Economy

President Hassan Rouhani’s government has issued a call requiring local automakers to contribute to modernizing the transportation fleet.

According to the mandate all new locally…

Mercedes-Benz sales in China jumped 32% year on year to 48,588 vehicles in July as the German luxury brand enjoyed strong demand for its long-wheelbase E-class sedan.

Latest data shows production of city buses is decreasing significantly as several production lines have stopped dead in their tracks. According to the report released by the Ministry of Industry…

Sapra Motor, a domestic car dealership, has received official permit from the Ministry of Industries to represent Opel in Iran.

The company has imported several units of Opel cars and is…

Toyota, Intel, Ericsson, with friends, have formed a new “Automotive Edge Computing Consortium” to “develop an ecosystem for connected cars to support emerging services such as intelligent…

Iran National Tax Administration earned 121 trillion rials (over $3.17 billion) from value added tax levied on fuel, vehicle registration, ownership transfer and import duties during the first…

President Hassan Rouhani’s two major picks to navigate the economy for the next four years had a hectic time hobnobbing with private sector leaders to develop an early cordiality.

The Ministry of Roads and Urban Development is devising an overarching plan to improve the quality of buildings and residential units nationwide, a senior official with the ministry announced.…

In the first quarter of the current Iranian year (started March 21), the total amount of three state-owned commercial banks' arrears to the Central Bank of Iran stood at 85.3 trillion rials ($2.…

Bank Melli Iran has divested affiliated companies worth 9.746 trillion rials ($255.7 million) in the previous fiscal year (ended March 20, 2017), registering a 140% growth year-on-year, the bank…

It has been a good year for Iranian dates. So say the statistics.

Dates production reached 1.2 million tons in the Iranian year ending March 2017, making Iran the second largest…

Tehran Stock Exchange’s main index lost 101.60 points or 0.12% to end Sunday trade at 81,661.5.

About 529 million shares valued at $29.53 million changed hands for the day.

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Iran Central Iron Ore Company exported 50,000 tons of iron ore concentrate to India in July, according to the head of international relations of Iron Ore Producers & Exporters Association of…

Booms and busts are inevitable in every sector. Most industries cannot imagine the fall when they are flying or envision prospering when they are down.

An Omani trade delegation has concluded a visit to Iran, the Omani newspaper Times of Oman reported on Saturday without mentioning the exact date of the visit.

The visit, which was…

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei says he will continue to press for the elimination of absolute poverty if he remains in office for the next four years.

“One…

Trade with Italy is being restored slower than expected following the removal of international sanctions against Iran over its nuclear program, reads an opinion piece written by Iranian co-chair…

More than 3 million tons of transit cargo was transported in Iran during the first four months of the current Iranian year (March 21-July 22), registering a 15.3% rise compared with the similar…

A joint business conference between Iranian and Iraqi officials and businessmen is scheduled to be held in Iran’s International Conference Center in Tehran from October 15 to 16. The event is…

The number of posts published on Telegram channels by Iranian users has surpassed 1.1 billion. Cyberspace Research Center of Shahid Beheshti University has announced that more than 555,000…

The Nanotechnology Technical Standards Committee (NTSC), which works under the auspices of the Science Ministry, has proposed 62 national standards in the field of nanotechnology.

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Researchers at the University of Washington have been able to successfully infect a computer with malware coded into a strand of DNA.

In order to see if a computer could be compromised…

For decades university degrees and higher education were recognized as the way to a more prosperous future.

After all, university graduates, on average, earn several times more than…

The total amount of loans allocated by the Export Development Bank of Iran—the country’s Exim bank—in the last two years has almost doubled, the director of EDBI’s Marketing Department announced…

Shockwaves from the recent US-North Korea crisis have heated the international gold market and investors rushed toward safe-haven assets with the knock-on effect being felt in Tehran's market,…