Economy

Iran is home to 113 million tons or 29% of the world’s barite reserves, according to the head of Mineral Explorations Department at Iranian Mines and Mining Industries Development and Renovation…

Iran exported more than 34 million tons of mineral products worth over $4.41 billion in the eight months to November 20, registering a 36% and 34% growth in weight and value respectively compared…

In President Hassan Rouhani’s budget for the next fiscal that was presented to the Majlis last week, science and technology are likely to get a boost, according to initial reports.

An Irish fashion e-commerce retailer, iClothing.com, has announced it will expand into the Iranian market, according to an interview with Dublin’s Business Post.

iClothing.com is an Irish-…

Iran’s third mobile network operator, RighTel, said Sunday it is launching an in-flight roaming service. The operator said the new service has been initiated in collaboration with OnAir; a Swiss…

More than 400 internet, science and technology firms will take part in the 22nd International Exhibition of Electronics, Computers and e-Commerce (Elecomp 22) to start from December 15 to 18 at…

The Iranian mining sector requires close to $50 billion in foreign investment, said the deputy minister of industries, mining and trade. Mehdi Karbasian made the statement on the sidelines of the…

Plans are underway to electrify a railroad connecting Tehran to the city of Tabriz in East Azarbaijan Province in northwestern Iran, the new CEO of Islamic Republic of Iran Railways said. “…

Iran is set to enter the export market of metallized products at last, owing to the launch of HBI production at Persian Gulf Saba Steel.

The company aims to start commissioning the DRI unit…

Iranian miners and the government are locked in a peculiar, strained relationship. 

Miners, most of whom belong to the private sector, hold that the government must act simply as a…

Mehrabad International Airport in western Tehran handles 400 flights every day, the head of Mehrabad airport said. Ali Rostami added that the airport is operating at full capacity, IRNA reported.…

First Vice President Es’haq Jahangiri said the services sector is the most important field of economic activity in Iran. Speaking in Iran Chamber of Guilds Forum on Saturday, Jahangiri added that…

Exports to Iraq through Mehran’s border terminal, located in the west of Ilam Province, amounted to about $1.56 billion during the eight months to November 21.

These indicate a 75% increase…

Iran and Italy signed a memorandum of understanding for cooperation over protection of intellectual property rights.

A 590-strong delegation from Russia arrives in Tehran today to take part in the 13th session of Iran-Russia Economic Commission on December 13, co-chaired by Iran’s Minister of Communications and…

Over 812,000 tons of goods worth $680 million were exported from East Azarbaijan Province during the eight months to November 20, registering a 9% increase in weight and a 2% decline in value…

High-ranking officials and economic players of Iran and the Czech Republic met as part of their joint economic commission in Prague on Friday, during which a memorandum of understanding for…

Aprin dry port and logistic park on the outskirts of Tehran will become operational in three years, the CEO of Islamic Republic of Iran Railways said.

“Development of Aprin logistic park is…

The US dollar sold for 39,200 rials in Tehran’s market on Saturday, slightly up from the previous day’s 39,100 rials. The currency fetched as much as 39,400 rials in midday trade, according to the…

Shaparak, Iran’s domestic payment network, hosted more than 1 billion transactions worth 1.104 quadrillion rials ($28.1 billion at the open market rate) during the month ending October 21.…

The government will this week review the building of 200,000 housing units as part of the Social Housing Plan, announced a deputy of the Ministry of Roads and Urban Development.

Hamed…

Iran’s presidential chief of staff proposed that the Central Bank of Iran open an account with the Swedish National Bank in his recent meeting with the Nordic country’s finance minister.

Fiat Chrysler Automobiles plans to reveal a fully electric vehicle based on the Chrysler Pacifica minivan at CES in Las Vegas next month as the carmaker moves to get in step with the industry’s…

The Social and Crime Prevention Bureau of the judiciary has revealed the names of five car models that are a darling of car thieves. 

The cars most affected are the SAIPA Pride, IKCO's…

Pakistan is willing to cooperate with Iran as part of a new project to set up South Korea's Kia Motors assembly line in the country, according to a member of the Karachi-headquartered Auto…