Economy

A London hospital is using VR to make medical testing more comfortable for children.

King’s College Hospital teamed with the Google Play Specialist team to create an app that—when worn…

Samsung had a lifetime's worth of battery woes in 2016. Seeking to ensure it doesn't endure a repeat crisis in 2017 the company is looking to a variety of battery manufacturers to provide parts…

An estimated 30 million SIM cards are in the process of being disconnected according to a deputy from the Telecoms Ministry, ICTNA reported on February 18.

Each year 12.5 million cell phones are brought into Iran illegally depriving  government coffers $350 million in tax revenues, says a business official.

In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran's deputy…

Tejarat Bank is looking to the UAE and China as the next target markets to expand its operations, announced the bank’s director for international affairs.

Ali Mehrpour also detailed the…

The Personal Injury Indemnity Fund is offering a series of incentives to encourage some 10 million uninsured motorcyclists in the country to acquire an insurance policy as part of a larger scheme…

A member of Majlis Economic Commission has criticized the poor execution of a Central Bank of Iran directive by the banking network. Rahim Zare’ added that even though the directive, which ensures…

Insurance industry’s total premium income during the nine months to December 20 amounted to 200 trillion rials ($5.24 billion), registering a 21.33% growth compared with the same period of last…

With all the expectations that Russian businesses had about Iran after the lifting of American sanctions, the 60% growth in Russia-Iran trade from $1.2 billion in 2015 to almost $2 billion in 2016…

Iran’s budget deficit for the three quarters of the current fiscal year (March 20-December 20, 2016) amounted to 268.9 trillion rials ($7 billion), according to the latest data released by the…

Depressed domestic prices for longs and poor demand in the Iranian market are forcing local steel producers to adjust to severe conditions.

While some of them, who have already succeeded in…

Iran Mercantile Exchange is planning to start bitumen exports to India, chief executive of the commodity exchange, Hamed Soltani-Nejad, announced.  

Iran’s trade deficit in the agriculture sector during the 10 months to January 19, 2017, narrowed by $308 million over last year’s corresponding period to stand at $2.47 billion.

Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says India’s investment information and credit rating agency ICRA in its latest update on…

The Central Securities Depository of Iran has announced the Iranian equity markets’ largest companies in terms of the number of shareholders by January 19. At Tehran Stock Exchange, the top three…

Tehran Stock Exchange’s main index gained 409.40 points or 0.53% to end Saturday trade at 77,599.1.

About 975 million shares valued at $86.3 million changed hands for the day.

Pars…

The stock market was quite eventful during the Iranian month of Bahman (January 20-February 18).

Several banks, which were barred from trading, returned to Tehran Stock Exchange, the…

Iranian importers who sold American made and assembled vehicles have called on the owners to return the vehicles to the authorities.

Mitsubishi’s FUSO Truck and Bus Corporation is set to expand its market share in Iran through a local representative called Mayan Group.

Mayan will import medium and heavy duty FUSO trucks…

PSA Group’s announcement this week that they are looking to purchase the Opel/Vauxhall brands from General Motors is hardly surprising to many who know the European car market and its flagging…

India’s Tata Motors reported a 96% fall in net profit for its third quarter, citing sharply lower earnings at its British luxury carmaker Jaguar Land Rover and losses in its domestic business.

Seven Iran-made cars have failed to pass the water-leak test conducted by Iran’s Standards and Quality Inspection Organization (ISQI).

A report released by the ISQI says five of the cars…

Iran Khodro is eyeing Persian Gulf and littoral states for further trade. According to the local automotive website, Persian Khodro, the company is set to export cars from its city Semnan…

Holdings account for close to 25% of the value of Iran’s capital market, according to Deputy Minister of Industries, Mining and Trade Mohammad Reza Fayyaz.