Economy

About 39,000 tons of seafood products worth $121 million were exported from Iran during the five months to Aug. 22, registering a 28% increase in value compared with the corresponding period of…

Based on President Hassan Rouhani’s decree on Wednesday to the Industries, Mining and Trade Minister Mohammad Shariatmadari, the scheme to reform the sales of a select number of non-staple goods…

Close to 3,170 tons of coconut worth more than 164.45 billion rials (over $5 million) were imported from eight countries to Iran during the five months to Aug. 22, data released by the Islamic…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 9.8% compared with last year’s…

France’s import from Iran reached $20 million during the five months to Aug. 22, rising by $11 million compared with last year’s corresponding period, the director of Europe and Americas…

Azerbaijan will run the first pilot train after the Astara-Astara railroad linkup in December.

This was announced by Azeri Minister of Economic Development Shahin Mustafayev following a…

Iran’s export price index has ended the sixth Iranian month (Sept. 22) at about 249.3, growing 3.7% compared to the preceding month, the latest statistics released by the Central Bank of Iran…

A Persian-language navigation mobile application ‘Daal’, developed by students at Sharif University of Technology is making a splash. The app has over 10,000 active users since its launch in…

The local fixed-line operator Telecommunication Company of Iran is planning to launch an Internet telephony service in Tehran

According to the TCI director for Tehran, Gholamreza Arab-…

There are plenty of very sensible reasons to go to the Tokyo Motor Show (held from Oct. 27 to Nov. 5), but far more interesting are the oddball products from the weirder corners of Japanese…

Preorders are now live for Apple’s iPhone X, following the announcement of the new smartphone in September at Apple’s annual iPhone event.

The iPhone X is now available on Apple’s…

President Hassan Rouhani has approved a bilateral initiative between the Central Bank of Iran and the Interior Ministry, which will grant the necessary authority to the two entities to prevent…

The Central Bank of Iran will conclude the process of overhauling the country's foreign exchange policies and rules by the end of the current Iranian year in March 2018, making them more…

The Ugandan capital city of Kampala hosted a business forum in the presence of Iranian Foreign minister Mohammad Javad Zarif.

“Since the victory of the Islamic Revolution, we have held…

Iran opened a border crossing with the Kurdistan region of Iraq Wednesday which was closed after a referendum on independence in the Kurdish area.

The so-called “Iran Trade Center” was inaugurated in the southern Russian city of Astrakhan on Wednesday in the presence of Iranian Ambassador to Russia Mehdi Sanaei.

The center aims to…

On May 19, Iranians voted for President Hassan Rouhani to serve a second term with the hope of seeing reforms carried out in the country’s economic arena.

The Central Securities Depository of Iran issued 240,000 trading codes for investors during the first seven months of the current Iranian year (March 21-Oct. 22) to trade in Iran’s capital…

Iranian steel mills produced 16.23 million tons of steel since the beginning of January up to the end of September, up nearly 30% compared with the nine-month period of 2016, according to the…

Russia is ready to take part in the development of the free trade zone on Armenia’s border with Iran, Russian Prime Minister Dmitry Medvedev said on Tuesday after he met with his Armenian…

Creditors of South Korea’s Dongbu Steel Company may face a setback in their plan to sell off the cash-strapped company’s electric furnace used for hot-rolled steel production to an Iranian…

Tehran Stock Exchange’s main index gained 107.60 points or 0.12% to end Wednesday trade at 86,529.2.

About 626 million shares valued at $38.98 million changed hands for the day.

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The largest local carmaker, Iran Khodro, has signed a joint venture deal on the production of gearboxes in Iran with a subsidiary of the South Korean automotive company, Hyundai PowerTech…

Haima Motors China, which has been present in Iran for almost two years, is set to expand its presence in the market.

The automaker has announced plans to produce 13,000 vehicles in the…

In the high-stakes, high-cost battle among global automakers to develop ever more efficient vehicles, one of the biggest breakthroughs in internal combustion engine technology in years looks to…