Economy

According to the director general of the Ministry of Cooperatives, Labor, and Welfare’s Tehran office, 350,451 people are unemployed in Tehran Province, of which 234,557 are men and 115,894 are…

Over the past three years Iran has managed to increase production of table poultry and red meat by 20% to reach an overall figure of 820,000 tons of red meat and 2.2 million tons of poultry.

A memorandum of understanding was signed between head of North Khorasan Province Chamber of Commerce, Industries, Mines and Agriculture, Mohammad Samadi and head of Azerbaijan Republic Chamber of…

Samsung has announced a global recall of the Galaxy Note 7 smartphone after an internal investigation into reports of batteries catching fire, according to reports from several sources worldwide…

Iran’s Computer and Video Games Foundation has launched a website to promote entrepreneurship and help companies find budding graduates seeking jobs in the gaming industry.

Samsung and South Korea’s Ministry of Science, ICT and Future Planning are to invest in Iran’s growing information technology sector, according to reports from Seoul.

Given President Rouhani’s emphasis on the development of economic and trade with Lebanon, the governor of the Central Bank of Iran says he is focused on expanding banking relations with the…

Almost 95% of bank customers in Iran are using non-traditional banking services which merit a greater employment of online services and social networks in Iran’s banking sector, according to Ali…

Tejarat Nou Insurance, affiliated to Tejarat Bank, has signed an agreement with Post Bank Iran to insure property held as collateral for loans made by PBI. Tejarat Nou’s CPI insurance policies…

The rating process for Iranian banks will commence in late October and lenders will be classified into four main groups, said the Central Bank of Iran's deputy for supervisory affairs.

The Third National Festival and Exhibition of Iranian Medicinal Plants, Natural Products and Traditional Medicine will be held at Tehran’s Imam Khomeini Mosalla from September 5 to 8, ISNA…

‘Iran Agro Tech 2016’ has been scheduled for December 6 in Tehran. Iranian and foreign companies will be showcasing their latest products, including organic produce, herbs, fertilizers, pesticides…

German companies hoped the opening of Iran’s economy following the lifting of international sanctions in January would let them rekindle longstanding commercial ties and quickly strike gold.…

Tehran Chamber of Commerce, Industries, Mines and Agriculture will be hosting a delegation from Bavaria headed by the German state’s Minister of Economic Affairs and Media, Energy and Technology…

Iran exported 4,300 tons of non-crude oil goods worth $30.8 million to Hong Kong during the first four months of the current Iranian year (March 20-July 21), registering a 54% hike compared to the…

More than 60 million tons of oil and non-oil goods were loaded and unloaded at Iran’s ports during the first five months of the current fiscal year (March 20-July 20, 2016) indicating a 12.8%…

Tehran Stock Exchange’s main index shed 190.70 points or 0.25% to end Wednesday trade at 77,167.9.

More than 505 million shares valued at $34.2 million changed hands for the day.

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Internet provider Shatel plans to sell 10 trillion rials ($281 million) of Murabaha bonds on the Iran Fara Bourse, Securities and Exchange News Agency SENA reported on Wednesday.

The…

ADY Express Company, a subsidiary of Azerbaijan Railways, has started moving cargo via the so-called International North-South Corridor.

Mobarakeh Steel Company started using domestically produced catalysts manufactured by Sarv Oil and Gas Industries Development Company in its direct iron ore reduction plant on Wednesday. According…

Germany, the third largest pharmaceutical hub of the world, is sending representatives from its pharmaceutical industry to attend the upcoming IRANPHARMA EXPO 2016 (2nd International Exhibition on…

Iran’s largest automaker, Iran Khodro Company has produced 57,879 vehicles and pickup trucks during the last Iranian month (ended August 22).

This has marked the company’s highest record…

Kermanshah, in the west of Iran, is hosting the seventh edition of a local auto expo that opened on Tuesday.  The exhibition features a range of automobiles, spare parts, and other related…

A truck carrying Takata airbag inflators and propellants (the components responsible for Takata’s 2015 recall) exploded in Texas earlier last month.

According to Reuters the truck was…

Japan’s transport ministry has announced that eight more models sold by Mitsubishi have overstated fuel economy figures, and has ordered to stop domestic sales of those models.