Economy

Iran’s non-oil exports to South Korea saw a 230% rise in the last fiscal year (March 2016-17) compared with the year before to stand at $2.87 billion. The East Asian country became Iran’s fifth…

Export duties for sheep and goat unprocessed leather and pickled hide have been cut. The duty on raw sheep and goat leather has decreased from 50% to 30%. Sheep pickled hide export duties have…

Belarus and Iran have agreed on exchanging customs statistics on mutual trade, state-owned national news agency of the Republic of Belarus. A meeting between Chairman of Belarus’ State Customs…

Germany’s machine tool exports to Iran increased by 64% in 2016 compared with the year before to stand at €33 million, an executive director with the German Machine Tool Builders’ Association,…

The findings of the recent National Population and Housing Census show population growth in Tehran is mainly driven by a large influx of migrants, rather than a natural increase in population, i.e…

Iran's Industries, Mining and Trade Minister Mohammad Reza Nematzadeh said the government is targeting 15 million tons/year of steel exports during the sixth five-year development plan (ending…

Tehran Stock Exchange’s main index gained 802 points or 1% during the week that ended May 24 to close at 81,146.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 11 points or 1.…

Thailand has set definitive anti-dumping duties on the import of hot-rolled flat steel products such as coil and sheet from Iran.

The definitive duties contain minor changes when compared…

A majority of Iranians chose to place their confidence in President Hassan Rouhani once again, as they believed the path his government took over the past four years was the right one, a prominent…

The landslide reelection of Iran’s president, Hassan Rouhani, reflects the by now familiar pattern of continuity and change that has characterized Iran’s major elections over the last two decades…

The Iranian Central Plateau Iron Ore Mines Complex plans to produce 1.2 million tons of granulated iron ore by the end of the current fiscal year (March 2018), company manager, Mohammad…

Iran's Cultural Heritage, Handicrafts and Tourism Organization has targeted the construction of 20 four- and five-star hotels by the end of the current Iranian year (March 20, 2018).

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Google’s DeepMind AlphaGo artificial intelligence (AI) has defeated the world’s number one Go player Ke Jie.

AlphaGo secured the victory after winning the second game in a three-part match…

Telecommunications Company of Iran is pushing ahead with plans to develop the country’s fiber optic network, as well as the Internet Protocol infrastructure that goes along with super-fast…

The 6th International Innovation and Technology Exhibition (INOTEX2017) wound up on Friday with record crowds and local startups attending the event.  

The second most popular low-cost ride-hailing app in Iran, Tap30, has been shut down in the shrine city of Mashhad by the city’s Taxi Guild.

Head of the guild Mahdi Alavi said, “The…

Researchers at Royan Institute have taken a step towards stem cell treatment of hair loss through laboratory studies on rats.

Dermal papillas are small ridges at the surface of the skin,…

The government plans to allocate 200 trillion rials ($5.3 billion) to prop up 10,000 enterprises in the current Fiscal year (March 2017-18), the chairman of Iran’s Small Industries and…

Banking hurdles have not hindered the agreements for the sale of new ATR aircraft to Iran, the chief financial officer of the French-Italian planemaker said.

“What is being said about…

The bylaw on insurance corporate governance was approved during the latest meeting of High Council of Insurance, the head of Central Insurance of Iran announced.

The CEO of Export Guarantee Fund of Iran, Kamal Seyed Ali, and Dusan Keketi, the head of Slovakia’s EXIMBANKA SR, signed a banking and insurance agreement on the sidelines of Berne…

Chief executives of state-run banks have pledged their support for President Hassan Rouhani and his economic vision for the country, as he is basking in a landslide reelection victory on May 19.…

 Shrimp production is estimated to increase by 43% to reach more than 30,000 tons in the current Iranian year (started March 21), the secretary-general of Seafood Exporters Union said.

Minister of Economic Affairs and Finance Ali Tayyebnia said the least damaging way of financing government expenditure is taxation.

For the first time, Iran exported 200,000 tons of wheat flour in the last three months to regional countries and Europe, Deputy Agriculture Minister Ali Akbar Mehrfard was quoted as saying by Mehr…