Economy

YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple…

Google says its AlphaGo Zero artificial intelligence program has triumphed at chess against world-leading specialist software within hours of teaching itself the game from scratch.

The…

Latest statistics on Iran-Turkey trade released by the Turkish Statistical Institute show the neighboring countries exchanged $9.1 billion worth of goods during the 10 months to Oct. 31,…

The Banker magazine, affiliated with the Financial Times Group, has selected Bank Pasargad Iran as the best Iranian bank for 2016.

As the publication reported on its website, the private…

The Iranian government has managed to boost home ownership through allocation of bigger home loans at lower interest rates, which have significantly improved the real-estate market.

The annual general meetings of two major state-owned banks, Bank Melli Iran and Bank Maskan, have been belatedly held and their balance sheets for the previous fiscal year to March 20, 2017,…

As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been sold during the…

Tehran Stock Exchange’s main index gained 155.59 points or 0.17% to end Tuesday trade at 91,092.2.

About 1.01 billion shares valued at $51.54 million changed hands for the day.

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The Iranian government has decreased the import duties on different steel products with immediate effect, according to a recent official notice.

For semi-finished steel…

More than 6 million tons of oil and non-oil products were transited through Iran’s 32 land and water border crossings during the eight months to Nov. 21, registering a 21% increase compared with…

There is a never-ending competition for supplying raw steelmaking materials and this is at its fiercest in China as the world’s largest producer and consumer of iron ore. Iran, however, is…

HiWeb has returned to trading on Tehran Stock Exchange after a month-long period of having its ticker symbol frozen over its recent merger agreement. The 4-trillion-rial ($97.56 million) ISP…

A deputy road minister has called for cuts in auto import tariffs so that low- and middle-income families would be able to afford safer and better cars.

Spanish Secretary of State for Trade Maria Luisa Poncela said Madrid will guarantee all investments by that country's investors in Iran.

Iranian state-owned animal feed importer SLAL has agreed to purchase about 120,000 tons of soymeal through an international tender at the weekend, European traders said on Monday.

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Chairman of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq has called on Iranian businesspeople to resume their activities in the Iraqi Kurdistan Region, noting that the security situation…

Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues, official sources told Business Recorder.

India will start exporting container cargo to Russia via Iran and Azerbaijan from next month, as it moves forward to operationalize the International North-South Transport Corridor, India’s…

South Korea’s JJ Consulting Ltd will invest $500 million in the northern port of Noshahr as per a memorandum of understanding signed between the Asian company and the Ports and Maritime…

Hungary’s economic presence in Iran is expanding, the Hungarian daily Politics quoted Economy Minister Mihaly Varga as saying.

The Iranian government has expressed interest in boosting…

The 12th meeting of Azerbaijan-Iran intergovernmental commission for economic, trade and humanitarian cooperation will be held in Iran’s Astara city in late December, the Azerbaijani Economy…

Ford Motor Co will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, the US firm said at an event in Shanghai on Tuesday, as it looks to rev up sales growth in the…

Germany and Italy are opposing a move to give the EU more supervision over the way national car regulators approve new cars for sale in the bloc, according to EU documents and sources.

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Hungarian bus manufacturer Ikarus and the Iranian City Industries and Mines Development Group (City IMD), affiliated to Shahr Bank (City Bank), have signed a memorandum of understanding to…

Peugeot has agreed to set up a joint venture with Japan’s Nidec Corp. to develop and produce automotive electric traction motors. Peugeot and Nidec’s French subsidiary Nidec Leroy-Somer Holding…