Economy

The Industrial Development & Renovation Organization of Iran (IDRO) and French automaker Renault are to sign a production contract in two weeks according to the state-owned company’s chief…

An unofficial representative of Toyota in Iran, Irtoya is set to launch sales of the recently launched C-HR crossover model.

The sporty-looking model first appeared in the country at the…

Electric-only car company Tesla, announced that in first three months of 2017 the company delivered over 25,000 vehicles to its customers.

The record quarter marks a shift if the company’s…

Global automotive components supplier Magna is going to invest $5 million Canadian dollars in the Vector Institute, a new independent Artificial Intelligence (AI) research facility in Toronto,…

The investment treaty between Iran and Japan will come into force as of April 26, a statement released by the Embassy of Japan in Iran on March 27 reads.

The two countries signed the…

Data released by the Central Bank of Iran for the last Iranian year that ended on March 20 put the number of residential housing deals in the capital Tehran at 162,100–marking a 5.4% annual…

The General Court of the European Union has dismissed Tejarat Bank’s challenge to an EU decision to relist it back in 2015.

Executing currency revaluation in Iran by removing one or more zeroes from the rial will require conditions that will not materialize for at least another two years, the governor of the Central…

The figure for broad money supply crossed 12 quadrillion rials ($320 billion) by Jan. 19, marking a 26% increase compared with the previous year.

The Central Bank of Iran has announced that it will continue to pursue plans to sideline the US dollar.

The bank said in a statement that the country, in line with previous measures, will…

Iranian steel mills produced 2.89 million tons of crude steel in the first two months of 2017, registering a 6.2% growth year-on-year, according to the latest report released by World Steel…

German steel plant maker SMS Group has signed a $400 million contract to expand production at Iran’s Mobarakeh Steel Company but faces challenges in raising financing so there is no clear timeline…

Tehran Stock Exchange’s main index TEDPIX shed 2,989 points or 3.7% over the last Iranian year (March 2016-17) to end at 77,230. However, the smaller over-the-counter exchange Iran Fara Bourse’s…

The Armenian government approved a bill on March 30 to establish a free trade zone near the country’s border with Iran.

Meghri Free Trade Zone will be set up in Syunik Province near Iran’s…

The goods and services Consumer Price Index for rural areas in the 12-month period ending March 20, which marks the end of the last month of the past Iranian year (Esfand), increased by 7.2%…

Plans are underway to establish five medicinal herbs export terminals in Iran, says an official with the Ministry of Agriculture.

Iran has shown interest in purchasing 100 Russia’s Sukhoi Superjet-100 medium-haul passenger planes but the agreement has only been reached regarding 12 aircraft at present, Russian Energy…

The average goods and services Consumer Price Index for urban areas in the 12 months ending March 20, which marks the end of the final month of the last Iranian year (Esfand), increased by 9%…

India is inching closer to establishing its presence near the Persian Gulf with billionaires Gautam Adani and Essar group’s Ruia brothers flagging interest in managing terminals at Iran’s Chabahar…

German exports to Iran rose by 26% last year and by more than 30% in January alone, says an economist at Germany’s Chamber of Commerce and Industry, known by its German acronym DIHK, as trade…

The odds of Boeing selling planes to Iran appear to be lengthening by the day, CNN Money reported.

Relations between Iran and the US are going from bad to worse. Tehran slapped sanctions on…

An extended railroad construction is underway to connect Iran to the Syrian west coast on the Mediterranean Sea, crossing the Kurdistan Region in northern Iraq, according to Iranian President…

Samsung’s Galaxy S8 has yet to officially hit the shelves in Iran (apart from a couple of stores claiming to have the new phone in stock at 30 million rials), but it has already caused an issue…

Sales from science-based companies doubled during the last fiscal year (ended March 20) and reached 200 billion rials ($5 million) compared to the 100 billion rials ($2.5 million) in the preceding…

An Iranian advertising company, Novin Marketing has begun selling advertisement for Iranian companies via Google’s AdSense software, according to claims by the enterprise.