Economy

Germany’s scandal-hit auto giant Volkswagen has suspended its chief lobbyist Thomas Steg as outrage mounted over monkey and human experiments to study the effects of diesel exhaust fumes.

Plans to float a 15.8% of controlling stake in Iran’s largest auto producer, Iran Khodro Group, were terminated in the early hours of Wednesday.

After weeks of speculation about the banking problems of Iranian students and businesses in China, which ranged from difficulties in conducting transactions to the total closure of accounts, a…

The Central Bank of Iran recently revoked the licenses of eight credit cooperatives. According to the latest update in the list of these financial institutions with the monetary regulator, the…

The Iranian insurance industry issued 42.7 million insurance policies in the first nine months of the current fiscal year to Dec. 21, 2017, which indicate an increase of 20%, the head of the…

The second iteration of the annual Digital Transformation Awards, aimed at recognizing the best companies that improved their business models by way of digital progress, on Tuesday honored a…

There is little doubt that the Iranian economy rebounded after the Joint Comprehensive Plan of Action, but did poverty and the living standards of ordinary Iranians also improve with this…

Iran exported more than €114 million worth of commodities to Austria during the 11 months to Nov. 30, 2017, indicating a 120% hike compared with the corresponding period of last year. Imports…

A total of 1.26 million tons of goods worth $1 billion were exported from East Azarbaijan Province during the 10 months to Jan. 20, an official with the province’s customs administration said.…

The First International Power Generation and Turbo Machinery Exhibition and Conference, also known as IPGTEC 2018, is scheduled to be held in Tehran International Fairground from March 2 to 5.…

Tehran Stock Exchange’s main index lost 488.23 points or 0.49% to end Tuesday trade at 98,557.9.

About 584 million shares valued at $31.96 million changed hands at TSE for the day.

Non-oil trade between Iran and Oman during the first nine months of the current Iranian year (March 21-Dec. 21, 2017) amounted to more than 1.33 million tons worth $393 million, registering a 24…

The budget allocated to cash subsidy payments in the next fiscal year (starting March 21) has increased by 70 trillion rials ($1.55 billion) to reach 300 trillion rials ($6.66 billion) after…

Iran’s iron ore giant Golgohar Mining and Industrial Complex plans to issue 3 million Islamic bonds worth 3 trillion rials (about $66 million) next week to finance the purchase of ore…

Tehran Stock Exchange is scheduled to witness a heated competition today, as a 15.85% controlling stake in Iran’s largest automaker is being put up for sale. Rumors about potential buyers are…

Upon the completion of “the Comprehensive Taxation Plan”, paper will be eliminated from all taxation procedures, Minister of Economic Affairs and Finance Masoud Karbasian announced. Digitization…

The top US communications regulator, wireless companies and some lawmakers oppose an idea by members of President Donald Trump’s national security team for the government to build a 5G wireless…

Google has said it is developing new techniques to detect malicious crypto-mining adverts after YouTube was caught displaying them to unsuspecting users. Ad-based miners are a new form of…

The Skin Research Center of Iran University of Medical Sciences has developed the first local stem cell treatment for skin diseases. The medicine called ‘Renew Derm Cell’ was unveiled this week…

As the new phase of Mobile Registry Scheme goes into effect next week,  smuggled Google, BlackBerry and Motorola phones will be disconnected from local operators’ networks.

Employing the potentials of the capital market and leasing facilities will be two of the new approaches of Bank Maskan, the agent bank of the housing sector, in the next fiscal year (starting…

The governor of the Central Bank of Iran on Monday met with the ambassador of Switzerland in Tehran to discuss improvements in the banking system and the possibility of Iranian lenders opening…

First Vice President Es'haq Jahangiri has officially ordered three Cabinet members to devise a spending plan for the $12 billion foreign finance finalized in the post-sanctions era by…

After surging against the rial in early trade, the greenback lost momentum on Monday in what would be a win for the Central Bank of Iran’s policy of preventing the further depreciation of rial…

Iranian steelmakers exported 6.37 million tons of semi-finished and finished steel worth $2.34 billion in the first nine months of the current fiscal year (March 21-Dec. 21) to 15 countries.…