Most equity market heavyweights gain from rial’s recent weakening, if the trend persists.
Next year is an exciting one for Iran’s foreign exchange market. Sanctions will be removed and…
Economy
Economy
Ahead of an expected lifting of sanctions, several US corporate giants, including personal-computer seller HP and General Electric’s oil-services unit, are actively exploring a market…
Economy
Fiat Chrysler Automobiles NV said on Thursday it will recall 570,000 SUVs for fire risks in two campaigns linked to problems with vanity mirror wiring and a low-pressure hose.
Economy
The US National Highway Traffic Safety Administration said on Wednesday that an eighth US death is linked to a faulty Takata airbag inflator, marking the first reported death since April and the…
Economy
Toyota Motor Corp sold more cars than Volkswagen AG for the fifth consecutive month in November, putting the Japanese firm on track to remain the world’s top-selling automaker in 2015, as sales at…
Economy
The German auto manufacturer Audi will be unveiling a range of products for sale in Iran via an official local sales representative.
Ramak Khodro, the official retailer of the South Korean…
Economy
Over 80 competitors from 10 Iranian provinces raced last week in an off-road racing competition. According to Tasnim News Agency, the competition was held at a newly-established 1,800-meter race-…
Economy
A total of 626,101 passenger vehicles have been produced in the current Iranian fiscal year (started March 21, 2015), said the spokesman of Iran’s Automotive Policymaking Council. Compared to the…
Economy
Value Added Tax rate of 9% will remain unchanged for the budget bill of 2016-17 fiscal year, announced the deputy head of Iranian National Tax Administration this week.
Economy
An interim agreement on preferential tariffs was signed by Iranian Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Minister in charge of Trade of the Eurasian Economic…
Economy
The government has reportedly set the rate of the US dollar exchange rate in the 2016-17 draft budget law at 29,997 rials which is slightly higher than this year’s 29,850 rials. To the surprise of…
Economy
The total number of properties insured against natural disasters has increased by 10% in the outgoing fiscal year (ends March 19).
Mohammad Farid Latifi, Disasters Management Organization’s…
Economy
The Ministry of Roads and Urban Development has expressed dissatisfaction over the interest rates set for the recently-launched mortgage scheme, saying they are unrealistically high.
Economy
Bank Maskan has so far opened more than 25,000 accounts for its new Housing Savings Account. According to the Ministry of Roads and Urban Development news website, a total of 4.9 trillion rials…
Economy
Some $17 million worth of furniture were exported from Iran during the nine-month period ending December 21, said head of Iran Furniture Manufacturers and Exporters Union, Hassan Ahmadian, on the…
Economy
Presidents of the Developing-8 Federation of Chambers of Commerce and Industry (D-8 FCCI) met in Ankara on December 24 for the second time after their first meeting in Kuala Lumpur this year, the…
Economy
The iron ore and steel sector is undergoing a major transformation.
China, the world’s largest steel producer, is grappling with a lingering slump in domestic demand. Its strategy is to…
Economy
The University of Tehran’s Faculty of Economics hosted a forum dubbed “Economic Aspects of Military Service” on Tuesday.
Economy
Iran and Russia have discussed ways of expanding scientific and technological cooperation, particularly in the fields of space and aviation industries.
Economy
Turkey’s Higher Education Board (YOK) has agreed with Iran’s Ministry of Science, Research and Technology to set up a monitoring group to flesh out cooperation between the countries’ higher…
Economy
Iranian researchers at Amirkabir University of Technology have designed an exoskeleton, which is a kind of wearable robot. Faezeh Eskandari, a postgraduate of biomechanics- biomedical engineering…
Economy
This year’s “Capture the Flag” contest hosted by Sharif University of Technology will be held during February 5-10, 2016, in Tehran.
CTF is a special kind of information security…
Economy
Just over a week after Samsung paid Apple more than $548 million for infringing the patents and designs of the iPhone, Apple has asked a US court to force its biggest smartphone rival to cough up…
Economy
The central banks of Iran and Russia will open a joint account and launch correspondent banking soon after the sanctions are lifted, Valiollah Seif, governor of the Central Bank of Iran said on…
Economy
Economy Minister Ali Tayyebnia ruled out future cuts in interest rates in the foreseeable future due to the current state of the country’s financial markets.
Economy
