Economy

When Clemente Cappello traveled across Iran in May 2012, the US and European Union had just expanded sanctions against the country over its nuclear energy program.

Just over three years…

In late May, the Iranian mining industry gathered for a conference in Tehran. Almost 300 local companies came to the Iran Mines & Mining Industries Summit, which gives an indication of the…

Iran Khodro, the country's largest manufacturer of vehicles, has announced it will begin sales of the pickup variant of the best-selling Renault Logan model. The announcement of the new model's…

One of the most important outcomes of talks between German automakers and their Iranian counterparts has been that German auto giants have shown interest in investing in Iran, said a member of the…

Nokia is nearing an agreement to sell its maps business to BMW Group, Audi and Mercedes-Benz, according to people familiar with the matter.

An agreement could be reached as early as next…

The removal of sanctions imposed on Iran by the United States, the European Union and the United Nations would ease imports related to the agriculture sector such as high-quality seeds and…

TecnoFerrari, one of the oldest foreign companies active in Iran’s tile industry, is among the participants in the 23rd International Tile, Ceramic and Sanitary Ware Exhibition (Cerafair 2015),…

Hand-woven carpet exports to the US will increase considerably after the lifting of sanctions, said the Head of Iran National Carpet Center. “Hand-woven carpet manufacturers must observe the…

In the post-sanctions era Iran will pick and choose its trade partners rather than being chosen by others (under the sanctions regime), First Vice President Es’haq Jahangiri said Tuesday.

“…

The German economic and trade delegation headed by the country’s Vice Chancellor and Minister of Economy and Energy Sigmar Gabriel traveled to Isfahan and met with the governor of the central…

The import tariffs on South Korean home appliances have increased from 40% to 80%, said deputy minister of industries, mining and trade Valliolah Afkhami Rad.

Iran will soon be open for business. That means more oil going out, but also everything from airplanes to cars going in, with Asian manufacturers set to be among the biggest winners.

The cooperative sector’s share in the national economy is expected to reach at least 15% in the sixth five-year economic development plan (2016-2021), said the general director of the Promotion,…

The scramble of foreign banks to gain a spot in the post-sanctions Iranian market is picking up steam. Just after it was reported that Indian public-sector banks are whetting their appetite to…

Recession has hit hard the real-estate market for two years now, pushing the government to end a seven-year ban on offering mortgages by commercial banks in May, allowing them to resume their…

Iran and Germany are planning to hold a joint banking meeting for the first time in September, said Governor of the Central Bank of Iran Valiollah Seif on Tuesday. The summit, which is set to be…

The equity market is still grappling with downtrends even after the endorsement of Iran nuclear agreement by the UN Security Council.

Stocks at Tehran Stock Exchange squeezed TEDPIX on…

Several foreign investors have expressed interest in making investments in mineral industries of Iran. It is, however, necessary to identify the comparative advantage of the industry, so that such…

From an economic perspective, the immediate consequence of the nuclear deal reached between Iran and P5+1 is that foreign investors will saddle their horses to ride off to Tehran, aiming to secure…

Cellphone imports have decreased lately due to the unreasonable import tariffs, said the head of Iran's SIM Card and Cellphone Dealers Association.

Any cancer can be tackled better if detected early. When skin cancer is detected early, the chances of survival rise to 98%.

Now, a new device has been created that can attach to your…

The so-called Islamic State terrorist group is banning private Internet access in its Syrian bastion Raqqa, forcing residents and even its own fighters to use Internet cafes where they can be…

Wondering if we are alone in the universe has engaged minds through the ages. Add to the list Russian billionaire Yuri Milner, who announced on Monday that he plans to spend $100 million to…

Governor of the Central Bank of Iran Valiollah Seif announced that it would take the regulator eight to ten months to unify the foreign exchange rates since the central bank’s connection with…

Indian public sector banks are buckling up to ride the expected boom in trade with Iran, once western nations lift sanctions on India’s ally and long-time trading partner in West Asia, a report…