Economy

Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock, the aerospace group’s chief executive said on January 16. Airbus last year formed a division…

Head of Iran Chamber of Commerce, Industries and Mines has highlighted capabilities in the field of information and communications technology (ICT) and says the private sector is ready for a…

Outgoing calls and text messages for 2 million unidentified SIM card owners have been blocked, said the spokesperson of the Communications Regulatory Authority, Jahangir Asadi.  

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To broaden access to legally-imported smartphones in the domestic market, the Consumers and Producers Protection Organization has issued 23 new import licenses.

The organization, which is…

The Central Bank of Iran has ordered all banks to finalize their annual financial statements in accordance with new standards by the end of the current fiscal year (March 20, 2017), said Abbas…

The National Association of Iranian Leasing Companies has again called on the Central Bank of Iran to revise its current policy regarding the interest rate of leasing contracts. At present,…

The Central Bank of Iran has communicated to all banks and credit institutions the criteria for the implementation of a foreign exchange directive originally issued by First Vice President Es’haq…

A year has passed since Iran's nuclear accord with world powers has been implemented and the governor of Central Bank of Iran believes the deal has paved the way for financial institutions outside…

Tehran Stock Exchange’s main index added 11 points or 0.01% to end Monday trade at 79,084.2.

More than 1.7 billion shares valued at $98.5 million changed hands for the day.

National…

Captain Behnam Shirzad wears a broad smile as he walks into the hall where Iran Air is about to take delivery from Airbus of its first brand new aircraft in 23 years.

“It is fantastic,” he…

The Ministry of Roads and Urban Development has asked the government and parliament to deny the Islamic Republic of Iran Air Defense Force a share of Iran Airports Company’s revenues.

Iran Fara Bourse has attracted 5 trillion rials (about $125 million) in foreign investments since the Implementation Day, that is the removal of sanctions on January 16, 2016, following Iran’s…

The Ministry of Sports and Youth is banking on the private sector to help complete its under-construction sport infrastructures due to the government’s tight budget.

Workplace accidents claim the lives of 1,500 people on a yearly basis, deputy roads and urban development minister, Hamed Mazaherian, said. “About 60% of worker deaths are attributed to accidents…

Between 25% and 30% of Iran’s agricultural machinery have been renewed or renovated since the beginning of Hassan Rouhani’s presidency in August 2013, according to an official with the Ministry of…

Deputy Roads and Urban Development Minister Amir Amini said Iran’s freeways will stretch out to more than 7,000 km by the end of the sixth five-year development plan (2016-21). According to Amini…

A groundbreaking ceremony for Caspian Pharmed, an Azerbaijan-Iran pharmaceutical plant, was held in Pirallahi Industrial Park in Baku on Monday.

Azerbaijani Minister of Economy Shahin…

Toyota CEO Akio Toyoda showed off the all-new 2018 Camry and 2018 Camry Hybrid at the Detroit Motor Show this week.

The all-new 2018 Toyota Camry features surprisingly sporty styling inside…

An official with the Ministry of Industries, Mining and Trade has rejected reports published in sections of the media that Afra Motor—local representative of Volvo in Iran— has been allowed to…

An Iranian-made hybrid motorcycle was unveiled in Mashhad,  Khorasan Razavi Province this week.

The motorbike has been designed and built at the science and technology park in the…

LS Automotive Co., an automotive electric part making unit of South Korea’s conglomerate LS Group, is seeking to make inroads in overseas markets with moving into markets like Iran and China.

The Central Insurance of Iran, the insurance industry’s regulator, has defined new rules over Iranian insurance firms’ cooperation with foreign assistance companies that provide services to…

Economy Minister Ali Tayyebnia said the administration of President Hassan Rouhani has come a long way to salvage the country's economy from years of inefficiency and mismanagement by implementing…

Tehran Stock Exchange’s main index rose 197.30 points or 0.25% to end Sunday trade at 79,073.5.

More than 1.9 billion shares valued at $94.3 million changed hands for the day.

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Filipinos may soon have a taste of Iranian apples, as the government of Iran is keen on taking its produce to Philippine markets.

Iranian Ambassador to the Philippines Mohammad Tanhaei met…