Economy

MINI has shown off their new concept in driving assistance, an augmented windscreen which highlights coming up potential incidents, World Car Fans reported on Saturday. The new system isn't…

Toyota Motor Corporation is to introduce a new Lexus model in China for the second year in a row, highlighting a completely redesigned ES sedan in Shanghai this month, Bloomberg reported on Friday…

Iran's auto sector has seen a boost in production since it was exempted from US sanctions under the Geneva interim nuclear accord reached in November 2013 and executed in January 2014. With the…

Citroen is conserving a new naming structure to better help distinguish its cars within parent PSA Peugeot-Citroen's line up, Autonews Europe announced on Friday.

New registrations of cars have been banned since March 18, and will continue until April 30, ISNA reported on Friday. The report notes that registered car importers are obliged to renew their…

In anticipation of a boost in sales, national auto producers Saipa and Parskhodro increased prices of their products between two million rials ($60.8 at free market rate) to 10 million rials ($304…

Various trading floors at the Iran Mercantile Exchange recorded the offering of more than 121,000 tons of commodities by local suppliers on Saturday trading, IME public relations reported. The oil…

The Islamic Republic of Iran and the Sultanate of Oman have close diplomatic relations. Muscat, which has always tried to take a neutral stance in the regional political arena, maintains good ties…

Stocks registered their second rout in Tehran Stock Exchange (TSE) on Saturday since the beginning of the new Iranian year, which started March 20, with petrochemicals dragging down the benchmark…

Even though Iran is ranked globally as the 11th iron ore producer and the fourth supplier to China – the world’s biggest buyer of iron ore — next only to Australia, Brazil, and South Africa, the…

More than 2.7 million tons of commodities worth over $295 million were exported to Iraq in the past Iranian calendar year (ended march 20), via Mehran border crossing, showing an increase of 4…

Iran’s water resources supervision index in the second half of the past Iranian year (ended march 20) indicates that 13 provinces are suffering severe water shortage while 7 provinces are facing…

The high levels of import of certain goods during the past few years has caused problems for the economy, said Ali Fazeli, the head of Iran Chamber of Guilds. Lack of proper management over the…

In today’s globalized world, making trade between economies easier is becoming increasingly important. Excessive document requirements, burdensome customs procedures, inefficient port operations…

Shareholders will gain more after international sanctions are lifted, as more liquidity will flow into the equity market in upcoming months, a market expert said.

Given the fact that the administration has successfully improved business environment and the economy, the banking system will have the opportunity to offer services abroad, said a senior central…

The Central Bank of Iran is a playground for politicians. Its policies are set by a board heavily influenced by the government. Thus, it has to cover shortfalls in fiscal policies via monetary…

A return to pre-sanctions era, when Iranian banks were well connected with international banks, will take at least four to seven months, said a managing director of a privately-owned bank in…

Commercial banks and credit institutions have started providing “weekly” and even “one-hour” loans to their customers as economic hardships have made it hard for domestic business people to remain…

Around 90,000 tons of bitumen 6070 was exported through the IME’s export trading floor during the week that ended April 8, Imereport.com reported. Analysts believe following the preliminary deal…

The Iran Mercantile Exchange (IME) witnessed the first trade of gold, aluminum, and coke on Wednesday since the beginning of the new Iranian year, which started March 21. According to IME report,…

Global interest in Iran's mining sector has grown especially after Iran and the major powers reached a nuclear understanding earlier this month in the Swiss city of Lausanne, Bloomberg quoted…

A ferrochrome factory will be established in the Persian Gulf Special Economic Zone in the port city of Bandar Abbas in a joint venture with the Chinese, IRNA cited the governor of Hormozgan…

New inflows of money headed into the equity market accompanied by a breathtaking leap in trade value at the Tehran Stock Exchange (TSE), after the recent bullish trend amid prospects of a more…

The startup environment in Iran is improving, thanks to the active players in the industry working towards developing a culture that aims at encouraging the investors and owners of capital to…