Economy

China may be the first country where Volkswagen Group could invest billions in one or more plants to manufacture battery cells and packs, a source close to the senior management said, citing the…

Switzerland has joined a growing number of places around the world exploring the potential of electric autonomous buses, with a pair of driverless shuttles now ferrying passengers around the city…

As the shockwaves of Britain voting to leave the European Union on Friday continue to shake global markets, the effect was felt in Iran a day later – due to markets being closed on Friday–, a…

Iran Insurance Company has signed a contract with Honar Credit Fund (art fund) and the Ministry of Culture and Islamic Guidance to provide supplementary health insurance policies to members of the…

Data from the Ministry of Roads and Urban Development shows that in the first quarter of the Iranian fiscal year ending on June 20, apartment sales rose 4% compared to the same period last year…

An international group that monitors money laundering worldwide decided on Friday to suspend its restrictions on Iran for one year and welcomed Iran's promises to improve in the areas of AML and…

Leading Turkish online payment company, Iyzico, will soon be able to handle payments in Iran, according to Barbaros Ozbugutu, co-founder and CEO of the company.

The goods and services Consumer Price Index for urban areas in the 12 months ending June 20, which marks the end of the Iranian month of Khordad, increased 9.7% compared with last year’s…

About 1 million tons have been added to Mouteh Gold Mine’s proven reserves after new mineral discoveries were made in the region, Ali Asgharzadeh, an official with the Iranian Mines and Mining…

Close to half of Iran’s cement producers risks bankruptcy by the yearend unless the industry’s pressing problems are addressed.

Mohammad Atabak, a member of Cement Employers Association…

More than 53,000 tons of aluminum ingots were produced in the first two months of the current Iranian year (March 20-May 20, 2016), indicating a 2% decline compared with the corresponding period…

More than 89,000 tons of coal concentrate were produced, mainly by Central Alborz and Tabas Parvardeh coal companies, in the first two months of the current Iranian year (started March 20), which…

Contraband cigarettes account for 35-40% of the domestic market, a former CEO of Iranian Tobacco Company said.

Some $5 billion worth of construction services are estimated to be exported by the end of the current Iranian year (March 2017), the head of Iranian Technical and Engineering Services Exports…

Iran exported more than $800 million worth of food and agricultural products during the first two months of the current Iranian year (started March 20), which indicates a 4.6% increase compared to…

Some 52,000 tons of tea have been purchased from local farmers since the beginning of the current Iranian year (March 20, 2016), which registers a 37% increase compared with the corresponding…

Iran exported more than $111.6 million to and imported close to $140.6 million worth of goods from Italy during the first two months of the current Iranian year (started March 20).

It has the world’s largest gas reserves and the second-largest copper reserves, while only three other countries have more oil. Iran is open for business.

Perhaps the most striking aspect…

Automakers with operations in the UK are weighing the implications of the country’s vote to quit the EU amid warnings that Brexit will impact sales and production in Europe’s second-biggest auto…

Persia Khodro, the official firm representing BMW in Iran, introduced the company’s newest X1 model last week in a ceremony held in Tehran. BMW has a large following in Iran, with sales dating…

The pre-sales of four Nissan models will start in Iran in the second week of July, said the CEO of Jahan Novin Company, Nissan’s official representative in Iran.  

The four models…

An international group that monitors money laundering worldwide decided on Friday to keep Iran on its blacklist of high-risk countries but welcomed Iranian promises to improve and called for a one…

Tahmasb Mazaheri, a former governor of the Central Bank of Iran has warned that a surge in liquidity over and above 10% would not be acceptable in the current fiscal year that started in March and…

The Monetary Authority of Hong Kong on Friday lifted the restrictions imposed on Melli Bank Plc (MB) in respect of the affairs, business and property of its Hong Kong Branch (MBHK).  MB is…

Debts of banks to the Central Bank of Iran amounted to 836.1 trillion rials ($27.3 billion at the official exchange rate) by the end of the fiscal year that ended in March, marking a year-on-year…