Economy

The government has allocated as much as 600 billion rials (more than $20 million at official exchange rate) for the preservation of natural resources in the current Iranian year (started March 21…

As per the decision of the Ministry of Industries, Mines and Trade, all items of clothing available in the market should have barcodes, said a member of the Iran Textile Exporters and…

Renault Pars, Renault's local joint subsidiary company, has announced that it will soon offer a new breakdown service for Renault car owners. The new service is aimed at Renault vehicle owners and…

European vehicle sales are up 7% this year through May, but the market is showing signs of a potential slump.

In May, sales grew 0.8% compared to the same month in 2014, according to…

Pars Khodro and French carmaker Renault are set to produce 15,000 Sandero hatchbacks in Iran by the end of the year (March 19, 2016), CEO of Azin Khodro Reza Rezaei said.  

Renault…

Honda Motor Co. confirmed an eighth fatal victim of a ruptured Takata Corp. airbag inflator after completing the investigation of a September crash in Los Angeles.

Jewel Brangman was…

Renault unveiled the Duster Oroch no-frills pickup truck aimed at the emerging Latam market as the automaker bets on resilient demand in South America and hopes to build on the success of its…

An analyst has made the case that with the lifting of sanctions, foreign exchange rates will be unified and the major foreign currencies—notably the US dollar—would even appreciate against the…

Iranian banks can enhance public confidence if they fight against money laundering and help root out financial corruption, a move that can ensure banks’ safety, said CEO of Bank Keshavarzi (…

Iranian businesses are preparing for a jump in activity following the lifting of sanctions against Iran over its nuclear energy program.

As foreign investors and fund managers scour Iran…

After three weeks of rout at Tehran Stock Exchange, TEDPIX wrapped up the week ending June 17 in green, pulling up 1,238 points or 1.99 percent to settle at 63,559.7.

If you take a walk in Tehran, more than any other shop, you will probably see traditional independent grocery stores. Some of them, located right next to each other, are intensely competing over…

More than 464,402 tons of commodities were traded at Iran Mercantile Exchange’s spot market during the week that ended June 17 valued at more than $233 million.

As the IME reported, the…

Dominic Bokor-Ingram recently visited a growing economy full of well-run companies that the London-based money manager deemed ripe for investment.

The catch: The place was Tehran, a target…

Trade at Iran Fara Bourse rose 20 percent in value for the week ending June 17 compared to the previous trading week with chemicals accounting for the lion’s share of trades.

Exchange-…

Mineral explorations carried out by Iran Minerals Production and Supply Company during the last Iranian year (ended March 20) led to the discovery of more than 150 million tons of iron ore and 200…

The Ministry of Economic Affairs and Finance has backed off from its decision to sell the two major state-owned football clubs, Persepolis and Esteqlal, through auction.

Iran is home to one million carpet weavers, 700,000 of whom are career weavers, according to the caretaker of Iran National Carpet Center, Hamid Kargar. “Our country sees the making of three…

In a meeting with the Armenian Ambassador to Iran Artashes Tumanyan, Minister of Economic Affairs and Finance Ali Tayyebnia called for expanding economic cooperation between the two countries.

Afghanistan’s second vice president Mahmoud Saikal visited developmental projects in Chabahar Free Trade and Industrial Zone in the southern Sistan-Baluchestan Province on Wednesday. He was…

The government plans to implement the “Farming Beyond Borders Project” for cultivating water-intensive crops, according to vice president for executive affairs, Mohammad Shariatmadari.

“As…

Imports from Turkey indicate a general decline during the first five months of 2015, according to Secretary-General of Iran-Turkey Chamber of Commerce Seyyed Jalal Ebrahimi. As ISNA reported, the…

Scientists at the National Research Center of Saline Water Aquatics in Yazd Province have managed to harvest farmed caviar in the heart of desert in Bafq County, IRNA reported. The research center…

Rice imports show a teetering trend oscillating between 1.1 and 2 million tons over the past four years (2011-15), according to Iran Rice Importers Association. Since domestic rice production…

Owners of more than 10 SIM cards have been given an ultimatum to submit their personal details by Sunday.

The legal limit on the number of SIM cards that can be owned by one individual…