Economy

Uber has been fined $7.6 million by the California Public Utilities Commission for a failure to report data on its drivers.

According to the Los Angeles Times, the ride-hail company said it…

The Isfahan Municipality and investors at the two-day 'Conference on Investment Opportunities in Isfahan' signed eight MoUs  estimated at 24 trillion rials ($795 million), including one with…

Lifting of economic sanctions on Iran could be a boon for the UAE and Lebanese banks that have close ties with businesses in Iran according to the Institute of International Finance (IIF).

Bank Parsian is set to take over the insolvent credit institution, Samen-al-Hojaj, following problems its depositors face in taking back their money, according to website banker.ir. The latest…

Rial gained 1.3% against the US dollar in Saturday trading as diplomats gathered in Vienna to announce the end of international economic and banking sanctions against Iran.

The Greenback…

Equities responded to the "Implementation Day" of the historic nuclear deal on Saturday, with their largest gain since March, while all major currencies retreated against the rial to two-month…

More than 750,000 tons of minerals worth $17.1 million were exported from Hormozgan Province to the UAE, Oman, China and India during the nine-month period ending December 21, indicating a 43% and…

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 51,180 tons of bitumen on Saturday.

Furthermore, 29,372 tons of heavy aromatics, ammonia, paraxylene,…

More than 121 million tons of copper were extracted from Iran’s three largest copper mines, namely Sarcheshmeh, Sungun and Miduk, from March to December 2015, which is 664,000 tons less than the…

The Second International Exhibition on Investment Opportunities in Iran’s Mining, Metallurgy, Cement and Related Industries is scheduled for January 26-29 on the southern Kish Island.

The…

India’s largest-ever steel export deal, struck with Iran in 2014 to allow it to buy the metal without violating western sanctions that are now set to end, has become mired in a dispute that has…

The biggest business delegation in years from the eastern Iranian province of Khorasan Razavi is to visit Poland on Monday, Radio Poland reported on its website Thenews.pl.  With a population…

Iran’s second exclusive trade exhibition will be held in the Iraqi capital Baghdad on Feb. 16-19, with the aim of promoting Iranian products in the neighboring country, the website of Iran…

Some 19 million tons of non-oil goods were exported from the southern ports of Hormozgan Province from March to December 2015, according to the province’s Ports and Maritime Organization. Imports…

Iran’s agricultural trade was worth $18.6 billion in the last Iranian year (ended March 2015), with imports accounting for close to $12 billion of this figure, the Ministry of Agriculture data…

Russia’s Agriculture Minister Alexander Nikolayevich Tkachyov is scheduled to arrive in Iran on January 19 on an official visit to discuss ways to promote ties in agriculture and food sectors.

German companies should revive economic ties with Iran as quickly as possible following the expected lifting of economic sanctions, says Germany’s Chambers of Commerce and Industry (DIHK). “After…

For developing trade and economic ties in the post-sanctions era, the Ministry of Industries, Mining and Trade has submitted a new proposal for  producing electric vehicles to the…

The battle for British residential parking space has become so intense that more than one in 10 drivers (12%) put off making car trips to avoid losing their spot, according to a new study.

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After unveiling the 2017 Porsche 911 Turbo and Turbo S at the Detroit Auto Show this week, 911 program manager, Erhard Mossle, revealed that the automaker plans to introduce a plug-in hybrid…

The auto loans, backed by President Hassan Rouhani’s administration and the Central Bank of Iran, which offered 250 million rials to each buyer of a locally developed car, could return.

American auto manufacturers may enter Iran’s market as long as they meet the “needed criteria”, said a board member of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture. Mohammad…

Improving manufacturing and trade are the two main ingredients for economic growth and development, Akbar Hashemi Rafsanjani, head of the Expediency Council said Thursday.

The banking sector will open accounts for nine foreign banks after the lifting of the sanctions, while about 20 others are ready for cooperation in the post sanctions era, said Bank Parsian's…

Bank Ayandeh’s financial management application, HADAF, and Bank Maskan’s two-factor authentication system won the fifth Nourbakhsh Festival Award for innovation in the banking system. HADAF…