Economy

In a meeting between Thai Ambassador Ramsee Chittham and head of Shiraz Chamber of Commerce, Industries, Mines and Agriculture Fereydoun Forghani in the capital of Fars Province on…

Iran is likely to record the largest budget deficit since the 1980-88 war with Iraq as last year's drop in oil prices proved too steep for the government to swallow. Although budget deficits are a…

The Organization of Islamic Cooperation’s International Business Center will hold the 6th Muslim World Biz Expo in Kuala Lampur October 27-30, the Iranian executive manager of the organization…

Emirates is looking to add more flights to Iran, including to new destinations, Emirati media quoted a senior executive as saying on Tuesday, the day it launched flights to Mashhad, Iran’s second…

French new-car sales, which rose 9.7% in August, was boosted by an extra selling day. Registrations rose to 92,052 cars in the seasonally slow holiday month from 83,715 a year earlier, the Comité…

Renault's local joint venture, Negin Khodro, is to offer new "VIP" services for local customers in the case of an emergency situation or breakdown.

Customers, who previously bought cars…

The 2016 Citroen Ds4 has had a facelift with new styling and refreshed engines and the arrival of the DS4 Crossback, as a high-riding variant.

More than 450 bankers from [Persian] Gulf Cooperation Council member states will come together next month at a leading banking technology and innovation event in Dubai this month.

The Fifth…

New Towns Development Company has detailed a set of plans seeking to develop “new cities” in Mokran coastlines—a Persian term referring to the coastlines of the Persian Gulf and Sea of Oman, the…

The government is not authorized to regulate interest rates in a top-down manner in an Islamic banking system, instead rates should be based on market conditions and rate of return, said Minister…

The average home price in Tehran continued to fall in the month to Aug. 22, according to data collected by Central Bank of Iran and Tenement Management Information System. Every square meter of…

About $700 million worth of paper and cardboards are imported every year due to significantly low domestic production, said the head of Printing and Publishing Office of the Ministry of Culture…

Most indices at Tehran Stock Exchange limped to a mixed close on Tuesday with the benchmark inching up 25.2 points or 0.04% to end a seesaw trading day at 64,251.

TEDPIX’s downbeat…

For years, the home appliance industry has been in dire straits and hit with various blows rendering it unable to live up to its potential.

The high inflation rate that brought about a…

About 150,000 tons of bitumen, sulfur and roof insulation were offered on Iran Mercantile Exchange’s export trading floor on Tuesday.

This summer Iran struck a nuclear deal with the US and other foreign powers. Now with sanctions on Tehran expected to ease, the United Arab Emirates-based firm RAK Ceramics is looking to boost…

Saffron harvest will start in October, says deputy minister of agricultural Jihad Mitra Majdzadeh. The official, however, noted that the precise time of harvest will depend on the climate…

Europe’s largest airline Lufthansa is in talks with the government over the past weeks for direct investment in airport construction in Iran, ISNA quoted member of Commission of Representatives at…

About $350 million worth of seafood will be exported by the end of the current Iranian year (March 20, 2016), said the head of Iran’s Fisheries Organization. “After the lifting of sanctions and…

More than 5.25 million tons of oil and non-oil goods crossed Iran’s borders during the first 5 months of the current year (started March 21), said the director general of Transit and Border…

Researchers from Tehran University of Medical Sciences have produced a nanocomposite to treat damaged bone.

A new photographic contest by Iran's largest mobile phone operator, Hamrah-e-Aval, has been launched on the online mobile photo-sharing and social networking service Instagram. The contest began…

EU officials have been accused of "splashing the cash" by pumping €3.28 million into developing videogames.

Britain's TaxPayers' Alliance compiled a list of projects that received money…

Demand for computers is at record lows in the Middle East and Africa region, according to a new regional sales report.

On Sunday, the International Data Corporation said the region’s PC…

In the 10 years since RAK Ceramics opened a $40 million tile manufacturing plant in Iran, the United Arab Emirates-based firm has racked up millions of dollars in losses, fired hundreds of…