Economy

Volkswagen's Beetle may be slated for discontinuation, if a Tweet from a trusted source is to be believed. Autoline recently Tweeted: "Goodbye Beetle. VW to axe its iconic car at end of 2018.

Turkey's logistics company Arkas Holding has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines to establish a Turkey-based joint venture to offer maritime…

Bank Saderat Iran managed to increase its resources by 30% in the previous fiscal year (ended March19). According to a press release Thursday. In the said period, BSI also lowered the volume of…

Dana Insurance, a major private insurer, is seeking to enter international markets, reduce bad debts and expand its life insurance portfolio, the company’s deputy director, Bijan Sadeghi said.…

Governor of the Central Bank of Iran rebuked the US and European governments for not honoring their commitments for speedy implementation of Iran’s nuclear deal calling on them to do their best in…

The Association of Leasing Companies officially started work in March as the sole body representing the industry, following the merger of the former Iran Center for Leasing Companies and the…

The Central Insurance company of Iran –the industry’s regulator---has prepared a set of guidelines for insurance firms to rate their agents, the CII deputy chief for supervisory affairs said on…

In a meeting between the Federal Financial Supervisory Authority of Germany (BaFin) and Muhammad Kazem Choghazardi, CEO of Bank Sepah on Thursday in Tehran, an agreement was reached on Sepah…

Germany-based fragrance and flavor company Symrise opened “Symrise Parsian”—its own site in Tehran—on Thursday.

The company will also set up sales offices and application-specific…

Italy on Wednesday became the first European country to take steps to help its fashion industry build a stronger presence in Iran, following the lifting of western sanctions.

The Central Securities Depository of Iran issued 225 trading codes for foreigners to trade in Iran’s equity market in the last Iranian year (March 2015-16), which indicates an 85% rise compared…

The easing of international commercial sanctions against Iran is likely to boost both the country’s exports of non-ferrous metals and ores, as well as foreign investment in the sector.

Tehran Stock Exchange’s main index, TEDPIX, gave up 1,164.4 points or 1.44% during the week that ended April 15 to close at 79,588.3.

More than 6.5 billion shares valued at $480.7 million…

President Hassan Rouhani has called for concerted efforts to reduce the country’s unemployment rate to a single digit by the end of his tenure (mid-2017), says Deputy Labor Minister Isa Mansouri.…

The visit of a Dutch delegation to Tehran perhaps received less media coverage because of the high-profile two-day stay of the Italian mission led by Premier Matteo Renzi.  Iran’s Deputy…

Italy will follow up on billions of euros of trade deals signed with Iran this year by sending a special mission to discuss how to fund and process them, Prime Minister Matteo Renzi said on…

Iran exported 564,000 tons of watermelons valued at $126.6 million in the last Iranian year (ended March 19, 2016).

Amazon on April 13 announced the latest addition to its Kindle line of e-readers, the 8th-generation Kindle Oasis.

Coming up in May will be Tehran's first conference on crowdsourcing, bringing together some of the biggest people in the country's tech industry.   Crowdsourcing is the practice of…

The new top-level domain ".krd" gives Iraqi Kurdish speakers a news space in the virtual world at a time when they are gaining on the ground against the self-styled Islamic State terrorist group…

Italian telecoms equipment manufacturer Italtel and Telecommunications Company of Iran have signed a memorandum of understanding to develop and modernize the latter's infrastructure and equipment…

An unidentified American company was defrauded last year out of nearly $100 million by individuals who created a fake email address to pose as one of its legitimate vendors, US authorities said on…

Governor of Central Bank of Iran,ValiollahSeif, has traveled to Washingtonto participate in the spring meetings of International Monetary Fund and World Bank Group held April 15-17.

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UAE Business Solutions, a Dubai-based consultancy firm, has signed a memorandum of understanding with MAH Pishro Serv, a Tehran-based company, to establish a strategic partnership in Iran.

A new deal has been sealed between Parand and Hashtgerd New Township Company and the State Welfare Organization to sell 1,000 subsidized Mehr units to people under the SWO umbrella, Bourse Press…