Economy

The second most popular low-cost ride-hailing app in Iran, Tap30, has been shut down in the shrine city of Mashhad by the city’s Taxi Guild.

Head of the guild Mahdi Alavi said, “The…

Researchers at Royan Institute have taken a step towards stem cell treatment of hair loss through laboratory studies on rats.

Dermal papillas are small ridges at the surface of the skin,…

The government plans to allocate 200 trillion rials ($5.3 billion) to prop up 10,000 enterprises in the current Fiscal year (March 2017-18), the chairman of Iran’s Small Industries and…

Banking hurdles have not hindered the agreements for the sale of new ATR aircraft to Iran, the chief financial officer of the French-Italian planemaker said.

“What is being said about…

The bylaw on insurance corporate governance was approved during the latest meeting of High Council of Insurance, the head of Central Insurance of Iran announced.

The CEO of Export Guarantee Fund of Iran, Kamal Seyed Ali, and Dusan Keketi, the head of Slovakia’s EXIMBANKA SR, signed a banking and insurance agreement on the sidelines of Berne…

Chief executives of state-run banks have pledged their support for President Hassan Rouhani and his economic vision for the country, as he is basking in a landslide reelection victory on May 19.…

 Shrimp production is estimated to increase by 43% to reach more than 30,000 tons in the current Iranian year (started March 21), the secretary-general of Seafood Exporters Union said.

Minister of Economic Affairs and Finance Ali Tayyebnia said the least damaging way of financing government expenditure is taxation.

For the first time, Iran exported 200,000 tons of wheat flour in the last three months to regional countries and Europe, Deputy Agriculture Minister Ali Akbar Mehrfard was quoted as saying by Mehr…

Iran Airports Company registered 42,230 takeoffs and landings in the first month of the current Iranian year (March 21-April 20), which shows a 10% rise compared with the similar period of the…

Trade between Iran and Austria stood at more than €377 million in 2016, indicating a 42.7% increase compared with 2015, Tehran Chamber of Commerce, Industries, Mines and Agriculture reported,…

The price of billet imports into the UAE increased this week due to high offers from Iran. Iran offered billet to the southern Persian Gulf state at $400-410 per ton CFR. Unconfirmed offers at $…

One of the biggest criticisms of basic income, a system of giving people modest salaries just for being alive, is that it discourages people from working.

A new report on an ongoing cash-…

Iranian steel mills produced 6.369 million tons of crude steel in the first four months of 2017, registering a 14.3% growth year-on-year, the latest report released by World Steel Association said…

As Tehran is hosting the second edition of Germany’s specialized exhibition for machine tools and metalworking sector known as “AMB Iran 2017”, Germany’s public international broadcaster Deutsche…

Tehran Stock Exchange’s main index gained 26.60 points or 0.03% to end Tuesday trade at 77,001.1.

About 743 million shares valued at $69.2 million changed hands for the day.

Silica…

It is unlikely that Iran will reduce its crude oil output but will go along with an OPEC decision to extend supply cuts to help boost prices, Oil Minister Bijan Namdar Zanganeh said.

"Iran…

Chinese automaker Geely Holding has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, beating out rival bidder French PSA Group.

Geely Holding, which controls Geely…

The Fourth Alborz Motor Show is scheduled for July 4-7 in Karaj, west Tehran, according a press release from the organizers.

The exhibition is supported by the Ministry of Industries,…

Volkswagen Group and JAC Motor have received approval from Chinese regulators to form a joint venture for electric vehicles, the two automakers said on Monday.

Iran’s largest auto producer Iran Khodro has launched a new version of its Diesel Tunland off-road pickup truck this week with improved technology, according to the IKCO press website.

…

Saman Bank, a leading private Iranian lender, Wednesday announced that it has launched a representative office in Rome.

The lender aims to promote investment…

Bank Maskan has joined the ranks of top international lenders by boosting its capital adequacy ratio significantly, announced the director of the bank's Department of Planning.

The Central Bank of Iran has called on banks and credit institutions to cease any involvement in investment funds as well as the purchase of any kind of securities and bonds, which the regulator…