Economy

German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization.…

China, never the one to be left behind in technology trends, has unveiled a new tram which runs on ‘virtual tracks’ called Autonomous Rail Transit (ART).

The new hybrid tram/bus uses white…

CEO of Iran’s popular ride-hailing service Tap30 has accused the Iran Chamber of Guilds of delay in issuing of permits to the business in favor of other companies.

The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek to support…

Saman Bank is now able to transfer money to European banks without any hurdle, the bank’s website has announced.”According to agreements, money transfer for different purposes, including for…

The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be used as a solution…

The Financial Action Task Force–the global body that monitors money laundering worldwide–will have Iran on top of its mind when it convenes for its forthcoming plenary and working group meetings…

More than 2,860 tons of pineapple worth over 86 billion rials ($2.3 million) were imported in the first month of the current Iranian year (March 21-April 20), the Islamic Republic of Iran Customs…

Iranian traders have exported four food shipments to Qatar via an Iran Air cargo Boeing 747, after Saudi Arabia, the UAE, Egypt and Bahrain boycotted Doha, a spokesman for the Iranian flag carrier…

Production of packaging papers (liner and floating papers) grew by 21% in the last Iranian year (March 2016-17) as their imports saw a 40% decline compared with the year before, Parvin Nabati, an…

Some $1 billion worth of commodities were exported from the Persian Gulf Mining and Metal Industries Special Economic Zone in the Iranian year to March 2017, indicating a 20% rise compared with…

Iran’s Jam Industrial Group and South Korea’s New Millennium signed a joint venture memorandum of understanding in Tehran on Saturday worth $1 billion to build cable cars in Iran.

Western manufacturers are shying away from supplying equipment for an Iranian port that India is developing due to the uncertainty over US policy vis-a-vis Iran, Indian officials say, dealing a…

Tehran Stock Exchange’s main index TEDPIX notched up 3.90 points or 0.12% to close Monday trade at 3,163.8.

Over 2.3 billion shares valued at $173.2 million were traded, with the number of…

The Indian government approved on Thursday a memorandum of understanding signed by Iran’s Securities and Exchange Organization and Securities and Exchange Board of India back in November.

Iran’s capital market witnessed the underwriting of its first investment fund with Bahar Azadi Gold Coin as its underlying asset on Saturday. Offered by Lotus Investment Fund, Lotus Gold Fund’s…

Sources familiar with the workings of Iran Khodro Group say the company is about to start presale of the long-awaited Peugeot 2008 crossover model.

Private carmakers barely account for 11% of the local auto manufacturing industry, local auto production data indicate.

New-car registrations in Russia increased 15% in May, the third consecutive month of higher sales after years of poor sales due to US and EU sanctions.

Registrations rose to 124,990…

Heavy goods vehicles producer Iran Khodro Diesel Co (IKD), a subsidiary of IKCO, the biggest auto producer in the country, has appointed Alireza Saji as its new chief executive officer. Saji…

Iran Aseman Airlines signed a final contract with the American planemaker Boeing in Tehran on Saturday to purchase 30 B737-Max passenger jets worth $3 billion based on catalog prices with the…

A Swiss couple Magdalena and Benedikt, traveling across Europe and West Asia, are attempting to demonstrate that electric cars are a viable alternative to gasoline-fuelled vehicles.

Three ministries have been added to the list of official entities mandated to freely provide financial data to businesses and citizens alike, as part of the Freedom of Information Access platform…

Tose’e Ta’avon Bank (Cooperative Development Bank) is set to allocate 42 trillion rials ($1.12 billion) in loans to the cooperatives sector, the bank’s CEO announced.”Fifty trillion rials ($1.33…

Recent measures taken by the administration of President Hassan Rouhani to thicken the capital cushion of state-owned banks have reduced the deposit risk of the housing sector’s agent bank, a…