Economy

Following the recent report of the Kaptur model being produced by Renault in Armenia and exported to Commonwealth of Independent States and Iran, Renault Pars responded by saying the report is…

Mercedes Benz will be exporting 2,000 vehicles in the new Iranian year (started March 20).

Setareh Iran, the official distributor of Mercedes Benz in Iran, has announced that in the new…

An Iran-Oman joint venture to manufacture cars in the sultanate will become operational after one year, according to a senior official of Iran Khodro Industrial Group.

Saeed Tafazzoli, IKCO…

Bank Muscat has received the regulatory approvals to open a representative office in Iran, Oman's largest lender said in a bourse filing on Tuesday.

"The bank is in the process of…

The Central Securities Depository of Iran will clear 1.4 trillion rials (about $40 million at market exchange rate) of interest payments to bondholders in Farvardin (Iranian month started March 20…

According to the head of the Tehran Association of Realtors, an increase in the number of housing deals can be predicted during the first half of the current Iranian fiscal year that started on…

Tejarat Bank is giving voice to environmental concerns in a new plan that includes a lending boycott on pollutant industries, expanding e-banking services, investing in public transportation…

Melli Bank London Plc, a subsidiary of Bank Melli Iran, will soon obtain permission for restarting branch in Hong Kong, Abdolnasser Hemmati, BMI’s chief executive said Tuesday.

He made the…

Loans will be granted to Iran’s clothing and apparel manufacturers from the National Development Fund, Iran’s sovereign wealth fund, Labor Minister Ali Rabiei announced. The loans will carry a 16…

Bananas can be imported at a low tariff rate of 5% when apples are exported in return, an official with the Ministry of Agricultural Jihad said.

The egg production sector needs proper management to curb price fluctuations that severely damage the industry, secretary of the Egg Producers Union said.

Bypassed for decades by the luxury industry, Iran and its explosive market growth potential have recaptured the attention of global luxury heavyweights in the last 12 months.

Labor force participation rate rose to 38.2% in the last Iranian year (ended March 19) from 37.2% the year before, said government spokesman.

Iran’s Agricultural Minister Mahmoud Hojjati will meet his German counterpart Christian Schmidt in Tehran on April 10, the government’s news portal reported. Improving the two countries’ relations…

Tehran Stock Exchange’s main index TEDPIX inched up 93.70 points or 0.12% to settle Tuesday trade at 80,965.8.

Close to 60% of the listed companies recorded increases in their shares prices…

Iranian cement prices will rise 17% by July, says the chairman of Cement Industry Employers Association, Abdolreza Sheikhan. According to the official, the hike in prices is intended to make up…

The Iranian Privatization Organization sold 219 billion rials ($6.2 million at market exchange rate) worth of government-owned stocks to non-government owners in the last Iranian month (ended…

Businesses need loans, but they are too expensive. Investment in new ventures is low because it is hard to find a business plan that can return more than a bank offers to its customers.

In…

Capital increases by companies listed in Tehran Stock Exchange rose 14% in the last Iranian year (ended March 19, 2016), as companies raised cash to keep their solvency.

Samsung Electronics Company officially launched its latest flagship mobile handsets, the Galaxy S7 and S7 Edge in the Iranian market on April 5 at Tehran's Milad Tower Complex.

The Samsung…

An Iranian startup company has created a new smart key finder called Findima that can locate anything connected to it.  The new device is a location-based device that works with a mobile app…

An Iranian scientist, Nima Sharifi, along with his colleagues at US Case Western University, opened the door for a new detection method that allows doctors to diagnose patients with certain…

Facebook began using artificial intelligence to help people with visual impairments enjoy photos posted at the leading social network.

The online social networking service  introduced…

Two trade delegations, one from the Czech Republic and another from Russia, are due to visit Iran on 17th and 19th April respectively and visit Tehran’s Chamber of Commerce, Industries, Mines and…

The Central Bank of Iran held a press meeting Monday to officially announce that it has reconnected to Swift, the interbank messaging system. The move comes after sections of the conservative bloc…