EghtesadOnline: During the first four months of the current fiscal which started in March, Iranian automakers manufactured 436,136 cars and commercial vehicles, down 0.1% from last year’s 436,413 units.
EghtesadOnline: Unperturbed by the current economic volatility that Iran is grappling with, the ICT minister envisions a bright prospects for local startups saying he still believes that at least five Iranian startups will grow to become unicorns in the not too distant future.
EghtesadOnline: The ATR 72-600 planes recently delivered to Iran Air have become operational, with one making its debut flight on domestic routes from Tehran to Mashhad on Friday.
EghtesadOnline: The recent ban imposed on the import of certain products has caused serious problems for countries wishing to continue trade with Iran, despite United States' sanctions.
EghtesadOnline: German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.
EghtesadOnline: The widespread clash between ride-hailing services like Uber and Lyft on one side and authorities and old-school cabbies around the globe has made its way to Iran, with municipalities across the country calling on the government and Parliament to "regulate" the online services, while ride-hailing firms oppose such interventions arguing that such moves would certainly create a conflict of interests involving authorities.
EghtesadOnline: Tehran sold $126 million worth of Persian rugs to the American market last year, but the new US sanctions on Iran have targeted the hand-woven carpets.
EghtesadOnline: Aiming to curb Iran’s overreliance on oil revenues and increase the share of knowledge-based firms in the national economy, President Hassan Rouhani’s government has established centers which are dedicated to promoting such companies and paving the way for them toward a stronger presence in foreign markets.
EghtesadOnline: Iranian parliament members in step with the government are moving ahead with a proposed plan to relax state sway on the country's auto market, a move aimed at removing the car price caps that are currently in place for mid-range vehicles.
EghtesadOnline: The ICT minister has called on the officials in charge of Iran Post Company to adopt measures to broaden the business and increase revenues, through the expansion of services as the top authority sees more room for variety in the sector.