Economy

Ridesharing service Uber has made a $3 billion offer for Nokia's map business HERE, amid plans to raise venture capital for their own expansion, Reuters reported on Friday.

Finland's…

Domestic auto-manufacturers which plan to expand their cooperation with Chinese partners are likely to suffer loss, an auto part expert said on Saturday.

Toyota said Friday its annual profit accelerated 19 percent to a record $18.1 billion as the world’s biggest automaker capitalized on a weak yen and strong demand in the North American market,…

Based on the latest statistics released by Iran’s Customs Administration, palm oil was the seventh major imported good to the country during the first month of the current Iranian calendar year (…

As per statistics released by Iran Customs Administration, more than 45,300 metric tons of goods were exported from free trade zones (FTZs) and special economic zones (SEZs) in the country’s…

Iran and Poland are seeking to expand cooperation in the agricultural sector, IRNA reported.

Iran’s export of ornamental flowers is valued at about $40 million per year, according to head of the National Institute of Ornamental Plants (NIOP), Pejman Azadi, who noted that the country is…

About $110 million worth of footwear was exported in the past Iranian calendar year (ended March 20) showing a 5 percent decrease, ISNA quoted head of the Association of Managers and Experts of…

The first direct flight between Isfahan and Sharjah was launched on Friday. The Al Arabiya Airline conducted the route’s first flight, according to managing director of Isfahan’s Shahid Beheshti…

Having imported about $620 million worth of goods from Iran over the past Iranian calendar year (ended March 20), Italy was Iran’s top export destination in Europe, ISNA reported on Friday. …

After a four percent cut in lending rates for businesses which was approved last week, now struggling industries are set to benefit from further discounts.

The mandate comes as the…

Former governor of the Central Bank of Iran Tahmasb Mazaheri said the recent decision on cutting deposit and loan interest rates would positively affect the economy if necessary prior conditions…

Depositors in uncertified financial institutions will not be backed by the government, says Economy Minister Ali Tayebni, affirming previous comments by the central bank governor. The warning…

Deputy minister of industry, mine and trade Mojtaba Khosrotaj supported the decision made by the Money and Credit Council on April 28 to put a 24 percent cap on lending rate from the previous 27-…

With an end to sanctions on the horizon, investors and traders should be interested in the Tehran Stock Exchange.

An agreement was signed between Mobin Mining and Road Construction Company; the industry, mine and trade organization and the environment department of West Azarbaijan Province to harvest…

The Tehran Stock Exchange overall index recorded the fourth consecutive negative trading week, with around 2.38 percent retreat amid pessimism about lingering ambiguities that have slashed…

Deputy minister of industry, mine and trade Mehdi Karbasian says western companies have recently offered to take part in Iran’s industrial and mining sectors, Eghtesad News reported.

Iran’s production of crude steel grew 9.6% in the first quarter of 2015 as output from Mobarakeh Steel Company (MSC) increased 21% compared with the similar period a year before, IRNA quoted the…

Trade with China’s Muslim-dominated province of Xinjiang hovered around $1.6 billion during the first quarter of 2015, recording an increase of nearly 89.4% compared with the similar period in…

Georgia is an emerging trade partner for Iran, said head of Iran-Georgia joint Commercial Council, Fatemeh Moghimi, ISNA reported. Iran’s exports to Georgia exceed its imports.

The United Arab Emirates’ Ministry of Environment and Water finally put an end to the rumors about watermelons the UAE had imported from Iran after certain Emirati media had claimed that the fruit…

The government has been seeking to avoid budget deficits via spending cuts and tax increases; however, the policy has forced end consumers to pay high taxes on daily expenses such as electricity,…

Although sugar beet production grew in the past Iranian calendar year (ended March 20), sugar business is in a slump, said secretary of Iranian sugar factories syndicate, Bahman Danayi, as…

The cooperatives sector has so far failed to deliver its envisioned share of 25% in the national economy as the sector’s current share is no more than 5%, according to senior official at Tose’e Ta…