Economy

Fiat Chrysler is warning the owners of approximately 4.8 million vehicles to stop using the cruise control immediately due a potential defect that could leave the driver unable to cancel cruise…

Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan.

Shaparak, the entity in charge of Iran’s payment settlement network, announced processing more than 1.44 billion transactions worth over 1.17 quadrillion rials ($27.81 billion) during the first…

Chairman of Majlis Economic Commission said on Tuesday a parliamentary measure to manage the foreign exchange market is still on the agenda, but lawmakers are giving the government more time to…

Iranian banks and credit institutions allocated 257.2 trillion rials ($6.13 billion) in credits during the first month of the current fiscal year to April 20, which were handed out in the form…

The Georgian TBC Bank provided clarifications on a directive it issued last week to impose banking restrictions on Iranian nationals who fail to meet new residency requirements in the Eurasian…

Commercial truck rental rates will increase by up to 20% as of Saturday, the deputy head of Islamic Republic of Iran Road Maintenance and Transportation Organization said.

Volvo Construction Equipment has offered to provide Iran with €200 million worth of mining machinery, Iranian Mines and Mining Industries Development and Renovation Organization reported.…

Germany’s small-to-medium-sized firms, or Mittelstand, are scrambling to work out how to maintain business in Iran after a meeting between Germany’s foreign minister and his US counterpart…

Tehran Stock Exchange’s all-share index, TEDPIX, gained 505 points or 0.5% during the week that ended on March 23 to close at 95,445.1.

Iran Fara Bourse’s benchmark index, IFX, gained 9.…

The EU has announced its intention to protect European businesses that wish to continue dealing with Iran by updating its “Blocking Regulation” before August 6, 2018, when the first tranche of…

More than a week after US Treasury Department blacklisted Central Bank of Iran's Governor Valiollah Seif for his alleged "support for terrorism", the International Monetary Fund has released a…

Due to a rise in slaughtered and live sheep prices in the domestic market, the Agriculture Ministry has banned livestock exports as of Wednesday, the head of Exports Confederation with Iran…

Recent heavy rainfall and flooding in Iran have inflicted millions of dollars in damage on roads in several provinces, including South Khorasan, Ilam, Lorestan, Golestan, Mazandaran and Yazd.…

More than 1 million tons of toothbrushes worth over 719.63 billion rials ($21 million) were imported into Iran during the last fiscal year (March 2017-18), data released by the Islamic Republic…

Iran’s civil aviation industry will survive any unfair sanctions imposed on the industry, said the spokesman of Iran’s Civil Aviation Organization in reaction to US administration’s Thursday…

For transport and logistics industry experts, spring is always associated with increased transportation volumes of certain cargo groups such as seeds, pesticides and fertilizers–everything…

The Sartak-Pishta border gate between the Kurdistan Regional Government and Iran was reopened by the Iraqi government on Thursday after more than three months.

“The Sartak border gate…

The 35th round of International Association of Science Parks and Areas of Innovation (IASP 2018) conference will be held in Isfahan on September 2-5 at the city's Science and Technology Town.

New European privacy regulations that were to go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to…

Iran is set to boost collaborations with the World Intellectual Property Organization. The matter was discussed in a meeting between Iran’s Vice President for Science and Technology Sorena…

Businesspeople that have validated their purchase orders are allowed to directly purchase their required foreign currencies from certified exchange shops through Nima, the Central Bank of Iran's…

The Money and Credit Council approved the Central Bank of Iran’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures related to…

While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Volksbanken, from southern Germany appear unafraid and are continuing to…

The third month of the current fiscal year (May 22-June 21) will witness 19 government-owned assets worth more than $109 million put up for sale both via capital market and tenders. The sales…