Economy

Iranian students at Khajeh Nasir Toosi University of Technology in Tehran have built a hybrid bicycle modeled after the Asiatic cheetah.

By the end of the second half of the current Iranian year (started March 20), Mobile Virtual Network Operators will start work, said the deputy of Iran's Communications Regulatory Authority.

A new site has been launched in the Persian language for science and technology students.

The new site, Wikiwall.ir, aims to give high school students across Iran a greater understanding of…

Iran’s first exclusive exhibition is scheduled to be held in Rome in October, according to Pietro Piccinetti, director of Fiera Milano International, an Italian trade fair and exhibition…

Soybean meal is an essential source of nutrition for poultry and livestock, which provides them with the required protein in their diet and is of utmost importance in producing meat and chicken.…

Tehran Stock Exchange's main index, TEDPIX, lost 1,603.50 points or 2.01% to settle Saturday trade at 77,984.8.

Iran’s sizable market for rehabilitation equipment and mobility aids is largely dominated by imports, with no serious competition among domestic producers mainly due to the inferior quality of…

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour is in Bulgaria’s capital Sofia to push forward the proposed Iran-Bulgaria transit corridor. “China, India and…

British Arab Commercial Bank and Karafarin Bank in a meeting in Tehran agreed to prepare the grounds for starting correspondent relations, as well as treasury operations and currency exchange.…

Bank Saman will close five branches in the next two months, following expansion of its e-banking services and in an attempt to cut costs. The private lender made the announcement on its website…

Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017, the CBI website reported on Saturday.

 In the 14th annual general…

A visiting Chinese trade delegation in talks with Iran’s Gold, Jewelry, Silver and Precious Stones Producers and Exporters Association in Tehran has agreed to collaborate in the manufacture of…

Islamic banking is a comprehensive sphere and its reach is more widespread than usury-free banking, Heidar Mostakhdemin Hosseini, a senior economic analyst said this week.

The Indian government is ready to clear the $6.5 billion oil dues to Iran but is waiting for a proper banking channel to be put in place, Oil Minister Dharmendra Pradhan said on…

The International Group (IG) of protection and indemnity clubs has obtained an increased limit of €100 million ($112 million) for its Iran “fall-back” cover, the group announced on Friday.

Sanctions and severance of international ties sent the once 4% share of marine economy from Iran’s gross domestic product down to 2%, according to managing director of Iran Marine Fund, Mehrdad…

Uruguay’s Foreign Minister Rodolfo Nin Novoa, leading an economic delegation, is expected to visit Iran in May, according to Uruguayan Ambassador to Iran Juan Carlos Ojeda.

Deputy Minister of Industries, Mining and Trade Mohsen Salehinia said production in automotive and home appliance sectors is expected to rise by the end of the first quarter of the current Iranian…

South Korean President Park Geun-hye, accompanied by five ministers and a 300-member economic mission, is due to visit Iran in early May, according to director general of International Affairs…

About 118,000 tons of pistachio worth more than $1.2 billion were exported to over 70 countries, indicating a 34% and 24% decline in volume and value respectively compared with the previous year’s…

Some 1.5 tons of farmed caviar are estimated to be produced in the current Iranian year (started March 20), which would indicate a 50% rise year-on-year, said the director of Iran›s Union of…

Almost six years ago, the European Union sharply curtailed access to its airspace for Iran’s air fleet.

However, officials in Brussels say they are now prepared to loosen some of those…

Automaker Zhejiang Geely Holding Group Company will launch a new brand next year, codenamed "L", with cars based on joint architecture developed with Volvo, three people with knowledge of the…

Iran's President Hassan Rouhani recently stated that the government will not support the local car industry indefinitely.

Speaking at the Third Iran International Automotive Conference in…

Beijing's BAIC car conglomerate has announced plans to produce around 100,000 vehicles through a new Iranian venture, the company announced on April 14.

BAIC, which has grown its share of…