Economy

There is an overall “geographical dispersion” in the automotive industry, but the distance between Iranian automakers and parts suppliers raises the question whether the distribution is logical or…

Bam Khodro will start the presale of GC6 from June 10 putting it under the category of high-quality affordable cars, according to automotive website Persian Khodro. The car should be available for…

Both Ford and General Motors say US withdrawal from the Paris Agreement does not affect their views on climate change, or their plans to reduce carbon emissions.

And some auto industry…

In its latest Global Economic Prospects report, the World Bank has slightly lowered its forecast for Iran's real GDP growth up until 2019, while putting the inflation rate at double digits for…

Bank Maskan is determined to continue doling out mortgage loans as part of the Housing Savings Account scheme, the head of Bank Maskan’s public relations office announced.”Housing Savings Account…

The process of transferring foreign exchange to other countries might solely become the jurisdiction of exchangers due to the recent disputes with Halkbank and Emirati banks, a banking expert said…

The Central Bank of Iran has released the names of 40 registered banks and credit institutions active in the country, which include the names of five foreign banks mostly based in Tehran and Kish…

The US International Trade Commission has determined, by a unanimous vote of 5 to 0, that revoking the US antidumping duty order on imports of raw in-shell pistachios from Iran would likely lead…

Close to 284 tons of different kinds of shrimps worth more than 3.8 billion rials (over $1 million) were exported during the first month of the current Iranian year (started March 21), the Islamic…

Each Iranian consumes 15-20 liters of bottled water per year on average, considerably low compared with the neighboring countries.

In Turkey, for instance, per capita consumption stands at…

Chairman of Iran’s Trade Promotion Organization Mojtaba Khosrotaj is scheduled to visit Kenya at the head of a commercial, marketing and investment delegation from July 4 to 7, director general of…

Services exported in the last Iranian year (ended March 20, 2017) stood at $13.28 billion, registering a 1.3% decline compared with the previous year, Trade Promotion Organization of Iran…

Iran exported 147,000 tons of tomato paste worth $203 million during the last Iranian year (March 2016-17), up by 1% and 24.5% in value and volume respectively compared with the year before, Trade…

Tehran Stock Exchange’s main index shed 13.70 points or 0.02% to end Sunday trade at 78,205.1.

More than 1.1 billion shares valued at $70.6 million changed hands for the day.

Iran…

India’s National Aluminium Company Ltd., otherwise known as NALCO has put all its overseas projects on hold, including one in Iran, to focus on expanding domestic capacity, its chairman has said…

Major Iranian steelmakers exported 571,888 tons of semi-finished and finished steel products in the second month of the current Iranian year (April 21-May 21), registering a 24% drop compared with…

Iran’s trade with China, which had been registering deficits over the last decade, marked a turning point in the first quarter of 2017.

Iranian exports to its top trade partner saw a sharp…

At the helm of a commercial delegation, President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei will head for Croatia on July 4 for a four-day visit, ICCIMA’s…

Apple Inc. is set to release an authentic Persian keyboard in its forthcoming upgrade for its operating system, iOS11, the American firm announced on Tuesday at its latest gathering called…

The CEO of Telecommunications Company of Iran (TCI) which works alongside Iran’s largest mobile operator, Mobile Communications Company of Iran (MCI), said both companies “have met all their…

Mostafa Meisami has given up on farming life, trading his old job raising cattle for a better-paying gig ferrying commuters through the notoriously clogged streets of the Iranian capital.

A regional workshop on Internet of Things (IoT) will be held at Iran’s Faculty of Information and Communications Technology in Tehran on July 8, according to local media outlets.

The…

Bank Refah Kargaran has launched the pilot phase of its mobile-based payment service in collaboration with one of the major mobile operators, RighTel.

The Planning and Budget Organization is set to finance Social Housing Scheme by injecting 1.6 trillion rials ($42 million), the head of Housing Foundation of Islamic Revolution announced.”This aid…

The construction of remaining units of Mehr Housing Project in the Iranian capital will be completed by the end of the current fiscal year (March 20, 2018), announced the director of housing and…