Economy

Iran Khodro has launched the presale of the automatic Peugeot 207i sedan. 

The presale started via IKCO’s website at 11 a.m. local time on Sunday. 

The company has…

Renault has released its latest monthly sales report, which indicates that the French automotive giant sold 15,846 cars in Iran in February and accounted for 83% of motor vehicles sold by the…

Daimler Chief Executive officer Dieter Zetsche on Tuesday welcomed Geely Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC…

This year’s Geneva Motor Show is arguably the most tech-heavy to date, with the eye-watering performance figures traditionally touted by internal combustion engine supercars replaced by stats…

The US Supreme Court on Monday declined to take up Iranian government-owned Bank Melli’s appeal of a lower court ruling that allowed victims of militant attacks allegedly backed by Iran to seek…

Iran’s non-oil foreign trade during the first 11 months of the current fiscal year (March 21, 2017-Feb. 19) stood at $89.34 billion, indicating a 16.17% rise compared with last year’s…

About 302,000 tons of non-oil products worth $840 million have been exported from Markazi Province since the beginning of the current Iranian year (started March 21, 2017), indicating a 27% and…

The 24th Executive Committee and the 16th General Assembly of the Economic Cooperation Organization’s Chamber of Commerce and Industry (ECO-CCI) was held in Tehran from March 3 to 5.

Trade between Iran and Hungary stood at more than €49.32 million in 2017, showing a 33.75% decline compared with 2016. Iran’s commercial exchanges with Hungary registered the biggest year-on-…

Iran’s Economy Minister Masoud Karbasian met with his Russian counterpart Maxim Oreshkin in Moscow on Monday.

The two sides emphasized the need to expand economic cooperation, Mehr News…

With the government’s rescue package reining in the foreign exchange market, the private sector once again voiced its objection over the administration’s adamance on keeping the national…

The Central Bank of Iran’s main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of…

Tejarat Bank is gearing up for block sales of three large-cap steel and petrochemical subsidiary companies listed at Tehran Stock Exchange on Feb. 10, TSE’s website reported on Tuesday. The…

The Iranian capital market hosted a new type of Islamic debt security on Tuesday, as the government issued 30 trillion rials (about $670 million) worth of Manfa’ah sukuk at the over-the-counter…

Trade between Iran and Ireland stood close to €134.5 million in 2017, registering a 140.5% upsurge compared with 2016. 

Iran’s trade with Ireland saw the second highest year-on-year…

The Iranian National Tax Administration collected 800 trillion rials ($17.7 billion) in tax during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19).

More than 36.21 trillion rials ($810.38 million) worth of contraband goods were confiscated in Iran during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), registering a…

Tehran Stock Exchange’s main index lost 191.58 points or 0.20% to end Tuesday trade at 96,991.

About 802 million shares valued at $38.41 million changed hands at TSE for the day.

Six Iranian universities are present in Quacquarelli Symonds 2018 subject rankings. 

The University of Tehran is also present in two new fields for the first time.

Spotify is cracking down on users who run modified replicas of the software that remove some of the restrictions of free accounts, as reported by Torrent Freak. The company has been sending out…

Researchers from Google are testing a quantum computer with 72 quantum bits, or qubits, scientists reported at a meeting of the American Physical Society on Monday — a big step up from the…

The research arm of Iran's Parliament has recommended that the lawmakers approve the government's bill to undertake long overdue reforms in the banking system, but only if it is combined with…

The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency. 

Announced last week, the ban blocks imports priced in…

The governor of the Central Bank of Iran said on Monday Iran’s banking relationship with the outside world is incomparable with what it was before the nuclear deal was reached between Iran and…

Trade between Iran and France exceeded €3.69 billion in 2017, registering a 79.64% surge compared with 2016. This makes the country Iran’s second biggest trade partner from among the 28 member…