Economy

The US dollar continues to rattle the foreign exchange market with gains in the free market. The currency posted a weekly gain against the rial, taking a heavy knock on Monday amid news that the…

Google Inc. is bringing in John Krafcik, the veteran Ford and Hyundai executive, to head its self-driving car program, presenting the clearest sign yet of Google’s broad commercial aspirations for…

Iran's former national car, Paykan—produced for over 40 years, is finally seeing the end of its life as taxis on the roads of the Iranian capital.

The announcement of the upcoming ban was…

Ten automakers have committed to the US government to include automatic emergency braking in all new cars, a step safety advocates say could significantly reduce traffic deaths and injuries.

Not long ago in a meeting held between the officials of Hyundai Motor Company and the Ministry of Industries, Mining and Trade, the South Korean company expressed its willingness to produce cars…

Due to the wide availability of raw material and technology, six Iranian auto glass manufacturing factories are cooperating with domestic carmakers.

A portion of these factories' output is…

Head of Kerman Province’s Walnut Association, Farshad Soltaninejad says frostbite, pests and heavy summer showers have made the situation critical for Iran’s walnut growers. “In case the situation…

Food supplements, dietary supplements and vitamin supplement are all different names of the same product that has found its way into the households’ consumer basket all over the world, including…

More than 28,600 tons of eggs were exported during the first five months of the current Iranian year (started March 21, 2015), indicating a 31% increase compared to last year’s similar period,…

Hormozgan’s palm groves will produce 148,000 tons of dates by the end of the harvest season (October 23, 2015), announced deputy for improvement of plant production at Agricultural Jihad…

More than 1 million tons of oil and non-oil goods were loaded and unloaded in Kish Port during the first five months of the current Iranian year (started March 21), according to director general…

Isfahan Chamber of Commerce, Industries, Mines and Agriculture signed a memorandum of understanding with Ukraine's Kherson and Donetsk provinces on Saturday for cooperation in “Farming Beyond…

While expectations are running high that an end to economic sanctions against Iran and a return of foreign investment will boost stock valuations, economists increasingly point out that another…

Deputy minister of industries, mining and trade, Mehdi Karbasian, says the government is making every effort to stop raw material exports in the steel sector. “The plan is to stop shipping iron…

Iran Mercantile Exchange’s industrial and mining trading floor witnessed the offering of 4,000 tons of copper cathodes priced at 177,217 rials per kg, 3,500 tons of copper wire at the base price…

The hazy economic outlook, coupled with liquidity crisis and uncertainties about listed companies’ performance, dramatically dragged down Tehran Stock Exchange’s benchmark to a three-month low.…

Iran Mercantile Exchange and Tehran Stock Exchange are gradually introducing more futures contracts as the country tries to hedge risks and stabilize the prices of agricultural, industrial and…

The Ministry of Economic Affairs and Finance has outlined a blueprint for banking reforms in a press release Sunday. The news comes after the conservative Tasnim News Agency criticized the…

Long-awaited Unionpay cards are now available in the country as a result of the nuclear agreement between Iran and world powers. The cards are now accepted and card holders can use them for their…

The Export Development Bank of Iran is preparing to return to international markets and help improve the Iranian market for attracting foreign investment after the lifting of sanctions.

There are an estimated a million empty properties in the country, head of the National Tax Administration said at the weekend as reported by the official website of the Ministry of Economic…

In a measure unheard of in recent Iranian economic developments, Bank Day has decided to accept aircraft as collateral from domestic carriers wanting loans to purchase new planes. The move is the…

According to the Ministry of Communications and Information Technology, 13 million Iranians are currently using Telegram, said Mohammad Hassan Entezari, secretary of the Supreme Council of…

Iran Post Company has lined up an ambitious project for the post-sanctions period.

In an interview with the Persian-language technology and telecoms website Tech Rasa, Hossein Mehri, chief…

Apple iPhone 6S and iPhone 6S Plus are now on sale this very minute via online pre-orders in the US, which is aimed at cutting back on long lines at its retail stores.