Economy

According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the first quarter of the current Iranian year (started March 21) showed an 11.5% decrease…

The Islamic Republic of Iran Railways signed a contract with French designing company AREP on Wednesday for redesign, redevelopment and expansion of railroad stations in three major cities: Tehran…

Asian countries have emerged as Iran’s main trade partners amid western sanctions imposed against the country over its nuclear energy program. China currently tops the list of Iran’s business…

The cost of renovating Mehrabad International Airport is estimated at 5 trillion rials ($150 million at market exchange rate), including 1 trillion rials  ($30 million) for resurfacing the…

Shirvan now has 3G coverage, said the CEO of North Khorasan's Telecommunications Company. Mohammad Salari added that with 3G coverage, call quality is expected to improve in the region, IRNA…

The secretariat of Islamic-Iranian Banquets has released a formal statement accusing the Mobile Telecommunications Company of Iran (Hamrahe-Aval or MCI) of intellectual infringement. MCI announced…

MasterCard will start experimenting with a new program by approving online purchases with a facial scan.

At checkout, customers will be asked to hold up their phone and take a photo.…

BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse…

Starting next Saturday, the 10,000-rial investment units of Sepehr Khobregan Naft, a new exchange-traded fund, will be sold at Iran Fara Bourse or the over-the-counter market. This is the first…

The economic deputy of the Ministry of Economic Affairs and Finance called on Wednesday for balancing the one-year deposit rate (20%) with the interest rate (14%) of home loans provided by Bank…

Governor of the Central Bank of Iran Valiollah Seif has given a mandate to provincial governors, asking them to help CBI fight stagflation and provide small business debtors with bailout loans.…

 Trading of Parsian Bank’s shares was halted at the stock market on Wednesday due to the revision of earnings per share forecasts. According to Bourse Press, the lender’s symbol, Vpars,…

Despite promises of replacing the Mehr housing project, the government has been somewhat slow in offering a viable alternative.

Over the past few years, several plans were drawn up to…

Iran's steel sector is expected to grow over the next few years, as the government targets self-sufficiency in its metals sector. The country is the largest steel producer in the Middle East and…

Close to 85-90 percent of sheepskin produced in Iran are exported in semi-processed forms (rawhide and wet-blue), said a board member at Iran Tanners Association, Hassan Nassirian. “Semi-processed…

Close to 100,000 tons of iron ore were offered by Sangan Iron Ore Mines at the base price of $17 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday.

Tehran Stock Exchange’s benchmark settled in red at Wednesday’s close amid overreactions to lingering nuclear negations between Iran and world powers. TEDPIX ticked down 60.77 points or 0.09…

BMW and Toyota are moving ahead on a project to jointly develop a midsize sports car with an agreement on common underpinnings for the model. The program to create the vehicle is "progressing…

Statistics show nearly 60% of auto parts in the Iranian market have been smuggled into the country, an official with Iran's Chamber of Commerce, Industries, Mines and Agriculture, said.

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Uber Co., the world's largest application-based taxi hailing service, and two of its bosses will go on trial in September over the company’s allegedly "illegal" ride-booking practices, prosecutors…

French new-car sales jumped 15% in June as two extra working days helped lift registrations.

2 Cheap Cars, which has built a New Zealand wide chain of car yards selling used imports since starting four years ago, says it plans to enter the market for new cars by parallel importing Toyota…

Only 30% to 40% of tools and fittings in the Iranian market are produced domestically, Mohammad Taheri, an industrial designing instructor, told IRNA. According to the expert, the high cost of…

Cement producers have called on the Ministry of Industries, Mining and Trade to increase cement prices by 17%, arguing that the move would not lead to a surge in construction costs.

Optimism about reaching a final nuclear agreement has helped markets rally and benchmarks to cross challenging resistance lines.