Economy

Commercial and industrial Russian automaker GAZ Group is taking part in the Iran-Russia Trade and Industrial Expo underway in the Iranian capital.

An environmentally-friendly city bus was unveiled in Iran this week.

The bus named Parsian has been manufactured by Iran's Oghab Afshan Industrial and Manufacturing Company, which is the…

Despite pledging to integrate Nissan Motor Co. and Renault SA further, joint boss Carlos Ghosn says there is one key area in which he wants to decouple the two: the CEO suite.

UK car production rose 9% in November, helped by a strong increase in exports, the Society of Motor Manufacturers and Traders said on Monday.

This compares with a nearly 1% fall in October…

At present, 18 official representations of foreign car brands are active in Iran, said the head of Iran’s Automobile Importers Association.

Foreign exchange rates might drop in the short-run due to the psychological situation after the lifting of sanctions according to Mohammad Mehdi Raiszade, a banking advisor to the Iran Chamber of…

A government-affiliated think tank has urged the government to allocate more resources to revitalize the beleaguered housing market.  

The Office for Housing Economy and Planning has…

Majlis will debate a plan to divide the supervisory and executive duties of the insurance industry’s regulator in the next five-year development plan, according to a lawmaker.

“The sixth…

Iran's banking relations with the outside world will be normal soon after the lifting of sanctions, Valiollah Seif, governor of the Central Bank of Iran said Sunday.

The Informatics Services Corporation on Sunday launched three new services for mobile-banking users. According to ISC’s website, payments through QR-code (Quick Response Code) and NFC (Near Field…

The exhibition titled “Russia-Iran Trade and Industrial Dialogue” opened at Tehran’s International Fairground today. The event, organized by the Ministry of Industries and Trade of Russia, will…

Ports and Maritime Organization has signed deals worth 37,000 billion rials ($1.23 billion at official exchange rate) with the private sector in the current Iranian year (started March 21).

The government should allocate the bulk of its revenues in the next fiscal year (starting March 20, 2016) to improve the business environment and investment climate, says the head of Iran Chamber…

More than 20 million tons of cement are currently stored in warehouses due to sluggish demand, a member of Tehran Chamber of Commerce, Industries, Mining and Agriculture said.

Mohammad…

Iran Mercantile Exchange is ready to host iron ore supplied by local producers on the mining and industrial board, says IME’s managing director.

According to Hamed Soltaninejad, the…

The mining and industrial trading board at Iran Mercantile Exchange offered 1,500 tons of copper cathode at the base price of $4.7 per ton and 1,000 tons of copper wires at the base price of $5…

Tehran Stock Exchange’s main index plunged 232.50 points or 0.38% on Sunday to end at 61,501.5.

More than 570 million shares valued at over $43.7 million changed hands to record close to a…

Domestic servers are currently hosting about 100,000 websites and their numbers will rapidly increase in the near future, as capacity increases, a deputy head of Information Technology…

Iranian researchers from a knowledge-based company have developed the latest generation of lithium-ion batteries for telecommunications applications.

The "Internet of Things" sector is likely to grow from $4.11 billion in 2015 to $13.49 billion by 2020, at a compound annual growth rate of 26.9%, an Irish technology research company estimates.…

Luxury watchmaker Breitling, famed for its aviation-themed timepieces, has made its first foray into the smartwatch market with the $8,900 (324 million rial) Exospace B55, a “connected” device…

Rial-dominated bonds are the basis for transactions in the soon-to-be launched foreign exchange derivatives market, the head of Securities and Exchange Organization, Muhammad Fetanat. He said in…

The minister of agricultural Jihad has criticized banks for not providing loans to farmers. Mahmoud Hojjati said banks were supposed to allocate 25% of their lending to agriculture, but they met…

President Hassan Rouhani sent the bill for Iran’s membership in Asian Infrastructure Investment Bank to the Majlis.

Parliament will review the government’s proposal for purchasing 15,808…

Iranian lenders have to upgrade their standards in order to be able to operate overseas in the post-sanctions era, said Ali Divandari, head of Monetary and Banking Research Institute. The research…