Economy

Sapra Motor, a newly launched auto dealership and distributer of Opel in Iran, has started the presale of the Mokka X 2017 in cash and three-step prepayment. The company is offering two versions…

The joint venture between Iran’s biggest domestic automaker Iran Khodro and France’s Peugeot, known as IKAP, is set to import the large Peugeot 3008 SUV by the end of the current fiscal (ending…

The International Automobile, Spare Parts and Related Industries Exhibition opened in the city of Mashhad in Khorasan Razavi Province this week.

A large number of local and foreign…

Europe’s first-half vehicle sales rose by 4.6%, defying predictions that the market would be nearly flat, pushing monthly volumes to the highest level since June 2007, the pre-recession high…

BMW is hedging its bets on the future by planning combustion, hybrid and electric versions of its core nameplates—with all three varieties capable of coming from the same assembly line.

More than 58.2 tons of saffron worth $78.58 million were exported to 50 countries during the first four months of the current fiscal year (March 21-July 22), registering a 25.3% and 22.9% growth…

Some 4.99 million tons of potatoes are expected to be produced in the current fiscal year (March 2017-18) on close to 146,200 hectares of land in Iran, an official with the Agriculture Ministry…

A study conducted for clarifying the connection between pay and higher education in Iran reveals that surprisingly people with university degrees have lower chances of landing jobs compared with…

More than $33.45 million worth of commodities were exported from Iran’s southwestern Chaharmahal-Bakhtiari Province during the four months to July 22, indicating a 9% rise compared to last year’…

Close to 2,330 tons of shampoo worth more than 140 billion rials ($4.33 million) were exported from Iran during the first four months of the current fiscal year (March 21-July 22), the Islamic…

With the key promise of unifying the country's dual exchange rates lying dormant during President Hassan Rouhani's first term in office–despite frequent pledges to do so–the Central Bank of Iran…

Iran’s First Vice President Es’haq Jahangiri met with the speaker of the parliament of the Republic of Cyprus and called on the eastern Mediterranean nation to expand its banking ties with Iran…

In the wake of reports alleging disagreements between the Central Bank of Iran and the Economy Ministry regarding the format of banks and credit institutions’ financial statements, the head of…

Iranian rial gained against almost all other currencies in Tehran exchange market on Sunday one day after President Hassan Rouhani officially took the oath of office to begin his second term.…

Tehran Stock Exchange’s main index gained 118.20 points or 0.15% to end Sunday trade at 81,384.1.

About 565 million shares valued at $43.46 million changed hands for the day.

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Vahid Roshanqalb has become the Securities and Exchange Organization’s new deputy for supervision on exchange and issuers. He replaces Ali Beygzadeh who has now become the manager of Tehran…

Mobarakeh Steel Company has set the target to sell 7 million tons of flat steel in the current fiscal year (March 2017-18), mostly in the local market, the company’s head of sales and marketing…

As per a memorandum of understanding signed by director general of Turkish company AGT, Sirzat Subasi, and that of Qazvin Industrial Parks Company, Hamidreza Khanpour, the Turkish side will…

Sarcheshmeh and Miduk copper mines produced 35 million tons of copper sulfide ore in the last fiscal year (ended March 20, 2017), according to Mohammad Hassani, chairman of National Iranian…

The second initial public offering of the current fiscal year (started March 21) is scheduled for Tuesday and is related to the telecoms company MobinOne Kish.

The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran's energy industry and the country is now poised to seal new oil and gas agreements worth three times the gas…

Close to 16,660 tons of pistachio worth $173.66 million were exported from Iran to 56 countries, including the US, Ukraine, the UAE, Italy, Bahrain, Brazil, Bulgaria, Turkey, Canada, Qatar,…

China will finance 88% of the project to electrify a 926-km railroad between Tehran and the eastern city of Mashhad, Islamic Republic of Iran Railways’ deputy head, Maziar Yazdani, said.

Bilateral trade between Iran and Turkey stood at around $5.32 billion during the first half of 2017, indicating an 11% increase compared with the similar period of last year, the Persian daily…

Plans are underway to establish a new apparel industrial town in Fashafouyeh, located in Tehran Province’s Rey County, with the stated aim of limiting imports, boosting domestic production and…