Economy

Invex 2016 is scheduled for October 31-November 12 on Kish Island, according to the event’s organizer Aria Hamidian.

The event consists of two separate expos, namely the third EBEX and the…

Parsian Lotus Investment Bank is launching its first venture capital fund in September, boursepress reported.

The fund called Rouyesh Lotus will focus investments in health and…

Iran’s steel industry is moving towards becoming a major global player. Unshackled from years of economic sanctions, Iran is looking to expand its steelmaking capacity over the next decade. The…

Germans are the top foreign investors in Iran's securities market, according to a top Securities and Exchange Organization official.

Investments from Germany make up half the total…

The Iranian Privatization Organization sold over 1.69 trillion rials in stocks from government owned companies during the first five months of the current Iranian year (March 20-August 21). Over…

Iran’s National Information Network (NIN) was officially launched on Sunday.  

The first phase of the network, established by the Ministry of Communication and Information Technology,…

For the first time this winter, Iran will be hosting the International Humanoid Robotics Olympics.

Tehran’s Amir Kabir University of Technology (AUT) will host the event scheduled for…

Iran and Bolivia signed a memorandum of understanding on space cooperation in Bolivia’s Santa Cruz de la Sierra, on Friday.

Iranian researchers from The University of Mohaghegh Ardabili, Ardebil Province, have used nanotechnology to produce plastics with high biodegradability.  The new nanotech could be an…

Iran and South Africa will undertake technological exchange.

Deputy Minister for Research and Technology Vahid Ahmadi pointed to the joint technological center established by Iran and…

Russia’s Telecoms Minister Nikolai Nikiforov said his country’s space agency Roscosmos and Iranian space organizations are to increase cooperation in the field of aerospace technology.

One really wonders how to describe a country going through a currency devaluation and high inflation. You lose all notion of value. It is really hard to grasp 30% inflation and its effects from a…

Domestic rice production is estimated to exceed 2.1 million tons in the current fiscal year that ends in March 2017, indicating 8% increase compared to last year, according to deputy minister of…

Iran's Vice President for Science and Technology, Sorena Sattari, says 98% of domestic demand for medicine is produced inside the country, adding that Iran will soon export pharmaceuticals to…

Foreign Minister Mohammad Javad Zarif and his 80-strong accompanying delegation attended a joint economic forum in La Paz in the presence of Bolivian Leader Evo Morales on late Friday.

Lebanese Minister of Industry Hussein El Hage Hassan was to in Tehran on Saturday accompanied by a  delegation to discuss ways to augment cooperation in science and trade, IRNA reported.…

The government has managed to finalize the construction of 800,000 Mehr housing units in the past three years and plans to finish the remaining 2,200 units by February 2017.

Governor of the Central Bank of Iran Valiollah Seif said initiatives are underway to prepare Iran's banking system for adopting Basel II and III standards.

The Export Development Bank of Iran is holding talks with the National Development Fund of Iran to open a $1 billion credit line to promote exports and offshore construction schemes, announced the…

The Central Bank of Iran has approved three applications by domestic banks for launching offices in Italy, Germany and the UK.

CBI’s Office for Banking and Monetary Permits on Saturday…

Tehran Stock Exchange’s main index shed 324 points or 0.52% to end Saturday trade at 77,757.5.

More than 784 million shares valued at $46.1 million changed hands for the day.

Pars…

The 15th edition of ‘Iran International Confectionary Fair’ will be held in Tehran September 13-16.

Mazandaran Post Office has launched a new service to deliver agricultural products across the country. The so-called AgroPost will help direct shipment of crops cultivated in the northern province…

Iran maintains its position as the world’s biggest direct reduced iron producer. World Steel Association’s latest data on DRI output for January-July period shows the Islamic Republic outperformed…

An estimated 28,000 tons of pistachio worth 8.3 trillion rials (close to $234.5 million) were exported during the first four months of the current Iranian fiscal year (March 20-June 20), which…