Economy

Iran’s leading carmakers along with Austrian and German auto manufacturers are designing an energy-efficient vehicle.

The hitherto unnamed model is expected to be in the market in the near…

BMW said it was best for business for the UK to be in the EU single market and urged London to ensure the country retained tariff-free access to the bloc.

Car plants in Kazakhstan produced 8,397 cars in 2016 compared to 12,453 cars produced to 2015. In the last month of 2016, output reached 240 cars compared to 452 cars in November 2016 and 1,648…

The US dollar was exchanged for 38,500 rials in Tehran’s market, the Association of Bureaux de Change Operators of Iran announced, down by 800 rials or 2% compared with Monday.

Banks, reinsurers and financial institutions have a much lower appetite for risk with regard to crude oil shipping from Iran than in the pre-sanctions era and this will not change in the near…

The updated version of the Banking Reform Bill, a blueprint for undertaking major reforms in the banking sector, will at last be taken up in the parliament ‘s spring session, announced the head of…

The Central Bank of Iran announced on Tuesday that it has revised regulations regarding the operation of leasing companies, allowing lenders to offer their services at approximately 3% higher…

More than 1.13 million tons of non-oil goods worth $610 million were exported from Markazi Province during the nine months to December 20, registering a 10% and 3% increase in weight and value…

January 16, 2016, is remembered as the day sanctions against Iran officially began to roll back.

The move freed Iran to sell much more oil and gain control of the roughly $100 billion in…

The first Airbus A321 Iran purchased post sanctions performed its first domestic flight from Tehran to Mashhad. With 200 passengers on board, the airliner landed in Mashhad on Tuesday at 10:20 p.m…

Iran Airports Company has signed a multilateral memorandum of understanding with German companies for expansion of Iranian airports.

The agreement was signed with Munich Airports, Frankfurt…

Tehran Stock Exchange’s main index added 196.20 points or 0.25% to end Tuesday trade at 79,280.4.

More than 1.1 billion shares valued at $56.5 million changed hands for the day.

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The 24th International Exhibition of Chandeliers and Decorative Lights, in which many producers of classic and modern chandeliers have participated, opened at Tehran’s International Exhibition…

The number of foreign entities investing in Iran's capital market has increased 42% since the removal of sanctions imposed on Iran over its nuclear program.

Mouteh Gold Mine produced 45 kilograms of gold bars during the nine months to December 20, registering a 35.5% growth compared with last year’s corresponding period, announced the mine’s managing…

Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock, the aerospace group’s chief executive said on January 16. Airbus last year formed a division…

Head of Iran Chamber of Commerce, Industries and Mines has highlighted capabilities in the field of information and communications technology (ICT) and says the private sector is ready for a…

Outgoing calls and text messages for 2 million unidentified SIM card owners have been blocked, said the spokesperson of the Communications Regulatory Authority, Jahangir Asadi.  

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To broaden access to legally-imported smartphones in the domestic market, the Consumers and Producers Protection Organization has issued 23 new import licenses.

The organization, which is…

The Central Bank of Iran has ordered all banks to finalize their annual financial statements in accordance with new standards by the end of the current fiscal year (March 20, 2017), said Abbas…

The National Association of Iranian Leasing Companies has again called on the Central Bank of Iran to revise its current policy regarding the interest rate of leasing contracts. At present,…

The Central Bank of Iran has communicated to all banks and credit institutions the criteria for the implementation of a foreign exchange directive originally issued by First Vice President Es’haq…

A year has passed since Iran's nuclear accord with world powers has been implemented and the governor of Central Bank of Iran believes the deal has paved the way for financial institutions outside…

Tehran Stock Exchange’s main index added 11 points or 0.01% to end Monday trade at 79,084.2.

More than 1.7 billion shares valued at $98.5 million changed hands for the day.

National…

Captain Behnam Shirzad wears a broad smile as he walks into the hall where Iran Air is about to take delivery from Airbus of its first brand new aircraft in 23 years.

“It is fantastic,” he…