Economy

After SAIPA and PSA Group signed a historic deal recently, it was confirmed that Citroen C4 will be the first product to be offered in Iran’s auto market.

The deal, which was unveiled on…

New cars produced on Iranian platforms are expected to enter the market by March 20, 2018, the minister of industries, mining and trade said.

Mohammad Reza Nematzadeh added that Iranian…

The German state of Bavaria said it will sue Volkswagen Group for damages caused by the emissions-test cheating scandal, the first regional government in VW’s home country to take legal action…

To improve the quality of public transportation in the capital, 200 new Hyundai Accent taxis compliant with Euro 5 standards were unveiled in Tehran on Tuesday.

Meysam Mozaffar, the head of…

Italy will invest $450 million in the construction of a bioethanol manufacturing plant in the northern port and free trade zone of Amirabad in Mazandaran Province, the director of Amirabad Special…

Iran has the capacity to add 50 regional planes to its fleet within the next 10 years, in addition to the 20 short-haul aircraft the country has ordered from French-Italian plane manufacturer ATR…

The director of Bank Maskan’s department of planning says the recent cut in Housing Savings Account mortgage rates has increased the appeal of the scheme among first-time homebuyers.

Insurance companies that fail to meet the minimum capital requirement will be merged by the end of the next Iranian fiscal year (March 2018), said the president of the Central Insurance company of…

Following the Central Bank of Iran’s official authorization, Bank Saman and Bank Saderat Iran became the first banks to start offering foreign exchange services. In a statement, the International…

Out of consideration for US laws, German banks hold back on the financing of lucrative trade with Iran despite the federal government’s push to expand trade with the Islamic Republic, a German…

The deputy head of the Monetary and Banking Research Institute rejected claims that the entry of banks in the open foreign exchange market could push them into unwanted and unhealthy market…

The first shipment of wood pulp from Russia’s Astrakhan has been delivered to Amirabad Port’s paper mill, the director of the northern Iranian port said. Construction of the mill began in 2006,…

Iran’s exports to Russia amount to $300 million per year, which constitute less than 1% of the neighboring country’s annual imports worth $400 billion, according to the head of Tehran’s Industries…

More than 220,000 job seekers signed up with recruitment centers across the country during the first four months of the current fiscal year (started March 20), which indicates a 20% growth…

The government has purchased 9.2 million tons of wheat worth 117 trillion rials (more than $3.3 billion at market exchange rate) from local farmers since March 15, indicating a 13% rise compared…

Azerbaijan Railways CJSC plans to start laying rail lines in mid-August for the construction of a railroad section from Azerbaijan’s Astara station to the border with Iran as part of the…

British logistics and freight forwarding company, Delamode, has started new groupage lines for Georgia, Armenia, Azerbaijan and Iran.

According to the company’s website, the new services…

Despite the fact that Iran’s steel industry has changed significantly over the years of international isolation, the major transformation is still on the way as there is a bold plan to triple…

Tehran Stock Exchange’s main index gained 442.40 points or 0.58% to end Tuesday trade at 77,089.8.

More than 925 million shares valued at $56.9 million changed hands for the day.

…

PGt Advertising, one of Iran’s leading advertising and marketing communications solutions agencies, and UK-based Grayling, a leading global communications network, have signed an agreement to…

The US late on Friday issued a license allowing foreign carriers to fly to Iran without fear of violating US sanctions.

A technical rule of the US Treasury Department’s Iran sanctions…

The Windows 10 Anniversary Update—the largest update to the PC software since it was launched last year—will become available to consumers today, according to a report from the US.

More…

Scientists at Mashhad University of Medical Sciences have designed a detector to help fight drug addiction.

Mohammad Taqdisi, the head of the research team, told ISNA, “By using gold…

Azerbaijan and Iran explored ways of developing cooperation in the field of communications, when Azerbaijan’s Minister of Communications and High Technologies Ramin Guluzade met his Iranian…

Minister of Roads and Urban Development Abbas Akhoundi rejected Mohammad Saeednejad’s resignation as the managing director of Ports and Maritime Organization of Iran on Sunday and asked him to…