Economy

Plans are underway to establish a direct flight route between Qeshm Island—off the southern coast of Iran—and Oman’s capital city of Muscat, says managing director of Qeshm Airlines. “The new…

Iran has broken ground on a €200-million radial tire plant in the western city of Sanandaj, Kurdestan Province.

The Central Bank of Iran does not believe in force and coercion to address economic problems, the governor Valiollah Seif said late on Monday.

The recession visiting the housing market is showing no sign of easing despite the best efforts of the government.  The key sector is suffering its worst stagnation in a quarter century due…

A Chinese bank and insurance firm will start operation in Qeshm Free Trade Zone, Hamidreza Momeni, managing director of Qeshm Free Trade Zone said on Sunday.

It would take more time for Iran and Russia to initiate a currency swap, said Ghadir Ghiafeh, vice chairman of Iran-Russian Chamber of Commerce, on Tuesday.

The signing of a bilateral investment treaty between Japan and Iran, and Tehran’s debt guarantee of up to $10 billion worth of investments by Japanese companies, could be a tailwind for companies…

A business delegation comprising representatives of Japan’s largest mining and steel companies, including Nippon Steel and Sumitomo Metal Co., Mitsubishi, Kawasaki, Toshiba and JGC holdings, has…

Stocks soared to record highs on Tuesday, on the busiest day for Iran’s equity market in history, as a surge in bullish bets pushed up both of Tehran’s equity markets.

Iran plans to turn itself into a major food exporter, hoping the lifting of sanctions will boost international trade and allow investment in the agricultural sector, an official in Iran’s state…

An Iranian based in Ireland has offered groundbreaking insight into innovative solutions for data retention and analysis.

Parsa Ghaffari, founder and CEO of AYLIEN, has used artificial…

After testing the feature on both Android and iOS in recent months, Instagram has announced the launch of multi-account support inside the photo-sharing social app.

Now, users can maintain…

Irancell, the country's second most popular mobile phone operator, and Bank Mellat have come together to offer a new payment service.  According to an Irancell press release, holders of…

Iran's government has made a new push to develop the country's broadband infrastructure, called Fajr, to get more people online in a short space of time.

The initiative includes three sub-…

Cyan Technology, a British smart metering firm, has received an initial purchase order from Iranian telecommunications contractor Micromodje for the installation of 2,000 smart traffic meters into…

A senior official at Iranian Research Organization for Science and Technology said Islamic Development Bank will invest in 13 major Iranian scientific and technological projects in the next five…

Iran’s first medicinal plants factory has been launched in North Khorasan Province. Built on a one-hectare site, the factory cost $660,000 to complete, said the managing director of Industrial…

Iran exported more than 1,000 tons of seafood to Russia during the eight months ending Jan. 20, according to Iran Fisheries Organization. “Russia could be the biggest market for Iran’s seafood,”…

Dutch exports to Iran increased by 21% in 2015, ahead of the lifting of sanctions in January this year. The value of exports reached €450 million, placing Iran 64th in the ranking order of…

Light aircraft is a plane that has a maximum gross takeoff weight of about 5.6 tons or less, while ultra-light refers to lightweight single-seat aircraft used for sport and recreation.

Iran and Kazakhstan discussed agricultural cooperation through investment, trade and land leasing projects.

In a meeting with Kazakhstan’s Minister of Investments and Development Asset…

Figures released by the Trade Promotion Organization of Iran show that the member states of the Organization of Islamic Cooperation were the main destinations of Iran’s exports among all other…

The Export Development Bank of Iran and Mellat Bank in Armenia opened a two-year credit line with a limit of €5 million ($5.54 million), to boost trade with the neighboring country. Ali Saleh…

SACE, the Italian export guarantee agency, is accompanying the Italian delegation to Iran from 8 to 10 February.  It is providing various services for Italian companies interested in Iranian…

The 8th International Gold, Silver and Jewelry Exhibition will be held in Tehran on February 16-19, Mansour Namdari Zandi, vice chairman of Gold and Jewelry Producers and Exporters Union said on…