Economy

The share of cultural projects in the new budget (March 2017-18) has increased from 2.42% to 2.48%, said the government spokesman, Mohammad Baqer Nobakht.

Adding that non-governmental…

Urban management in Iran is a failure and trying to gloss over the reality of what’s happening is futile, the minister of roads and urban development said.

About 320,000 liters of blood plasma are produced in Iran whereas the country needs 700,000 to 1 million liters a year, according to the chairman of Health Economy Commission of Tehran Chamber of…

India’s Tata Motors showcased a preproduction versions of the Italian-design Racemo two-seat sports car from its new upscale subbrand, TAMO.

The company said sales would begin in India…

The Minister of Industries, Mining, and Trade, Mohammad Reza Nematzadeh, inaugurated an auto parts manufacturing line in Tabriz, East Azarbaijan Province on Tuesday.

Auto parts needed for…

Iran Khodro Diesel (IKD), the manufacturer of IKCO’s commercial vehicles introduced a new minitruck, Persika on Tuesday.

French automaker Renault exported 13,449 cars to Iran in January marking a significant rise in the firm's vehicles in the burgeoning local automotive market.

The new figures indicate a…

Hyundai Motors unveiled an all-new Sonata sedan model in the country’s capital on March 7 according to a local automotive blog website.

The Sonata 2018 builds on the body of the previous…

According to a directive issued by the Cabinet, Economy Minister Ali Tayyebnia has been authorized, on behalf of the government, to guarantee the repayment of the principal amount plus the…

The research arm of the Iranian Parliament has called on two organizations in charge of publishing economic data to work more closely and form a joint committee to curb actions that could erode…

Following news that Iran's assets in Luxembourg have been frozen by a court, a senior Iranian official said on Tuesday lawyers with the Central Bank of Iran are currently consulting Luxembourg…

An Iranian-European bank will be established with three Iranian and four European members serving on the management board, said a senior banking director.

One of the main issues on the agenda of Azerbaijani President Ilham Aliyev’s visit to Iran, which ended on March 5, was the project of the International North-South Transport Corridor, which is…

Water crisis, environmental woes, crumbling pension funds, banking troubles, budget deficit and unemployment are six major challenges of Iran’s economy, the senior economic advisor to President…

With 5 trillion rials (over $133 million) worth of investment, Iran’s apparel industry has the potential of creating 370,000 jobs, a deputy minister of cooperatives, labor and social welfare said…

Mammut Industrial Group has replaced 350 aging cargo trucks with new ones over the past month, as part of an agreement to renovate a total of 5,000 trucks.

“This indicates that Mammut has…

Based on figures released by Iran’s Road Maintenance and Transportation Organization, Shahid Rajaei Port in the city of Bandar Abbas in the southern province of Hormozgan accounted for 39% (more…

At present, strategic reserves of staple foods in Iran are sufficient to meet domestic demand, a deputy agriculture minister said.

One of Iran’s largest pellet-making projects is currently in the final phase of construction in the northwestern Khorasan Razavi Province and will start production in the early days of the next…

Tehran Stock Exchange’s main index inched up 10.70 points or 0.01% to end Tuesday trade at 76,800.4.

More than 1.5 billion shares valued at $91 million changed hands for the day.

…

The PC market has seen a few years of declining sales, leading some pundits to predict that Apple’s “post-PC” world was underway. The iPad’s initially strong sales seemed to confirm the idea that…

President Donald Trump’s revised immigration travel ban still is not resonating in Silicon Valley’s CEOs who rely on tech workers from Iran and other countries to keep their business afloat.

Iran’s Communication Regulatory Authority (CRA) has released results of a survey on users' opinion of Iranian Internet Service Providers (ISPs).

According to the report published by the…

The upcoming edition of Iran’s International Exhibition of Electronics, Computer and E-Commerce (ELECOMP) will be held July 21-24 at Tehran’s International Fairgrounds. The previous rounds of the…

A 5% economic growth is predicted for the next Iranian year (starting March 21) and since oil and agriculture sectors have already developed, in order to reach the aforementioned growth, housing…