Economy

A local startup named PitStop has launched a GPS-based smartphone application, assisting motorists to find nearby automobile repair shops.

The app which is also dubbed PitStop, based on…

Indian ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after expanding operations in Australia, intensifying its rivalry with US peer Uber…

Ford Motor said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the US automaker attempts to revive its…

Capital Intelligence Ratings, the international credit rating agency, announced that it has affirmed the Financial Strength Rating of the Export Development Bank of Iran at ‘BB-’ with a negative…

The total volume of liquidity in Iran stood at about 15.82 quadrillion rials ($358.72 billion) at the end of the first quarter of the current fiscal year on June 21, the Central Bank of Iran…

After months of volatility, the foreign exchange market has embraced a forex plan unveiled by the government on Sunday. Exchange houses resumed their normal operations, halted 115 days earlier…

Iran’s insurance companies generated about 110 trillion rials ($2.5 billion) in premiums during the first four months of the current fiscal year that ended on July 22, up by 23.4% compared with…

Iran exported 233,360 tons of tomatoes worth $80.29 million during the first four months of the current Iranian year (March 21-July 22), the latest data released by the Islamic Republic of Iran…

More than 2,487 tons of padlocks worth $5.52 million were imported into Iran in the last Iranian year (ended March 20, 2018), latest data released by the Islamic Republic of Iran Customs…

The Iranian Parliament is going to ratify a new bill to set up a new establishment against economic corruption and crimes.

“A new establishment will be soon set up to counter economic…

The reintroduction of economic sanctions against Iran by the United States is unlikely to have a major impact on Swiss businesses.

Chinese companies can weather the first wave of unilateral US sanctions effective on Tuesday by expanding the use of renminbi (RMB) in their transactions with Middle East countries, Chinese…

US President Donald Trump on Tuesday said sanctions reimposed on Iran were the “most biting ever”, as he warned other countries from doing business with Tehran.

“The Iran sanctions have…

Iran traded 1.93 million tons of non-oil commodities worth $1.8 billion with South Korea during the first four months of the current fiscal year (March 21-July 22), registering a 48.19% and 26.…

The Producer Price Index for the mining sector in the 12 months ending June 21, which marks the end of spring, increased by 22% compared with the corresponding period of last year, the…

Major Iranian steelmakers exported a total of 2.62 million tons of semi-finished and finished steel products during the first four months of the current fiscal year (March 21-July 22) to…

Tehran Stock Exchange’s main index gained 256.11 points or 0.19% on Tuesday to end trading at 133,584.4.

About 2.65 billion shares valued at $227.84 million changed hands at TSE for the…

As the US reimposes sanctions on Iran, some small European businesses remain steadfast in their choice to continue trading with Tehran despite “risks”.

The US sanctions on…

Iranian mobile virtual network operator Amin has introduced a SIM card and mobile plan named Teentaak designed to provide parental control over youngsters' communications technology usage.

Drafted by the ICT Ministry, a bill concerning tax relief for startups is making its way up the bureaucratic ladder to help new businesses flourish and subsequently spur economic growth. …

The United States is being outspent by China in the race to build the next generation of wireless communication, known as 5G, and it risks losing out on the potential economic benefits,…

The government has eased foreign exchange rules and allowed money exchangers to resume work at open market rates, as part of the latest rescue package intended to calm the volatile market.…

Iran’s housing sector will soon slid back into recession in view of ongoing volatilities in the foreign exchange market, which have rocked prices during the past few months, the deputy of Tehran…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has called for active control over liquidity rise and banking woes.

“The problem of the banking system must be addressed…

About 9.1 million checks worth 780 trillion rials ($17.68 billion) were transacted in Iran during the third month of the current fiscal year to June 21, showing a respective decline of 8.2% and…