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.
EghtesadOnline: Central Bank of Iran's new forex policy has helped calm various markets in Iran, including the tumultuous mobile phone market, as reports point to a drop in prices as much as 10%.
EghtesadOnline: Australian exporters exposed to economic sanctions imposed on Iran are being urged to seek legal advice.
EghtesadOnline: MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new US sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.
EghtesadOnline: In a move aimed at soothing the disheveled Iranian mobile phone market, the government of President Hassan Rouhani has sped up the release of handsets from customs warehouses and in the coming days some 600,000 cellphones will receive clearance and enter the market.
EghtesadOnline: As the US reimposes sanctions on Iran, some small European businesses remain steadfast in their choice to continue trading with Tehran despite “risks”.