Economy

Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals…

The national police chief Hussein Ashtari says the Kia Cerato has been selected for use as the new police car in Iran.

Iran's police fleet has recently been using locally made Iran Khodro…

An independent local automotive firm Carmania Arvand has signed a collaboration deal with the Turkish bus manufacturer TEMSA (Termomekanik Sanayi ve Ticaret A.S). 

Carmania’s director…

Iran’s auto market will receive two new imported Peugeots by August. One of models to make it to the expanding car market is the large 3008 SUV.

It will be imported as a completely built…

Iran's exports via railroads increased 55% during the 10 months of the current Iranian year (March 20, 2016-January 19, 2017) compared with the similar period of the previous year, according to…

The goods and services Consumer Price Index for urban areas reached 6.8% in the 12-month period ending February 18, which marks the end of the Iranian month of Bahman, compared with last year’s…

A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the government’s measure to revaluate the Central Bank of Iran’s foreign exchange assets to increase the…

The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows…

Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas Field.

Tehran Stock Exchange’s main index gained 59.50 points or 0.08% to end Sunday trade at 77,658.6.

About 712 million shares valued at $40 million changed hands for the day.

Azarbaijan…

Over 145% of the projected revenues for the Islamic Republic of Iran Customs Administration in the current Iranian year’s budget will be realized by the yearend, IRICA announced in a report. The…

The domestic steel market is currently grappling with a glut. Some cash-strapped producers have cut down on production to weather the storm, while many large-cap players carry on at full capacity…

Iranian producers managed to sell significant volumes of steel billet to foreign customers by offering discounts. 

The mills’ pricing may receive some support from the current market…

Iranian aviation company Aseman Airlines has entered into an agreement with Rolls Royce to purchase up to 100 aircraft engines, according to a statement from the country’s Ministry of Roads and…

Tehran is hosting a spring exhibition for the direct supply of domestically-produced goods.

More than 350 domestic producers are offering their products at 10% to 30% discount, Mehr News…

Kyrgyzstan’s Minister of Agriculture, Food Security and Land Reclamation Nurbek Murashev is scheduled to meet with his Iranian counterpart Mahmoud Hojjati in Tehran today to survey ways of…

Some 1,000 industrial units operating in industrial parks across the country exported $1.7 billion worth of goods over the 11 months to February 18, the head of Small Industries and Industrial…

Iran’s pistachio accounts for $1.5 billion of a total of $2 billion worth of nuts exported from the country annually, said Asadollah Asgaroladi, a member of Iran Chamber of Commerce, Industries,…

A new messaging application developed by Iranians students was unveiled last week. The app 'Bale' (yes in Farsi) and what distinguishes it from similar competitors is its banking and payment…

A London hospital is using VR to make medical testing more comfortable for children.

King’s College Hospital teamed with the Google Play Specialist team to create an app that—when worn…

Samsung had a lifetime's worth of battery woes in 2016. Seeking to ensure it doesn't endure a repeat crisis in 2017 the company is looking to a variety of battery manufacturers to provide parts…

An estimated 30 million SIM cards are in the process of being disconnected according to a deputy from the Telecoms Ministry, ICTNA reported on February 18.

Each year 12.5 million cell phones are brought into Iran illegally depriving  government coffers $350 million in tax revenues, says a business official.

In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran's deputy…

Tejarat Bank is looking to the UAE and China as the next target markets to expand its operations, announced the bank’s director for international affairs.

Ali Mehrpour also detailed the…