Economy

Turkey’s car and light commercial vehicle sales in January grew 8% compared to the same month in 2016, Hurriyet reported citing Automotive Distributors’ Association on February 2.    …

The industrial vehicle manufacturer Zamyad has revealed three trucks for the local market to buyers and government officials. 

Zamyad, a subsidiary of SAIPA Group, unveiled the new…

Kerman Motor, the latest local company that will produce foreign-branded cars, has announced the prices of two of their new vehicles. According to a press release by the company, published by…

Heading a 25-member delegation, Malaysian Minister of Plantation Industries and Commodities Mah Siew Keong is scheduled to arrive in Tehran on Sunday to survey avenues of expanding bilateral ties…

Following a 40% rise in residential real-estate deals during the Iranian month of Dey (started December 21, 2016) compared to the previous month and the relevant stability in prices, the housing…

A few months into the implementation of a plan to move the accounts of the government from agent banks to the Central Bank of Iran, the number of state accounts has drastically decreased.

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Officials from Tehran Chamber of Commerce, Industries, Mines and Agriculture visited the Danish Trade Council in Copenhagen on Friday, where they called on the Danish government to take measures…

Capital Intelligence has confirmed Iran's Bank of Industry and Mines Financial Strength Rating with the sovereign long-term rating of "BB-"–the same as Iran's sovereign rating. 

The…

The Banker’s Top 500 Banking Brands rankings for 2017 have been announced with five Iranian banks making it into the Top 500, mainly as a result of Brand Finance’s ability to include accurate…

A great deal of noise surrounds the fate of the Iran nuclear deal. 

It is going to be very difficult to roll back the agreement, announced a year ago. Therefore, it remains to be seen…

Iran’s square billet producers chose to lower their prices to meet export customers’ price expectations and boost demand. 

In addition, a significant downturn in Turkey’s import scrap…

The Iranian flat steel import market has not shown any sign of a revival in activity over the past week.

The major factor behind the halt in purchasing was the high prices for foreign…

Iran Mercantile Exchange plans to start listing saffron and pistachio for trading by mid-February, chief executive of IME, Hamed Soltani-Nejad, announced. “Iran’s saffron market is mostly based on…

Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.

Iranian weekdays start Saturday and end on Friday. Both of…

Two hundred and fifteen cooperatives and two guild unions were registered during the Iranian month ending January 19.

These newly-founded cooperatives, most of which are active in the…

An aggregate of 15.86 trillion rials (about $396.5 million) have been invested in Aras Free Trade-Industrial Zone over the past three years, the managing director of FTZ SAID. Mohsen Khadem Arab-…

A 20-member Iranian delegation comprising representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture attended a joint business forum with their Danish counterparts in…

American telecoms operator, AT&T is to launch its first so-called "5G Evolution Markets" in the cities of Austin and Indianapolis in the coming months. The new networks will offer a peak-speed…

Sharp Corporation lifted its full-year profit guidance after posting its first quarterly net profit in over two years as the Japanese liquid crystal display (LCD) maker pressed ahead with cost-…

Former local favorite messaging application Viber, has introduced a new feature called "Secret Messages." 

The new update follows other apps like Telegram messenger which has offered…

The government of the Indian state of Karnataka said on February 2 it welcomed a proposal from Apple Inc to begin initial manufacturing operations in the state, in a sign the tech company is…

The US dollar was quoted in the free market at 38,200 rials on Monday. According to the Association of Bureaux de Change Operators of Iran, rial strengthened from 38,250 to 38,000 per dollar…

Tejarat Bank has started offering services to French traders through its Paris branch “to help boost Iran-France commercial ties in the post-sanctions era”, the bank’s chief executive said.

A number of Iranian lawmakers and officials have voiced concern regarding the potential hazards of the steady increase in the country’s money supply (M2) in the past couple of years and called for…

A directive has been issued for the current fiscal year (started March 20, 2016) to extend the penalty waiver for loans fewer than 1 billion rials ($31,400) for the coming fiscal year too,…