Economy

Austria's KTM, famous for its high-performance motorcycles, has announced plans to enter the Iranian market in the coming months.  The announcement by the large group, which is part owned by…

The Renault-Nissan Alliance will launch more than 10 vehicles with autonomous drive technology in the next four years.

Volkswagen will unveil a battery-powered SUV at the Detroit auto show on Monday, according to company sources, part of a push into electric vehicles as it seeks to win back US buyers following its…

Iran is one of the oldest producers of footwear. Its leather shoes enjoy a fine reputation not only at home, but also abroad.

However, for almost a decade, the sector has spiraled downward…

Iran’s National Railway Company and German conglomerate Siemens transportation subsidiary, Siemens Mobility, have signed several memoranda of understanding in Tehran on Wednesday to develop Iran’s…

The current Iranian year (to end March 19, 2016) saw a 12% decline in the number of copies of books published in the country compared to that of last year, said the deputy culture minister for…

Tehran’s International Permanent Fairground will host the Eighth International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries on February 16-19.

Market experts have given varied reasons for the rise in Tehran Stock Exchange and the future trajectory of share prices.

Last week, equities extended their rally for the second week to a…

The Central Bank of Iran cannot tackle the problem of uncertified financial institutions single-handedly, Ahmad Hatami Yazd, former CEO of Bank Saderat said. He dismissed claims that the CBI is…

The long-awaited credit card scheme for purchasing domestic products at subsidized interest rates will be launched on Saturday, said the head of Central Bank of Iran IT Department, Nasser Hakimi…

Business Monitor International expects the lifting of international sanctions—which is due to occur early this year-- to result in the diversification of Iran's competitive landscape in…

Senior officials from Iran Urban Economics Scientific Association and the Monetary and Banking Research Institute, affiliated to  the Central Bank of Iran agreed to conduct joint research…

Insurance firms paid a total of 475.6 billion rials ($15.9 million) for covering transport claims in the last fiscal year (ended March 20, 2015), marking a year-on-year growth of 87.17%. According…

Iran’s Sistan-Baluchestan Province and its Chabahar Port contribute to Afghanistan’s development and their potential should be fully tapped, said Afghan Chief Executive Officer Abdullah Abdullah…

An economic mission from Italy’s Friuli Venezia Giulia region is scheduled to visit Iran from January 9 to 13.

Friuli Venezia Giulia is one of the 20 regions of Italy and one of five…

Slovenia’s Economy Minister Zdravko Počivalšek is leaving for an official visit to Iran on Saturday, joined by a 46-strong business delegation, the Central European country’s national press agency…

Latest statistics on Iran-Turkey transactions show between March and December 21, bilateral trade stood at $8.9 billion, which indicate a 28.61% decline compared with the preceding year’s similar…

Forty companies applied to launch domestic airlines over the past 10 months, of which only four had the minimum required capital and were qualified by the Civil Aviation Organization of Iran, says…

Casio has unveiled a new Android Wear-powered smartwatch at Consumer Electronics Show (CES). Dubbed WSD-F10 Smart Outdoor Watch, the timepiece is water resistant up to 50 meters and is tested to…

The results of a recent survey show 53% of all Iranians use at least one type of social media network, with the most popular messaging application being Telegram.

Iranian Students' Polling…

Netflix, the American video website and application, announced over the Iranian weekend, i.e. Thursday-Friday, that it was pushing ahead with plans to offer its video service globally.

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The next fiscal year will be a year of crisis for Iranian banks, Heidar Mostakhdemin Hosseini, a prominent analyst said.

Taking stock of the multiplying non-performing loans of banks he…

The US dollar began a fresh rally on Wednesday in the free market, reaching 37,120 rials, up from the previous day’s close of 36,780 rials. The currency has been gaining against the rial in recent…

The National Development Fund of Iran says it considers lending to manufactures a top priority, said Mohammad Ghasem Hosseini, deputy chairman of NDFI on Monday. He added that considerable volumes…

Development plans for Khuzestan Province has led to the expansion of informal settlements, said the province’s governor general, Abdolhasan Moqtadaei on Wednesday.