Economy

Production of seven cars stopped in the Iranian calendar month that ended on December 21.

The models included Rayen Khodro's Voleex C30 and Kerman Motor Company's Lifan 620. During the same…

International sanctions hampered Iran's ability to connect with the global banking network, but the country now has secured correspondent relations with 900 banks across the world, announced the…

The privately-owned Ayandeh Bank, in a ceremony on Thursday, unveiled an open banking API portal called Finnotech, which is the first of its kind in Iran’s banking system.

Finnotech aims to…

Iran Insurance Company, the only fully state-owned insurance firm in Iran, is planning to spin itself off into several entities as part of its reform plans, said Mohsen Pourkiani, IIC’s chief…

Chances that the final draft of the Banking Reform Bill and the Central Bank Bill will be approved by the Iranian Parliament by the end of President Hassan Rouhani’s first term in the summer of…

The saga of Iran’s plans to buy Russian passenger aircraft took a new twist, with the head of Iran-Russia Chamber of Commerce Asadollah Asgaroladi declaring that the Russians are reluctant to sell…

While Iran may be known for its massive oil and gas reserves to many people around the world, it is little known for its top-quality pistachios.

Production of the nut in Iran dates back to…

Two international exhibitions opened simultaneously on Friday at Tehran International Permanent Fairground and will run through January 9. The Fourth Exhibition of Nuts, Dried Fruits and Relevant…

Iran’s major steelmakers exported over 4.12 million tons of crude steel and steel products in the nine months ending December 20, registering a 55% growth compared with last year’s corresponding…

Iran Airports Company needs $250 million worth of “radar equipment and navigation systems”, the CEO of Iran Airports Company said.

“We’re planning to revamp all our airport equipment to…

Iran exports non-oil goods and services worth $200-300 million to Tajikistan every year, accounting for 80% of the Islamic Republic’s total exports to the member of the Commonwealth of Independent…

Iraq decided to close the Al-Shib border crossing with Iran for 10 days and form an investigation committee after disagreements erupted over the crossing’s revenues.

The decision was made…

Trade turnover between Iran and Turkey stood at $8.79 billion during the 11 months of 2016, according to the latest statistics released by the Turkish Statistical Institute. The figure indicates a…

Microsoft is not building its own connected car — but it is launching a new Azure-based cloud platform for car manufacturers that want to use the cloud to power their own connected-car services.…

Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold - a growing market share that ate into…

A broader range of activities online has been made easier with 100 government services added to the National Information Network, says a deputy at the Information Technology Organization, Reza…

Norway is set to become the first nation to start switching off its FM radio network next week, in a risky and unpopular leap to digital technology that will be closely watched by other countries…

Tejarat Bank’s chief executive has called for Iranian banks and payment service providers to prepare the grounds for using Bitcoin in the country.

Speaking at a meeting on crypto-…

World Bank Group in its latest analysis of Iran’s economy has forecast Iran’s economy to grow at an annual average rate of 4.5% in 2016–18.

A joint bank between Iran and Pakistan will be established and become operational before the current fiscal year is out, announced Iran’s ambassador to the South Asian country.

Iran is home to 1,728 endemic medicinal plants, twice as many as all of Europe’s. This remarkable diversity made Iran one of the key traders of medicinal plants in the past.

Sri Lankan officials are setting up a business delegation to send to Iran, as President Maithripala Sirisena is scheduled for a visit to Tehran later this month to expand relations with the…

A delegation of Indian rice producers headed by President of All-India Rice Exporters Association Mohinder Pal Jindal are scheduled to visit Tehran on January 27 to pave the way for increased rice…

About $8.5 billion in foreign direct investment have been made in Iran’s industrial sectors so far since Hassan Rouhani took office as Iran's president in August 2013, the minister of industries,…

The construction of Iran’s biggest rail bridge will be completed in a fortnight, a deputy minister of roads and urban development announced.

Kheirollah Khademi added that the project has…