Economy

Luxembourg’s Economy Minister Etienne Schneider started his three-day visit to Iran on Monday.

He is accompanied by a Chamber of Commerce business delegation comprising 40 representatives…

Iran’s Ports and Maritime Organization is planning to expand the capacity of Iranian commercial ports from the current 209 million tons to 217 million tons, managing director of the organization…

Tehran Stock Exchange’s main index gained 138.10 points or 0.18% to end Monday trade at 77,707.2.

More than 945 million shares valued at $106 million changed hands for the day.

Negin…

A Turkish delegation of auto parts suppliers visited Pars Khodro’s production plants this week and announced their interest in expanding collaboration with the Iranian company.

The…

Renault has launched the Adventure Edition of the Duster in India for the reasonable price of 964,000 rupees ($14,497/500 million rials).

The Adventure Edition will be offered on both the…

Renault is to produce its hugely popular model, Kwid, in Iran and it is to be priced at about 31 million rials ($8,800 at market exchange rate).

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh discussed expansion of bilateral ties with his counterparts and private sector directors from ASEAN member states.

During a…

Marine industries have applied for one trillion rials ($31.6 million) in loans from banks since the beginning of the fiscal year in March, said the head of the Fund for Development of Marine…

Vice-governor of the Central Bank of Iran says the banking overhaul plan has been devised, among other things, to curb the effects of a war between the banks and credit institutions on interest…

The Central Bank of Iran has issued new guidelines clarifying domestic banks’ interaction with their foreign peers and businesses. The guidelines, published in the form of a directive Sunday,…

Tehran Stock Exchange’s main index lost 317.30 points or 0.41% to end Sunday trade at 77,569.1.

More than 1.1 billion shares valued at $75 million changed hands for the day.

Vehicle…

Iran’s railroad transportation capacity needs to increase fourfold to 88 million tons in about nine years to help fulfill the steelmaking target set in the 20-Year Vision Plan (2005-25), said an…

A large segment of Iran’s workforce is jobless.

A new study shows long-term unemployment at alarming levels, especially among college graduates and women. Although Iran’s economy is…

In a bid to minimize the export of unprocessed iron ore, all producers of the industrial material are mandated to prioritize meeting the domestic demand by offering their products in Iran…

Iranian steel buyers struggled to fix prices last week despite the stagnant market, which usually favors them in determining prices rather than sellers.

The above statement was made by…

About 33,000 tons of seafood worth $95 million were exported five months into the current Iranian year (started March 20), registering a 52% and 38% rise in weight and value respectively compared…

Close to 170,000 tons of apples worth $57.5 million were exported during the first half of the current Iranian year (started March 20), registering a 300% and 220% rise in weight and value…

The Iranian government has invited a prestigious group of international investors that includes the Heinz Family Office, Capital Group and Fidelity to visit the country following the relaxation of…

Russia’s Federal Agency for Tourism is speeding up the process of abolishing visa requirements for tours from Iran and India.

Speaking to the state-owned Russia-24 news channel, Oleg…

Minister of Roads and Urban Development Abbas Akhoundi arrived in Ecuador’s capital Quito on Sunday to participate in the Habitat III United Nations Conference on Housing and Sustainable Urban…

Iran exported some 488,500 tons of non-oil goods worth $290 million to Italy during the first half of the current Iranian year (started March 20), registering a 4% decline in value compared with…

Buoyed by Samsung’s embarrassment with its Galaxy Note7, Huawei announced the Nova and Nova Plus will be released in China from October 16, and is bound to build on the popularity of its other…

Demand for service robots is expected to accelerate in the next three years as robots, which are already used to perform tasks such as assisting medical surgery, milking cows or moving objects…

Windows Phone, that not loved mobile operating system, now has thousands of US police officers looking at their handsets, thanks to a deal between Microsoft and NYPD.

Iran’s Islamic Azad University is to offer undergraduate courses in game development, the university’s website announced.

IAU, which is the largest academic body of the country, and Iran…