Economy

Minister of Roads and Urban Development Abbas Akhoundi opened Iran’s pavilion at the 15th International Architecture Exhibition of Venice Biennale on Thursday.

In a keynote speech at the…

Ever since the lifting of sanctions imposed on Iran over its nuclear energy program and the reopening of the country to the international community, Tehran has been buzzing with representatives…

Tehran Stock Exchange’s benchmark index, TEDPIX, gained 440 points or 0.58% during the week that ended May 25 to close at 76,853.

Over 3.6 billion shares valued at $241.3 million changed…

Iran Shrimp 2016 convened in Tehran on Thursday with representatives of 13 countries, namely Iran China, Malaysia, Thailand, France, Indonesia, South Korea, Australia, India, Panama, Vietnam,…

Switzerland expects a threefold increase in Tehran-Bern trade within the next two to three years. Swiss Ambassador to Iran Julio Haus made the statement during a visit to the city of Kashan,…

A meeting of Iran-Azerbaijan Economic Commission, co-chaired by Iran’s Minister of Communications and Information Technology Mahmoud Vaezi and Azerbaijan’s Economy Minister Shahin Mustafayev was…

German exports to Iran, especially of machines and equipment, rose significantly in the first quarter following the removal of western sanctions against the Middle Eastern country. Exports to Iran…

With about $20 billion worth of contraband entering the country annually, developing a self-reliant, oil-independent domestic economy is impossible.

The statement was recently made by…

Iran is seeking new investment for Makran Coast along the Sea of Oman to boost development in one of the country’s most deprived regions, fight drug trafficking and expand its naval presence…

Microsoft and Facebook have agreed to jointly lay a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services.

The construction of the new "…

The Iran Telecom Conference discussed future developments in the domestic communications and Internet industries on the Persian Gulf island of Kish on May 25.  

Although not well…

LG Electronics is releasing a $38,000 77-inch TV, which is supposed to be the next OLED model of its ultra-premium brand called "LG Signature", in July.

A deputy governor of the central bank has rejected interest rate violations by banks saying rates set by the Money and Credit Council are by and large upheld by the lenders.

Deputy governor of the Central Bank of Iran for foreign exchange affairs called the establishment of correspondent banking relations and international ties an important prerequisite to the single…

According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, there has been no official confirmation yet that the World Bank has agreed to provide loans for Iran’s private sector…

Bank Saderat Iran has unveiled a new financing package to help renovate sporting spaces and buying new facilities. According to BSI’s website, applicants must first verify that they either own a…

A business delegation from the Austrian state of Carinthia held talks with private sector leaders and economic experts in Tehran on Wednesday. The team is headed by the state’s economy minister.…

Tehran Stock Exchange’s main index scored 160.20 points or 0.21% to close Wednesday trade at 76,853. Gains by shipping, oil, steel and investment companies gave the biggest lift to TEDPIX.

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West Asia’s largest galvanized sheet production plant will become operational in Chaharmahal-Bakhtiari Province in late June, the managing director of the province’s Industrial Parks Organization…

From the ashes of First World War destruction rose many international bodies seeking to regulate future disputes in a civilized way.

Some have endured the test of time. One of these is the…

Azerbaijan’s Economy Minister Shahin Mustafayev was due to arrive in Iran on Wednesday, Iranian Ambassador to Azerbaijan Mohsen Pakayeen said.

Busan-based Korean Register, a member of the International Association of Classification Societies, has signed a memorandum of agreement to establish a joint venture company with the Iranian…

India and Iran have agreed to conclude within a year a preferential trade agreement, which is expected to boost bilateral trade.

Some 460 tons of Piarom dates were exported from Iran’s southern Hormozgan Province over the first two months of the current Iranian year (March 20–May 20, 2016), indicating a 12% rise compared…

Oman-based Ithraa, a leading inward investment export development agency, says its management team will travel to Iran to meet leading Iranian businesses operating in logistics, metals and…