Economy

About 3.4 million tons of apples were produced in the current crop year, indicating a 15% growth compared to last year, says Mojtaba Shadlou, the head of Farmers Union. Shadlou noted that half of…

Iran has climbed in the World Bank’s “Doing Business” ranking from last year’s 119 to 118 among 189 countries, reported WB’s latest Doing Business report for 2016 released on October 27. Singapore…

Hand-woven carpet exports to the United States will resume from early 2016, announced the head of Iran National Carpet Center, Hamid Kargar.

Four new companies have introduced futures contracts on their shares this week.

Stock futures are this year’s innovation in Iran’s equity markets. The Securities and Exchange Organization…

Tehran Stock Exchange's benchmark inched up 0.70 points or less than 0.01% to end at 62,923.7 on Wednesday's close.

Iran Mercantile Exchange’s industrial and mining trading board witnessed the offering of 12,000 tons of aluminum oxide by Iran Alumina Company on Wednesday.

Exploration and exploitation of mineral-rich zones across the country will be handed over to the private sector, says director general of Mineral Exploration Department of Iranian Mines and Mining…

Ever since the fall of the Soviet Union, which led to Armenia’s independence, Tehran and Yerevan have enjoyed close political and cultural ties.

Nevertheless, according to First Vice…

Investors are increasingly looking into business opportunities in Iran, as the lifting of economic sanctions from the country nears, the Dubai office of regional law firm Al Tamimi & Company…

Convoy, a Seattle-based company that presents itself as “Uber for trucking,” has been launched in the US.

The online service and app pairs shippers with available local carriers based on…

A top Volkswagen executive, Herbert Diess, apologized at the Tokyo Auto Show on Wednesday for the automaker’s emissions-cheating scandal, promising to win back customer trust and said it will…

General Motors issued a recall on Tuesday for 1.4 million older cars in North America over the risk that they could catch fire from leaking oil.

A new regulation has called on the Ministry of Industries, Mining and Trade and Iranian National Standards Organization to prepare a list of auto parts certified by INSO.

The two bodies…

Iranian students at Sharif University of Technology ranked first in the 9th round of IEEEXtreme 24-Hour Programming Competition.

The user called "TeamName" scored 2,296.48 respectively and…

Kerman Motors, producer of Chinese vehicles in Iran, has announced it will be offering special monthly payment options for the JAC J5 hatchback and sedan models, according to Eghtesadonline.com.…

China-based company Xiaomi announced its first two-wheel-self-balancing scooter called Ninebot Mini in collaboration with Segway. It cost only RMB1,999 ($314/1 million rials), which is 70% cheaper…

The Central Bank of Iran is not yet done with lower interest rates and may announce further cuts, CBI governor, Valiollah Seif, said in a statement.

Lawmakers have cast doubt on the effectiveness of the long-awaited banking reform bill that the government intends to submit to the legislature by the end of the month, Sarmad news website…

Most Iranian banks will be able to reconnect to the SWIFT financial-transactions system, a key to rekindling foreign trade, once Iran’s nuclear-related measures have been verified, SWIFT said on…

Iran has purchased 2.8% of shares in the Asian Infrastructure Investment Bank's (AIIB), deputy economy minister for foreign investment affairs said Tuesday.

A band of criminals trying to hack into Bank Melli’s accounts was identified and stopped by the timely reaction of the bank’s officials in cooperation with Tehran’s Intelligence Bureau, reported…

The Money and Credit Council has voted against doubling Jualah contract loans (a type of low-interest Islamic loan) to 200 million rial ($ 6,667) from the current 100 million rial. It, however,…

Iran experienced positive economic growth in the first quarter of the current Iranian year (March 21-June 21), said the head of Statistical Center of Iran, Adel Azar, without providing a specific…

The bill to establish two new free zones of Sistan (in southeast Iran) and Baneh-Marivan (near the western border) was passed by the High Council of Iran Free Trade-Industrial Zone on Monday and…

Iranian Economy Minister Ali Tayyebnia said Iran and Brazil plan to raise bilateral trade to $5 billion, adding that the target is within reach in view of the two countries' potential.

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