Economy

Sugarbeet production has reached 7.5 million tons so far this year, registering a new record, from which 1.9 million tons of sugar are estimated to be produced, an official with the Government…

The track-laying project covering 100 kilometers of Chabahar-Zahedan Railroad will be completed by March 20.

This was announced by Deputy Minister of Roads and Urban Development…

In the budget bill for the next fiscal year (starting March 21), the government has allocated 70 trillion rials ($1.62 billion) to provide aid to underprivileged households and individuals…

Automakers in China face their weakest year of sales growth in at least two decades as a phasing out of tax cuts on smaller engine cars that began in 2017 looks set to further dampen customer…

Continental AG is holding exploratory talks with advisers on possible changes to its structure, a move people familiar with the matter said could amount to a major overhaul and potential breakup…

Alabama will be the site of a new $1.6 billion Toyota Motor Corp. and Mazda Motor Corp. auto plant, a victory for President Donald Trump who has prodded manufacturers to build new US factories…

Since the beginning of the current Iranian year (started March 21, 2017), the government has taken a few measures, including the “Comprehensive Employment Scheme”,  to promote…

Boosting the purchasing power of home buyers has been the main agenda of President Hassan Rouhani’s administration in the past four and a half years and the latest statistics of home sales…

The draft of the amendment to the Anti-Money Laundering Bill has been approved by Majlis Judiciary Commission, the body’s rapporteur announced. Hassan Norouzi also told Fars News Agency on…

Majlis Joint Commission, the body responsible for reviewing the budget bill before its final parliamentary ratification, has approved the inclusion of a clause in the fiscal 2018-19 budget that…

The Majlis Joint Commission has given the nod to most of the government’s proposed figures in the budget bill for the next fiscal year (starting March 21) regarding the issuance of Islamic debt…

Iranian economist Hamid Azarmand believes that the gravest concern about the future of Iran’s economy is for the government to question economic reforms.

Excerpts of his write-up in the…

Tehran Stock Exchange’s main index lost 183.23 points or 0.19% to end Tuesday trade at 96,149.3.

About 1.04 billion shares valued at $52.9 million changed hands at TSE for the day.

Iran exported more than €8.24 billion worth of commodities to the 28 member states of the European Union during the 10 months to Oct. 31, 2017, indicating a 109% hike compared with the similar…

The government has started paying the dividends of “Justice Shares” as of Tuesday with its cap set at 500,000 rials ($11.54) for each shareholder, the head of Iran Privatization Organization…

Tehran Municipality’s budget bill for the next fiscal (March 2018-19) will be submitted to the Tehran City Council on January 20, the deputy mayor for planning and urban development said.

Out of the seven prioritized rail projects in the current Iranian year (started March 21, 2017), one has been completed and six others are under construction and estimated to become operational…

Heading a nine-member delegation of representatives of private companies, Minister of Roads and Urban Development Abbas Akhoundi is scheduled to visit India on Wednesday.

Akhoundi plans…

Majlis Joint Commission has okayed the government-proposed threefold rise in departure tax for the next fiscal year’s (March 2018-19) budget bill from current year’s 750,000 rials ($17) to 2.2…

As per the budget law for the current fiscal (March 2017-18), the government should provide Road Maintenance and Transportation Organization, affiliated with the Ministry of Roads and Urban…

More than $87 million worth of goods were exported from the northeastern Khorasan Razavi Province during the first nine months of the current Iranian fiscal year (started March 21, 2017),…

The Eighth International Architecture, Modern House, Interior Design and Lighting Exhibition, also known as MIDEX 2018, is scheduled to be held from Jan. 11 to 14 at Tehran’s International…

LG’s CLOi robot got a case of stage fright. The adorable white, curvy CLOi, who stands less than a foot tall with a black circular face and glowing blue eyes, is supposed to act like the hub of…

In a renewed bid not to lose customers, two major Iranian Internet service providers, Asiatech and Shatel, have started offering promotional services. Asiatech has signed a deal with local video…

Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.