Economy

Iran’s Health Minister Seyyed Hassan Qazizadeh Hashemi has underscored the country’s huge progress in producing drugs and medical equipment, and its preparedness to export medicine to the Middle…

Armenia’s export of lamb to Iran increased significantly over the past two months, the press service of Armenian Ministry of Agriculture said. As of December 2, 2016, lamb export to Iran amounted…

Servcorp, an Australia-based multinational organization that sells serviced office space, virtual office products and IT services, officially inaugurated its first branch in the Iranian capital…

Iran’s state-owned shipping company IRISL is in advanced talks with South Korean shipyard Hyundai Heavy Industries Co. for a $650 million order of container ships and tankers, people involved in…

Around 28 million tons of non-oil goods worth $8 billion were exported from Hormozgan during the eight months to November 20, says Alireza Dashtani, an official with the southern Iranian province’…

Amazon.com on December 5 said that it will open a bricks-and-mortar grocery store called Amazon Go, an ambitious bid by the once-online-only retailer to gobble up more of Americans’ shopping…

Facebook, Microsoft, Twitter, and YouTube are joining forces to quickly identify terrorist groups online, in a sign that the social media sites have been used by groups like Da’esh to plan…

Russia’s deputy minister of communications and mass media, Rashid Ismailov, discussed in Tehran prospects to promote collaboration in science and technology. 

Ismailov exchanged views…

The extreme cold that set in a fortnight ago across the country caused 9.4 trillion rials (over $240 million at market exchange rate) in damages to orchards in Mazandaran, according to governor of…

The Central Bank of Iran should take quick measures for regulating fintech firms to prevent potential problems in future, said the director of IT Center of Export Development Bank of Iran, noting…

The use of real-estate applications are growing in Iran and realtors, unlike users, are not happy with the impact of the technology on their income.  

Turkish President Recep Tayyip Erdogan said his country is moving toward allowing trade with Iran, Russia and China in local currencies, as he continues his efforts to strengthen the falling lira…

The past two weeks saw the US dollar surge to a historic high in Tehran’s market, unleashing the usual panic emblematic of all currency upheavals elsewhere.

The occasion was reminiscent of…

Central Bank of Iran and Shaparak Company, Iran’s payment network supervisor, have required all payment service provider companies to use the newly-launched “Peyvand system” instead of the low-…

Mobarakeh Steel Company produced 3.74 million tons of crude steel during the eight months to November 21, registering a 7% rise compared with last year’s corresponding period, the company’s public…

Iran’s Mines and Mining Industries Development and Renovation Organization is looking to build on last year’s successful conference with a second event. 

Last year’s conference in…

Bitzer, one of the leading companies in the area of refrigeration and air conditioning technology officially launched a subsidiary in Iran on Monday. 

The German firm’s compressors…

A major pharmaceutical holding will go public by the end of this month, as part of a push to dampen the effect of upcoming corrections for equities.

Barkat Pharmed Co. was listed as Tehran…

Tehran Stock Exchange’s main index gained 17.50 points or 0.02% to end Monday trade at 80,081.2.

More than 1 billion shares valued at $68 million changed hands for the day.

Iranian…

Slapping duties on decorative stone exports will prevent the sector from growing and realizing its expansion goals, said a member of Iran Mine House on Sunday. 

Former deputy of Islamic Republic of Iran Railways, Saeed Mohammadzadeh, has been appointed as the new head of the state-owned rail company, to replace Mohsen Pourseyyed-Aqaei who resigned in the…

Iran’s trade balance in the agriculture sector narrowed to minus $2.06 billion during the seven months of the current Iranian year (started March 20) from minus $2.2 billion for the corresponding…

Iran’s education sector is beset with many problems, shortage of funds being one of them. 

Policymakers always justify their modest expenditure on education on the grounds that the…

As per the new budget bill submitted to the parliament by the government, those who are making less than 15 million rials ($384 at market exchange rate) a month, will be exempt from paying income…

Isfahan Province is hosting the 19th Exhibition of Persian Handmade Carpets, otherwise known as CARPEX 2016.