Iran Khodro Diesel, a local truck-maker and a subsidiary of Iran Khodro Company, has launched the assembly line for two Hyundai trucks.
IKD and the South Korean firm signed a deal in…
Economy
A former Volkswagen executive has been sentenced to seven years in prison and a $400,000 fine, after admitting he helped the firm evade clean-air laws. Oliver Schmidt, 48, is the second person…
Although some called for allowing moneychangers to deal in virtual currencies, especially the ubiquitous Bitcoin, all Iranian bureaux de changes are currently prohibited from engaging in deals…
The volume of electronic payment transactions during the second half of the previous Iranian fiscal to March 20, 2017 has exceeded the figure of gross domestic product.
As the Iranian month of Azar ended on Dec. 21, the currency market drew the curtain on one of its most eventful months of the year. During the month–a time when most foreign exchange settlements…
Vice Governor of the Central Bank of Iran Akbar Komijani reviewed the latest developments in the Iranian economy, saying that the administration plans to curb the inflation rate even further.
Iraq is a market full of challenges, but a golden one, the head of Iran-Iraq Chamber of Commerce and a member of the Board of Directors at Tehran Chamber of Commerce, Industries, Mines and…
Iran Air is expected to take delivery of two more ATR planes by the end of December.
The twin-engine turboprop, short-haul regional airliners are currently operating test flights…
Tehran Stock Exchange’s main index TEDPIX gained 6,816 points or 7.5% during the ninth month of the current fiscal year, Azar (Nov. 22-Dec. 21) to end at 95,508.6.
The benchmark index of…
The idea that China, Pakistan and Iran should develop an economic nexus seems to be gaining momentum. This is evident from the emerging consensus among the three countries and their civil…
Afghanistan, Pakistan, Iraq, Turkey and Russia were the main export destinations for Iranian fruit juice and concentrates in the last Iranian year (March 2016-17).
Instead of expanding roads and highways in Iran’s metropolitan areas, there has to be an increase in the cost of utilizing the existing roads, tunnels, highways and parking spaces.
The Astara (Iran)–Astara (Azerbaijan) Railroad connecting the two countries’ rail networks is scheduled to be launched soon.
Director general of International Affairs Office with the…
More than 1.96 million tons of oil and non-oil products were loaded and unloaded in Kish Port in the south of Iran during the eight months to Nov. 21, registering a 47% increase compared with…
Iran is in talks with India’s Ministry of Commerce and Industry to purchase 250 diesel locomotives, Chairman of the Islamic Republic of Iran Railways said.
Apple has confirmed the suspicions of many iPhone owners by revealing it does deliberately slow down some models of the iPhone as they age.
Renowned Isfahan-based biotechnology research institute Royan has cloned a type of goat compatible with hot weather. Mehdi Hajian, who serves in the institute’s Reproduction Department, said the…
Sharif University of Technology and Iran Aseman Airlines have signed a memorandum of understanding on making joint investment in aviation technologies.
Facebook is changing the way it identifies false and misleading news on the social network.
It is ditching the red icon indicating fake news known as the “disputed flag” and will instead…
Imam Khomeini International Airport registered a traffic growth rate of 11.5% in 2017, 3% higher than the global average, according to the caretaker of IKIA Airport City Company.
The gold coin and the US dollar took different courses in Tehran market on Wednesday, with the latter registering a slight gain and the greenback declining against the rial. Bahar Azadi gold…
Top private sector and state officials convened in Tehran late Tuesday as part of the 72nd Government-Private Sector Dialogue Council and their main order of business was to discuss trade…
The Cabinet of President Hassan Rouhani’s administration approved a measure based on which the government will sell its remaining shares in three major insurance companies which–barring Iran…
The total volume of loans paid out by the country’s banking system surpassed 3.5 quadrillion rials ($85.1 billion) in the first eight months of the current Iranian year to Nov. 21, to mark an…
Iran produces over 2 million tons of chicken annually, standing among the biggest producers of chicken in the world, a deputy agriculture minister said. Hassan Rokni added that Iran’s per capita…
