Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the US Department of Justice, the luxury carmaker…
Economy
Iran's Competition Council, the body responsible for setting auto prices, had approved a price hike for 23 car models, but none of the Iranian carmakers has increased the prices of their products…
Japan's domestic sales of new cars, trucks and buses increased 7.2% from a year earlier in April, the Japan Automobile Dealers Association said on Monday. Sales totaled 212,713 vehicles in April,…
Lawmakers Sunday passed legislation that allows the central bank to sign currency swap agreements with Iran’s major commercial partners.
The CBI has been tasked with promoting the usage of…
As the US dollar continues its weak trend, investors are looking more toward gold as a safe haven. The Iranian rial registered gains against the American currency from Thursday when it gained 30…
Representatives of the Iranian government met the week before last with the Financial Action Task Force, the international body that has blacklisted the country from the global financial…
Banks have taken over 1,099 struggling industrial units across the country, while 75% of them are still active, said deputy minister of industries, mining and trade on Sunday.
“Bank…
An official at KB Kookmin Bank said they are negotiating with major banks in Iran in order to be ready, just in case they will be able to do trade with Iranian counterparts using the yen or the…
Iran’s sovereign wealth fund plans to lend 20 trillion rials ($578 million at market exchange rate) to non-oil exporters, said the head of Iran’s Chamber of Commerce, Industries, Mines and…
A foreign steel market analyst doubled down on his impression of the Iranian steel industry following his weeklong stay in Iran and extensive interviews held with industry players in a report…
Hand-woven carpet is one of the most valuable non-oil export commodities of Iran and the sector is currently suffering from severe mismanagement and unreasonable regulations.
Tehran Stock Exchange’s primary index TEDPIX inched down 30.20 points or 0.04% to close at 78,384.4.
The value of close to 60% of the listed companies dropped, with food, electricity and…
Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted two trade delegations on Saturday, one from neighboring Turkey and another from Switzerland.
Latest inflation figures may suggest a pickup in Iran’s industrial base.
Producer Price Index, which measures inflation in manufacturing costs and prices, and is considered a foreteller of…
Achieving a 4% growth—forecast by the International Monetary Fund for the Iranian economy in 2016—for a single year is not very significant, says the deputy head of Iran-China Chamber of Commerce…
German Vice Chancellor and Economy Minister Sigmar Gabriel cancelled his trip to Iran due to illness. Gabriel was expected to co-chair the Iran-Germany Economic Commission with his Iranian…
Tehran was host to a conference on heavy transportation titled “Heavy Iran 2016” last week. Representatives of international heavy transportation companies and experts participated in the event,…
The government will increase the guaranteed purchase prices of 24 agricultural products from local farmers by up to 15%, says the managing director of the Central Organization of Rural…
Chancellor of Sharif University of Technology Mahmoud Fotouhi Firouzabad announced the university’s plans to expand cooperation with Iraq and Afghanistan.
Shopping for furniture is one of the most difficult tasks to do, especially in Tehran. When one sets out to buy a sofa, for example, deciding on what to take home can be very confusing as there is…
Mobile roaming charges within the EU will now be significantly cheaper after an interim cap came into effect ahead of a full ban next year.
The cap makes roaming within the EU 75% cheaper…
Iran's second technology center will be inaugurated on May 18, said the head of Iran's Innovation and Prosperity Fund.
Behzad Soltani added that the second technology center, affiliated to…
South Africa’s SALT telescope has helped detect the first white dwarf pulsar, the latest co-discovery that has astronomers eager to use the largest optical telescope in the southern hemisphere to…
Malaysia’s Ministry of International Trade and Industry uploaded the “Guidelines on Doing Business with Iran” on Malaysia External Trade Development Corporation’s website on Saturday.
“The…
Iran and Turkey have the potential to increase their bilateral trade ten-fold to $100 billion annually, said Minister of Telecommunication and Information Technology Mahmoud Vaezi in a meeting…
