Economy

A fatal accident in which the driver of a Tesla Motors' Model S car operating in Autopilot mode was killed in a collision with a truck has prompted an investigation by federal highway safety…

The chief executives of four public banks have been sacked as part of a broad government campaign to crack down on undeserving astronomical salaries.  

Economy Minister Ali Tayyebnia…

Ratings agency Fitch has visited Iran as more foreign banks show interest in working in the country six months after sanctions were lifted, according to a senior central bank official.

Muhammad Kazem Choghazardi, the CEO of Bank Sepah, announced that his bank is monitoring the ailing production sector in the country and is willing to help them with new loans.

President Hassan Rouhani announced on Wednesday he has signed the much-anticipated Banking Overhaul Plan into law, which is seen as a milestone in initiating reforms in the beleaguered banking…

A senior International Monetary Fund official expressed optimism about Iran's ability to increase global confidence in its economy, after months of international reluctance to invest and trade…

Iranian steel mills have realized close to half of the crude steel production capacity target set in the 20-Year National Vision Plan (2005-25), according to Iranian Mines and Mining Industries…

Stock markets remained stable as volatility subsided in the last week of June, as Iran’s isolation shielded it from the global turmoil that rocked markets after British voters decided to leave the…

Iran Mercantile Exchange has become a member of World Federation of Exchanges, the head of Iran Securities and Exchange Organization, Mohammad Fetanat, announced on Thursday. According to Fetanat…

The size and deals struck by the South Korean mission that recently visited Iran show how the East Asian country sees and values the Middle Eastern country.

Iran’s sugar reserves are sufficient to meet domestic demand, the deputy head of Government Trading Corporation of Iran said. “The government has no problem in feeding factories and controlling…

Palm oil imports registered an average annual rate of 400,000 tons over the past two years, indicating a 57% decrease compared with the preceding two years, according to Iran’s Food and Drug…

With Britons having voted to exit the European Union, Britain could eventually expand its trade with Iran that is hungry for foreign investment, especially in its energy sector.

Roads and Urban Development Minister Abbas Akhoundi said Iran is under no obligation to buy Airbus A380 superjumbo jets.

The order for the double-decker jetliners grabbed attention in…

A senior Iranian official has invited Luxembourg’s businessmen to put their money into the exploration of Iran’s mineral wealth.

The ninth Islamic month of Ramadan is marked worldwide by fasting. Unsurprisingly, almost all the search trends in June centered on Ramadan.

In first spot was the search term Shab-e-Qadr…

After raising eyebrows around the world earlier this year, Indian smartphone company Ringing Bells has announced that it will begin shipping its suspiciously cheap Freedom 251 phone from June 30…

In the last Iranian year (ended March 19, 2016), Iran’s mobile operators made more revenues from the sales of data and value-added services while revenues from voice calls and text messages…

Divar, an Iranian e-commerce company, providing consumer-to-consumer sales and exchange services via the Internet, has been launched in Afghanistan.

Chinese telecom equipment maker ZTE Corp will set up a 1.2-billion-yuan ($180.38 million) fund to invest in private technology, media and communication startups, and diversify its business.

The US dollar on Wednesday surged to a 3-month high against the rial and was sold for 35,380 rials in Tehran’s open market. The American currency gained 0.94% from the previous day’s close of 35,…

Pakistan’s Federal Minister for Commerce Khurram Dastgir Khan has directed the representatives of the country’s banks to give viable proposals within a month for facilitating banking transactions…

The Money and Credit Council–the highest monetary decision-making body – voted Tuesday to lower lending rates by two percentage points. The decision comes after private banks decided earlier this…

In response to ambiguities concerning the status of Iran in the Financial Action Task Force (FATF), the general manager of the anti-money-laundering division of the Central Bank of Iran said…

Money and Credit Council–a decision-making body– has increased the minimum capital needed for the establishment of banks in free trade zones from €25 million to €150 million. The MMC also…