Economy

At present there is no trade between Iran and Saudi Arabia, the head of Trade Promotion Organization of Iran said.

Due to the shortage of water resources in Iran, expansion of area under agricultural cultivation is not an option, a deputy agriculture minister said. We need to focus on increasing farmlands. One…

Dismissing rumors of an imminent rise in the prices of home appliances, Chairman of Iran’s Home Appliances Association Mohammad Tahanpour said high rents and increased production costs have…

Iran is studying the technical and financial terms of agreements with French company Total and Royal Dutch Shell on the construction of petrochemical plants in the country and will sign contracts…

A local real estate agency aggregator website is looking to help home buyers pick reputable companies through an additional service.

Iran’s real estate sector has been one of the online…

The Minister of Communication and Information Technology Mahmoud Vaezi has called  for unblocking people’s access to Twitter.

Landline Internet users will be offered unlimited data packages, said Mohammad Javad Azari Jahromi, CEO of the Telecommunications Infrastructure Company of Iran (TIC).

The announcement…

Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition.

The city council’s…

Privately-owned Internet service provider AsiaTech, inaugurated a national data center in western Tehran on Saturday.

The center, located at the base of Tehran’s iconic Milad Tower, will…

Flat steel import prices continued to move up in Iran over the past seven days, in line with the positive trend in the global market.

Exports of iron ore will be halted by the end of the next fiscal year (March 20, 2019), a deputy minister of industries, mining and trade announced.

The euro gained against rial on Monday morning and hit a record. The high demand currency in Tehran’s market changed hands for 44,470 rials, which is the highest in the past three years. According…

The latest directive issued by the Central Bank of Iran obligating the conformity of banks to the International Financial Reporting Standards will not hinder lenders from holding annual general…

Iranian rent-to-own firms registered another improved year-on-year performance while their main lessees were people seeking to purchase cars, the secretary-general of the National Association of…

As a part of a non-oil export promotion package, the National Development Fund of Iran has allocated $500 million to the Export Development Bank of Iran for distribution among Iran's exporting…

The Central Bank of Iran is ready to provide a competitive environment when it comes to banks’ information technology, CBI’s governor announced at the inauguration ceremony for CBI’s newly-…

Steel consumption in Iran during the first quarter of the current fiscal year (March 21-June 21) stood at 5.19 million tons, up 20% year-on-year and 323,000 tons more than domestic production, the…

Iranian truck-maker Saipa Diesel has signed a contract with Iran Road Maintenance and Transportation Organization, Iranian Fuel Conservation Company and Tose’e Ta’avon Bank on Saturday to replace…

Tehran Stock Exchange’s main index gained 508.30 points or 0.63% to end Saturday trade at 80,670.8.

About 903 million shares valued at $116.8 million changed hands for the day.

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The government has purchased more than 173,000 tons of colza from local farmers so far this crop year, registering a 260% increase compared with the corresponding period of last year, the head of…

Iran's oil minister said there will be no ambiguities in payments and financial transactions pertaining to the gas deal with French energy company Total.

Less than 5 billion cubic meters of water are annually used in the cultivation of all of Iran’s exported agricultural products, a deputy agriculture minister said.

Cargo handling capacity in Iranian ports increased 17% during the administration of President Hassan Rouhani, the head of Iran Ports and Maritime Organization said, adding that port capacity…

Some 300,000 tons of dairy products were exported from Iran during the first three months of the current fiscal year (March 21-June 21), registering a 70% increase compared with the…

More than 22,150 tons of sheepskins worth 2.4 trillion rials ($63.57 million) were exported in the last Iranian year to March 20, 2017.

The main export destinations included Italy, Germany…