Economy

HMD Global which now produces Nokia-branded phones is getting an early boost to its entry into the Iranian market with three of their newest releases already going on sale -- albeit unofficially…

China’s first cargo spacecraft docked successfully with the Tiangong-2 space lab on Saturday, the official Xinhua news agency reported, marking a major step toward Beijing’s goal of establishing a…

Seedstars World, the global seed-stage competition to identify young talents in emerging and fast-growing startup markets will be held in the Azerbaijan capital  on May 3.

The fifth…

Elections can disturb the gold market, but it has not witnessed any fluctuations so far, said the head of Tehran Gold and Jewelry Union.

"Despite the fact that presidential candidates have…

Low-cost residential units popular among first-time buyers will experience growth in prices during the current fiscal year (started March 21) and the sales of these units will also increase, said…

The Bank of Industry and Mine is currently negotiating with three foreign banks to attract funds for Iranian projects, the bank’s chief executive said.

“Negotiations are currently underway…

A notable decline in liquidity growth is a reassuring sign that Iran will be able to anchor its inflation in the single digits, the governor of the Central Bank of Iran said.

Iranian banks allocated 5,484 trillion rials ($146.2 billion) to various sectors during the fiscal year that ended on March 20, 2017, registering a growth of 1,310 trillion rials ($35 billion) or…

The lifting of sanctions on Iran following its nuclear deal with global majors in 2015 has opened up a world of opportunities for global companies to foray into.

Tehran Stock Exchange’s main index gained 651.30 points or 0.83% to end Saturday trade at 79,302.7.

More than 1.22 billion shares valued at $73.67 million changed hands for the day.

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As Iranian mills’ steel product output is on an overall downtrend, the only commodity defying this trend is hot-rolled coil, which is solely produced by Iran's largest steelmaker Mobarakeh Steel…

Bank Saderat is set to resume trading on Tehran Stock Exchange this week after it published an auditor’s report on its first profit in the current fiscal year (started March 21) on Saturday. Bank…

About 90,000 tons of trout were produced in Iran in the last fiscal year that ended on March 20, 2017, the head of Iran’s Union of Seafood Reproduction, Cultivation and Exports said.

“The…

Wheat rotting away or destroyed in rain would be a serious concern, if the government fails to work out a solution about its safe storage or exports, Kaveh Zargaran, the chairman of Agriculture…

Italian companies Candy and Zerowatt and Germany’s Bosch have signed joint venture agreements with Iranian companies, the head of Iran’s Household Appliances Association said.

Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on…

More than 2 million tons of goods worth over $1.7 billion were exported from Khorasan Razavi Province in the last Iranian year that ended on March 20, 2017, registering a 4% and 2% growth in…

More than 488,000 tons of goods worth $91.4 million were exported from Bandar Lengeh Port in the southern Hormozgan Province in the last Iranian year (March 2016-17), Bandar Lengeh Customs Bureau…

A classic car show opened in the Kurdish city of Sanandaj, the capital of Kurdistan Province in west Iran, on April 20, with more than 500 vehicles on show for the first time. The Sanandaj Classic…

China’s premium car market will grow by half over the next decade, Audi CEO Rupert Stadler said, citing growing personal wealth and the emergence of flourishing private enterprises as key drivers…

The recently revived German luxury mark Borgward says it is negotiating with Iranian carmakers to launch joint production lines in the country.

Deputy director Tom Anliker, said he recently…

Iran Khodro, Iran’s largest carmaker, announced on Saturday that its Samand sedan production in its Iskandariya plant in central Iraq is now producing 45 to 50 units per day.

The goods and services Consumer Price Index for urban areas reached 6.9% in the 12-month period ending April 20—marking the end of the Iranian month of Farvardin—compared with last year’s…

Vietnam is looking to expand ties with Iran, especially in the banking sector, reaffirming the commitment to achieve the bilateral trade target of $2 billion set in Oct. 2016 .

This was…

The Central Bank of Iran has responded to media reports that viewed the latest World Economic Outlook by the International Monetary Fund in a negative light.