Prices of locally produced cars and pickups will not reduce, said the minister of industries, mining and trade.
Mohammad Reza Nematzadeh added that following the historic nuclear agreement…
Economy
The German automaker Volkswagen, the largest in Europe and the second biggest in the world, announced it was taking its first steps toward entering the Iranian market following the Islamic…
Toyota has launched an all-new Fortuner model simultaneously in Thailand and Australia. The high chassis car is the SUV version of the HiLux pickup.
It is now entering its second generation…
Well-versed investors are expected to garner devalued shares to shore up their portfolios and pump fresh inflows while observing diversification. Speculations about the prospect of the economy, as…
Iran is the world’s third biggest manufacturer of decorative and construction stones after China and India, but ranks as the 12th global exporter, said the vice chairman of Iran Stone Association…
Following the historic nuclear accord reached in Vienna last week, different sectors of the economy are poised to benefit in the post-sanctions era. In recent days, potential opportunities for…
Figures released by the Ministry of Industries, Mining and Trade show that production of cement and clinker reached 15.77 million tons and 19.26 million tons respectively in the first quarter of…
Tile production is in excess of the country’s need and manufacturers will fail to sell if prices go up, said the head of Tile Manufacturers and Tile Sellers Union. Factories are currently…
Iran is preparing for a trade and investment boom that could reshape the region following a nuclear deal with world powers, which paves the way for the lifting of western sanctions against its…
South Korea’s export credit agency pledged on Thursday to provide financial support to domestic firms trying to secure business in Iran, as industrial countries jockey to enter the market after…
Head of Tehran Association of Realtors has cautioned against the interference of banks in the real-estate market.
Hesam Oqbaei urged banks on Saturday to steer clear of the…
Following the recent announcement of a landmark nuclear deal between Iran and the six world powers in Vienna, a market analyst has urged the government to push for banking reforms, a move he hopes…
Deutsche Bank, Germany's largest bank by assets, says it will consider doing business in Iran only when sanctions disappear.
Data from the Ministry of Industries, Mining and Trade indicates that South Khorasan Province attracted the most investment in the first two months of the current Iranian year (March 21 to May 21…
The Austrian capital city of Vienna will host an international conference on post-sanctions investment opportunities in Iran on July 23 and 24. The ‘Iran-EU Economic Conference, Trade and…
The 17th Trade Fair of the Islamic Republic of Iran will be held in the Armenian capital Yerevan on September 8-11. Iranian traders and businesses as well as representatives from ministries will…
More than 180,528 tons of goods were transported via Nowshahr Port in the first quarter of the current Iranian year (started March 21), which indicates a 67% increase compared to the same period…
Mohammad Khodakarami has been appointed as the head of the Civil Aviation Organization by the Minister of Roads and Urban Development Abbas Akhoundi. Khodakarami, who has been serving as deputy…
Sales of digital items gadgets have hit a record low, even as prices fall, said Mehdi Mirmehdi, head of Iran’s IT Union, earlier this week.
“The plunge in prices has forced several in the…
Three years ago, Apple announced it had made 73% of all profits in the smartphone sector, despite just having 9% of global handset sales. But these days, Apple’s profits have soared to new heights…
Industry sources have revealed some of Google’s plans for the future of Android Wear.
Version 5.1.1 of the wearable OS came out fairly recently and brought about quite a few new gestures…
Risk aversion prevailed as Iranian investors cashed out of risky assets and moved toward the haven of foreign exchange and gold on Wednesday.
Iran and the six powers reached a historic deal on Tuesday after 20 months of negotiations to settle a 12-year dispute over Tehran’s nuclear energy program. Almost everyone in Tehran hopes…
With a nuclear deal between Iran and the major world powers finally done, the question that looms largest is how domestic industries, including the banking sector, will fare. Banking will be…
Governor of the Central Bank of Iran Valiollah Seif acclaimed the launch of ‘’Electronic Customs System’’ designed by the Islamic Republic of Iran Customs Administration, a move he hopes will end…
