Economy

The Central Bank of Iran has approved the scheme to form provincial investment funds throughout Iran, announced the chairman of Majlis Budget Commission. “It has been decreed by CBI that…

Tehran Telecommunications Company has paid compensations to 2,000 subscribers due to network congestion.

In recent months, a large number of TTC subscribers were complaining about network…

You can get a pretty good idea of a country’s wealth by seeing how much it shines at night.

However, nighttime lights don’t tell you which neighborhoods or villages within a large region…

Iranian students ranked third in the 28th edition of the International Olympiad in Informatics.  Hosted by Kazan of Russia, the latest round of IOI was held during August 12-19.…

To mark the upcoming Government Week (Aug. 23-29) in Iran, the mobile number portability plan was launched nationwide on Sunday.

With the official launch of the plan, restrictions in place…

When it comes to opportunities in e-commerce and retail, Iran holds great promise.

The Money and Credit Council –a decision-making body–is pondering a further cut in bank interest rates, as the inflation rate is likely to continue on its downward trend, says a former governor of…

Globalization has rendered the mainstream thinking among Iran’s politicians obsolete. Iran needs to shift away from its traditional model of pushing for  self-reliance in catering to all its…

A delegation of South Korean companies recently visited Iran to explore avenues of cooperation in the Iranian railroad project connecting the port and free economic zone of Chabahar to the city of…

Austrian Airlines, a subsidiary of Lufthansa plans to launch 3X-weekly Vienna-Isfahan services from September 4 as part of a new bilateral air transport agreement between Austria and Iran, US-…

Some 340 Iranian companies as well as 15 others from France, Austria, Belgium, the United Kingdom, Thailand, South Korea, Spain, Italy, Turkey, Japan, India, Pakistan, China, Taiwan and Germany…

Head of the Planning and Budget Organization of Iran Mohammad Baqer Nobakht on Saturday named Omid-Ali Parsa as the new director of the Statistical Center of Iran. Parsa is an economist and has…

Iran exported 4,800 tons of non-oil goods worth $1.9 billion to Iraq during the first four months of the current Iranian year (March 20-July 21), registering a 3.6% decline compared to the similar…

Imported household appliances sold in sales outlets other than the licensed representatives of those brands in Iran will be considered illegal and confiscated as of September 22, according to head…

Iranian cement producers exported about 4.4 million tons of cement and clinker–the main material used in the manufacture of cement–during the first four months of the current Iranian year (March…

Steel mills in Iran produced 10.1 million tons of crude steel during the seven months of 2016, which shows a 4.9% growth compared to the corresponding period last year, according to a preliminary…

Entering regional markets, which for variety of reasons was previously neglected  or out of reach, is a goal now pursued by Iranian traders. The international sanctions, on the one hand,…

The balance in the Caucasus is changing. With Iran emerging from the malaise of sanctions, it is reaching north and becoming more assertive. Russia, too, is changing tack, aligning with…

Toyota said on Friday it restarted its Venezuelan factory after six months without producing vehicles because of hard currency shortages, good news for the South American nation suffering a…

Mega Motor and SAIPA, the country’s second largest carmaker, plan to harmonize their activities to maximize their production and efficiency, the managing director of Mega Motor, one of the main…

Iran’s first automotive college will be established in Payam Special Economic Zone in Alborz province, west of Tehran.

The continued production of old car models such as Peugeot 405 and Pride at Iran Khodro Company and SAIPA is illegal.

A guideline for improving the quality of passenger vehicles was passed…

Atlas Khodro, the sole representative of Kia Motors in Iran, has been ranked the best company in providing after-sales services. In the recent ranking published by Iran Standards and Quality…

Despite persistent warnings and strict regulations, the smuggling and sale of banned foreign fruits including Egyptian orange, African and Brazilian lemon and Turkish avocado and cornelian cherry…

Tehran has topped the list of world cities that have achieved biggest improvements in livability over the past five years, as calculated by the Economist Intelligence Unit. The scores were…