Volkswagen Group CEO Martin Winterkorn, who last month survived an attempted ouster by his boss, told 5,000 VW managers that he plans to restructure the giant German automaker by October,…
Economy
Saipa, Iran's second largest carmaker, has failed to pay its debts to auto parts manufacturers and is in arrears by five months, auto news website Asre Khodro reported on Monday. …
Iran’s economy is recovering from a deep recession and inflation has fallen from historic peaks. Some believe the recession and the 2012 currency crisis were brought about by the sanctions the…
The results of a new study in Iran shows that “wage” and “availability of bank loans” are the two major factors affecting the cost of capital in a manufacturing firm, and not the lending rate as…
After much heated debate in recent weeks, deposit rate cuts were finally implemented on May 6 but, as forecast by analysts, some banks are reluctant to abide by the new mandate just as readily.…
Plans are underway to facilitate investment in free trade zones through the financial sector, an official with the Supreme Council of Iran Free Zones announced on Saturday. The council is revising…
Stocks rout at the Iran Fara Bourse (IFB) dragged down the benchmark IFX to slip 9.41 points or 1.3 percent to settle at 710.63 at Sunday’s close, IFB public relations reported.
More than…
Nearly 60,000 tons of various commodities, valued at more than 583 billion rials were traded at the Iran Mercantile Exchange spot market in an abysmal trading day on Sunday.
The CEO of Turquoise Partners, one of the core intermediaries in the private sector between Iran and the international community, has warned that foreign investors still face hurdles when they…
The gloom hanging over the economy due to recession, along with systemic and systematic risks at the Tehran Stock Exchange resulted in massive selloffs at the equity market on Sunday trading.
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Iran has a rich background in textile industry, as carpet weaving, loom weaving, dyeing, and embroidery have been practiced in the country for millenniums. It is also among the first industries…
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) are collaborating with Tehran Chamber of Commerce, Industries, Mines, and Agriculture to boost efforts to…
The industrial sector’s share from banking loans in the current Iranian calendar year (started March 21) will increase by 10 percent to reach $61 billion, ISNA quoted deputy industry minister…
Iran's relatively new e-commerce industry is gradually gaining traction as more e-retailers come online. In no more than two years, Hamechiiz, an online store specializing in apparel and design,…
The source of mysterious signals that left astronomers at Australia's most famous radio telescope scratching their heads for 17 years has finally been found - and it's a …
Spotify's tweet about the upcoming Mother's Day holiday in the US didn't go down quite as well as the company were probably hoping for.
MTN-Irancell, the country's second largest network by number of subscribers, announced it has expanded its 4G LTE network in the central city of Qom. The upgraded network was officially opened by…
Ninety-four percent of the world saffron production comes from Iran, according to deputy agriculture minister, Mitra Majdzadeh, as reported by Mehr news agency. She added that more than 280 metric…
The United States exported $74.2 million worth of goods to Iran in the first quarter of 2015, which indicates a 72 percent increase compared to the similar period a year before, according to data…
As of the last month of the past Iranian calendar year (ended March 20), 17 new commercial aircrafts have been purchased and delivered to the country , announced Minster of Road and Urban…
The export of water-intensive crops such as watermelon and potato will intensify the ongoing water crisis in Iran, agricultural expert Sadegh Beyknejad told ISNA on Saturday. He warned that if…
Close to 208,000 metric tons of barley, valued at $54 million, was imported during the first month of the current Iranian calendar year (started March 21), recording an increase of…
Housing prices increased by 3.6% in the first month of the current Iranian calendar year (started March 21) compared with the similar period last year, IRNA quoted deputy minister of road and…
Iran Fara Bourse (IFB) is gearing up to reveal new indices which could significantly help investors hedge their bets by picking stocks more carefully, IFB public relations quoted head of IFB, Amir…
China has deposited the first tranche of the pledged 1,8 billion euro investment for the seven national steel projects known as Provincial Steel Projects after a months-long delay, Fooladnews…
