Iran Customs Administration (IRICA) has released the latest statistics on auto imports. According to the authority the sector observed a 62% year-on-year (y/y) increase during the first nine…

Hybrid cars don't need a traffic permit to enter restricted zones in Tehran as they produce little or no harmful emissions, said the head of the Executive Center of Tehran's Traffic Police.

Europe’s biggest carmakers are drawing on the full force of the continent’s industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and…

French carmaker PSA Group said global vehicle deliveries rose by 5.8% last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto market’s recovery…

The first joint venture car between Industrial Development & Renovation Organization of Iran (IDRO) and French automaker Renault will be manufactured in 2017, said Mansour Moazzami, head of…

Oil prices stabilized on Tuesday after a sharp selloff as a fall in the dollar triggered a bout of short-covering, but analysts said the market remained vulnerable to further falls.

Brent…

British Foreign Secretary Boris Johnson has claimed that the UK is “first in line” for a free trade deal with the US after the administration of Donald Trump takes office on 20 January…

US president-elect Donald Trump is finding himself caught between his desire to improve relations with Russia and fellow Republicans who are pushing for a harsher response to what American spy…

The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.…

The Coordination Council of Public-Sector Banks announced on Sunday it will waive late payment penalties for those who repay their loans by the end of the Iranian year on March 20.

The first deputy speaker of the Majlis called for better and more developed interactions between the parliament and the Central Bank of Iran, considering the importance of the bank’s operations…

The Central Bank of Iran has devised 54 projects and platforms as part of its 2021 Roadmap that outlines an innovative, flexible and strong future for the banking system, announced the bank’s…

The shock passing of Ayatollah Akbar Hashemi Rafsanjani on Monday prompted an outpouring of condolences from Iranian and foreign dignitaries who mused not just on the distinguished political…

Ayatollah Akbar Hashemi Rafsanjani’s economic beliefs were based on national development and prosperity, rather than liberalization and free-market economy, said the minister of roads and urban…

Close to 33,000 tons of agricultural products cultivated in greenhouses have been exported from the south of Kerman Province since the beginning of the current crop year (Sept. 22), said the head…

More than 500,000 tons of copper were transported via railroads of southern Hormozgan Province since the beginning of the current Iranian year (March 20, 2016), which shows a twofold increase…

Railroads of central Yazd Province account for 30% of Iran’s rail freight transport, the minister of roads and urban development said. Abbas Akhoundi added that the government is planning to…

Khorasan Razavi attracted $261 million worth of foreign investments in the past month, said the director general of the northeastern Iranian province’s Economic Affairs and Finance Organization. “…

More than 57.8 million tons of oil and non-oil products were loaded and unloaded at Shahid Rajaei Port, Iran’s largest port located in the southern Hormozgan Province, during the nine months to…

Some 20,000 industrial units have emerged from recession since the beginning of the current Iranian year (March 20, 2016), the deputy minister of industries, mining and trade said.

The Iranian Parliament approved on Monday macroeconomic targets set in the sixth five-year development plan (2016-21).

Out of the 210 parliamentarians present in the session, 148 MPs voted…

Close to 400 million tons were added to Iran’s proven reserves of iron ore over the past one year, following the discovery of new deposits in the east of the country, said the head of Iranian…

Miners have had a rocky Iranian year (started March 20, 2016) so far.

When UN sanctions on Iran were lifted in January 2016, so was the chokehold on foreign investment and international…

Iran’s import of steel products during the nine months to December 20 declined by 24% to stand at 2.3 million tons.

This is while crude steel imports stood at 179,000 tons, registering a…

Tehran Stock Exchange’s main index shed 223.89 points or 0.28% to end Monday trade at 78,609.50.

About 857 million shares valued at $49.1 million changed hands for the day.

Iran…