Economy

Daimler said it has taken the first steps towards a new structure that could see its Mercedes Benz cars and vans and its Daimler Trucks divisions split off into separate entities.

Alphabet’s self driving car division Waymo has been testing its fleet of robot cars in four states across the US — Washington, California, Arizona, and Texas — and it has started to work with…

Iran exported $5.57 billion worth of petrochemical and polymer products in the first six months of the current fiscal year (March 21-Sept. 22), up $1.2 billion compared to the same period of…

With the allocation of $489,000, the Food and Agriculture Organization of the United Nations’ Technical Cooperation Division, under the auspices of the Ministry of Agriculture, has developed and…

Olive oil imports are estimated to reach 8,000 tons by the end of the current Iranian year (March 20, 2018), which will register an over 40% rise compared with those of last year, the head of…

Construction work on a segment of railroad project extended from Iran to Afghanistan in western Herat province will be completed within the next 10 days and then put into service, the Iranian…

A two-day business conference between Iranian and Iraqi officials and businessmen opened at Iran’s International Conference Center in Tehran on Sunday.

It is organized by the…

A delegation from the Associated Chambers of Commerce and Industry of India is scheduled to visit Iran on October 28 and take part in a joint forum to be held at Iran Chamber of Commerce,…

Economic relations between Iran and the UAE, long bound by common interests in trade, has been strained over what some business figures, including the head of Iran Export Confederation Mohammad…

Pressure from US President Donald Trump to withhold International Monetary Fund and World Bank resources from Iran will not sway the international organization to shift policy regarding…

The government’s  payment arrears to the country’s banking system in the month ending Aug. 22–which includes  dues to central bank, state-run commercial and specialized banks as well…

Minister of Economic Affairs and Finance Masoud Karbasian has separately met his counterparts from France, Denmark, India and Afghanistan as part of his trip to Washington, DC to attend the…

After months of following up the issue, Bank Melli Iran’s Paris branch has been connected to Target 2, the European interbank payment network, a board member of the bank said on Sunday.

Close to 10,190 tons of motor oil worth nearly 242 billion rials ($7.43 million) were exported from Iran to 18 countries during the five months to August 22, the Islamic Republic of Iran Customs…

Tehran, Mashhad, Isfahan, Karaj, Shiraz, Tabriz, Qom and Ahvaz are Iranian cities with a population of over one million people, the latest National Population and Housing Census carried out in…

Iran’s exports in food and processing industries witnessed a 9.3% and 23.4% rise in value and volume respectively.

These exports rose to 923,000 tons worth $1.4 billion during the six…

Esfahan Steel Company has posted strong growth in sales volume and value in the first half of the current fiscal year (March 21-Sept. 22), extending a continuously rising trend in its…

Tehran Stock Exchange’s main index gained 131.30 points or 0.15% to end Sunday trade at 85,394.9.

About 434 million shares valued at $27 million changed hands for the day.

…

Local startup, Komoda has unveiled an application which enables users to sell their secondhand clothes. Each user has an Instagram-like account on Komoda, on which they can upload pictures of…

Amazon has been selling Kindles for 10 years now, but “waterproof” hasn’t appeared on its list of incremental technological advancements until now. The company has announced a new version of its…

The US deputy attorney general says the use of “warrant-proof encryption” in popular apps and operating systems, is hampering law enforcement.

Several apps encrypt communications end-to-…

Iran’s second largest mobile operator MTN-Irancell over the weekend announced that it is set to develop eSIMs (embedded Subscriber Identity Module)

The project was announced during an…

The annual turnover of elevator industry in Iran stands at around 50 trillion rials ($1.25 billion), while it has the potential to rise to 200 trillion rials ($5 billion), the president of the…

Close to 31,620 tons of marble worth nearly 348.65 billion rials ($10.72 million) were exported from Iran during the five months to Aug. 22, based on data released by the Islamic Republic of…

With 7.3%, Markazi Province had the lowest unemployment rate in Iran during the first half of the current Iranian year (March 2017-18), an official with the central province’s Governor-General’s…