Economy

The Iranian cement industry is in hot waters. It has recently been hit with the double whammy of loss of export markets and lack of domestic demand, causing producers to cut down on production…

The Iranian Privatization Organization said on Saturday it has shelved the revocation of the Telecommunications Company of Iran privatization deal because the majority shareholder of the company (…

The performance of Iran’s seven free economic zones, namely Kish, Qeshm, Chabahar, Aras, Anzali, Arvand and Maku, has recently gone under the magnifying glass.

Both the Iranian Parliament…

Heading a 20-member delegation, Chairman of Antalya Chamber of Commerce and Industry Davut Cetin held a meeting on Sunday with Secretary-General of Tehran Chamber of Commerce, Industries, Mines…

The parliament voted on Sunday to double the budget allocated to Iran’s state-owned media corporation, the Islamic Republic of Iran Broadcasting.

The decision was made as part of the…

A 12-member business delegation from Germany is planning to visit Iran on February 5-8 to seek cooperation opportunities, the management consultant and organizer of the business trip said.

An electronic signature used in Azerbaijan will be recognized in the European Union according to the spokesman of the Digital Austria platform Christian Rupp. A working group was established…

Electronic waste is rising sharply across Asia as higher incomes allow hundreds of millions of people to buy smartphones and other gadgets.

So-called e-waste in Asia has jumped 63% in five…

A SpaceX Falcon 9 rocket blasted off from California on January 15 and placed a constellation of satellites in orbit, marking the company’s first launch since a fireball engulfed a similar rocket…

Avatech, one of Iran’s biggest startup accelerators has launched its pre-accelerator program with 17 teams for the first round in 2017.

 Called ‘Avacamp’, the program is designed to…

Lawmakers have passed a clause regarding Social Housing Plan, stressing that it will be launched in 2017.

Official statistics show the housing sector recently experienced a hike in prices but the increase has not been in line with inflation, which means that the sector is still in recession.

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Bank Melli Iran announced it can now transfer money overseas for individuals, as the bank expands its international ties in the post-sanctions era.

“The customers are now able to transfer…

The Central Bank of Iran’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with private banks and…

Billet sellers from Iran are still able to find a buyer in the Persian Gulf states amid uncompetitive prices from China. At the same time, Iran’s offer levels have been kept relatively stable over…

The railroads of Iran and Azerbaijan will be connected in a month, according to Minister of Communications and Information Technology Mahmoud Vaezi.

The two country’s rail networks will…

The Iranian Parliament has projected a new duty on steel imports, likely to be effective from September this year, according to the ICANA news agency, which is affiliated to the parliament.

The Iranian government is considering whether to impose a 10% export duty on unprocessed iron ore, so as to promote the sale of value-added raw materials and steel products.

The measure…

Tehran Stock Exchange’s main index rose 254.20 points or 0.32% to end Saturday trade at 78,876.2.

More than one million shares valued at $72.3 million changed hands for the day.

Iran…

Iran Air CEO Farhad Parvaresh said the carrier’s newly purchased Airbus A321 will be used on international routes within two months.

“Iran Air is planning to fly the plane to domestic…

Members of the Iranian Parliament approved on Saturday cigarette and tobacco tax rates, as part of the sixth five-year development plan (2016-21). Based on the new law, the tax rate on locally-…

Pakistan and Iran have agreed to boost mutual cooperation in air aviation and transportation by establishing direct flights.

The issue was raised in a meeting between Iran’s Ambassador to…

Over the past two decades, Airbus and Boeing have traded the crown in the annual orders race and it was usually clear who had bragging rights in the fiercely competitive $120 billion annual jet…

British Airways owes more than $13 million to Iran Airports Company, according to Iran’s Ministry of Roads and Urban Development.

Japanese carmaker Nissan said it will conduct its first European real-world trials of self-driving cars in London, choosing Britain just months after it said it would build two new models in the…