Economy

The Cabinet has suspended discounts on import tariffs for 69 goods. Fifty-one items on the list were suggested by the Ministry of Industries, Mines and Trade, while the remaining 18 were specified…

Iran exported 776,200 tons of non-oil goods worth $50 million to Kuwait during the first four months of the current Iranian year (March 20-July 21), registering a 32% decline in value compared…

Iran’s flour-milling industry needs to import 1 million tons of high-quality wheat by April to supply domestic bread and confectionery producers, the Federation of Iranian Food-Industry…

Three international exhibitions opened in Tehran’s International Permanent Fairground on Tuesday.  The 15th edition of Iran International Confectionery Fair was inaugurated by Deputy…

Majlis Health Commission has proposed levying a 70% tax on the income of high-earning physicians.

“This is yet another example of hasty decisions made through a mechanical approach to…

Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) and Iran Veterinary Organization have agreed on requirements that need to be met before Russia exports…

Isfahan Steel Company will start the mass production of rails in a few days to meet the growing need of ongoing railroad projects across the country.

“The manufacturing line is ready. We…

Iran is planning to construct 700 kilometers of suburban railroads, according to CEO of Islamic Republic of Iran Railways, Mohsen Pourseyyed Aqaei. “The cities of Tehran and Ahvaz are top…

Samsung Electronics said a remote deactivation is not happening or something that the company has stated.

This followed reports that Samsung will switch off faulty Galaxy Note 7 phones to…

An Iranian tech official called on civilians and the private sector to collaborate with the state in establishing cybersecurity.

Abolhassan Firouzabadi, the head of Iran’s High Council of…

Iran’s Telecommunications Infrastructure Company has signed a memorandum of understanding with Deutscher Commercial Internet Exchange (German Commercial Internet Exchange or DE-CIX).

DE-CIX…

An indigenous URL shortener service has been launched called Edo.ir.  The online application converts a regular URL (the web address that starts with http://) into its condensed format. The…

Nomadic hand-woven exports, including carpet, rug, tapestry and drapery, from Fars Province in southern Iran during the first four months of the current Iranian year (March 20-July 21, 2016) stood…

The SPACE livestock expo in Rennes, western France, is hoping to open new markets for participants.

Organizers have made special efforts to woo potential customers from emerging markets…

Iran imported 351 ambulances worth $26.74 million from Germany in the first five months of the current Iranian year (March 20-August 21), the Persian daily Asia reported, citing the Islamic…

Domestic canned olive production is expected to decline by 30-40% in the current Iranian year (March 2016-17), due to the cold spell experienced at the beginning of the year, according to Iran…

Some 4,000 Iranian companies are doing business in Georgia, says Iran’s Ambassador to the Eurasian country, Abbas Talebifar. “Most of these companies have invested in the agriculture sector,” the…

Iran exported 493 million tons of non-oil goods worth $33.8 million to Qatar during the first four months of the current Iranian year (March 20-July 21), registering a 33.5% drop in value compared…

Shiraz International Airport is in talks with Austria to establish directs flights between the capital of southern Fars Province and Austria.

“We’re in talks with international airline…

Iran’s inflation will bounce back to 12-13% in the next fiscal year (starting March 21, 2017) due to the high monetary expansion rate, says economist Saeed Leylaz.

The 50-year-old Shahid…

The Economy Ministry settled dues by paying 9.96 trillion rials ($280 million at market exchange rates) of Islamic Treasury Bills on Sunday. These were the second batch of such bills ever offered…

About 8% of Iran’s population have securities trading codes, says Mohammad Reza Mohseni, the head of Central Securities Depository of Iran. There are 4.6 million men and 2.1 million women…

Iran Fara Bourse is increasing its capital by 75% to 700 billion rials ($19.7 million at market exchange rate).

The over-the-counter market is raising 300 billion rials, only 20 billion of…

The subsidiaries of National Iranian Copper Industries Company, including Sungun, Miduk and Sarcheshmeh  copper complexes, extracted more than 64.4 million tons of copper ore in the first…

Iranian exchanges need a major overhaul to attract foreign investors, as the systems running Iran’s exchanges are “antique” compared to other advanced markets, Jochen Thiel, managing director of…