Economy

The government expects to earn 18.3 trillion rials ($460 million) in the next fiscal year through two automotive charges.

The proposed budget for March 2017-18 shows the amount will be…

French prosecutors are investigating Renault over suspected cheating on vehicle exhaust emissions, a source at the Paris prosecutor’s office told French journalists on January 13, sending shares…

New import regulations passed by the Cabinet indicate that vehicles no more than a year old can be imported into the country.

The new ruling that was passed last week was proposed by the…

Citroen-owned luxury sub-brand DS has imported the medium-sized DS4 Crossback for the Iranian market. According to local automotive news website, Asbe Bokhar, the new model is estimated to cost 1.…

The parliament has tasked the government with increasing the share of cooperatives in gross domestic product to 25% by the end of the sixth 5-year economic development plan (2016-21).

Iran Insurance Company, fully owned by the government, has insured Iran Air’s new Airbus jet that arrived in Tehran on Thursday.

Mohsen Pourkiani, IIC’s chief executive, said his firm has…

Lawmakers on Wednesday approved the formation of a fiqh council at the Central Bank of Iran to supervise banking operations’ compliance with Islamic law and usury-free banking law.

Lawmakers defined new responsibilities for the Central Bank of Iran and law enforcement, as they ratified more enhanced regulatory measures to counter the operations of uncertified financial…

In the first half of the current Iranian year 1395 (started March 20, 2016), the monetary base grew by 7.9% compared to the end of 1394 and by 20.4% compared with the same period of the previous…

Lawmakers voted on Thursday to allocate the government’s entire revenues from mining royalty and usufruct fees for the development of the infrastructure of large Iranian mines, expansion of…

Iranian authorities are taking steps to help local firms sell bonds abroad, which western fund managers are eager to buy.

Buying activity in the Iranian flat steel import market has remained sluggish over the past week, as customers wait for the government to implement new import duty regulations.

Metal…

The largest Iranian flats producer Mobarakeh Steel Company continues to diversify product portfolio of high value-added steel. This time, the company is focusing on high-strength galvanized steel…

A groundbreaking ceremony for launching a joint pharmaceutical plant between Iran and Azerbaijan will be held on January 16. Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei…

Close to 4.33 million tons of agro products worth nearly $4.13 billion were exported from Iran during the nine months to December 20, registering a 5.3% increase in value, the deputy agriculture…

Tehran Stock Exchange’s main index shed 368 points or 0.5% during the week that ended January 11 to end at 78,622.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 14.7 points…

Close to 2 million tons of wastes were recycled in Iran in the last fiscal year (March 2015-16) to produce nearly 1.3 million tons of polymers and plastic products, the head of Iran Recycling…

Air pollution costs Iran about $20 billion annually, which can be used to purchase 20,000 subway cars or establish 140 power plants, 60 stadiums with a 50,000-seat capacity and 900 60-hectare…

The official portal of Measuring Information Society (MIS) of Iran has released data indicating that some 65% of Iranian Internet users are active on social media.

It did not give the size…

Nintendo will launch the Switch, its first new game console in about four years, on March 3 for $299.99 in the United States and 29,980 yen in Japan, the video game maker announced on January 13.…

Registration for the new cycle of startups at Avatech accelerator started on January 9.  

Telegram Messenger has released the version 1.0 update of its universal desktop application, Telegram Desktop. The app had been available for a while but this is the first stable release and it…

Ride-hailing service Uber signed an agreement with Dubai’s transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability.

Iran’s agriculture sector generates an average value added of 250% from raw products, said the managing director of the Central Organization of Rural Cooperatives of Iran.

Iran holds 3 billion tons of decorative stone reserves, says an executive of Iran Stones Association.

Some 16 million tons of decorative stones are extracted in Iran every year, which is…