About 118,000 tons of pistachio worth more than $1.2 billion were exported to over 70 countries, indicating a 34% and 24% decline in volume and value respectively compared with the previous year’s…
Economy
Economy
Some 1.5 tons of farmed caviar are estimated to be produced in the current Iranian year (started March 20), which would indicate a 50% rise year-on-year, said the director of Iran›s Union of…
Economy
Almost six years ago, the European Union sharply curtailed access to its airspace for Iran’s air fleet.
However, officials in Brussels say they are now prepared to loosen some of those…
Economy
Automaker Zhejiang Geely Holding Group Company will launch a new brand next year, codenamed "L", with cars based on joint architecture developed with Volvo, three people with knowledge of the…
Economy
Iran's President Hassan Rouhani recently stated that the government will not support the local car industry indefinitely.
Speaking at the Third Iran International Automotive Conference in…
Economy
Beijing's BAIC car conglomerate has announced plans to produce around 100,000 vehicles through a new Iranian venture, the company announced on April 14.
BAIC, which has grown its share of…
Economy
Volkswagen's Beetle may be slated for discontinuation, if a Tweet from a trusted source is to be believed. Autoline recently Tweeted: "Goodbye Beetle. VW to axe its iconic car at end of 2018.
Economy
Turkey's logistics company Arkas Holding has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines to establish a Turkey-based joint venture to offer maritime…
Economy
Bank Saderat Iran managed to increase its resources by 30% in the previous fiscal year (ended March19). According to a press release Thursday. In the said period, BSI also lowered the volume of…
Economy
Dana Insurance, a major private insurer, is seeking to enter international markets, reduce bad debts and expand its life insurance portfolio, the company’s deputy director, Bijan Sadeghi said.…
Economy
Governor of the Central Bank of Iran rebuked the US and European governments for not honoring their commitments for speedy implementation of Iran’s nuclear deal calling on them to do their best in…
Economy
The Association of Leasing Companies officially started work in March as the sole body representing the industry, following the merger of the former Iran Center for Leasing Companies and the…
Economy
The Central Insurance company of Iran –the industry’s regulator---has prepared a set of guidelines for insurance firms to rate their agents, the CII deputy chief for supervisory affairs said on…
Economy
In a meeting between the Federal Financial Supervisory Authority of Germany (BaFin) and Muhammad Kazem Choghazardi, CEO of Bank Sepah on Thursday in Tehran, an agreement was reached on Sepah…
Economy
Germany-based fragrance and flavor company Symrise opened “Symrise Parsian”—its own site in Tehran—on Thursday.
The company will also set up sales offices and application-specific…
Economy
Italy on Wednesday became the first European country to take steps to help its fashion industry build a stronger presence in Iran, following the lifting of western sanctions.
Economy
The Central Securities Depository of Iran issued 225 trading codes for foreigners to trade in Iran’s equity market in the last Iranian year (March 2015-16), which indicates an 85% rise compared…
Economy
The easing of international commercial sanctions against Iran is likely to boost both the country’s exports of non-ferrous metals and ores, as well as foreign investment in the sector.
Economy
Tehran Stock Exchange’s main index, TEDPIX, gave up 1,164.4 points or 1.44% during the week that ended April 15 to close at 79,588.3.
More than 6.5 billion shares valued at $480.7 million…
Economy
President Hassan Rouhani has called for concerted efforts to reduce the country’s unemployment rate to a single digit by the end of his tenure (mid-2017), says Deputy Labor Minister Isa Mansouri.…
Economy
The visit of a Dutch delegation to Tehran perhaps received less media coverage because of the high-profile two-day stay of the Italian mission led by Premier Matteo Renzi. Iran’s Deputy…
Economy
Italy will follow up on billions of euros of trade deals signed with Iran this year by sending a special mission to discuss how to fund and process them, Prime Minister Matteo Renzi said on…
Economy
Iran exported 564,000 tons of watermelons valued at $126.6 million in the last Iranian year (ended March 19, 2016).
Economy
Amazon on April 13 announced the latest addition to its Kindle line of e-readers, the 8th-generation Kindle Oasis.
Economy
Coming up in May will be Tehran's first conference on crowdsourcing, bringing together some of the biggest people in the country's tech industry. Crowdsourcing is the practice of…
Economy
