Economy

Head of Iran Road Maintenance and Transportation Organization says that ride-hailing services will not be allowed to offer intercity services. Davood Keshavarzian is of the opinion that allowing…

General Motors has been granted a US patent for an exterior airbag designed to protect pedestrians during a crash.

The airbag pops out of the A-pillar and covers the windshield. It is…

China suspended the production of 553 passenger vehicle models that have failed to meet the government’s fuel consumption standards.

The suspension took effect on Jan. 1. The models…

The recent 200,000-rial ($4.66) increase in the rate of Bahar Azadi gold coin and the 30,000-rial ($7) rise in gold prices have followed the $28 hike for each ounce of gold in the world market,…

Majlis Research Center has forecast that the government will meet its import tax revenue target set in the 2018-19 budget, while predicting a higher foreign exchange rate and a significant…

The Export Development Bank of Iran has devised a package of incentives to support major exporters, entrepreneurs and manufacturers, the bank’s director for branch affairs and marketing…

The High Council of Free Trade Zones has announced that a draft version of regulations for the operation of international financial institutions (IFIs) in the zones has been devised and is…

Some 830,000 people are expected to enter Iran’s labor market in the next fiscal year (March 2018-19), 70% of whom will be university graduates, Government Spokesman Mohammad Baqer Nobakht said…

The bigger they are, the harder they fall.

Tehran Stock Exchange’s recent wild rush was bound to crash eventually, and new market-changing regulations coupled with protests over price…

Shahram Adamnejad has been appointed as the CEO of Imam Khomeini International Airport City Company by Roads Minister Abbas Akhoundi.

The minister assigned the new CEO to take action for…

The improved performance of Iran’s automotive industry this year, spurred by the removal of international sanctions in early 2016, had a positive effect on flat steel use and spiked consumption…

Tehran Stock Exchange’s main index lost 1,649.82 points or 1.7% to end Sunday trade at 95,561.6.

About 1.9 billion shares valued at $110.65 million changed hands at TSE for the day.

The new shipping route launched between Iran’s Khorramshahr Port and Oman’s Sohar Port on Saturday is expected to increase bilateral trade to $5 billion in the next four years, the chairman of…

About $580 million worth of foreign direct investments have been made in Khorasan Razavi Province since the beginning of the current Iranian year (March 21).

According to Khorasan Razavi…

More than 1.15 million tons of goods worth $905 million were exported from East Azarbaijan Province during the first nine months of the current Iranian year (started March 21) to register a 28%…

Majlis Joint Commission approved the outlines of the budget bill for the next fiscal year (March 2018-19) on Sunday and will weigh the details of the bill in the coming weeks, the spokesman of…

The Japanese government started Official Development Assistance (ODA) activity in Iran in 1957 and Japan International Cooperation Agency (JICA) affiliated to the government of Japan officially…

China’s Huawei on Friday flagged overall and smartphone revenue figures for 2017 that represented its slowest growth in four years, and vowed to extend its global reach with more premium…

Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show…

Prosecutors asked a South Korean court to extend the prison term for Samsung Electronics heir-apparent Jay Y. Lee to 12 years, in an appeal of his five-year sentence for allegedly bribing his…

Tehran Municipality has published a database of safe urban areas on its website. Each of the sprawling capital’s 22 districts have a separate section on the website. By clicking on each area a…

With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.

The Central Bank of Iran's governor, in his first public comments on Bitcoin, has urged Iranian investors to exercise caution in trading the popular cryptocurrency.

"CBI is also striving…

The funds attracted from the Eximbank of Russia will be mainly used for implementing infrastructure projects and not importing consumer goods, the director of the Organization for Investment,…

The newly-purchased ATRs by Iran Air, the country’s national carrier, have been covered by Iran Insurance Company, the company’s deputy for ships, aircraft and cargo insurance announced.