Economy

Volkswagen is ending production of its Beetle in 2019, closing the door on one of the world’s most iconic car designs.

The German company said output would end at its plant in Mexico…

General Motors is recalling more than a million pickup trucks and SUVs in the US because of power-assisted steering problems that have been cited in a number of accidents. GM says the power…

Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed.

IRIB News reported that Iranian banks and credit institutions granted 1.1 quadrillion…

Germany and its European partners are considering setting up a payment system with Iran, which allows the continuation of business transactions with the Islamic Republic once US sanctions kick…

Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month. Hemmati added…

A senior member of Expediency Council, a body that settles disputes between the Majlis and the vetting body Guardians Council, said EC members have not rejected the government bill to amend the…

Procedures and formalities required for the customs clearance of imported essential goods, including rice, vegetable oil, tea and raw materials needed by factories, are now carried out in less…

The ban imposed on exports of packaging paper and tissue has been lifted. This was notified by director general of exports affairs with the Islamic Republic of Iran Customs Administration, Ali…

The ban on reemployment after the retirement of public employees will be legally enforceable within two months, the spokesman of Guardians Council, Abbasali Kadkhodaei, said.

Iran traded 2.04 million tons of non-oil commodities worth $2.08 billion with South Korea during the first five months of the current fiscal year (March 21-Aug. 22), registering a 54.97% and 34.…

The first quarter of the current Iranian year (March 21-June 21) saw exports and imports in dollar terms of “Fishing” sector register the most remarkable changes, the Statistical Center of Iran…

Iran, India and Afghanistan held trilateral discussions for the first time ever in Kabul earlier this week.

The Indian contingent was headed by Foreign Secretary Vijay Gokhale who met…

Companies from dozens of countries are showing their wares at the Damascus International Fair this week, but those from two in particular are getting special treatment—Russia and Iran.

A crisis is emerging in Iran’s healthcare sector, as patients are reporting shortages in life-saving medicine.

The situation is expected to worsen once US sanctions on Iran are reimposed…

Seven construction and renovation projects have been launched at Tehran’s Mehrabad International Airport with 700 billion rials ($5.14 million) of government investment.

Changes in Iran Mercantile Exchange regulations have done wonders for the stocks market. 

Talks of the removal of price ceiling for steel products in IME led to a major inflow of…

During the first five months of the current fiscal which started in March, the total value of mobile phones imported into Iran has amounted to $239,790,594. According to data released by the…

Britain said surcharge-free roaming for mobile users could no longer be guaranteed after a no-deal Brexit, meaning consumers could be hit with higher charges to make calls, send texts and use…

In past years, when Apple Inc. did not have a new iPhone design, it still had a breakthrough new feature: video recording in 2009, the Siri digital assistant in 2011, a fingerprint scanner in…

A senior lawmaker has voiced support for three of four legal measures required from Iran to be in good standing with the Financial Action Task Force, but said a guarantee is needed from the…

Days after a high-ranking official announced that Iran’s government has embraced cryptocurrency mining, another peer has said requirements are in place to develop the industry quickly.

A member of Majlis Plan and Budget Commission said the Leader Ayatollah Seyyed Ali Khamenei has consented to the allocation of $1 billion from the National Development Fund of Iran for boosting…

The global average aluminum consumption growth stands at 6% per year while the rate is 12% in Iran, according to Chairman of Iranian Mines and Mining Industries Development and Renovation…

Terminal 2 of Larestan International Airport located near the city of Lar in Fars Province's Larestan County was inaugurated on Tuesday, the Ministry of Roads and Urban Development's news…

Share trading on Wednesday started with a bang, as Tehran Stock Exchange’s main index made a 6,000-point jump in the first hour of the trading day alone, exceeding 155,000 points by the end of…