Economy

There are around 12,000 haberdasheries active in Tehran, but official statistics on button production and consumption are lacking, said the deputy head of Tehran Haberdashers Association.

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Iran and Lebanon are preparing to expand economic relations in different areas, including industries, mining, energy, investment, banking and finance, reads a joint statement made by Iran’s…

Deputy Minister of Industries, Mining and Trade Mojtaba Khosrotaj believes Afghanistan is a strategic market that can turn into a long-lasting hub for Iran’s economic activities.  “Figures…

Following the removal of western sanctions against Tehran, some of France’s biggest, best-known cosmetics brands are hoping to tap into the huge Iranian market.

While cosmetics were not…

The government has earmarked 1,519 billion rials ($50.63 million at official exchange rate) for the cinema in the budget bill for the upcoming Iranian fiscal year (starting March 20, 2016).

In an ironic twist, international sanctions against Iran appear to be benefiting its economy as decades of isolation forced the nation to adapt to low oil prices more quickly than other crude…

CEO of French planemaker Airbus, Tom Enders, and chief executive of French-Italian light aircraft manufacturer, Patrick de Castelbajac, met Iran’s Roads and Urban Development Minister Abbas…

A new shipping route linking Iran and Qinzhou Port in the Beibu Gulf, South China’s Guangxi Zhuang Autonomous Region, has been launched. The Iranian containership Perarin, which can carry 3,280…

Russian President Vladimir Putin has ordered the government to develop legislative amendments that will provide “more equal working conditions” among Internet companies in Russia.

During its earnings call, Google announced that Gmail now has more than 1 billion monthly active users. That’s up from 900 million the company announced during its I/O developer conference last…

Iranian and Malaysian researchers have designed a nano-based antibacterial coating to be used in isolated areas.

Researchers from Iran and Malaysia have designed a nanostructure based on…

The world’s most prestigious scientific centers such as CERN and INFN in Italy have expressed readiness to cooperate with Iran, the head of Atomic Energy Organization of Iran, said.

Scientists have been given permission to genetically modify human embryos for the first time in the UK.

Iran’s economic freedom index grew 1.7 points compared to last year and reached the overall score of 43.5, reported the Heritage Foundation in its recently published 2016 Index of Economic Freedom…

The International Finance Corporation (IFC), affiliated to the World Bank, has started discussions with companies interested in investing in Iran, but it could take between six and nine months to…

Iran now has access to about $100 billion of its frozen overseas assets following the implementation of the nuclear deal with world powers, said Mohammad Baqer Nowbakht, the government…

Bank Saderat Iran’s new service, called “indemnity card,” would enable insurance companies settle policyholders’ losses directly through debit cards. According to the BSI website, the bank aims to…

The Russian TEMP Bank will launch its corresponding office in Tehran within two months, said Mina Mehrnoush, an official with the Trade Promotion Organization. She said that it is now possible to…

The Central Bank of Iran is introducing new laws to reform the time-worn structure of the financial and economic sectors, Valiollah Seif, the bank's governor said on Monday.  

“The new…

Flag carrier IranAir signed a contract with French-Italian aircraft manufacturer ATR in Tehran on Monday to buy 20 ATR-72 turboprop short-haul regional airliners. Two to five of the purchased 70-…

Stocks extended their January bull run into February with Tehran Stock Exchange's overall index hitting a fresh 13-month high on Monday, as sheer optimism around the lifting of sanctions and the…

The Agriculture Ministry has banned wheat imports as of the next Iranian year (to start March 20, 2016), citing Iran’s sufficient reserves. The government has bought 8.08 million tons of wheat…

Iran’s Agriculture Minister Mahmoud Hojjati, who was part of the delegation accompanying President Hassan Rouhani in his Europe tour last week, signed several agreements with his French…

Rock candy, also called rock sugar, is a type of confectionery composed of relatively large sugar crystals.

This sweet additive is highly in demand in Asia, as it is often dissolved in tea…

Tehran would never forget the fact that Turkey maintained its ties with Iran when western sanctions were imposed on Iran over its nuclear program, said the head of Tehran Chamber of Commerce,…