Economy

Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill…

Next year, General Motors Co. will no longer need an engineer in the front seat babysitting the robot brain that controls its self-driving Chevrolet Bolt. The steering wheel and pedals will be…

SAIPA started a test assembly of the Citroen C3 over the weekend. As per a 50-50 joint-venture between SAIPA and Citroen signed in 2016, two models namely C3 and C4 are to produced/assembled in…

Ahead of the Jan. 31 deadline set by the Financial Action Task Force for Iran to fully adhere to its anti-money laundering and combating of financing terrorism commitments, parliamentarians and…

The deadly avian flu outbreak has been contained in eight provinces, namely East Azarbaijan, Qazvin, Alborz, Tehran, Markazi, Isfahan, Fars and Khorasan Razavi, Ali-Safar Makan-Ali, an official…

Growth in Iran, the second largest economy in the Middle East and North Africa region, is expected to reach 4.3% by 2020, with higher investment growth offset by lower oil production and limited…

Air pollution costs Iranians millions of dollars each year in deaths and diseases.

Some 137,960 public complaints against goods and service providers were filed with the Industries, Mining and Trade Organizations of Iranian provinces in the nine months to Dec. 21, 2017, 85% of…

Close to 542,000 trucks transited through Iranian borders, carrying a total of more than 14.8 million tons of goods in the first nine months of the current Iranian year (March 21-Dec. 21, 2017…

About 147.2 tons of saffron were exported from Iran in the first nine months of the current fiscal year (March 21-Dec. 21, 2017), registering a 35% increase compared with the similar period of…

Iranian steelmakers produced 30 million tons of steel during the first nine months of the current fiscal year (March 21-Dec. 21) to register a 12.5% growth compared with last year’s…

The First International Franchise Exhibition and Conference endorsed by the World Franchise Council opened at Tehran’s International Fairground on Sunday.  

Benchmarks can provide a valuable share when they are used appropriately in markets.

For instance, a benchmark may be useful to manage financial risks efficiently as a hedging tool for…

In its latest directive to the banking system, the Central Bank of Iran has obliged all banks and credit institutions to refrain from accepting any kind of guarantees from financial entities…

Iran Chamber of Commerce, Industries, Mines and Agriculture has proposed an Asian model for economic development to weather the current storms facing the Iranian economy.

In light of the significant surge in the number of electronic transactions, the ratio of cash and coins to liquidity in Iran has declined by 3.5% in the past four years, announced the CEO of…

Iran Insurance Company, the biggest state-owned insurer that will soon become the only government-run insurer after shares of other companies are sold, is to establish a first-of-its-kind…

Shares of Facebook Inc fell more than 4% on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would…

A local startup has launched a service to help building residents get rid of the hassles of sharing expenses and bills.

The service dubbed 'iParteman' is accessible through the website…

German investigators have used data from Apple iOS' built-in Health app as evidence in the investigation of a murder case.

The US trade representative put Alibaba’s Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said…

The latest report released by the Statistical Center of Iran on Saturday shows residential construction permits issued this summer have increased both in Tehran and across the country.

A board member of Middle East Bank, which alongside Bank of Industry and Mine was one of the two Iranian banks that clinched a €5 billion finance deal with Italy's Invitalia on Thursday,…

The latest report of the Central Bank of Iran on the interbank market indicates a steady increase in the scope and extent of this relatively new market both in terms of value and quantity.

The Board of Trustees at the National Development Fund of Iran–the country’s sovereign wealth fund–appointed Morteza Shahidzadeh to take the institution’s helm after the resignation of its…