Economy

German Chancellor Angela Merkel told automakers that they should soon be able to test self-driving vehicles on the country's roads by promising to remove legal barriers.

Uber Technologies Inc. on Tuesday released its first-ever transparency report detailing the information requested by not only US law-enforcement agencies, but also by that country's regulators.

Mercedes-Benz boosted sales twice as fast as BMW in the first quarter of 2016, moving the brand closer to grabbing the lead in the world's luxury-car market for the first time in a decade.

Following the latest auto contracts signed, 2,000 jobs will be created in East Azarbaijan province, said a deputy of the province's Industries, Mining and Trade Organization.

Jaguar will step up its challenge to Audi, BMW and Mercedes-Benz in China with the XFL, an extended wheelbase version of its XF large sedan.

Parsian Bank is working on “Parsi Card” a newly-developed international credit card, which would be offered to customers for overseas transactions said Kourosh Parvizian, the bank’s CEO.

Iran’s Saman Bank has established custodian services to help investors go through the process without worrying about the protection and management of their capital.

British banks remain reluctant to finance trade with Iran, fearing they could still be targeted by existing US sanctions that are impeding Tehran's reentry into markets after years of isolation,…

Bank Austria has signed a cooperation agreement with an Iranian bank while launching its business with the Islamic Republic , said Naser Riahi, a member of Tehran Chamber of Commerce, Industry and…

Three state-owned banks, Bank Melli Iran, Bank Sepah and Bank Keshavarzi have gained parliament approval for increasing their capital by 50 trillion rials ($1.65 billion).  The capital…

Italy announced 8.8 billion euros ($10.05 billion) in credit and financial guarantees to re-launch exports to Iran, the Italian export agency said on Tuesday.

Iran has been a producer of colored pencils for over four decades. Since 2011, however, domestic markets have lost ground to foreign imports.

The new Iranian year started on March 20 with much promise for the country’s mining and base metals sectors, evident from their solid performance at Tehran Stock Exchange as they have been among…

The High-Speed Rail Technology in Iran Conference will be held in Tehran on May 17, in cooperation with Japan. The event is organized by Japan Engineers Federation and the Islamic Republic of Iran…

Warning the parliament against a new bill to increase tariffs and duties on cigarettes, chairman of the Association of Producers, Importers and Exporters of Tobacco Products, Mohammad Reza Tajdar…

Improving the business environment, paving the way for domestic and foreign investors and bolstering non-oil exports are the main demands of the private sector from the government in the current…

Iran’s greenhouse area will increase fivefold by the end of the Vision Plan in 2025, says an official with the Ministry of Agriculture.  “Figures on Iran’s greenhouses in the last Iranian…

Customs clearance formalities now take three days, down from the previous 26 days, which has reduced costs by 280,000 billion rials (around $8 billion at market exchange rate), IRNA quoted Masoud…

American planemaker Boeing discussed jetliner sales and maintenance services with seven Iranian airlines during a two-day visit to Tehran, according to the secretary of the Association of Iranian…

Iran has been a major importer of Indian rice during the past few years and imports have continued, even though the product revealed relatively high levels of arsenic contamination.

As many as 20,000 manufacturers of luxury furniture are active in Iran, the head of Tehran Carpenters and Furniture Producers Union said.

“Despite this, Iran’s furniture industry has a poor…

Iran's Minister of Communications and Information Technology Mahmoud Vaezi met with Estonian Foreign Minister Marina Kaljurand on Monday.

Vaezi said Tehran is willing to increase…

Iran's Vice President for Science and Technology Sorena Sattari and Kazakhstan's Minister of Investment and Development Asset Issekeshev signed memorandums of understanding in the fields of…

Kazakhstan’s Committee for Communication, Informatization and Information has blocked the Tumblr microblogging platform on charges of promoting terrorism and religious extremism as well as porn.…

Leading British online fashion retailer ASOS (As Seen on Screen) met forecasts with an 18% rise in first-half profit and said it was on track to achieve its sales and margin guidance for the full…