The chambers of commerce of Iran and China have signed a memorandum of understanding to boost cooperation in China’s Belt and Road Initiative (B&R), which aims to connect China to Europe via…
Economy
Markets were unmoved by promising first quarter data on Monday as concerns over the future persisted. Poor company fundamentals meant few investors were elated at a sudden acceleration of economic…
About 476,000 tons of red meat was produced in official slaughterhouses across the country during the past fiscal year (ended in March), which indicates a 12% rise compared to the year before,…
Tehran Stock Exchange’s main index shed 376.30 points or 0.48% to end Monday trade at 77,828.8.
More than 1 billion shares valued at $54.5 million changed hands for the day.
Iran…
Iran has announced several projects to expand the local gas transportation network, lending support to local pipe producers.
The subsidiaries of National Iranian Copper Industries Company, including Sarcheshmeh, Sungun and Miduk copper mining companies, produced an aggregate of more than 371,360 tons of copper…
Two major Iranian auto manufacturers, namely Kerman Motor and Iran Khodro Company (IKCO), are testing several new models, three of which will be unveiled soon.
Kerman Motor, which in the…
Japanese automaker Nissan Motor Company has come up with a new type of gasoline engine it says may make some of today’s advanced diesel engines obsolete.
Iran’s first national auto inspection facility is being established by the Institute of Standards and Industrial Research of Iran.“The facility will be launched by the end…
Sales of passenger cars in China continue to surge.
In July, sales were up 26.3% year-on-year to reach 1.6 million units, the highest monthly growth in 30 months, according to the China…
Foreign exchange rates will be based on marketmechanisms, said the vice governor of the Central Bank of Iran on Sunday.
"When we move toward market forces, forex rates will also be based on…
One year after Iran's historic deal with major global powers, a vigorous debate has surfaced over whether the country has benefited from the accord based on what it was promised.
Export Development Bank of Iran will soon launch an online market place to exhibit Iranian exportable goods in 20 languages.Saied Mostashar, managing director of EDBI Holdings, said his bank…
Small- and medium-sized enterprises will receive 16 trillion rials ($515.3 million) worth of loans by the time the current fiscal year ends on March 20, said the head of the Monetary and Banking…
Fifteen tons of olives were imported into the country in the first quarter of the current Iranian year (March 20-June 20) despite an official ban on imports of the fruit. “The olives were imported…
The biggest international catering company in the Middle East, Dona, was inaugurated in Tehran at a ceremony on Sunday, IRNA reported. The Minister of Roads and Urban Development Abbas Akhoundi,…
Iran exported more than 12,000 tons of non-oil goods worth $20 million to Australia during the first four months of the current Iranian year (March 20-July 21), which indicates a 184% increase…
More than 13.4 million tons of wheat was produced in the country since March, up from last year’s 11.5 million tons as harvest season draws to a close, ISNA reported. Khuzestan, Golestan, Fars,…
About 70% of Iran’s 4-million-ton steel pipe manufacturing capacity is unutilized due to weak domestic demand, according to member of the Syndicate of Steel Pipe and Profile Manufacturers Hadi…
Higher tax revenues have always been a dream for the government. Though it is not smoothing shared by all in high places. Easy oil money meant that tax revenues were never really needed. So,…
Minister of Industries, Mining and Trade Mohammadreza Nematzadeh has called for the use of concrete instead of structural steel in building construction with the dual aim of boosting the structure…
According to figures released by the Anti-Smuggling Organization, apparel tops the list of goods smuggled into Iran. The Islamic Republic of Iran Customs Administration says imports of clothes…
A German delegation comprising of Volker Rieke, deputy head and acting director general of the German Federal Ministry of Education and Research, met with academics from Iran’s University of…
Iran and Hungarian National Research, Development and Innovation Office have agreed to establish joint tech companies and technology parks.
According to Ali Morteza Birang, an official at…
Iran’s first cloud data center was launched on Sunday.
Minister of Communications and Information Technology Mahmoud Vaezi was present at the launch of Afranet Cloud Data Center, IRNA…
