Economy

Certain industries are poised to benefit from the current market dynamics in the next six months ending June 21, 2017.

This was the conclusion of a report in the Persian daily Donya-e-…

Rising foreign exchange rates over the past several weeks is pushing up the price of raw material for automakers according to the secretary of Iran’s Automakers Association. He has called on the…

Volkswagen will unveil a concept for a self-driving electric minibus at the Detroit auto show next month as the automaker prepares to challenge Uber with its new Moia mobility services division.…

German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country’s quality regulator and the company, AFP reported on December 26.Some…

Lawmakers approved measures on Saturday requiring the Central Bank of Iran to prepare the grounds for undertaking constant oversight over the banking sector by establishing an online supervisory…

The greenback's rate reached 41,000 rials on Sunday, recording a new all-time high.

Subsequently, Governor of Central Bank of Iran Valiollah Seif said banks should reclaim their “historic…

Government-owned Banks Coordination Council and the Association of Private Banks and Credit Institutions have jointly written a letter to First Vice President Es’haq Jahangiri, asking him to…

The recent hike in the US dollar’s exchange rate in the Iranian market after the greenback gained against all other major currencies does not equal a weaker rial, claims a deputy economy minister…

More than 223,000 tons of non-oil goods valued at $70.2 million were exported to Brazil during the eight months to November 20. Export was a meager $4.5 million for last year’s corresponding…

Mofid Brokerage is keeping its edge over other brokers using its dominance of online trading.

Online trading is steadily gaining popularity in Iran, despite high transaction costs and…

Mining could play a pivotal role in all economies, whether directly or indirectly, by providing materials for other industrial sectors.

The average goods and services Consumer Price Index for urban areas in the 12 months ending December 20, which marks the end of the Iranian month of Azar, increased 8.6% compared with last year’s…

More than 1,430 tons of chewing gum worth over 69 billion rials (close to $1.71 million at market exchange rate) were imported during the seven months to October 21, according to figures released…

Rolls-Royce welcomes the decision by Iran Air to acquire 18 Airbus A330neo and 16 A350-1000 aircraft, which are powered exclusively by the Trent 7000 and Trent XWB engines respectively, the…

When oil revenues rise, the private sector’s power to compete is diminished, since it renders the government self-sufficient.

Mohsen Jalalpour, the former head of Iran Chamber of Commerce,…

Iran has been placed 6th in the latest world ranking for nanoscience production, the founder of the Islamic World Science Citation Database (ISC) said on Saturday.

Engineers at a knowledge-based company affiliated to Sharif University of Technology, has been able to build a firefighting drone that relies on indigenous technology.

A Swedish academic delegation visited the University of Tehran on Saturday aiming to expand scientific and educational cooperation.

The delegation met with Tehran University officials to…

Mike Zimmerman likes to shock his guests by using a hammer to drive a nail through a solid polymer lithium metal battery. Nothing happens — and that’s a good thing.

Zimmerman’s battery is a…

Students at Sharif University of Technology ranked first in the 18th round of Tehran ACM ICPC 2016, a five-hour programming competition.

The student teams competed to solve 12 programming…

Lawmakers have obligated the Central Insurance of Iran, the industry’s regulator, to take measures for increasing the insurance penetration rate to 7% by the end of the sixth five-year development…

The Central Bank of Iran, in a statement on Saturday, informed businesses to approach the banking system for purchasing foreign exchange.  

“Back in July, the banking system was…

The Central Bank of Iran has issued formal warnings to 10 banks for violating interest rates set by the Money and Credit Council, the bank’s deputy for supervisory affairs announced.

The full list of officials comprising the Money and Credit Council–a decision-making body–was announced on Saturday. During the latest session of the Iranian Parliament, which reviewed the details…

Iran's sovereign state fund is ready to bankroll projects involving the export of goods and techno-engineering services to Latin American countries, announced the fund's director.