Economy

A new website that sells online tickets to local and international air destinations has been launched in Iran.

The portal, Buyticket.ir—similar to international online booking sites, aims…

Apple may be switching to AMOLED displays for the 2018 iPhones and those could either come from Samsung or JDI, depending on who you ask. But then again, even without Apple, the active-matrix…

Iran’s University of Applied Science and Technology hasbecome a full member of the UNESCO-based International Association of Universities.

Iranian physicist Ali Mirzaei has built a nanowire cage, similar to an invisibility cloak, that blocks light but allows liquids and gases to pass through.

Iran and Finland have expressed keen interest in boosting cooperation in the field of information and communications technology.

Some 18% of UK broadband households used subscription video-on-demand service Netflix in the past 30 days, according to new research from Parks Associates.

The study claims that 58% of UK…

A bank for supporting small businesses has been envisioned in the next five-year plan (2016-21), making it the first of its kind at the level of micro-finance in the country.

Excessive housing construction has locked billions of dollars that could be better used in other industries, an advisor to the minister of roads and urban development said.

A  University of Tehran economist says because government moves, both in the past and those anticipated for the future, to prop up the sagging real estate market have so far failed to deliver…

The US dollar will certainly become dearer because of the country’s declining oil revenues and the growing liquidity trend, according to Mohammad Gholi Yusefi, a Tehran-based economist. He said…

To invest in the Iranian construction market, Exim Bank of Korea plans to sign loan agreements with the Central Bank of Iran and other commercial banks, and push for Korean firms’ penetration into…

Export Development Bank of Iran is ready to start joint investments with Asian Exim Banks Forum, the bank’s director said. Speaking at the forum’s meeting in Japan, Ali Salehabadi said that…

Azerbaijan’s President Ilham Aliyev has issued a decree for accelerating the construction of the Azerbaijani section of the International North-South Transport Corridor in cooperation with Iran…

The second meeting of Iran-Turkey Preferential Trade Agreement Committee was held in Ankara last week where the representatives of Iran’s Trade Promotion Organization and Turkey’s Economy Ministry…

One week after the liberalization of airplane ticket fares, deputy head of Islamic Republic of Iran Railways, Mohammad Rashedi, has announced that rail fares are to rise by 8% on average as of…

More than 2,600 tons of hand-woven carpets worth $142 million were exported from March to October, which indicate a 15% and 14% decline in volume and value respectively compared with the similar…

The slowdown in exports is partly to blame on the imposition of 9% Value Added Tax on exported commodities, whereas in other countries the rate is at 3-4%, says the head of Tax, Labor and Social…

With the cooperation of private sector, a working group has been formed with a mandate to prepare a strategic paper for the textile industry, says the director general of Textile, Apparel and…

A seminar dubbed “Strategies for attracting foreign investments and introducing regulations” was hosted by the Iranian Mines and Mining Industries Development and Renovation Organization at its…

The exploration of the second iodine-rich zone in Golestan has concluded with the discovery of 1,288 tons of proven reserves, announced the head of the northern province’s Industries, Mining and…

The lifting of sanctions will take at least three to five years to have a positive impact on Iran’s mining sector growth.

The most immediate impact will be a rise in the country’s steel…

The upcoming year will likely be pivotal for Iran, as it slowly reenters the international economy.

Having reached an agreement on its nuclear program in July 2015 with the P5+1 states (the…

Trade Promotion Organization of Iran has issued a permit allowing Iran’s Customs Administration to import 106 special cars for disabled people.

The permit has been issued upon the request…

Fiat Chrysler Automobiles has agreed to pay $70 million in fines to resolve a US investigation that it failed to disclose vehicle crash death and injury reports.

Lada has introduced a brand new crossover called XRAY in its home country of Russia.

XRAY signals the company’s intent to ditch its ultra-low-cost image and move up a notch on the market.…