Economy

More than 25 million tons of iron ore concentrates were produced in the last Iranian year (ended March 19, 2016), indicating a 0.3% rise compared with the previous year, Iranian Mines and Mining…

The Indian government is currently busy balancing its West Asia strategy. If Prime Minister Narendra Modi was in Saudi Arabia earlier this month, External Affairs Minister Sushma Swaraj at the…

Export markets for Iranian eggs have been largely lost to regional countries, resulting in a steep drop in exports and a slump in the sector, says chairman of Egg-Laying Hen Farmers Association,…

The parliament has ratified the bill to increase the retail prices of cigarettes in an open session on Tuesday. Based on the new law, the prices of imported brands will rise by 500 rials (about 1.…

Minister of Communications and Information Technology Mahmoud Vaezi is to visit Azerbaijan on Wednesday for a two-day stay to launch the construction of the Astara-Astara rail project, director of…

Over 40% of Iran’s decorative stone mines have gone out of business, says the chairman of Stone Association of Iran, referring to the ban on the export of unprocessed stones as the main reason…

A delegation of South Korean investors paid a visit to Khorramshahr Port Complex on Monday.

“The aim of the visit was to find common grounds for expansion of commercial ties between the two…

Towels have been produced by Iran’s textile industry that is 100 years old.

Investment in the field, like all other areas, has its own challenges, but it is feasible, officials and…

Iran and France signed a memorandum of understanding on production and genetic modification of trout in Lorestan Province, the head of Iran Fisheries Organization, Hassan Salehi, said.

A UK supermarket predicts contactless payments via mobile phones will outstrip cash within a decade.

The Co-operative Food said customers currently used cash for almost two-thirds (65%) of…

Europe's biggest dedicated online fashion retailer Zalando saw sales growth slow in the first quarter after a blistering 2015, but said it accelerated again since the Easter holidays in late March…

To counter the threat from international ride-sharing apps, Tehran's taxi organization has announced it will develop an app to help people call for a taxi virtually.

Tehran will be hosting the Fifth International Innovation and Technology Exhibition (INOTEX 2016) this May.

The latest technological achievements of 15 countries are to be presented at the…

Hyundai Motor said it will partner with Cisco Systems to develop Internet-connected car technology, part of the automaker's push to develop "high-performing computers on wheels". Auto and tech…

The director of Bureau de Change Operators’ Association has called for setting up a futures market for currencies to both attract domestic and foreign investments and pull the market out of…

The Bank of Industry and Mine and the prestigious Amir Kabir University of Technology signed an agreement on Monday to help market innovative ideas. BIM is set to establish a specialized advisory…

Moscow and Tehran have removed legal barriers to granting Iran a $5-billion state loan, Russian Deputy Foreign Minister Sergei Storchak said.

Preliminary agreements on the state loan…

Connecting to international payment networks is high on the Central Bank of Iran’s agenda in this fiscal year that started on March 20, said Davoud Mohammad Beigi, head of CBI’s department of…

The presence of the second economic delegation from the Czech Republic in Tehran signifies that country’s determination to develop two-way economic relations, deputy head of Tehran’s Chamber of…

The head of Iran’s Home Appliances Association, Mohammad Tahan Pour says distribution of credit cards for buying home appliances will end on April 19 and customers can use the cards starting from…

A 30-strong business delegation from the Czech Republic, made up mainly of representatives of the country’s mining sector, visited Tehran on Sunday and met with members of Tehran Chamber of…

Stocks snapped their downtrend and rallied in Tehran on Monday, as political worries took a pause and low prices spurred bullish bets.

Those worst affected by the rout in the past days rose…

About 3.6 million tons of steel products were exported from Shahid Rajaei Port, Iran’s biggest container port near the Strait of Hormuz, in the last Iranian year (ended March 19), says deputy head…

Agriculture Minister Mahmoud Hojjati said on Sunday Iran’s strategic wheat reserves currently stand at 6 million tons, which means the market is set to remain balanced and prices will be…

Iran exported 1.2 million tons of fruit worth about $409 million in the last Iranian year (ended March 19), which shows a 30% decline compared to the previous year’s corresponding figure.…