released its assessment of Iran’s housing and construction sector, announcing that the sector has experienced another season of growth.

The sector…

The Central Bank of Iran has disclosed the latest statistics on the number and value of bank checks, which indicate a monthly rise and yearly decrease in the number and value of bounced checks…

Executives with Banque Delubac and Cie, an independent French lender, on Sunday met with representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss ways of…

President Hassan Rouhani on Sunday outlined his administration’s vision of promoting economic prosperity in the next Iranian year (starting March 21), as well as goals set for the country in the…

The Iranian Association of Private Banks and Credit Institutions has released a statement, assuring the public that banks and credit institutions are well-regulated by the Central Bank of…

Iran Khodro has sold a 50.2% stake worth 720 billion rials ($15 million) in Mashhad Wheel Manufacturing Company following a one-day delay in its offering. The sale, made up of 223.39 million…

The Economy Ministry sold 2 trillion rials ($41.6 million) of Islamic bonds on Iran Fara Bourse on Sunday to finance the establishment of a railroad connecting three major cities.

The government has decided to clear over 4.45 trillion rials ($92.7 million) worth of its debts to contractors and companies through a debt swap deal with Iranian Privatization Organization and…

Tehran Stock Exchange’s main index gained 242.33 points or 0.25% to end Sunday trade at 95,819.6.

About 940 million shares valued at $51.98 million changed hands at TSE for the day.

The Islamic Republic of Iran Customs Administration has warned travelers to Central Asia about carrying a number of medications, namely Acetaminophen Codeine, Chlordiazepoxide, Diphenoxylate,…

With only a day left for the Supreme Labor Council to set the minimum wage for the upcoming Iranian year, negotiations are still ongoing among representatives of workers, employers and…

About 240,000 tons of commodities worth $184 million have been exported from the northern Golestan Province since the beginning of the current Iranian year on March 21, 2017. According to…

Trade between Iran and Lithuania stood at more than €11.1 million in 2017, registering close to a 44% decline compared with 2016.  Iranian trade with the European country experienced the…

Iran and Afghanistan exchanged 5.32 million tons of non-oil commodities worth $2.48 billion during the 11 months to Feb. 19, registering an 18.64% and 8.92% growth in tonnage and value…

NASA is asking all cloud gazers to snap photos of the sky and share them with the space agency via an app.

From laying the groundwork for launching satellites into orbit to transforming Iranian metropolises into smart cities, establishing science and technology parks and nurturing the startup…

Two of the phones Alcatel revealed last month will be coming to the US, the company confirmed.

Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the country’s nuclear deal with world powers.

While conceding that Iran has yet to reap…

Telegram has announced that Iranian citizens will not be allowed to take part in Telegram Open Network initial coin offerings and will be prohibited from buying Gram cryptocurrency by the…

The latest update of regulations concerning foreign currency deposits in banks has been released by the Central Bank of Iran, according to which banks are required to return the original amount…