Between 800 and 1,000 kilometers of highways have been constructed across the country every year since March 2013-14 when President Hassan Rouhani took office, according to Abdolhashem Hassan-Nia…
Economy
Iran exported 5.7 million tons of non-oil goods worth $1.9 billion to India during the eight months to November 20, registering a 6% increase in value over last year’s corresponding period. The…
Following rumors that an unidentified South Korean company fined by the Islamic Republic of Iran Customs Administration for evading import tariffs could be Samsung, IRICA has clarified that this…
Modiran Vehicle Manufacturing Company (MVM), the official representative of the Chinese brand Chery in Iran, has unveiled a face-lifted version of Tiggo5 in Tehran. According to a company…
Automotive sales data shows that in the first eight months of the current fiscal year (started in March) SAIPA’s Pride and Iran Khodro Company’s Peugeot 405 held the sales record.
According…
A federal judge said on Thursday that Volkswagen AG has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a…
China will fine US automaker General Motors Co’s joint venture $29 million for monopolistic pricing, state television reported on Friday, ending speculation after an official warned of penalties…
Volkswagen is to produce its Polo hatchbacks under a joint venture with an Iranian automotive company, Mammut Group.
According to Persian Khodro, a local automotive website the production…
Bank Maskan, the state-owned lender specialized in financing the housing sector, has been tasked with financing the renovation of 300,000 housing units each year, as part of the sixth five-year…
The US dollar exchange rate is expected to drop after the New Year Eve, said the Central Bank of Iran’s head of Exports Department.
The currency registered a big recent rally in Tehran…
More than 120,000 Housing Savings Accounts have been opened since the scheme to assist first-time home buyers was launched last year, announced the head of Bank Maskan's Public Relations…
Enhanced connectivity and banking channels between Iran and Pakistan are imperative to fully exploit the post-sanctions' opportunities and negotiations in this regard are at an advanced stage and…
A banking memorandum of understanding was signed between the central banks of Iran and Kazakhstan during President Hassan Rouhani's three-nation tour of Armenia, Kazakhstan and Kyrgyzstan.
The government generated 1,445,000 jobs during the first six months of the current Iranian year (started March 20, 2016), according to Minister of Economic Affairs and Finance Ali Tayyebnia.The…
Members of the Iranian Parliament approved last week a ban on introducing “new” tax exemptions and discounts for the next five years.
The measure was proposed by the government as part of…
The confiscation of contraband medicine and cigarettes registered a fourfold and threefold rise respectively in the eight months to November 20, compared with the corresponding period of last…
The US Treasury Department unveiled new regulations on Dec. 22, which make it easier for pharmaceutical, medical device and agricultural sectors to more easily sell their products in the 80-…
The average goods and services Consumer Price Index for urban areas increased 7.2% in the 12-month period ending December 20, which marks the end of the Iranian month of Azar, compared with last…
Iran exported about 9.7 million tons of non-oil goods worth $4 billion to Iraq during the eight months to November 20, registering a 1.3% increase compared with last year’s corresponding period.…
Pakistan’s Minister of Commerce Khurram Dastgir Khan said he plans to visit Tehran on December 28-29 to discuss, among other things, a free trade agreement with Iran. “Overall, this upcoming visit…
Based on the latest report by the Central Bank of Iran, the economy experienced a 7.4% growth during the first half of the current fiscal year (started March 20) compared with the corresponding…
Tariff rates on flat steel imports will be cut down by half to 10% in a bid to balance the domestic steel market, Deputy Industries, Mining and Trade Minister Jafar Sarqeyni announced during a…
Europe's Airbus signed a firm contract on Thursday to sell 100 jets to Iran Air, completing a return by western plane giants and paving the way for deliveries to start next month, a year after…
Tehran Stock Exchange’s main index shed 434 points or 0.5% during the week that ended December 21 to end at 80,250.
IFX, Iran Fara Bourse’s benchmark, added 5.9 points or 0.7% to end the…
During the first meeting of Science and Technology Exchange Program of Islamic Countries (STEP) in the Malaysian capital, a Jordanian scientist claimed that there is an unequal distribution of…
