Economy

New-car sales in Russia fell 18% to 113,749 in August, after a 17% fall in July, the Association of European Businesses (AEB) lobby group said.

Mazda Motor Corp. said it would recall 2.3 million vehicles worldwide over potential problems with their rear gates, along with a separate issue involving diesel engines.

Modiran Vehicle Manufacturing unveiled its latest MVM X33 SUV in a ceremony on September 7.  The updated vehicle was unveiled at a showroom in east Tehran.

To support domestic garment producers, promote exports and prevent smuggling, the Ministry of Industries, Mining and Trade has issued a directive that requires international clothing retailers and…

The Ninth Iran Stone Expo 2016 is scheduled to be held from September 14-17 in the city of Mahallat in Markazi Province, central Iran, according to the executive director of the event.

Summer, particularly its final month of Shahrivar (started Aug. 22), is a popular time for Iranians to go on vacations by road where they unfortunately leave behind an alarming trail of death,…

The completion of road, highway, freeway and railroad projects in Iran requires up to 130 trillion rials (close to $3.66 billion at market exchange rates), according to deputy minister of roads…

Iran exported over 900,000 kilograms of henna worth $2.81 million in the first five months of the current Iranian year (March 20-August 21), the Islamic Republic of Iran Customs Administration…

An economic forum will be held in Yerevan on September 20 to explore ways of boosting cooperation between Iran and the Eurasian Economic Union, Armenian Economy Minister Artsvik Minasyan announced…

Due to the increase in red meat prices in the domestic market, the export of livestock has been banned from August 31 to October 1, the head of the National Assembly of Livestock Exporters said.…

More than 50 Iranian companies will participate in the second Specialized Iranian Exhibition in Azerbaijan dubbed “Iran Project 2016” scheduled for September 19-21, according to Iran’s commercial…

While the authorities in the US and EU continue to drag their feet on sanctions and hamper cooperation with Iran, Russian banks are keen to fill the gap in the opening Iranian market, according to…

The head of Khatam-al-Anbiya Construction Headquarters, an engineering company affiliated to the Islamic Revolutionary Guard Corps, commended Bank Sepah and Bank Mellat for supporting the country’…

France is willing to use its influence to pressure the United States into easing financial restrictions over Iran and wants to share its experience with the country regarding the implementation of…

Central Bank of Iran Governor, Valiollah Seif, will travel to Germany in November, to discuss reestablishment of banking relations with the European power. Seif is also a speaker at the Third…

Tehran Stock Exchange fell for the fourth week in a row, as bearish sentiment persisted in equity markets.

Benchmark TEDPIX shed half a percent for the week to 76,742.2 points by Wednesday’…

Charges levied by toll roads have increased by 14.6% on average this fiscal year (March 2016-17), according to Mehdi Heydari, an official with the Ministry of Roads and Urban Development. “Qom-…

The administration of President Hassan Rouhani successfully controlled the damage of the prior government’s populist policies, says Presidential Advisor Masoud Nili.

The incumbent…

There is abundant potential for Iran and Afghanistan to boost trade, according to the head of International Affairs Office at Afghan Chamber of Commerce.

“Bilateral trade can increase from…

The Third Independent Iranian Game Makers Festival, one of the most prestigious videogame festivals held in Iran, has invited contestants.

Iran’s Communications Regulatory Authority has granted 24 permits for offering Mobile Virtual Network Operating services.

The CRA issued a call for registration last winter, following which…

In line with plans to expand scientific cooperation, delegations from Russia, Germany and France are expected to visit Iran, said Deputy Science Minister Hossein Salar-Amoli.

According to…

Iran plans to invest €16 billion in the field of telecommunicationd, Minister of Communications and Information Technology Mahmoud Vaezi announced on September 7 at a conference in Tehran.

The amount of deposits held by Iran Deposit Guarantee Fund (IDGF) has multiplied and a new ceiling has been devised for the guarantee of deposits, announced the fund’s executive deputy.

“…

Money and Credit Council decided at its Tuesday meeting to lower the minimum capital requirement to establish a bank in free trade zones from the previous €150 million to €100 million.