Economy

Iran Airports Company needs $250 million worth of “radar equipment and navigation systems”, the CEO of Iran Airports Company said.

“We’re planning to revamp all our airport equipment to…

Iran exports non-oil goods and services worth $200-300 million to Tajikistan every year, accounting for 80% of the Islamic Republic’s total exports to the member of the Commonwealth of Independent…

Iraq decided to close the Al-Shib border crossing with Iran for 10 days and form an investigation committee after disagreements erupted over the crossing’s revenues.

The decision was made…

Trade turnover between Iran and Turkey stood at $8.79 billion during the 11 months of 2016, according to the latest statistics released by the Turkish Statistical Institute. The figure indicates a…

Microsoft is not building its own connected car — but it is launching a new Azure-based cloud platform for car manufacturers that want to use the cloud to power their own connected-car services.…

Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold - a growing market share that ate into…

A broader range of activities online has been made easier with 100 government services added to the National Information Network, says a deputy at the Information Technology Organization, Reza…

Norway is set to become the first nation to start switching off its FM radio network next week, in a risky and unpopular leap to digital technology that will be closely watched by other countries…

Tejarat Bank’s chief executive has called for Iranian banks and payment service providers to prepare the grounds for using Bitcoin in the country.

Speaking at a meeting on crypto-…

World Bank Group in its latest analysis of Iran’s economy has forecast Iran’s economy to grow at an annual average rate of 4.5% in 2016–18.

A joint bank between Iran and Pakistan will be established and become operational before the current fiscal year is out, announced Iran’s ambassador to the South Asian country.

Iran is home to 1,728 endemic medicinal plants, twice as many as all of Europe’s. This remarkable diversity made Iran one of the key traders of medicinal plants in the past.

Sri Lankan officials are setting up a business delegation to send to Iran, as President Maithripala Sirisena is scheduled for a visit to Tehran later this month to expand relations with the…

A delegation of Indian rice producers headed by President of All-India Rice Exporters Association Mohinder Pal Jindal are scheduled to visit Tehran on January 27 to pave the way for increased rice…

About $8.5 billion in foreign direct investment have been made in Iran’s industrial sectors so far since Hassan Rouhani took office as Iran's president in August 2013, the minister of industries,…

The construction of Iran’s biggest rail bridge will be completed in a fortnight, a deputy minister of roads and urban development announced.

Kheirollah Khademi added that the project has…

One-third of all home appliances in the Iranian market is smuggled, an official with the Ministry of Industries, Mining and Trade said.

According to Abbas Hashemi, $485 million worth of…

Magnesium is the metal of the future and Iran has the potential to be a major global player in its unfolding.

Iranian longs steel producer Yazd Rolling Mill is expanding iron ore processing, considering the country’s rising demand for high-quality raw materials.

Tehran Stock Exchange’s main index gained 7.60 points or 0.01% to end Wednesday trade at 78,991.3.

About 501 million shares valued at $129.6 million changed hands for the day.

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Iran Mercantile Exchange’s export trading board is all set to resume cement trading, the head of Cement Employers Association said.

Abdolreza Sheikhan added that the precise date will be…

South Korea banned the sale of 10 models built by Nissan, BMW and Volkswagen Group’s Porsche brand after an investigation found the automakers fabricated documents related to emission tests,…

A report on Iran’s car, bus and truck production output indicates a 39.1% year-on-year growth during the first nine months of the current fiscal year that ends in March.

A local news…

In the closing two months of 2016 a new automotive website banban.ir entered the increasingly overcrowded online car sales market. Banban.ir, an Iranian-funded startup, does what many other sites…

The rial depreciated to 39,500 against the US dollar on Tuesday, a slide of 400 rials compared with the previous day, according to the Association of Bureaux de Change Operators of Iran…