Chinese personal computer maker Lenovo Group Ltd posted a first-quarter loss on Friday. The company cited higher costs and slower growth in the personal computer market, and said the outlook was…
Economy
Economy
The second Startup Weekend titled ‘Entrepreneurship in Fashion and Technology’ was held this week focusing on developing new talent in the fashion and retail industry in Tehran.
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Economy
Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the banking system after almost 45 years have now been sent to the…
Economy
In order to curb the construction of substandard buildings, the dire need of passing a relevant bill by the parliament to ensure quality assurance is inevitable, a deputy at the Ministry of…
Economy
Iran is set to attract more foreign direct investment to buttress its economy, First Vice President Es'haq Jahangiri announced.
Jahangiri was speaking during his address to the…
Economy
Economy minister-designate, Masoud Karbasian, elaborated his plans for the key ministry in parliament on Wednesday, emphasizing that the ministry will join hands with the Central Bank of Iran to…
Economy
Tehran Stock Exchange’s main index added 45.60 points or 0.06% to end Wednesday trade at 81,741.9.
About 886 million shares valued at $71.31 million changed hands for the day.
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Economy
Iran says joining World Trade Organization is no more a priority for the country – a change of dominant tone since the signing of the nuclear deal between Tehran and world powers in July 2015 –…
Economy
The average price to earnings ratio of Tehran Stock Exchange-listed companies stands at 5.6. This is while 18 companies at TSE have a P/E ratio of higher than 100 and 14 others are in the…
Economy
Chinese steel was everywhere in the world for the good part of the past few years. Disheartened Iranian producers were unable to compete with low prices and downstream users sidestepped local…
Economy
Hit hard by the H5N8 bird flu virus last year, the Iranian government says in case the deadly strain strikes again in fall and winter, imports will be allowed with a 5% duty.
Economy
The Islamic Republic of Iran Customs Administration has issued a directive to ban wheat import.
The directive, which concerns all types of wheat, follows a request submitted earlier by…
Economy
The purchase of black grapes, grown in 9,100 hectares of Kurdestan Province, has been guaranteed by the Organization of Rural Cooperatives of Kurdestan in the current Iranian year (March 2017-18…
Economy
Chinese SUV brand Haval, which was supposed to enter the Iranian auto market in 2016, has finally been delivered.
Haval is a Chinese automotive brand owned by Great Wall Motors. The sub-…
Economy
Iran Khodro dealers confirm that the new Peugeot 301 sedan is priced at 949 million rials ($24,973), and will be delivered to buyers in ten days.
The 301 model is assembled by IKCO under…
Economy
Opel is piloting a new retail format that offers German customers the opportunity to purchase a new car while shopping in a mall, mimicking a concept first developed by the UK’s Rockar…
Economy
Iran Khodro has unveiled the DongFeng S30 as part of a push to broaden its space in the taxi fleet.
The model, showcased during the Tehran Auto Show, will be offered only as taxis with…
Economy
China’s JAC S3 small sports utility vehicle is on sale in Iran for 71.9 million rials ($18,800), according to a report in local media. The company is offering special discount on the vehicle for…
Economy
Seeking to build environment friendly cities with strong buildings and smart public systems, a board member of the New Towns Development Company, affiliated to the Ministry of Roads and Urban…
Economy
The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the…
Economy
Following last week’s appointment of Seyyed Ahmad Araqchi as the head of Foreign Exchange Department at the Central Bank of Iran, the new deputy is expected to oversee the long overdue task of…
Economy
Bank Melli Iran has organized a two-day course for training educators in the field of anti-money laundering and combating terrorist financing, the bank’s official website announced. The course,…
Economy
More than 1,600 tons of cigarette paper worth close to $4.9 million were imported into Iran during the first four months of the current Iranian year (started March 21), the Islamic Republic of…
Economy
Iranian chain stores have a 120-trillion-rial ($3.2 billion) share of the country’s 1.3-quadrillion-rial ($34.6 billion) retail market, the head of National Union of Chain Stores, Amir Khosro…
Economy
About 14,100 public complaints against goods and service providing centers were filed through the 124 hotline administered by the Industries, Mining and Trade Ministry in the fourth month of the…
Economy
