Economy

Volkswagen chief executive Matthias Mueller apologized for cheating diesel car emissions tests on his first official US visit since the scandal broke in September.

Tesla car owners already get a lot of attention on the road when they cruise around in the slick, all-electric vehicles.

But now they're sure to get even more stares, thanks to a head-…

New private industrial and mining firms will receive tax incentives upon registration and obtaining the required permits as of the next Iranian year (to start March 20, 2016), Iranian Mines and…

Middle East growth is expected to jump to more than 5% in 2016 and 2017 thanks to a "rapid growth pickup" in the Islamic Republic of Iran, according to the World Bank.

Import costs for Iran will decline by at least 10% after the nuclear deal with the P5+1 comes into effect, Gholamali Kamyab, Central Bank of Iran deputy governor for foreign exchange affairs said…

Creating a competitive economy based on the free market will lead to decent growth rates and sustainable development, Abbas Akhundi, the minister of roads and urban development said Sunday.

Central Insurance company of Iran is looking at the status of third-party vehicle insurance performance over the past five years and the primary results indicate a gaping hole, said Mohammad…

As little as 4% of Iran’s budget are allocated for rural development, according to deputy president for development of rural areas, Nasser Zargar. “Iran’s budgeting is urban-centered,” he has been…

First Vice President Es’haq Jahangiri, Roads and Urban Development Minister Abbas Akhoundi and more than 20 CEOs of Iranian aviation and tourism companies will attend the Iran Aviation Summit 2016…

The third quarter of the current Iranian year (Sept. 23-Dec. 21) registered the export of 58,000 tons of pistachios, according to Iran Pistachio Association. Pistachio accounts for 10% of Iran’s…

Gerhard Schroeder, former chancellor of Germany, will lead a 27-member trade mission during a three-day visit to Iran starting Monday.

The Iranian month ending Dec. 21 saw exports of 3.17 million tons of non-oil goods through major Iranian ports, which shows a 2.9% rise compared with the similar period of last year, according to…

Tehran Stock Exchange’s main index TEDPIX plunged 194 points or 0.31% to close Sunday trade at 62,461.

More than 723 million shares valued at $42.7 million changed hands, registering a 20%…

More than 12 million tons of non-oil goods worth $6.4 billion were exported from Bushehr Province during  the nine-month period ending December 21, recording a 22% increase in volume and a 1…

The Intelligence Ministry is increasing efforts to fight economic corruption and tax evasion.

It recently foiled a plot to embezzle 8.6 trillion rials (about $230 million at current market…

Iran is home to over 40 billion tons of mineral reserves, 400 million tons of which are extracted annually, according to Jafar Sarqeyni, deputy minister of industries, mining and trade.

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 1,500 tons of copper cathode by the National Iranian Copper Industries Company at the base price of $4.4 per…

Close to 12 million tons of crude steel, 11.7 million tons of steel products, 16 million tons of pellets and 11.3 million tons of sponge iron were produced during March-December 2015.

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The First Festival of Innovative Businesses will be held in Lorestan Province in western Iran, said the head of Lorestan's Science and Technology Park this week.

New Internet operators will start offering services in the next two months, said the deputy of Iran's Communication's Regulatory Authority.  Recently nine new permits have been issued to…

To integrate all activities carried out in the in the field of information technology, the need for setting up a technology park with a focus on Internet of Things is a pressing necessity, said…

Iran’s Research Institute for Information and Technology has begun to develop a new social robot, named "Robodoc", which aims to function as a research assistant in science and research projects…

Apple has registered a trio of auto-related top-level domain names, including apple.car, apple.cars and apple.auto.

Updated on January 8, Whois records show Apple registered the domains…

The demo high-tech toilets from Japan are unabashedly right in the middle of the floor at the Consumer Electronics Show in Las Vegas.

While the toilets are not functioning ones,…

What is going on in Tehran’s property market? Would it be fair enough to claim that this once vibrant sector of the economy is finally out of the woods?