Economy

Iran Khodro has said it will ‘start test production’ of Peugeot 301 in the coming week.

According to the Persian-language newspaper Donya-e-Eqtesad, IKCO will launch mass production of…

Toyota’s surprise plan to build a US factory with Mazda meets several challenges for Japan’s biggest automaker but increases risk for a company mostly known for being careful.

Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.

The No. 3 OPEC…

Accepting promissory notes as non-cash collaterals for foreign exchange loans by banks is permitted, if all the other relating criteria and regulations are adhered to, the Central Bank of Iran…

The head of the private sector's main entity lambasted the prevailing corruption and rent-seeking in the country's economic sphere, saying they are the main obstacles to transparency and a level…

Lower bank interest rates, which cause more capital to flow toward other sectors including the housing sector, will prove instrumental in triggering a boom in the sector, a board member of…

The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the director of the…

Iran's sovereign wealth fund has allocated $36 billion in foreign exchange loans to bankroll the country’s national projects in the past six years ending Sept. 22.

According to NDFI’s…

Foreign investment in Iran has seen a tenfold increase following the 2015 nuclear deal reached between Iran and six world powers, the government spokesman said.

Addressing a news…

Close to 15,000 tons of butter worth close to 2.34 trillion rials ($72 million) were imported into Iran during the five months to Aug. 22, figures released by the Islamic Republic of Iran…

Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, produced 34,364 tons of phosphate during the first seven months of the current fiscal year (March 21-Oct. 22…

A total of 5.4 million tons of cargo has transited through Iran during the first seven months of the current fiscal year (March 21-Oct. 22), an official with the Ministry of Roads and Urban…

Media Pardazesh, a local tech firm, has announced it has brought Apple’s new iPhone X (known as iPhone 10) legally into the local market.

Handsets are offered via Digikala, Iran’s…

Alibaba, the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest…

Taxi-hailing app firm Uber has lost an appeal against a ruling that its drivers should be treated as workers rather than self-employed.

Last year a tribunal in the UK ruled drivers James…

Unwanted text message advertisements have always been a nuisance for cell phone users in Iran. The Communications Regulatory Authority has created a system through which subscribers can register…

Tehran Stock Exchange’s main index shed 50.40 points or 0.06% to end Sunday trade at 87,744.8.

About 516 million shares valued at $32.55 million changed hands on Sunday.

Trading…

Bank Mellat plans to issue 18 trillion rials ($450 million) worth of certificates of deposit in the next five trading days. The CDs’ sale will begin on Monday and continue until Nov. 20, Bourse…

Tehran’s stone export consortiums have established permanent stone exhibitions in seven countries with the support of Tehran Industrial Parks Company, an official with the company said.

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The government’s calculations underestimated public expenditure in the Health Reform Plan, as it did not take into account budget constraints due to the decline in oil prices or changes in the…

National Industries and Mining Development Company’s 2.5-million-ton per year iron ore concentrate plant started its pilot production on Saturday. The plant, located in Sangan Mineral Zone, was…

Iran's crude oil prices continued to advance in the week to November 3, following the trail of international oil benchmarks which have rallied to their peak levels in more than two years.

More than 5,760 tons of sweet corn worth close to 200.68 billion rials ($6.15 million) were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), based on…

The import of cooking oil has been banned to support domestic production, an official with Iran's Food and Drug Administration announced.

Ali Akbar Dadmehr added that the ban does not…

An impeachment motion against Minister of Cooperatives, Labor and Social Welfare Ali Rabiei will be submitted to the parliament this week, a legislator said. "Fifty parliamentarians have signed…