Economy

Tehran Stock Exchange’s main index added 268.30 points or 0.34% to end Wednesday trade at 80,127.1.

More than 1.72 billion shares valued at $84.73 million changed hands for the day.

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Ancient Persians would have cheered the commissioning by Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev in March of a new railroad connecting their countries.

The…

One of the most popular low-cost ride hailing apps in Iran, Tap30, has offering services in the northeastern shrine city of Mashhad, capital of Khorasan Razavi Province, following a successful…

Smartphone integration in cars -- specifically Android Auto and Apple CarPlay -- is finally past the tipping point of revolutionizing the in-car experience.

Denmark’s Saxo Bank co-founder Lars Seier Christensen agreed to sell his 26% stake in the bank to a subsidiary of Chinese automaker Zhejiang Geely Holding Group.

The investment marks Geely’…

Iran Khodro Industrial Group, Iran's largest automaker, will produce several new models with the help of major local and foreign partners, including Pininfarina, Mahle, Hyundai…

Tehran Stock Exchange’s main index added 114.70 points or 0.14% to end Tuesday trade at 79,858.8. More than 2 billion shares valued at $103.6 million changed hands for the day.

Shirin…

Daryl Oster, CEO of tube transport ET3 Global Alliance said his system has attracted competition in the next generation transportation field from companies like Elon Musk’s Hyperloop system. Oster…

The Central Bank of Iran will firmly confront unruly lenders, the head of CBI’s Department for Supervision said. Stressing the necessity of monitoring banks violating CBI’s policy regarding…

Trucks are not the only form of transport heading towards artificial intelligence. Norway is now reportedly experimenting with a new way to transport goods by autonomous electric ships. The…

Telecommunication Company of Iran (TCI) has joined hands with three foreign firms — Huawei and Fiber Home from China and Finland’s Nokia — to expand its fiber optic network and…

Although Iranian steelmakers are expanding capacity every year, production is not keeping pace.

Chinese smartphone maker Oukitel is releasing a new smartphone with a 10,000mAh battery which is likely to last days without needing to be charged. Called the K10000, it is set to be released…

Microsoft’s artificial intelligence personal assistant called Cortana is heading to a high-quality speaker produced by Harmon Kardon, according to a new listing on the firm’s website.

Chinese smartphone producer Huawei has joined hands with Iran’s first (and still largest) general e-retailer platform, Digikala and is offering special sales packages for its latest flagship…

The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head of Iran’s Monetary…

After the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers), the number of Iranian banks’ correspondent relations with foreign…

The Central Bank of Iran's governor mounted a strong defenseof the four-year performance of his bank as an extension of the economic policies of President Hassan Rouhani who seeks reelection on…

Some 3,210 tons of horticultural products worth 415.95 billion rials (close to $11.1 million) were damaged by hail and gale storms as well as a sudden fall in temperature that hit Markazi Province…

Iran-Austria trade stood at $377 million in 2016, but it will soon increase to reach the highs before international sanctions hit the Islamic Republic.

This optimistic note was sounded by…

Tehran Chamber of Commerce, Industries, Mines and Agriculture launched an arbitration center on Sunday where merchants, economic players, producers and business people can settle their disputes…

Iran is in the midst of an intense presidential election campaign with six candidates pledging how they would address the country’s economic issues through their respective policies.

Yazdan Seif, former managing director of Agricultural Support Services Company, was appointed on Tuesday as the new head of Government Trading Corporation to replace deputy agriculture minister,…

The Islamic Republic of Iran Customs Administration has banned the import of scrap metals from Iraq and Afghanistan following a request from the Trade Promotion Organization of Iran.