Economy

Iranian and South Korean private companies signed 22 memorandums of understanding late on Sunday at Tehran’s Milad Tower for the South Korean side to transfer technology to Iran in the fields of…

Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy…

Engineers from Amirkabir University of Technology have designed speed bumps, which harvest solar power and kinetic energy from the passing traffic and produce electric energy. “The bump is a…

Nissan Motor Co and Japanese gaming software maker DeNA Co say they would begin public tests of their self-driving ride-sharing service in Japan next year.

The two companies join a…

The automotive industry is the second most active industrial sector in Iran after oil and gas. Based on data released by the Ministry of Industries, during the first eight months of the current…

As a part of government’s plan to boost small- and medium-sized enterprises through the allocation of credit, since the beginning of the current Iranian fiscal on March 21, Iranian banks have…

Governor of the Central Bank of Iran Valiollah Seif asked the country’s banking system to gradually shift their lending practices and fund small- and medium-scale enterprises instead of big…

Most foreign currencies in Tehran’s market gained against the rial on Sunday, as the currency demand for overseas travel increase toward the end of December and the holiday season.

The…

The total projected income of eight Iranian state-owned banks, plus the Central Bank of Iran, has been put at 845.2 trillion rials ($20.09 billion) in the budget bill submitted to the parliament…

The Islamic Revolution Mostazafan Foundation’s sales value stood at 280 trillion rials ($6.6 billion) in the last Iranian year (March 2016-17).

The CEO of Raja Rail Transport Company has called on the government to settle its 3-trillion-rial ($71 million) debt owed to this company as soon as possible.

Since the fiscal March 2014-15, 11 films have each managed to gross over 100 billion rials ($2.37 million).

The top three were screened in the current year (March 2017-18), Mehr News…

About $1.34 billion worth of non-oil commodities were exported from East Azarbaijan Province to 101 countries during the eight months to Nov. 22, registering a 9% rise compared with last year’s…

President Hassan Rouhani presented the budget bill for the fiscal 2018-19 to the parliament on Sunday, a document he called a blueprint for generating employment, eliminating poverty and…

Tehran Stock Exchange’s main index gained 38.60 points or 0.04% to end Sunday trade at 91,198.9.

About 634 million shares valued at $39.7 million changed hands for the day.

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Iranian steelmakers and iron ore companies are actively working on the expansion of iron ore processing and direct reduced iron/hot-briquetted iron capacities to fulfill the government’s plan…

Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.

This was announced by the global web-based professional…

Arvand Kaveh Steel Company’s first phase of production is scheduled to be inaugurated by First Vice President Esh’aq Jahangiri on Monday, the company’s managing director, Hashem Nezamabadi,…

The latest Eurostat data shared with Financial Tribune show Italy was Iran's biggest trade partner in the European Union during the nine months ending September 2017, with bilateral trade…

Iran's electricity supply to Pakistan increased by around 5% in fiscal 2016-17 (ended on March 20) compared to the previous fiscal.

An online database for Iranian libraries has been launched by the Iranian Research Institute for Information Science and Technology (IRANDOC), affiliated to the Ministry of Science.

San Francisco officials have voted to restrict where delivery robots can go in the city, in a blow for the burgeoning industry.

Start-ups will have to get permits to use such bots, which…

Sharif University of Technology will hold a conference on the role and importance of entrepreneurship this week in Tehran.

According to the university website, the event ‘University and…

A new re-useable glucose-monitoring smartphone case developed by engineers at the University of California San Diego could make it easier for diabetics to test blood glucose without using a…

Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation…