Iran’s Small Industries and Industrial Parks Organization and the German state of Baden-Württemberg signed a 5-year memorandum of understanding to share technology and exchange trade delegations…
Economy
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The Iranian Privatization Organization is selling 14 trillion rials ($390.4 million) in government property in thei current Iranian month to September 21. The assets on sale include an 80% stake…
EconomyIran has an ambitious target to become the world’s 6th largest steel producer by raising crude steel production capacity to 55 million tons per year, as part of the goals envisioned in the 20-Year…
EconomyTehran Stock Exchange’s main index gained 147.40 points or 0.19% to end Tuesday trade at 76,669.6.
More than 1.5 billion shares valued at $82.6 million changed hands for the day.
…
EconomyIran’s High Council of Cyberspace has ruled that 50% of the funds allocated for the establishment and expansion of National Information Network (Iran’s homegrown and internalized network) must go…
EconomyA new website, Rahbal.ir, has been launched recently to enable travelers to book cheap package holidays and flights, making it the latest offering in a burgeoning industry. Customers can search…
EconomyDeutsche Telekom is considering options, including thousands of job cuts at its German business, a review of its holdings in Eastern Europe and Greece, and a partial sale of its subsidiary T-…
EconomySamsung has recalled its new Galaxy Note 7 smartphones in Iran after reports it can overheat and even explode spread around the world.
Although the phone has not been officially launched in…
EconomyInternet service providers have been obliged to expand bandwidth and improve service quality, according to a new diktat by the Communications Regulatory Authority of Iran.
EconomyLocal production of industrial valves used in primary industries including petroleum is one of the significant achievements of the country that was realized thanks to Joint Comprehensive Plan of…
EconomyThe Taiwan-based payment company Castles, specializing in payment tools, has started a semi knocked-down production line in Iran’s Arvand Free Trade Zone, in cooperation with Bank Pasargad’s…
EconomyIranian banks can only provide (or choose not to provide) clients with banking services based on the laws and regulations of the country, but are not allowed to cite any form of international…
EconomyThe insurance industry’s total generated premiums amounted to 76.1 trillion rials ($2.4 billion at market exchange rate) in the four months that ended July 20, marking a year-on-year growth of 20…
EconomyThe German state of Bavaria has authorized three Iranian lenders to open branches in Munich, announced its State Minister of Economic Affairs and Media Ilse Aigner at a press conference in Tehran…
EconomyThe pistachio trees in a village in southern Iran are long dead, bleached white by the sun - the underground water reserves sucked dry by decades of over-farming and waste, reads an AFP report.…
EconomyDeputy minister of cooperatives, labor and social welfare Hamid Kalantari says non-oil goods worth more than $1.7 billion were exported by the cooperative sector during the past fiscal year (March…
EconomyThe Islamic Republic of Iran Customs Administration and the Ministry of Defense have signed an agreement for the ministry to provide the customs with new domestically-made cargo scanning equipment…
EconomyThe consul general of Turkey in Tabriz Çağlar Fahri Çakıralp says 166 Turkish companies have invested over $1 billion in Iran.
EconomyIran’s non-oil exports to Russia during the first four months of the current fiscal year (March 20-July 21) stood at 89,800 tons worth $59 million, registering a 2% decline in value compared to…
EconomyIran’s two major coal producing companies extracted 680,420 tons of the mineral and produced 222,895 tons of coal concentrate during the five months to August 21, which indicates 56% and 38%…
EconomyAfghanistan's Ministry of Urban Development and Housing says the third phase of the Khawf-Herat railroad will be completed by the end of the week.
The phase, which is 62km long, connects…
EconomyAluminum is the world’s fastest growing industrial metal and Iran has the potential to be a major player in this sprinting, lucrative sector, according to a presentation made by the London-based…
EconomyTehran Stock Exchange’s main index gained 12.80 points or 0.02% to end Monday trade at 76,522.2.
More than 874 million shares valued at $38.5 million changed hands for the day.
Bank…
EconomyGerman carmaker Daimler plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla and Volkswagen’s Audi.
A person familiar…
EconomyA total of 137 luxury cars, which have been refused entry into Iran, will be repatriated, an official at Iran’s Confiscated Assets Organization said on September 4. Amin Daliri added that the…
Economy
