Economy

Internet search giant Google has launched a new venture capital program focused solely on artificial intelligence in a bid to boost the fledgling industry and back some future key players. …

The Sri Lanka government and Iran’s envoy to that country signed two memoranda of understanding to boost mutual cooperation in the fields of science and technology.

The two sides are in…

Dubai Police Department has launched a new mobile robotic police constable to help people with their queries in a bid to boost security presence in the country.

The first robot –…

Iran has launched a new telecommunications center in the southern city of Ahvaz, Khuzestan Province with an initial investment of 67 billion rials ($1.8 million).

According to local…

A member of the Expediency Council, which resolves disputes between the parliament and the constitutional watchdog Guardians Council, has joined a string of officials and observers in calling for…

The process of banks getting rid of their excess assets is gathering pace with Bank Refah Kargaran becoming the latest lender to auction its assets through the Company for Selling Banks' Excess…

The 8% growth target set in the sixth five-year development plan (2017-22) is a tall order for the country, a faculty member of Tehran's Allameh Tabatabai University said in a recent conference…

Emami gold coin dropped below 12 million rials ($320) by May 24 to set a two-week low record until Saturday when it regained 50,000 rials to reverse the bearish trend.  

The value of…

Bank Melli Iran is planning to overhaul its European branches after clearing the procedures both inside the country and abroad, the director of BMI's Department for Foreign Exchange said.

Annual production of gold in Iran has declined by two-thirds from 180 tons in the fiscal 2011-12 to 60 tons in 2016-17, mostly due to the 9% value added tax imposed on gold and jewelry sales and a…

As meat products have a special place in the basket of food products consumed by Iranian households, the domestic industry has been working hard to keep pace with demand.

So much so that…

Boeing’s planned multibillion-dollar aircraft sales to Iran are facing a growing backlash from Republicans in Washington, but one key politician has stayed silent: Donald Trump.

Tehran Stock Exchange’s main index lost 225 points or 0.28% to end Saturday trade at 80,921.2.

More than 567 million shares valued at $38.12 million changed hands for the day.

Sina…

More than 21,500 tons of watermelon worth 134.5 billion rials (about $3.6 million) were exported from Iran in the last fiscal year (ended March 20, 2017), registering a decline of 96% and 97% in…

More than 14,880 tons of goods were loaded and unloaded at Abadan Port in the southwestern Khuzestan Province in the last Iranian year (March 2016-17), registering a 3.4% rise compared to the…

Iran’s non-oil exports to Taiwan saw a 206% hike in the last fiscal year (March 2016-17) compared with the year before to stand at $551 million. The East Asian country became Iran’s 10th biggest…

As many as 649 Iranian expatriate scientists have returned to the country and carried on with their studies and careers over the past two years, said Ali Morteza Birang, an official with the…

The two-year-old law requiring economic entities affiliated to non-departmental public bodies to make their financial statements transparent will be put into effect in the current Iranian month (…

The Economy Ministry has predicted that the average inflation rate in the rolling year to the end of the current Iranian month (June 21) will rise above 10%.

This will follow 11…

Electric cars will soon be cheaper to buy than conventional gasoline models, offering immediate savings to drivers, new research shows.

Automakers from Renault to Tesla have long touted the…

Mercedes-Benz's ultra luxurious Maybach brand is back after several years of hiatus following the German carmaker's decision to restart production of the S500 and A600 models in 2015.

The…

 Uncorroborated reports circulating on social media about "the possible departure of Peugeot from Iran" due to “pressures imposed by the US government on the French firm,” disrupted Tehran’s…

A local company importing BMW cars has received permits to bring in a new sedan, the BMW 530i, the latest of the luxury brand to enter the country in recent months.

Traffic Police has rewritten the rules for issuing new driving licenses for light motor vehicles, and the directive will be issued to driving schools in the near future.

The new bylaw will…

A court in Venice will hear a class action suit filed in Italy for damages against Volkswagen Group over its diesel-emissions cheating, an Italian consumer group said.

Consumer group…