Economy

Official figures by the Ministry of Cooperatives, Labor and Social Welfare show 106,491 or 52% of the country’s 205,455 registered cooperatives until the end of the fifth Iranian month Mordad (…

Afra Motor, an Iranian auto importing firm, has unveiled two models of the British handmade Lotus sports cars in Iran.  According to local automotive website Carnet.ir, the two models were…

The first product of a Sino-Iranian joint venture is to be unveiled this week.

“MG 360 is the newest car to be produced in Iran,” CEO of Iran Khodro Azarbaijan Nasser Naqdi announced on…

An industrial delegation headed by SAIPA visited Lebanon last week to look at business opportunities.

During the trip, SAIPA’s CEO Mehdi Jamali said he was looking at setting up an official…

Yazd Tire, a major Iranian tire producer, announced that it is aiming to double its production capacity.

According to Eskandar Sotoudeh, CEO of Yazd Tire, the company aims to produce 9,000…

The Iranian banking sector’s total lending amounted to 1.7 quadrillion rials ($54 billion) in the five months to August 20 -- a 39% growth compared with the corresponding period last year.

The total number of home sales in Tehran city reached 83,199 during the first half of the Iranian fiscal year (started March 20), marking a 14.7% growth compared with the same period last year.…

A board member of Iran’s main housing mortgage bank says it will issue 100 trillion rials ($3.17 billion) worth of mortgage backed securities (MBS) in the fiscal year that ends in March 2017. The…

The state-owned Bank Keshavarzi Iran, specializing in financing the agriculture sector, will double its capital by the end of the current fiscal year (March 2017), said deputy minister of…

In talks with the governor of the Central Bank of Iran in Athens, the deputy Greek prime minister expressed his country’s interest in expanding ties with Tehran.

“Our ties to the Islamic…

Tapping into underdeveloped markets provides growth potential for both Boeing and Airbus.

On September 21, Boeing and Airbus individually announced that the US Treasury Department will…

Iran’s pension funds are in financial trouble and are creating a huge drag on government finances, according to their executives and government officials. They are struggling to weather the…

Tehran Stock Exchange's benchmark index, TEDPIX, gained 849 points or 1.1% during the trading week that ended pn September 28 to close at 77,300.

TSE trading week begins on Saturday and…

Renault has reached a deal with Iran's government to open a plant for making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international…

India’s government has asked state-controlled National Aluminum Company Ltd, better known as NALCO, to rethink its overseas expansion plans, including a proposal to set up a $2 billion smelter…

German Economy Minister Sigmar Gabriel is leading a large delegation of business executives to Iran for two days starting Sunday to discuss potential business deals after a historic nuclear accord…

More than 618,000 households have participated in the online registration of the eighth round of the National Population and Housing Census that began on Saturday up until 6 a.m. on Friday, the…

Heading a delegation of Iranian health officials, Minister of Health Seyyed Hassan Qazizadeh Hashemi arrived in Moscow last Wednesday for a two-day visit to survey opportunities for bilateral…

Iran exported $549.4 million worth of non-oil goods to Japan in the first five months of the current Iranian fiscal year (started March 20), 40 times more compared with $13.8 million in last year’…

German carmakers Audi, BMW and Daimler on September 27 launched an alliance with mobile telecoms network equipment firms Ericsson, Huawei, Intel, Nokia and Qualcomm to accelerate the development…

Alphabet Inc’s Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest…

Tehran Game Convention has been planned for April 29-30, 2017, at Tehran’s Milad Tower.

The event will bring investors, enthusiasts and publishing firms from across the world to Iran for…

Telecommunications Company of Iranian and the Vietnamese delegation present at Iran Telecom Innovations Exhibition have agreed to collaborate to provide FTTH services in Iran earlier this week.

Managing Director of Iran-Germany Chamber of Industry and Commerce Rene Harum says trade between the two countries is expected to reach €5 billion in 2017 and €10 billion in the upcoming years.

The Europaeisch-Iranische Handelsbank is now handling banking deals with Tehran worth €5.5 billion, announced the head of the German-Iranian Chamber of Industry and Commerce.