Economy

Rolls-Royce has unveiled its first driverless vehicle, a concept car that promises to help its owner announce their importance to the world.

The Vision Next 100 is an autonomous vehicle…

An Iranian carmaker has called for expansion of trilateral ties with Turkish and Azerbaijani carmakers.

In an interview with Trend News Agency, the vice chairman of the board of directors…

Modiran Vehicle Manufacturing Company has unveiled its latest model in Kerman. The Chery Arrizo 5 was unveiled in Kerman’s Faiton Shopping Center Last week, the local automotive website Carnet…

Sugar production exceeded 1.5 million tons in the last Iranian year (March 2015-16), the head of Iran Sugar Association said.

“Sugar and sugar cubes have had the least price fluctuations…

The 5,100-TEU Iranian container ship docked at a quay in South Korea’s western port city of Incheon on June 15, 2016.

In a bid to develop railroad and other infrastructure at Chabahar Port, Indian steel companies will export rails worth $150 million to Iran in July.

The chief US agency in charge of implementing sanctions has added staff to help speed up processing applications from businesses hoping to trade with Iran, a US Treasury official said on Thursday…

Stocks sped up their descent in their third week of back-to-back losses in Tehran this week.

Both Tehran Stock Exchange and Iran Fara Bourse dropped, as fears about economic recovery were…

Heralding the arrival of new financial instruments for the stagnant housing sector, a deputy minister of roads and urban development said the new instruments were proposed by his ministry and are…

The International Court of Justice acknowledged it received a complaint from Iran, suing the United States over its decision to give the alleged victims of terrorist attacks blamed on Iran the…

Optimal allocation of bank credits, namely to the struggling SMEs, is important to get out of the recession, said the Governor of the Central Bank of Iran, Valiollah Seif.  

This week was awash with reports on interest rates being lowered by private banks. But unlike in the past, it seems the Money and Credit Council–the powerful monetary authority – has decided to…

Members of the Eurasian Economic Union will hold expert-level talks on creating a free trade zone with Iran at the end of June, Russia’s first deputy economic development minister said. “The talks…

Iran and Russia surveyed ways of accelerating bilateral economic cooperation in a meeting on Thursday focused on Iran’s return to the global economy following the lifting of western sanctions.…

Iran exported 12,590 tons of pistachios worth $119.23 million during the first two months of the current Iranian year (March 20-May 20, 2016), the Islamic Republic of Iran Customs Administration…

Turkey aims to triple trade with Iran to $30 billion as quickly as possible after the lifting of economic sanctions made banking transactions with the country easier, Turkish Customs and Trade…

China’s National People’s Congress Secretary-General Wang Zhan said his country is eager to cooperate in developing the third phase of Pardis Technology Park.

Speaking during a visit to…

Chinese e-commerce giant Alibaba Group Holding Ltd. is aiming to double its annual transactions to over $1 trillion within four years, the firm’s chief executive said on Wednesday. “What I can…

LG has launched a new range of smartphones in its X series, with all four of them being aimed squarely at the midrange market.

The devices called the X Power, X Mach, X Style and X Max will…

Swedish mobile telecom gear maker Ericsson is being investigated by US authorities over possible corruption related to its business in China.

The ground-breaking detection of gravitational waves, ripples in space and time postulated by Albert Einstein 100 years ago, which was announced in February, was no fluke.

Scientists said…

Iran plans to set up a financial center in the Qeshm Free Zone as it seeks to attract overseas financial institutions to the market of 80 million people.

Bank Pasargad has been named the most “efficient” bank for the fifth consecutive year. Established in 2005 as part of the government’s privatization of the banking system, it received the seventh…

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks…

A memorandum of understanding on electronic trade and joint investments in hypermarkets and small chain stores was signed between South Korea’s largest retailer Emart and Iran’s Refah Chain Stores…