Economy

China is financing billions of dollars’ worth of Chinese-led projects in Iran, making deep inroads into the economy while European competitors struggle to find banks willing to fund their…

The 20th edition of Isfahan Handmade Carpet Exhibition is in full swing.  The event opened at Isfahan International Permanent Fairgrounds on November 30 and will run through December 6,…

Iranian Vice President for Women and Family Affairs Massoumeh Ebtekar and President of Estonia Kersti Kaljulaid met in Iceland on Thursday, calling for expansion of mutual relations and…

The Agriculture Ministry plans to increase Khuzestan Province’s agro production from the current 16 million tons to 27 million tons by the end of the 20-Year Vision Plan (2005-25).

“The…

With $420 billion GDP in 2016 and the telecom sector estimated at $8.5 billion, the telecoms industry accounts for approximately 2% of Iran’s gross domestic product.

Google is being taken to court, accused of collecting the personal data of millions of users, in the first mass legal action of its kind in the UK.

It focuses on allegations that Google…

Samsung will convene the third Iranian Electrical Technicians Olympiad in collaboration with Iran Technical and Vocational Training Organization from Dec.15-22.

Samsung has set up an…

Apple launched its Heart Study app on Thursday, which uses the Apple Watch’s heart rate sensor to collect data on a wearer’s heart rhythms and then notify them if they might be experiencing…

In a move to curb suitcase trade of cellphones, Islamic Republic of Iran Customs Administration recently announced that incoming passengers should not carry more than one cellphone and will have…

The US dollar gained against the rial on Wednesday to reach its highest value in Tehran’s foreign exchange market in almost a year. According to Tehran Gold and Jewelry Union’s website, the rial…

Financial institutions throughout the world have historically–voluntarily or otherwise–relied on mergers and acquisitions to adapt to an ever-evolving climate that has only surged following the…

Following the banking policies implemented during his first term in office (2013-17), President Hassan Rouhani has once again urged the country’s banking system to follow a roadmap that directs…

Iran imported some $1 billion worth of raw vegetable oil and exported around $76 million worth of edible oils in the last Iranian year (March 2016-17), the deputy head of Trade Promotion…

About $180 million worth of handmade carpets were exported from Iran during the seven months to Oct. 22, registering a 7.8% increase compared with the similar period of last year, the deputy…

Minister of Roads and Urban Development Abbas Akhoundi attended the One Belt-One Road Forum 2017 in Tbilisi and met with Georgian First Vice Prime Minister and Minister of Economy and…

Iranian electronics manufacturer Entekhab has submitted a letter of intent to purchase a 100% stake in South Korea’s Dongbu Daewoo Electronics.

The first phase of zinc concentrate production at Iran’s largest lead and zinc mine is set to be completed by the end of the next fiscal year (March 2019), the managing director of Mehdiabad…

The Central Securities Depository of Iran issued 19 trading codes for foreign investors in the eighth month of the current Iranian year (Oct. 23-Nov. 21) to trade in Iran’s capital market, the…

A business delegation from Tabriz in northern Iran was expected in Namibia's capital Windhoek on Wednesday to finalize a contract that in a year’s time could culminate in Iranian-designed…

After persistent calls and pressure from tire manufacturing companies the Industries Ministry has proposed a new guideline on tire imports including higher tariffs. If ratified, the tariffs will…

Daimler AG has rebuffed an offer from China’s Geely to take a stake of up to 5% via a discounted share placement due to long-held reluctance to see existing shareholdings diluted, people with…

BMW will boost spending on research and development next year, to 6.5-7% of sales, its finance chief, Nicolas Peter, told the German daily Handelsblatt.

Iran has kept up the pace of crude oil and natural gas production in the second and last term of Hassan Rouhani as president, government data indicated.

In a report…

In a letter to the Minister of Industries, Mining and Trade Mohammad Shariatmadari, Agriculture Minister Mahmoud Hojjati has called for reinstating the ban on rice imports until further notice…

The average age of regional airplanes is around five years, while that of Iran stands at 23, the head of Iranian Aviation & Space Industries Association said.