Economy

A $1 billion NASA mission that will use a laser to track changing ice levels on Earth soared into space early Saturday, launching into a predawn California sky on a mission that also marked the…

Samsung has announced a surprise event on October 11 for a new Galaxy device. The invitation teases “4X fun”. It is not entirely clear what device Samsung is teasing here.

Bank Maskan, the agent bank of Iran’s housing sector, has released the latest report on its resources and expenses, indicating that its customers mostly favor short-term deposits.

Former governor of the Central Bank of Iran, Tahmasb Mazaheri, has welcomed the action taken by CBI in establishing the Secondary Forex Market, adding that by doing this, the bank has accepted…

The government will start levying taxes on business owners' transactions processed through point-of-sale devices to combat tax evasion, the head of Iran National Tax Administration announced.…

After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now…

Major Iranian steelmakers exported a total of 3.10 million tons of semi-finished and finished steel products during the first five months of the current fiscal year (March 21-Aug. 22) to…

Tehran Stock Exchange’s main index gained 3,058.12 points or 1.97% on Saturday to end trading at 158,119.2.

About 4.16 billion shares valued at $120.88 million changed hands at TSE for…

The Plan and Budget Organization of Iran signed a memorandum of understanding with the Ministry of Cooperatives, Labor and Social Welfare on Saturday to increase employment opportunities in the…

The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after Nov. 4, US Secretary of State Mike Pompeo said on Friday…

Afghan security forces have arrested 13 individuals in Herat Province on charges of smuggling dollars to Iran.

Following the rapid decline of Afghan currency against the greenback,…

Iran’s major aluminum companies produced an aggregate of 151,691 tons of aluminum products during the first five months of the current fiscal year (March 21-Aug. 22), which indicates a 10%…

Pistachio farmers in Kerman Province have incurred losses of 30 trillion rials ($227 million) so far in the current Iranian year (started March 21) due to a drastic decline in production, the…

The Central Bank of Iran has released a new report on the retail prices of food items for the week ending Sept. 7.  

Out of the 11 groups, the prices of eight food groups…

An evolutionary, participatory plant breeding approach compatible with the Iranian environment has been successful in reducing vulnerabilities of small-scale farmers, improving crop yields and…

More than 296 tons of toothbrush worth close to $3.65 million were imported into Iran from nine countries during the first four months of the current Iranian year (March 21-July 22), the Islamic…

Afghanistan Customs Department has banned the import of oil products, cement, steel products and tiles and ceramics from Iran as of Sept. 16.

Ali Shariati, a member of Iran Chamber of…

More than 76,170 tons of non-oil commodities were exported from Qeshm Island’s ports during the first five months of the current Iranian year (March 21-Aug. 22) to register a 48% growth compared…

Iran traded 1.47 million tons of non-oil commodities worth $1.60 billion with Turkey during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 1.22% growth in…

Volkswagen is ending production of its Beetle in 2019, closing the door on one of the world’s most iconic car designs.

The German company said output would end at its plant in Mexico…

General Motors is recalling more than a million pickup trucks and SUVs in the US because of power-assisted steering problems that have been cited in a number of accidents. GM says the power…

Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed.

IRIB News reported that Iranian banks and credit institutions granted 1.1 quadrillion…

Germany and its European partners are considering setting up a payment system with Iran, which allows the continuation of business transactions with the Islamic Republic once US sanctions kick…

Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month. Hemmati added…

A senior member of Expediency Council, a body that settles disputes between the Majlis and the vetting body Guardians Council, said EC members have not rejected the government bill to amend the…