Economy

Her father forged diplomatic ties with a country whose revolution and then his own assassination prevented him from visiting, leaving his daughter Park Geun-hye, the first South Korean president…

Jaguar Land Rover is suing the Chinese makers of the LandWind X7 SUV—Jiangling Motor—for ripping off the Range Rover Evoque’s design.

Chinese copies of western cars are not as rife as they…

Any advertisements about presales of vehicles without a permit from the Ministry of Industries, Trade and Mining are now prohibited, according to the automotive group in support of consumers and…

Apple Inc. has hired Sinisa Durekovic, a software engineer who led the development of satellite navigation systems used by luxury carmakers like BMW AG, Daimler AG’s Mercedes-Benz and Volkswagen…

The latest car production statistics indicate a downward trend in vehicle manufacturing, according to a new report by a local news agency.

The statistics, released by the Ministry of…

The Export Guarantee Fund of Iran, the state-owned agency for export credit, is seeking to provide $2 billion in coverage for the export of non-oil goods by the end of the fiscal year that ends in…

The first offshore bank will be established in Kish Free Trade Zone Organization in a month, said an official at KFTZO on Sunday.

“All the documents and guarantees have been sent to the…

The head of Tehran’s Association of Realtors does not envisage any dramatic shift in the sluggish housing market and has said prices and rents will not increase until at least the end of 2017.

All of Tejarat Bank’s staff on Sunday went to office using public transport, celebrating the International Environment Day June 5, according to the bank’s twitter account. The move is in line with…

Banks and non-banking credit institutions have been explicitly defined in the new Banking Reform Bill and any institution wanting  to enter the financial sector needs to obtain a license…

Euromoney Middle East Awards for Excellence winners were announced in a ceremony in Dubai earlier this week, where Bank Pasargad Iran was named as the top Iranian bank for 2016.

Tehran Stock Exchange’s main index edged up 76.40 points or 0.10% to close Sunday trade at 76,160.6.

Automakers and steel companies were the main driving force behind TEDPIX’s tepid growth…

Mirror, glass and decorative glass objects are widely used in many sectors.

Glass production in Iran dates back to World War II when the first glass factory was built in Tehran, the Persian…

Steel industry was one of Iran's primary industrial sectors to benefit from the lifting of sanctions imposed on the country over its nuclear energy program, as part of the July 14 nuclear accord…

Iran Mercantile Exchange witnessed the trading of over 62,500 tons of commodities on Sunday. This included 6,000 tons of aluminum ingots, over 1,500 tons of rebars, 950 tons of corn, 80 tons of…

Some $350 million worth of seafood were exported in the last Iranian year (March 2015-16), registering a 15% rise compared to a year before, the head of Iran’s Fisheries Organization said. “Of the…

Iran could achieve self-sufficiency in wheat production in the next 2-3 years, said Esmaeil Esfandiaripour, an advisor to the Agricultural Jihad Minister. Currently 85% of domestic demand for…

Iran exported more than 230 tons of hand-woven carpets worth some $11 million during the first month of the current Iranian year (started March 20), indicating a 107% and 120% growth in volume and…

Close to 100,000 tons of dates have been stored and there will be no shortage of the product in the holy month of Ramadan, an official with the Agricultural Jihad Ministry said. “We will do our…

Lack of insight into Iran’s current economic condition hinders foreign businesses from making investment here.

Despite all the efforts made by Iranian delegations that visited several…

A new indigenously developed Android app has hit the market with a very different mission–to report sick and damaged trees around the country.

Called Derakhtban, the new application can…

Turkcell, Turkey’s biggest cell operator, has unveiled the country’s largest data center in Gebze near Istanbul. The company wishes to use its servers to host Google and other companies in the…

Huawei is strongly defending its export position following reports in the New York Times that the US Department of Commerce has subpoenaed it for information about supplying US technology to…

As Iran prepares to allow several new Mobile Virtual Network Operators to enter the telecoms market, rumors have been circulating in local and international media that Iran could also host the…

Expanding banking ties and countering terrorism financing are the key issues at stake for Iran, said Ali Tayyebnia, the minister of economy in a meeting with Austria’s Minister of Finance Hans…