Economy

Foreign investments in Iran increased by $3.124 billion during the previous fiscal year that ended on March 20, 2017, the director of the Organization for Investment, Economic and Technical…

Steelmakers exported 359,572 tons of semi-finished and finished steel products, including billet, bloom, slab, rebar, beam and coil, in the first month of the current fiscal year ending April 20,…

Tea production is estimated to increase by at least 5% this year, thanks to favorable weather conditions and abundant precipitation, the head of Tea Farmers Union said. “This year’s tea harvest…

First Vice President Es’haq Jahangiri said making improvements in the business environment is a prerequisite to any development, while outlining the prospective government’s economic agenda.

Some 33,000 tons of seafood worth $148 million and 25,000 tons of dates worth $30 million are exported from Bushehr Province every year, an official with Bushehr Agricultural Jihad Organization…

The manufacture of aircraft parts in Iran was among the topics negotiated between Iranian authorities and major planemakers who have secured contracts to supply passenger jets to the Islamic…

Panid Engineering Co., a private domestic firm based in Tehran, has reportedly reached an agreement with US-based Pall Corporation to build a plant for manufacturing filters for the oil industry,…

Esfahan Steel Company is planning to boost the current fiscal year’s (March 2017-18) exports by 40% to about 1 million tons, the company’s chairman, Ahmad Sadeqi, has been quoted as saying by IRNA…

The final feasibility report on bauxite extraction in Guinea-Conakry was approved by Iranian and Guinean officials in Tehran on Tuesday.

Tehran Stock Exchange’s main index added 268.30 points or 0.34% to end Wednesday trade at 80,127.1.

More than 1.72 billion shares valued at $84.73 million changed hands for the day.

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Ancient Persians would have cheered the commissioning by Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev in March of a new railroad connecting their countries.

The…

One of the most popular low-cost ride hailing apps in Iran, Tap30, has offering services in the northeastern shrine city of Mashhad, capital of Khorasan Razavi Province, following a successful…

Smartphone integration in cars -- specifically Android Auto and Apple CarPlay -- is finally past the tipping point of revolutionizing the in-car experience.

Denmark’s Saxo Bank co-founder Lars Seier Christensen agreed to sell his 26% stake in the bank to a subsidiary of Chinese automaker Zhejiang Geely Holding Group.

The investment marks Geely’…

Iran Khodro Industrial Group, Iran's largest automaker, will produce several new models with the help of major local and foreign partners, including Pininfarina, Mahle, Hyundai…

Tehran Stock Exchange’s main index added 114.70 points or 0.14% to end Tuesday trade at 79,858.8. More than 2 billion shares valued at $103.6 million changed hands for the day.

Shirin…

Daryl Oster, CEO of tube transport ET3 Global Alliance said his system has attracted competition in the next generation transportation field from companies like Elon Musk’s Hyperloop system. Oster…

The Central Bank of Iran will firmly confront unruly lenders, the head of CBI’s Department for Supervision said. Stressing the necessity of monitoring banks violating CBI’s policy regarding…

Trucks are not the only form of transport heading towards artificial intelligence. Norway is now reportedly experimenting with a new way to transport goods by autonomous electric ships. The…

Telecommunication Company of Iran (TCI) has joined hands with three foreign firms — Huawei and Fiber Home from China and Finland’s Nokia — to expand its fiber optic network and…

Although Iranian steelmakers are expanding capacity every year, production is not keeping pace.

Chinese smartphone maker Oukitel is releasing a new smartphone with a 10,000mAh battery which is likely to last days without needing to be charged. Called the K10000, it is set to be released…

Microsoft’s artificial intelligence personal assistant called Cortana is heading to a high-quality speaker produced by Harmon Kardon, according to a new listing on the firm’s website.

Chinese smartphone producer Huawei has joined hands with Iran’s first (and still largest) general e-retailer platform, Digikala and is offering special sales packages for its latest flagship…

The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head of Iran’s Monetary…