Economy

Iran's Communications Regulatory Authority Committee has released further details on new Internet prices.  

During a session held on Saturday night, the committee—headed by Minister of…

Microsoft has announced that it will be purchasing social network LinkedIn in an all-cash deal worth $26.2 billion, or $196 per share. According to the company's press release, the deal is…

Apple is attempting to play catchup in this never-ending rollercoaster of technological development with its main competition coming from Microsoft, Google and now even Amazon.

With Apple's…

Iran plans to open a databank in 4 languages for the export of hi-tech products in the near future, said director general for international business affairs of the Directorate for Science and…

If subsidized hard currency continues to be sold to a select group of merchants, problems will arise, according to Mehdi Pourqazi, head of the Mining and Industries Commission at the Tehran…

POS terminals are the most favorite payment method in the country. Last year, they accounted for 85% of total electronic transactions, while internet payment services and mobile payments…

It was late last month that Akbar Komijani, Central Bank of Iran Vice-Governor, addressing the 26th Annual Conference on Monetary and Exchange Rate Policies in Tehran, briefly alluded to closed-…

The Iran-Azerbaijan joint bank will begin operations next year, Central Bank of Iran Governor Valiollah Seif told Azeri-Press Agency. “Iranian President Hassan Rouhani and Azerbaijani…

Bank Ayandeh has joined the Asian Bankers Association in a bid to expand its presence in the global banking network, Ayandeh website reported. ABA is among the biggest Asian associations with more…

TEDPIX, Tehran Stock Exchange’s main index, lost 117.30 points or 0.16% to close trade at 74,700.5 on Monday.

Losses incurred by auto manufacturers, petrochemicals and banks caused the…

Iran embarked on the National Rare Earth Elements Exploration Operation last year with the cooperation of Geological Survey of Iran, the private sector and a European consultant to determine the…

Technological advancement has painted a future where machines do all our work for a long time, making jobs extinct or scarce, especially those performed by the unskilled.

The Central Securities Depository of Iran issued 21 trading codes for foreigners to trade in Iran’s equity market in the Iranian month of Ordibehesht (April 20–May 20), bringing the total number…

More than $1.2 million worth of honey were exported during the first two months of the current Iranian year (March 20-May 20, 2016). Bahrain, the UAE, Iraq, Kuwait, Malaysia, Azerbaijan and…

Unrestrained date exports to Russia are to blame for the unreasonable prices in the domestic market, Nozar Negahdari, managing director of the Association of Horticultural Producers, said. Last…

Close to 37,700 tons of colza have been purchased from local farmers since the beginning of the current Iranian year (started March 20), the CEO of Government Trading Corporation of Iran said.

Germany’s knitting machine builder Terrot has returned from a trade mission to Iran with a deal for providing circular knitting machines to an Iranian fabric manufacturer.

Iran annually exports up to $250 million worth of pharmaceuticals and their raw materials to Afghanistan, Iraq and Central Asian countries but imports medicines amounting to $1 billion, according…

To economist Saeed Laylaz, the rising media frenzy around monthly paycheck of an insurance executive and the reactions it drew say as much about the government as about the motives of its…

Demand for subcompact cars in Europe will peak this year, analysts say, as competition from small SUV and crossovers slowly starts to erode sales in the region’s most popular segment.

…

Mercedes-Benz has announced it will be offering the option of inductive charging on the S550e plug-in hybrid for its refreshed 2017 model. Meaning that replenishing the increased capacity, 13.5-…

SAIPA Kashan, a subsidiary of Iran's second largest carmaker SAIPA, will sell 50% of its shares to Groupe PSA's Citroen brand, according to the CEO of the company.

The deal, which would see…

After much delay, Iran Standards and Quality Inspection Company (ISQI) has released a report on the quality of 32 locally-made cars.

Calling the housing sector a growth engine and a means for getting the economy out of recession, the managing director of the Office for Housing Planning and Economy (affiliated to the Ministry of…

If price undercutting and unhealthy competition persists in the insurance sector, Central Insurance company of Iran and the Supreme Council of Insurance will intervene to regulate insurance…