Economy

The new Fiat 500 has had an upgrade. The biggest updates that Fiat has grafted into its diminutive 500 hatchback are under the skin and inside its interior.

The hydrogen fuel cell-powered Toyota Mirai is the only zero emissions car one can buy that can go more than 480 km without refueling.

Success can breed jealousy, and unfortunately for Skoda, Volkswagen Group’s Czech subsidiary, business is booming. Meanwhile, Skoda’s far larger and better-known sibling, the VW brand, struggles…

Deputy Governor of the Central Bank of Iran Akbar Komijani has announced imminent changes in the makeup and decision-making process of the bank’s Fiqh (Jurisprudence) Council.

Noor credit institution received its operating permit from the Central Bank of Iran on Sunday, joining the list of financial institutions that are regulated. It was one of many lenders who refused…

The central bank will unify Iran's foreign exchange rate regime in five to six months after the nuclear deal, said the bank's governor on Sunday.

"The best time for unifying the foreign…

The Money and Credit Council has tightened supervision over credit institutions, which are mostly operating under permits obtained from non-regulatory bodies.

The value of non-oil trade between Iran and the United Arab Emirates reached $17 billion in 2014, making Iran Dubai’s fourth trading partner, according to sources at the UAE Ministry of Finance…

More than 386,000 tons of goods worth $139.2 million were exported via the southeastern Sistan-Baluchestan Province in the first quarter of the current Iranian year (started March 21), showing a…

Watermelon exports fell 40% in the first quarter of the current Iranian Year (started March 21), according to statistics released by Islamic Republic of Iran Customs Administration.

Infrastructure project financing in Iran will considerably benefit from the lifting of western sanctions imposed against Iran over its nuclear energy program, should a final agreement be…

In a meeting between deputy minister of industries, mining and trade and head of Trade Promotion Organization of Iran, Valiollah Afkhamirad, and the Eurasian Economic Union’s minister in charge of…

Recycling has been a common practice for most of the human history. But the importance of recycling has become more evident over the past century with the growth in population which has raised…

Achieving an annual production capacity of 40 million tons of crude steel, 1.5 million tons of aluminum and 1.5 million tons of copper is among top priorities in the industrial and mining sectors…

After Tehran Stock Exchange’s main index recorded a new high on Saturday, the TEDPIX retreated 80.7 points or 0.12 percent to end at 65,780.1 on Sunday.

Iran’s fast emerging economy, boasting the most diversified equity market in the region worth nearly $85 billion, is set to unleash part of its untapped potential through the launch of new…

Mineral exports have declined by up to 50% in recent months in view of lower demand caused by price fluctuations and emergence of new suppliers, said secretary of the Association of Producers and…

Abbas Ardehali at Ronald Reagan UCLA Medical Center successfully conducted the first 50cc SynCardia temporary total artificial heart surgery.

The first recipient, a 44-year-old woman, has…

The second Iranian search engine "Parsijoo" (meaning Persian Search) will become fully operational in September, the managerial team of the project said at the 11th meeting of the Strategic…

Huntkey, a Chinese power supply provider, together with its local distributor, Avang, is expanding in Iran with a number of marketing activities.

Two new signboards have been set up in…

The average London commuter spends £44 ($68) a week buying stuff during their daily commute, compared to £36 ($56) a week for the rest of the UK. Commuters, and especially those in London, are…

In a meeting with traders of Qazvin Province, an official with the Trade Promotion Organization’s Iraq Affairs Department said: “The time is ripe to expand the export of Iranian products to Iraq…

About 6.5 million tons of non-oil goods worth $3.6 billion were exported via Bushehr Province during the first quarter of the current Iranian year (started March 21), which shows a 22% increase in…

Sanctions relief will boost transparency and competition in the Iranian economy, the President’s Chief of Staff Mohammad Nahavandian told a recent meeting of Iran-Italy Chamber of Commerce in…

Fuel accounts for more than 90% of goods smuggled from Iran to other countries, said the head of Iran Customs Administration adding that gold is the smugglers’ favorite commodity when it comes to…