Economy

Though it didnot have the hype of a new next-generation iPhone launch, the revamped 4-inch iPhone SE continues to see demand outstrip Apple's available supply, with most stores completely out of…

Tech ridesharing service Uber has said it agreed to pay $10 million to settle a California lawsuit accusing it of misleading the public about the thoroughness of its driver's background checks.

Germany's Deutsche Post is testing robots that could help postal workers cope with increasing numbers of parcels on their delivery rounds, a company manager said on April 7.

The changes to sanctions on Iran and what they mean for the business community were analyzed during a dinner organized in Nicosia by the Cyprus Chamber of Commerce and Industry and the American…

India's cabinet on Wednesday raised a credit line to Iran to $450 million as New Delhi aims to boost trade ties with Tehran after the lifting of international sanctions.

The credit line, to…

The Reserve Bank of India is holding discussions with Tehran on modalities of payment of reported dues of $6.5 billion for oil imports, Governor Raghuram Rajan …

The state-run Export-Import Bank of Thailand (Exim Bank) has offered financial services to support trading with Iran, becoming the first Thai lender to do so following the UN Security Council’s…

The head of the Bank of Industry and Mine, Ali Ashraf Afkhami, said his bank is willing to launch a new special bank for small and medium enterprises. Afkhami noted that the proposed bank would…

The banking industry plays a crucial role in the domestic economy and banks’ must strive to uphold and implement rules and regulations, Kuroush Parvizian, CEO of Parsian Bank said on Tuesday.

Bank Melli Iran, Iran’s biggest bank which is also the largest in the Middle East, hopes to restore correspondent relations with major Russian banks soon, now that the sanctions…

City & Financial Global, one of the UK’s leading research-based conference companies, has organized the “Iranian Trade Conference: New Prospects for British-Iranian Trade and Investment” that…

Iran is well on its way to achieve self-sufficiency in wheat production in the new Iranian year (started March 20), says the agriculture minister.

“Until two years ago, we had to import…

More than 582,000 tons of lead and zinc were produced by Mehdi-Abad Lead and Zinc Complex in the last Iranian year (ended March 19), indicating a 77% growth compared to the previous year, Iranian…

Tehran Stock Exchange’s main index TEDPIX shed 213.10 points or 0.26% to close Wednesday trade at 80,752.7.

The benchmark broke above the 81,000 resistance level during the first hours of…

With the Islamic Republic of Iran coming out of longstanding sanctions following the July 2015 nuclear deal and its implementation in mid-January, there is a sort of gold rush to exploit a range…

A Malaysian business delegation, mostly made up of the country’s oil and gas sector players, is scheduled to visit Iran in May. The visit is aimed at expanding bilateral trade ties, said Dzulkifli…

The unemployment rate in the last Iranian year (ended March 19, 2016) stood at 11%, the Statistical Center of Iran announced.

The figure registers a 0.4% rise compared with the preceding…

Banana prices went up in the domestic market after it was announced that the import tariff has been increased from 4% to 26%, as per the new import and export regulations ratified by the…

Azerbaijan’s Agriculture Minister Heydar Asadov has officially invited his Iranian counterpart Mahmoud Hojjati to visit the neighboring country in the near future. “During the recent visit of…

The first motorcycle stunt riding event of 2016 was held on Iran's Persian Gulf island of Kish, marking the first such event held in the free trade zone.

The event called "Top Rider" had…

Following the recent report of the Kaptur model being produced by Renault in Armenia and exported to Commonwealth of Independent States and Iran, Renault Pars responded by saying the report is…

Mercedes Benz will be exporting 2,000 vehicles in the new Iranian year (started March 20).

Setareh Iran, the official distributor of Mercedes Benz in Iran, has announced that in the new…

An Iran-Oman joint venture to manufacture cars in the sultanate will become operational after one year, according to a senior official of Iran Khodro Industrial Group.

Saeed Tafazzoli, IKCO…

Bank Muscat has received the regulatory approvals to open a representative office in Iran, Oman's largest lender said in a bourse filing on Tuesday.

"The bank is in the process of…

The Central Securities Depository of Iran will clear 1.4 trillion rials (about $40 million at market exchange rate) of interest payments to bondholders in Farvardin (Iranian month started March 20…