Economy

Iran’s Road Maintenance and Transportation Organization has filed a complaint with the judiciary against ride-hailing service Snapp. According to the organization’s director Davood Keshavarzian “…

The rial fell to a five-month record low against the US dollar in Tehran's market on Sunday. According to Tehran Gold and Jewelry Union’s website, the greenback changed hands for 38,120 rials in…

Another bust, another boom and iron ore miners and the government are at it again.

Miners have just recently come out of survival mode, as prices are rising. Mostly privately-owned, they…

Tehran Stock Exchange’s main index gained 70.50 points or 0.09% to end Sunday trade at 81,491.4.

About 628 million shares valued at $58.70 million changed hands for the day.

Trading…

About 11,000 people will be hired by state-run executive bodies in the current fiscal year (March 2017-18), the head of Administrative and State Recruitment Organization said. Jamshid Ansari added…

More than 27.9 million tons of oil and non-oil goods were loaded and unloaded in Shaheed Rajaee Port during the first four months of the current Iranian year (March 21-July 22), registering a 5%…

Bank Parsian is to open its second branch in Iraq in the foreseeable future, a member of its board of directors said. “In line with answering the need for transferring foreign currencies, we have…

The Central Bank of Iran has notified an executive directive to seven banks for allocating a major portion of their annual budgets for creating sustainable jobs through loans and incentives.

While the long-lasting stagnation in the Iranian housing sector prevailed in the first month of summer, which was expected to mark a turning point in the key sector, the number of home sales in…

Bank Melli Iran, the nation’s biggest bank, has made significant headways in conforming to International Financial Reporting Standards, its chief executive said.

Iran’s resources deposited in foreign banks could be used as collateral by exporters of engineering services in their international tender bids, a member of Tehran Chamber of Commerce, Industries…

Currently 80% of the pesticides needed in Iran’s agriculture sector are produced inside the country, the head of Plant Protection Organization of Iran, Mohammad Ali Baghestani, said.

“All…

The 26th International Exhibition of Home Furniture, otherwise known as HOFEX 2017, is scheduled to be held from August 1 to 4 at Tehran’s International Permanent Fairground.

The latest report released by the Central Bank of Iran indicates a slowdown in inflation’s uptrend.

The average inflation rate for the 12 months ending July 22, which marks the end of the…

Brazil exported about $2.2 billion worth of commodities to Iran and imported $75 million in return in the last Iranian year that ended on March 20, 2017, the head of Iran-Brazil Joint Chamber of…

Iran can achieve self-sufficiency in sugar production within the next four years provided domestic factories are equipped with up-to-date machinery.

China has traditionally been Iran's biggest trading partner. The Joint Comprehensive Plan of Action, the official name of the nuclear deal Iran signed with world powers, including China, in 2015…

Iran produced some 18 million tons of petrochemicals and polymers in the first four months of the current fiscal year (March 21-July 22), meeting nearly one-third of its production target for the…

The next version of Microsoft’s HoloLens may be better at navigating reality than the current version of the mixed-reality headset, thanks to a new coprocessor the company announced Sunday.

A new a knowledge-based website, hitechexport.ir, has been launched with the aim of exporting technological products.

The platform, supported by Iran’s Vice Presidency for Science and…

Apple has called time on the last remaining app-free music players produced by the firm, iPod Nano and iPod Shuffle, according to Reuters. The main reason for the ending of the two basic music and…

Moghan Cable and Wire Company, a local manufacturer of telephone cables, has begun exporting its products to several countries.

CEO Mehdi Ebrahimian, said his company is now exporting…

Apple Inc says it is removing virtual private network (VPN) services from its app store in China.

VPN services offer access to internal networks and are popular in several countries for…

Iran's crude oil exports to European Union countries in the first four months of the year reached 9.31 million tons, more than six times higher than those in the corresponding period last year.…

The Iranian mining sector has a lot to boast about. With huge untapped reserves, cheap energy and skilled workforce, the industry seems set to be a major driver of the economy.

Yet,…