Iran will send a new domestically-built sensing-operational satellite, named ‘Soha’ into orbit next year, head of Iran Space Research Center, Hassan Haddadpour, said on Sunday. “The first sensor-…
Economy
Economy
The “Mechatronic and Information Technology City” project will move along the pathway to create a Silicon Valley-like site in the country.
At a meeting on Monday, Ali Mohammad Noorian,…
Economy
Programmers from Iran’s largest local Android app store have developed a new payment application which enables users to transfer money via Bluetooth technology.
According to the local…
Economy
The possibility of direct transfer of money between an Italian bank and 20 other Iranian banks has been established, Tehran Chamber of Commerce, Industries, Mines, and Agriculture has announced…
Economy
company is set to review its strategies.
“Plans have been devised to develop and improve the hardware, software and human resources capabilities of Shapark for revamping it,”…
Economy
Bank Mellat–a lender with extensive experience in designing and implementing banking software systems—has launched a fraud detection software that will promote the security of its digital…
Economy
The chief executives of state-owned and private banks will reportedly convene on June 7 to decide about bank interest rates for the period leading to the end of the current Iranian year (March 20…
Economy
As the possibility of mergers in the Iranian banking system strengthens, a senior lawmaker has lent his support to the proposed measure, saying the move could help banks upgrade to international…
Economy
The Government Trading Corporation of Iran has bought more than 2 million tons of wheat from domestic farmers across the country so far this crop year, according to GTC’s new managing director,…
Economy
Iran exported close to 360 tons of barberry worth over 70 billion rials (about $1.9 million) to 31 countries in the last Iranian year (ended March 20, 2017), data released by the Islamic Republic…
Economy
Iran has shown more activity in the semi-finished product trade over the past week, amid a generally positive mood.
Offers for billet from Iran were heard by Metal Bulletin reporters in…
Economy
More than 6,300 tons of cargo were transported from Zahedan in the southeastern Sistan-Baluchestan Province to Pakistan’s Quetta during the first two months of the current Iranian year (March 21-…
Economy
Protectionism undertaken by a government to restrict international trade, often done with the intention of protecting local businesses and jobs from foreign competition, hurts Iranian consumers.…
Economy
The Moscow-led Eurasian Economic Union aims to finalize a free trade deal with Iran by the end of the year, in a drive by Russia and its fellow members to deepen ties with Tehran.
Trade…
Economy
Stocks underperformed for the third consecutive trading day on Monday at the Tehran Stock Exchange (TSE) with the benchmark wiping out its earlier gains, slipping to a new low within the past 7…
Economy
Exports of semi-finished casting products are on the rise despite shortage in the domestic market.
In fact, shipments destined abroad have increased so much that there are not enough semis…
Economy
The Iranian decorative stone sector is currently going through a rough patch. Of the 6,500 stone processing units in the country, about 500-2,000 have gone out of business in recent years.
Economy
A Swedish firm, MentMed AB, has signed a memorandum of understanding with Iranian medical firm Kian Tajhiz Mehr Afarin to develop accessibility products for the elderly and disabled in Iran. The…
Economy
Head of the Iranian Automobile Importers Association has called on the government to revise its definition of “luxury cars,” stating that “engine size” is not an appropriate token for classifying…
Economy
TAM Co, an auto parts subsidiary of Iran Khodro (IKCO), and Germany’s Siemens signed a memorandum of understanding (MoU) on Sunday to develop joint projects and facilitate future production.…
Economy
BMW is set to extend production halts in Germany to China and South Africa Monday as the automaker grapples with a shortage of steering parts.
Production at factories in Shenyang, China,…
Economy
A Renault Kwid hatchback has been spotted on a highway in Tehran with a temporary license plate, according to eagle-eyed car enthusiasts following the vehicle on May 28, Iranjib.ir reported.
Economy
South Korea's Hyundai Motor Group is looking for a stronger presence in Iran's auto market through better services and improving relations with car buyers, says the chief executive of Kerman Motor…
Economy
Trade between Iran and China stood at $12.1 billion during the first four months of 2017, up from $8.1 billion in the corresponding period of 2016, registering an increase of over 49%, the General…
Economy
The Iranian petrochemical industry has the capacity to receive significant new investments from banks, the chief executive of the Export Development Bank of Iran said, adding that his bank is…
Economy
