Iran banned all imports from Saudi Arabia in a Cabinet meeting chaired by President Hassan Rouhani last week, extending the embargo to free trade and special economic zones as well.
Economy
The products of four Iranian milk processing factories have successfully passed veterinary tests in the Russian Federation and received the requisite licenses, Russian news website Pravda.ru…
Key drivers of growth in Iran’s pharmaceutical market will be volume-based, given improvements in healthcare provision and rising population, as downward pressure on prices remains in place over…
Secretary-General of Iran-Turkey Council Seyyed Jalal Ebrahimi believes recent developments in the region will have no impact on economic ties between the two countries. “Although Iran and…
More than $245 million worth of goods were imported from the United States from January to November 2015, which shows a 31% increase compared with the similar period of the previous year,…
The Seventh Doors and Windows Technology International Exhibition will be held in Tehran on January 22-25. The event is aimed at introducing the capacities of domestic industries, promoting…
Austria's KTM, famous for its high-performance motorcycles, has announced plans to enter the Iranian market in the coming months. The announcement by the large group, which is part owned by…
The Renault-Nissan Alliance will launch more than 10 vehicles with autonomous drive technology in the next four years.
Volkswagen will unveil a battery-powered SUV at the Detroit auto show on Monday, according to company sources, part of a push into electric vehicles as it seeks to win back US buyers following its…
Iran is one of the oldest producers of footwear. Its leather shoes enjoy a fine reputation not only at home, but also abroad.
However, for almost a decade, the sector has spiraled downward…
Iran’s National Railway Company and German conglomerate Siemens transportation subsidiary, Siemens Mobility, have signed several memoranda of understanding in Tehran on Wednesday to develop Iran’s…
The current Iranian year (to end March 19, 2016) saw a 12% decline in the number of copies of books published in the country compared to that of last year, said the deputy culture minister for…
Tehran’s International Permanent Fairground will host the Eighth International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries on February 16-19.
Market experts have given varied reasons for the rise in Tehran Stock Exchange and the future trajectory of share prices.
Last week, equities extended their rally for the second week to a…
The Central Bank of Iran cannot tackle the problem of uncertified financial institutions single-handedly, Ahmad Hatami Yazd, former CEO of Bank Saderat said. He dismissed claims that the CBI is…
The long-awaited credit card scheme for purchasing domestic products at subsidized interest rates will be launched on Saturday, said the head of Central Bank of Iran IT Department, Nasser Hakimi…
Business Monitor International expects the lifting of international sanctions—which is due to occur early this year-- to result in the diversification of Iran's competitive landscape in…
Senior officials from Iran Urban Economics Scientific Association and the Monetary and Banking Research Institute, affiliated to the Central Bank of Iran agreed to conduct joint research…
Insurance firms paid a total of 475.6 billion rials ($15.9 million) for covering transport claims in the last fiscal year (ended March 20, 2015), marking a year-on-year growth of 87.17%. According…
Iran’s Sistan-Baluchestan Province and its Chabahar Port contribute to Afghanistan’s development and their potential should be fully tapped, said Afghan Chief Executive Officer Abdullah Abdullah…
An economic mission from Italy’s Friuli Venezia Giulia region is scheduled to visit Iran from January 9 to 13.
Friuli Venezia Giulia is one of the 20 regions of Italy and one of five…
Slovenia’s Economy Minister Zdravko Počivalšek is leaving for an official visit to Iran on Saturday, joined by a 46-strong business delegation, the Central European country’s national press agency…
Latest statistics on Iran-Turkey transactions show between March and December 21, bilateral trade stood at $8.9 billion, which indicate a 28.61% decline compared with the preceding year’s similar…
Forty companies applied to launch domestic airlines over the past 10 months, of which only four had the minimum required capital and were qualified by the Civil Aviation Organization of Iran, says…
Casio has unveiled a new Android Wear-powered smartwatch at Consumer Electronics Show (CES). Dubbed WSD-F10 Smart Outdoor Watch, the timepiece is water resistant up to 50 meters and is tested to…
