Economy

Bogdan-Autotrade, distributor of cars manufactured by JAC and Iran’s SAIPA in Ukraine, will bring another low-cost Chinese car brand to the market–Zotye.

According to the press secretary of…

Kia’s best-selling car in the international market is the box-like Soul hatchback. It has sold 177,457 units of the Soul overseas from January to October, which places it on top of other models…

The vice president of the Central Insurance company of Iran has detailed the performance of the insurance industry in addressing natural disasters.

Foreign exchange rates will remain the same in next year’s budget bill (2016-17) with the USD at 28,500 rials, said the government spokesman Mohammad Baqer Nowbakht, reported IRNA. He pointed to…

Imbalances in the demand and supply of foreign currency were and still are a big hurdle to unifying exchange rates, a financial expert says.

“The government needs sufficient forex reserves…

Iran and Turkey agreed to use national currencies for two-way trade, said Iranian Trade Promotion Organization’s Trade Services director on Wednesday. Farhad Nouri said the agreement aims to…

Iran is planning to rejoin the global financial markets and establish correspondent banks in Europe, promoting mutual gains for both sides, said governor of the central Bank of Iran on Thursday.…

The governor of Iran’s northern Gilan Province, Mohammad Ali Najafi, met with Azerbaijan’s Minister of Economic Development Shahin Mustafayev in Baku on Wednesday.

Iran and India signed a memorandum of understanding to expand bilateral economic ties. The MoU was signed in a meeting between India’s Commerce Secretary Rita Teaotia and Iran’s deputy minister of…

Exports from Khorasan Razavi Province stood at around 87,835 tons worth $79.768 million in the seven-month period ending October 22, according to the province’s Industries, Mining and Trade…

Why do economic policies have adverse effects?  This question has engaged the minds of almost all concerned people over many years.

A constructive answer should convince free market…

Revival of joint chambers of commerce is vital to introduce potential areas of cooperation to Iranian and Pakistani traders, says Pakistan’s Ambassador to Iran Noor Muhammad Jadmani.

A Georgian delegation unveiled plans to invest $15 million in four mineral exploration projects in the northwestern Iranian province of East Azarbaijan next year.

About 100 of Russia’s newest aircraft could be in service in Iran, according to Russian Deputy Prime Minister Dmitry Rogozin.

In response to the current slump in economic activity, the government has embarked on subsidizing consumption of durable goods and cars, along with easing monetary policy, by cutting bank reserve…

It was Swiss watchmaking legend Jean-Claude Biver who said in 2014 that the Apple Watch (and smartwatches more broadly) “wouldn’t create another crisis for the Swiss watch industry”.

Telegram said it had shut down 78 channels in 12 languages that had links to Islamic State terrorist group this week and improved ways for users to report illegal or objectionable activity on the…

Iran’s information technology services market suffered a major setback due to the imposition of economic sanctions on the country a few years back.

Basic IT services such as instant…

An Iranian scientist Mehdi Balali-Mood has won the Organization for the Prohibition of Chemical Weapons (OPCW) Hague Award. Balali-Mood has dedicated himself to treating victims of chemical…

Iran's economy has the potential to grow by around 8% a year over time, once sanctions are lifted and the country repairs its relations with the international community, central bank governor…

A report by the Institution for Management and Planning Studies (IMPS) says the tight money market and slack demand are major challenges the economy is facing in the current calendar year (ends…

Customers have deposited 4.2 trillion rials ($ 140.5 million) in Bank Maskan’s special Housing Savings Account created for first-time home buyers, Mohammad Hasan Moradi, director of the bank’s…

Imposed interest rates oblivious to the economic realities gives uncertified credit institutions an undue advantage over their law-abiding counterparts, said Mohsen Jalalpour, head of Iran Chamber…

Housing prices are not expected to rise in the second half of the current Iranian year (started March 21) said Hesam Oqbaei, head of Tehran Association of Realtors, IRNA reported.

Although the prospect of sanctions removal in early 2016 has recently created interest in Iran’s investment opportunities, close economic and political ties between Iran and Oman have embarked on…