Economy

Images of Nokia’s new flagship phone have been released on social media this week, making many die-hard fans hot under the collar by rumors the new phone will take on top-end Samsung Galaxy S8…

The iPhone SE was launched in March of last year and is now at the bottom of the company’s models.

Thankfully though, Apple has not forgotten the smallest of its smartphones and is…

Peeyade (meaning pedestrian in Persian), a local discovery app, has released an updated version for Android iOS users and now Windows. The application introduces Persian-language readers to…

CEO and founder of Telegram, Pavel Durov, took to Twitter on July 29 to say the company is set to regulate activities of modified versions of the application.

Better known as “forks”,…

In its latest directive, the Central Bank of Iran has raised the limit on the maximum amount to which the ratio of debts and assets held in foreign currencies by all banks and certified non-bank…

The annual general meeting of the Central Insurance of Iran company was held on Friday in Tehran and the head of the regulatory body presented a report on the performance of insurance sector,…

In light of the significant jump in Cooperative Investment Guarantee Fund’s capital adequacy ratio, the fund’s managing director announced that it is ready to issue up to 25 trillion rials ($658…

Bank Saderat Iran has doled out loans worth 174 trillion rials ($4.5 billion) in the fiscal year that ended on March20, 2017, registering a year-on-year growth of 36.3%. According to a statement…

You are considering investing in a large country with 80 million people and a relatively prosperous GDP per capita of almost $20,000.

President Hassan Rouhani has ordered the Cabinet to address the parliament’s concerns about steelmakers prioritizing flat steel exports over local downstream users’ demand, chairman of the…

Iran exported more than 20.6 million tons of mineral products worth over $2.83 billion during the first four months of the current Iranian year (March 21-July 22), registering a 3% growth and 5%…

The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 6.7 during the Iranian month of Tir (June 22-July 22). The ratio was calculated based on the market…

More than 864 tons of toothbrushes worth over 327 billion rials ($8.55 million) were imported into Iran from 15 countries in the last fiscal year that ended on March 20, 2017, the Islamic Republic…

Amid deepening Indo-Iranian ties, New Delhi is hopeful that the strategic Chabahar Port will be operational by 2018.

Road, Transport, Highways and Shipping Minister Nitin Gadkari, who was…

Iran is targeting dairy exports worth $1 billion in the current fiscal year (March 2017-18), Agriculture Minister Mahmoud Hojjati said.

“In the past, we used to import dairy products,…

Ankara, Doha and Tehran want to discuss land trade routes on the sidelines of the oath-taking ceremony of Iran’s president-elect, Hassan Rouhani, on Saturday, Turkish Economy Minister Nihat…

Commercial exchanges via railroad between Iran and Pakistan saw a staggering 420% growth over the past one year, Pakistan’s commercial attaché in Iran said. Nazar Muhammad Ranjha was also quoted…

Spain, China and Germany have been the leading foreign investors in Iran’s industries and mining  sectors since President Hassan Rouhani took office in August 2013 with $3.14 billion, $1.33…

Iran’s crude iron ore production capacity will be raised to 100 million tons/year from 75 million tons/year by the end of the current Iranian year (March 20, 2018), state mines and metal holding…

Chinese carmaker Chery has signed a memorandum of understanding with Bank Saderat Iran to offer special savings accounts linked to a possible future car purchase.

Carmakers in Iran offer…

Local automakers were recently given the go-ahead by the Competition Council to raise prices and one lawmaker says he would keep an eye on their actions.

The so-called Competition Council…

Auto importer, Datis Khodro, will offer five new Volvo models in the market in the near future.

Milad Alinaqi, the company’s CEO, said Datis will purchase the XC90, New XC60, V40, S90 and…

According to the latest customs data 23,266 vehicles were imported into the country in the first four months to July, up 55% y/y.  Figures released by Islamic Republic of Iran Customs…

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Thursday afternoon. The greenback was…

Iran’s jewelry market registered strong growth in the second half of 2017, with demand rising 20.5% at an annualized rate to hit 22.9 tons, according to a report by World Gold Council released…