Economy

Honda has sold out all 8,600 of its new roadsters slated for production this year and is fully booked through June.

The only problem: Four in five buyers of the $16,000 sports car are over…

Rapidly declining profit margins in new car sales accompanied by the extension of car life render the after-sales business increasingly important.

Western European new-car sales jumped 8.8% to 1.09 million in July, boosted by higher demand in Germany and recovering Italian and Spanish markets, analysts LMC Automotive said.

Market…

Iran’s Customs Administration has announced a 55-percent reduction in car imports during the first four months of the current Iranian year (started March 21). According to the latest statistics of…

Uncertified credit institution Samen has surprisingly recieved the central bank’s permission to issue shares, IRNA reported.

The Reserve Bank of India has agreed to support Indian refiners to clear their outstanding dues to Iran for crude oil purchases worth $6.5 billion, accumulated since February 2013.

In the race to tap Iran's economic opportunities, Germany was the first, but Italy is securing deals to reenforce its foothold in Iran, perhaps looking to displace Germany as Iran's foremost…

The Central Bank of Iran has laid down three proposals to the visiting Italian delegation for expanding bilateral monetary ties.

According to a statement released by the CBI, Akbar Komijani…

Minister of Economy Ali Tayyebnia has forecast a decline in money supply once Iran’s assets frozen overseas are released.

The minister spoke about the release of frozen dollars and its…

Tehran Stock Exchange’s main index wrapped up a third week of downbeat performance, losing 330 points or 0.49% to settle at 66,451.

The development of steel industry all around the world is based on the production of pig iron or sponge iron. For centuries and millenniums, people have produced iron all around the globe. The…

Iran is the saffron production capital of the world, with a harvesting tradition that dates back over 3,000 years. Today, the country continues to produce more than 90% of this highly sought-after…

Everybody seems to be greedily eying potential business deals with Iran after it reached the nuclear deal with six world powers. This is no surprise.

In a recent report, the Persian daily Donya-e Eghtesad investigated how Tehran among other cities can benefit from the removal of sanctions. Not only will the city council be able to forge viable…

Fruit prices have dropped 20% on average this Iranian month compared to last month (June 22-July 22) amid reduced demand and excessive production, said the head of Fruits and Vegetables Sellers’…

More than 226,000 tons of goods worth $53 million were exported from South Khorasan Province in the first four months of the current Iranian year (started March 21), indicating a 46% increase in…

In a meeting between head of Iran’s National Tax Administration Ali Askari and Cyprus’ Minister of Finance Harris Georgiades at Iran’s embassy in Nicosia, the two sides signed a treaty to prevent…

In the run-up to the 14th Iran-Serbia Joint Economic Commission, which is expected by the end of 2015, Serbia’s Foreign Minister Ivica Dačić met with the Minister of Industries, Mining and Trade…

Japan is sending a senior trade and industry official to Iran along with executives from the oil, gas and other industries after a landmark agreement reached on the country’s nuclear program.

Researchers at a knowledge-based company have developed a nanomaterial capable of absorbing toxic gases. Alireza Monjazipour, the project director, told Mehr News Agency, the nano-sorbent can…

Microsoft has just released a bunch of apps for wearable devices—not for their Band, but for Android Wear smartwatches and the Apple Watch.

First for the Apple Watch is Outlook, which…

Iranian Minister of Science Mohammad Farhadi said Iranian science and technology parks exported products worth $24 million.

“Thirty-six science and technology parks, which housed 600…

Royan, a renowned Iranian institute working in the field of biomedicine, has cloned a type of wild ram that is in danger of extinction, the institute’s chief said.

Smartphone users spend almost two hours (114 minutes) every day using the Internet on their mobile phone, almost twice as much time as the average adult spends going online via a PC or laptop (69…

Iran’s Civil Aviation Organization has officially dismissed allegations that the country intends to buy Russian aircraft after the sanctions are lifted. Last week, the Russian news agency Sputnik…