Economy

In a continuing strategy of exploring previously untapped markets, Turku-based hamburger restaurant chain Hesburger opened a new outlet in Iran’s capital city Tehran on Friday.

Netflix Inc’s blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video-streaming pioneer’s massive…

The results for the Ph.D. preliminary examinations were released on the website of the National Educational Assessment Organization (Sanjesh Organization) on Monday.Hossein Tavakoli, a top…

Over 3,500 knowledge-based firms and several thousand startups are operating in Iran. The revenue of these companies during the last fiscal which ended in March surpassed 600 trillion rials ($14…

In the recently ended fishing season (Oct. 12, 2017-April 14), bony fish output in the northern Mazandaran Province bordering the Caspian Sea amounted to around 2,700 tons, marking a rise of 17.…

Iran’s non-oil exports to Ukraine amounted to $70 million in 2017, registering a 75% rise compared to the year before, Iran’s Ambassador in Kiev Mohammad Beheshti Monfared said.

Iran…

About 532,000 tons of commodities worth over $150 million were exported from the northeastern Iranian province of North Khorasan in the last fiscal (ended March 20, 2018), registering a decrease…

More than 740 tons of candles worth close to 55.2 billion rials ($1.6 million) were imported into Iran during the 11 months to Feb. 19, according to figures released by the Islamic Republic of…

Iran and Pakistan will establish a transport and transit corridor in the near future, Iran’s minister of roads and urban development said. In an interview held in Pakistan’s eastern city of…

All of Iran's payment systems and networks registered annual growths both in terms of number and volume of transactions in the previous fiscal year that ended on March 20, the chief executive of…

Finex 2018, the biggest financial sector exhibition in the Middle East, opened on Monday at Tehran’s International Fairground to host a wide array of businesses, officials and potential…

The governor of the Central Bank of Iran emphasized the role of moneychangers in the foreign exchange market, saying that the regulator is not seeking to remove them from the Iranian economy.

Iran capital market’s trade value reached 2.47 quadrillion rials ($58.8 billion) in the last fiscal year (ended March 20, 2018), growing 26.6% compared to the year before, the head of Securities…

Qatar plans to invest in the development of southern ports of Iran to help expand economic cooperation and increase bilateral trade, the director of Qatar Ports Management Company said at a…

Iran’s dormant bauxite project in Guinea-Conakry has recently sprung back to life, as companies operating it have announced an international tender for developing the mine and constructing a…

Tehran Stock Exchange’s main index lost 481.19 points or 0.5% on Monday compared to the day before to end trade at 95,506.3.

About 466 million shares valued at $22.43 million changed…

Volkswagen distributor in Iran, Mammut Khodro, is set to offer Golf GTI in the country in the coming months. The company already has Tiguan and Passat on sales in Iran.

A new report by RevealNews.org says electric vehicle maker Tesla failed to record workers’ serious injuries accurately. Mislabeling and under-counting injuries made Tesla’s safety record look…

On March 18, one of the cars in Uber’s self-driving vehicle pilot program hit and killed 49-year-old Elaine Herzberg as she was walking across the street in Tempe, Arizona. The next day, Uber…

The Central Bank of Iran is expected to announce its regulatory framework for fintechs in the coming months and according to the regulator's deputy for innovative technologies, European…

Representatives of the Iranian Association of Bureaux de Change will soon hold a meeting with Central Bank of Iran’s officials to decide the fate of foreign exchange shops and the role envisaged…

First Vice President Es'haq Jahangiri said on Sunday the government intends to establish a "new foreign exchange system" that will be in the country's national interests. 

The government will offer loans ranging from 1 billion rials ($23,809) to 60 billion rials ($1.42 million) to entrepreneurs who create jobs in rural regions, the vice president for rural…

A total of 1.4 million tons of non-oil goods were exported from the eastern ports of Hormozgan Province, including Shahid Bahonar Port, to Persian Gulf littoral states and East Asian countries,…

Over 3.26 million trucks transported about 33 million tons of cargo across Tehran Province in the last Iranian year (ended March 20), registering a 6.7% rise compared with the year before, a…