French Foreign Minister Jean-Yves Le Drian on Sunday said there was a risk of "long-lasting apartheid" in Israel if the Palestinians were denied their own state.

Le Drian is one of the…

The National Iranian Oil Company signed an agreement with the domestic oil company Petropars to develop the Farzad B Gas Field in the Persian Gulf that is shared with Saudi Arabia. The $1.8…

Tehran Municipality has launched a new bike lane in the capital's District 7 in line with its program for promoting eco-friendly transportation.  This brings the number of biking lanes in…

The Nobel Prize committee announced American economist Richard Thaler as the winner of the 2017 Nobel Prize in Economic Sciences on Monday for his “contributions to behavioral economics”, a…

The intrinsic quality of capital is that it cannot afford to stop growing, as the whole process of economic reproduction is conditioned on capital accumulation.

The system depends on…

A key change in President Hassan Rouhani's Cabinet for his second tenure will potentially impact both state-owned and private lenders, and subsequently influence the outcome of his central…

The High Council of Urban Development and Architecture of Iran has recently ratified the "Public Transportation-Based Development Roadmap", a set of strategies for expansion of various modes of…

The growing consumption of cosmetics and personal care products has turned the beauty sector into one of the most lucrative and exciting industries in the world. 

It’s no secret that almost 90% of all startups globally disappear before their first anniversary. Of the remaining 10% many are on the way out in the second and third year.  

About 500,000 tons of wheat from a total of more than 1 million tons offered on Iran Mercantile Exchange have been bought by producers and factory owners. 

The presence of Iran in global decision-making bodies will help the country safeguard its aviation interests, Iran Air's CEO said.

Although Iranian steelmakers are expanding capacity every year, production is not keeping pace.

If inflation bounces back to above 10%, it will hamper economic growth, Masoud Nili, a senior economist and top advisor to President Hassan Rouhani, said.

“If we lose the single-digit…

Miners have had a rocky Iranian year (started March 20, 2016) so far.

When UN sanctions on Iran were lifted in January 2016, so was the chokehold on foreign investment and international…

Demand for aluminum has been growing at a fast pace, as it recorded a nearly 6% compound annual growth rate for 2000-15 and topped iron ore, the global commodity market’s most sought-after…

The Iranian government's activities make up 60% of Iran's economy and amount to $251 billion (10 quadrillion rials converted at market exchange rate) of a $393 billion economy, the next year's…

OPEC turned a historic new leaf on Wednesday by agreeing on its first oil production cut in eight years and the first joint cut with Russia since 2001.

The pact that pushed crude prices up…

Iran Insurance Company, the only state-owned insurance firm, has been facing major challenges in recent months, as its share of the market shrinks and its debts mount.  

The chief…

There is a small duchy at the heart of Europe, with a reputation of being an open business place with a knack for innovation.

Luxembourg, one of the founding members of European Union, has…

The Second International Exhibition on Pharmaceuticals and Related Industries (Iran-Pharma 2016), which opened on Wednesday in Tehran, was attended by high-ranking officials and over 400 industry…

The 15th edition of Iran’s International Confectionery Fair concludes in Tehran today after it opened on Tuesday.

The event attracted more than 360 Iranian and 85 foreign companies from…

The first quarter of the current Iranian year (started March 20) was tough for investors. Political fears, poor corporate earnings and a slowing global economy gave equity investors a beating.

The Economy Ministry will issue $288 million worth of denominated Islamic Treasury Bills soon to repay part of its debt to government contractors.

This is the sixth batch of such bonds the…

Tehran Chamber of Commerce, Industries, Mines and Agriculture as the country's main private sector assembly has made known its demands from the government, hoping to win the public sector's trust…

After pulling constant all-nighters in Paris, diplomats and negotiators from 195 countries put an end to more than 20 years of climate talks on Saturday when they crafted and approved a landmark…