Iran Air will receive more planes from its order for French-Italian ATR aircraft, as the government’s push for the financing of the planes the flag carrier has bought makes progress.
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Economy
Director of Iran Standard and Quality Inspection Company says according to law, production lines of several low-quality vehicles should stop by the end of the current fiscal (March 2018).
With hundreds of auto dealerships closed and vehicle imports slowing down, or in some cases stopping completely, Hurricane Harvey is slamming the brakes on the auto industry in southeastern…
Ford and Domino’s are testing out a specially-equipped Ford Fusion that comes not only with self-driving technology but also an oven. It sounds cool but there is a catch — there’s no one to walk…
Karmania, a local automaker and official representative of China’s BYD in Iran, has started presales of the latest version of a new sedan, the BYD F3. According to the company, the BYD F3 is…
Euro kept gaining against rial in Tehran’s forex market on Tuesday to continue its bull run that started about eight days ago. According to Tehran Gold and Jewelry Union’s website, the…
Since the inflation rate has continued to decline in the last four years, businesses expect the Central Bank of Iran to strictly monitor the implementation of the new CBI directive to lower…
Foreign finance deals worth about $30 billion will be clinched soon, the head of the Organization for Investment, Economic and Technical Assistance of Iran announced at a major economic event.…
Referring to the dearth of incentives as a key impediment to export promotion in Iran, Mohammad Shariatmadari, the new minister of industries, mining and trade, said the government should employ…
When Iran signed an agreement with world powers to limit the scope of its nuclear program in 2015 in exchange for the lifting of international sanctions, President Hassan Rouhani’s…
Close to 565,000 tons of goods worth over $1.15 billion were exported from Sistan-Baluchestan Province during the first four months of the current Iranian year (started March 21).
More than 138 million tons of goods have been loaded and unloaded so far in the current Iranian year (started March 21), registering a 3.7% rise year-on-year. Non-oil goods accounted for 49…
Tehran Stock Exchange’s main index gained 239.90 points or 0.29% to end Tuesday trade at 83,252.
About 851 million shares valued at $95.52 million changed hands for the day.
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After a lengthy negotiation, the Renault Group finalized a contract for a joint venture with Iranian carmakers on August 7.
The average Producer Price Index in the 12 months ending August 22, which marks the end of the Iranian month of Mordad, increased by 7.6% compared with last year’s corresponding period, the…
The financially embattled Esfahan Steel Company has been drowning in debt for the past few years, but the veteran Iranian steelmaker’s latest production data indicate it is slowly finding a way…
Privately owned Internet service provider (ISP) HiWeb will start its initial public offering this week on Tehran Stock Exchange’s secondary index.
According to the official website of…
Fitbit has a full-fledged smartwatch. But can it compete with Apple Watch?
Squared-off, metal, a slightly curved screen, the new smart watch is attempting to take on the Apple crowd,…
China is cracking down on censorship once again, but this time things are a touch more serious.
According to new rules published by China’s main Internet censor last Friday, individuals…
Four new air navigation radar systems dubbed ‘Negah’, ‘Sami’, ‘Sama’ and ‘Basir’ were inaugurated Monday morning in the presence of the commander of the Khatam al-Anbia Air Defense Base.
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South Korea’s Ambassador to Tehran Kim Seung-Ho, has said that his country will help Iran boost its technical knowhow in industry. “South Korea is set to supports Iran in further firming the…
The euro gained against rial on Monday in Tehran’s market to register a new record for the European currency, as it surges in global markets.
The insurance industry has managed to earn 88.5 trillion rials ($2.3 billion) from premiums during the first four months of the current Iranian year (started March 21).
According to new…
Capital Intelligence Ratings, the international credit rating agency, has released its ratings for two Iranian private insurance firms, revising one insurer’s outlook to “positive” and giving a…
Iran is in dire need of foreign finance after years of hard-hitting sanctions and more than glad to wrap up deals worth $40 billion negotiated or agreed upon in the post-sanctions era.
