Economy

Audi aims to have three electric models by 2020, which should account for 25 to 30% of its sales by 2025, CEO Rupert Stadler told a German newspaper.

Under the plan, which Stadler presented…

An internal review ordered in mid-2015 by top Fiat Chrysler executives uncovered thousands of vehicle sales reported by FCA brands for which there were no actual buyers, according to two company…

The latest DS6 model was officially launched in Tehran on Sunday.  Arian Motor Taban, the legal representative of France’s DS cars in Iran, had organized the inaugural ceremony.  Company…

The involvement of banks in non-banking operations should be allowed “to a defined extent”, the director of Monetary and Banking Research Institute said.

“Banks need to run subsidiary…

A former head of the Association of Realtors says large amounts of capital is locked up in banks instead of being used to prop up the struggling manufacturing sector,

Noting that the…

The banking sector’s total debts to the Central Bank of Iran stood at 893 trillion rials ($28.9 billion) as of May 20 -- an increase of 6.6%, year-on-year according to Central Bank of Iran’s data…

The governor of the Central Bank of Iran announced that the Usury-Free Banking and the Central Bank Reform Bills will be sent to parliament by late August.  

As Iran pushes to get what it paid for in the landmark nuclear deal it signed a year ago with the six world powers, the country's private banks have taken the lead in rebuilding the financial…

A new storage facility for hazardous goods and inflammable material has been built at Imam Khomeini Port’s Special Economic Zone at a cost of 153 billion rials (more than $4.3 million at market…

Close to 640,000 tons of goods valued at $263.7 million were exported to Japan during the first three months of the current Iranian year (started March 20), which indicates a 30% drop over last…

Domestic rice production is projected to reach 2.3 million tons in the current Iranian year (March 2016-17), according to Kaveh Khaksar with the Ministry of Agriculture. Rice farmers in the…

About $15.5 billion worth of goods were smuggled into and out of Iran in the last Iranian year (March 2015-16), which is 27.7% less than that of the previous year, according to the anti-…

Agriculture Minister Mahmoud Hojjati said wheat production will outstrip demand by the end of the current Iranian year (March 2017), which will make Iran self-sufficient and help build up its…

More than 826,000 tons of commodities, valued at $346 million were exported to Iraq via land borders of the city of Qasr-e Shirin in western Kermanshah Province during the first three months of…

The construction of Jajarm Aluminum Plant will be completed by the end of May 2017, according to the head of Iranian Mines and Mining Industries Development and Renovation Organization.

…

The 25th International Furniture Fair is scheduled to take place from August 3 to 6 in Tehran’s International Permanent Fairground.

Iranian private sector steelmakers produced over 1.8 million tons of crude steel during the first half of 2016, registering a whopping 92% rise compared to last year's corresponding period,…

Most Iranian ports are quite developed and well known.

Caspian Sea ports in the north of the country (Anzali, Amirabad and Noshahr) are predominantly involved in imports from neighboring…

Tehran Stock Exchange’s main index added 249.60 points or 0.33% to end Sunday trade at 75,183.9.

More than 732 million shares valued at $71.8 million changed hands for the day.

Zar…

Finding the perfect restaurant or cafe can be confusing in Iran.  There are several of them around but it can be difficult to find the perfect one, as there aren’t many reliable restaurant…

Nine days after the official launch of Mobile Number Portability services in Iran, a deputy at Iran’s Communications Regulatory Authority elaborated on the number of users that have attempted to…

Sony showcased its latest 4K Ultra HD TVs in the US and the spectacular lineup comes to complete the varied television experience that the company has been offering.

Each of the new…

Verizon and Yahoo are set to announce that they are striking an acquisition deal, according to sources close to the situation.

The news is expected by Monday, although it could come earlier…

Georgia and Iran are strengthening ties in the fields of information and communications technology.

Minister of Communications and Information Technology Mahmoud Vaezi visited Georgia’s…

More than 8.2 million tons of wheat worth close to 105 trillion rials ($2.99 billion at market exchange rates) have been purchased from local farmers since the beginning of the harvest season in…