Economy

An exhibition and sales outlet for Iranian goods in the fields of restaurant equipment and hospitality opened in Muscat, Oman, on Saturday. Iran’s deputy envoy to Oman, Mohammad Toutounchi, who…

The average Producer Price Index in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 5.9% compared with last year’s corresponding period, the latest…

Iran exported $17 million worth of medical devices during the fiscal 2016-17, registering an 18% increase year-on-year, an official with Iran Trade Promotion Organization said.

Mohammad…

Yahya Al-e Es’haq, the former head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, believes the reinstatement of Commerce Ministry is key to solving economic problems in Iran…

Thailand is currently the world’s fourth largest importer of steel and Iran is gradually becoming a major exporter to the Southeast Asian market.

The kingdom imported a total of 13.2…

Imports of semi-finished steel dropped by 88% in the first month of the current Iranian year (started March 21) compared with last year’s corresponding period to stand at 29,000 tons, according to…

Tehran Stock Exchange’s main index lost 208 points or 0.26% to end Sunday trade at 80,713.2.

More than 480 million shares valued at $32.66 million changed hands for the day.

Bojnourd…

The rate of mobile Internet usage has grown 42% over four years, with the latest data putting the number at 33 million subscribers at the end of the previous fiscal that ended in March, an…

Drones capable of carrying more than a ton of goods to long-distance deliveries are part of plans by one of China’s biggest online retailers to develop a massive logistics network covering remote…

Internet search giant Google has launched a new venture capital program focused solely on artificial intelligence in a bid to boost the fledgling industry and back some future key players. …

The Sri Lanka government and Iran’s envoy to that country signed two memoranda of understanding to boost mutual cooperation in the fields of science and technology.

The two sides are in…

Dubai Police Department has launched a new mobile robotic police constable to help people with their queries in a bid to boost security presence in the country.

The first robot –…

Iran has launched a new telecommunications center in the southern city of Ahvaz, Khuzestan Province with an initial investment of 67 billion rials ($1.8 million).

According to local…

A member of the Expediency Council, which resolves disputes between the parliament and the constitutional watchdog Guardians Council, has joined a string of officials and observers in calling for…

The process of banks getting rid of their excess assets is gathering pace with Bank Refah Kargaran becoming the latest lender to auction its assets through the Company for Selling Banks' Excess…

The 8% growth target set in the sixth five-year development plan (2017-22) is a tall order for the country, a faculty member of Tehran's Allameh Tabatabai University said in a recent conference…

Emami gold coin dropped below 12 million rials ($320) by May 24 to set a two-week low record until Saturday when it regained 50,000 rials to reverse the bearish trend.  

The value of…

Bank Melli Iran is planning to overhaul its European branches after clearing the procedures both inside the country and abroad, the director of BMI's Department for Foreign Exchange said.

Annual production of gold in Iran has declined by two-thirds from 180 tons in the fiscal 2011-12 to 60 tons in 2016-17, mostly due to the 9% value added tax imposed on gold and jewelry sales and a…

As meat products have a special place in the basket of food products consumed by Iranian households, the domestic industry has been working hard to keep pace with demand.

So much so that…

Boeing’s planned multibillion-dollar aircraft sales to Iran are facing a growing backlash from Republicans in Washington, but one key politician has stayed silent: Donald Trump.

Tehran Stock Exchange’s main index lost 225 points or 0.28% to end Saturday trade at 80,921.2.

More than 567 million shares valued at $38.12 million changed hands for the day.

Sina…

More than 21,500 tons of watermelon worth 134.5 billion rials (about $3.6 million) were exported from Iran in the last fiscal year (ended March 20, 2017), registering a decline of 96% and 97% in…

More than 14,880 tons of goods were loaded and unloaded at Abadan Port in the southwestern Khuzestan Province in the last Iranian year (March 2016-17), registering a 3.4% rise compared to the…

Iran’s non-oil exports to Taiwan saw a 206% hike in the last fiscal year (March 2016-17) compared with the year before to stand at $551 million. The East Asian country became Iran’s 10th biggest…