Economy

The Central Bank of Iran has released the government's income from taxes in the automotive sector for the nine-month period ending December 20, 2016.   

The data has been released…

Iran’s largest automaker Iran Khodro Group (IKCO) plans to open new plants in neighboring Azerbaijan following years of absence from neighboring CIS markets.

Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor…

Some $500 million worth of carpets were exported from Iran during the 10 months to January 19, according to the deputy minister of industries, mining and trade.

"Hand-woven carpets account…

The Cabinet has made decisions concerning reinsurance and debts owed to the Oil Stabilization Fund among other things in their latest meeting on Wednesday.

During a meeting presided by…

With the expansion of transactions in the international banking system and establishment of correspondent relations, Bank Melli Iran has registered a significant rise in a variety of banking…

After an eight-month delay, the annual meeting of the Central Bank of Iran will be held in a week.

The 56th annual meeting will convene on March 1 at the CBI headquarters with President…

A lawmaker has criticized automakers for offering high interests on their pre-sale contracts, saying that the gaping difference between auto contracts’ interests and banks’ deposit rates has…

After negotiations between the officials of Iranian and Malaysian central banks, the two countries agreed to integrate their bank card systems and discussed conducting business in local currencies…

Iran exported 10 million tons of cargo by rail during the 11 months to February 18, 2017, registering a 55% upsurge compared with last year’s corresponding period, the director of Transit…

Close to $7 billion worth of foreign apparel and shoes are bought in Iran every year, about $3 billion to $4 billion (almost 50%) of which are contraband, the chairman of the Association of Iran…

The average goods and services Consumer Price Index for urban areas in the 12 months ending February 18, which marks the end of the Iranian month of Bahman, reached 8.7% compared with last year’s…

Azerbaijan’s Minister of Economy Shahin Mustafayev entered Ardebil Province in northwest Iran on Wednesday to take part in a business forum.

Heading a 50-member economic delegation, the…

The budget for the upcoming Iranian year (starting March 20, 2017) stipulates that the government will earn 1.13 quadrillion rials ($29.89 billion) from taxation–21% more than what is expected…

New Zealand’s Primary Industries Minister departed for Iran on Friday on a trip to build closer trading relationships.

Iran’s exclusive exhibition, where more than 60 Iranian companies are showcasing their products, opened on Friday in Karachi, the largest and most populous city in Pakistan. Companies active in a…

Over 1.7 billion tons of mineral reserves have been discovered so far this year, the head of mineral explorations at the Ministry of Industries, Mining and Trade said.

The current Iranian…

The government plans to issue 85 trillion rials ($2.23 billion) of Islamic Treasury Bonds in the near future to fund incomplete projects across the country, the chairman of Iran Planning and…

Tehran Stock Exchange’s main index gained 658 points or 0.9% for the week that ended February 22 to close at 77,847.2.

Iranian weekdays start Saturday and end on Friday. Tehran’s stock…

Russia’s co-chair of the Russian-Iranian intergovernmental commission on trade and economic cooperation announced on Wednesday that Iran has expressed interest in purchasing 12 Russian Sukhoi…

The former capital city of Isfahan will host the 35th International Association of Science Parks (IASP) World Conference in 2018.

Astronomers have found at least seven Earth-sized planets orbiting the same star 40 light-years away, according to a study published Wednesday in the journal Nature. The findings were also…

Microsoft CEO Satya Nadella held a press conference in Mumbai on February 23, where he announced a new version of Skype for emerging markets. 

Called Skype Lite, initially launched in…

Tech giant Samsung Electronics Co Ltd said on Friday it will not be able to nominate a new outside director for a vote in the annual shareholder meeting set for March 24 due to uncertainty…

The parliament has approved a measure on Tuesday to increase the ceiling for using foreign investments in projects, setting the borrowing limit at $50 billion in addition to what is left from…