Economy

An estimated 40,000 tons of ginned cotton was produced in the last crop year – not a banner year for the industry with a record of 250,000 tons in cotton production once, says Alireza Haeri, a…

Google X’s Self-Driving Car unit hired Shaun Stewart, a high-level Airbnb executive, in a move that appears to underscore the Alphabet Inc. project’s transition from R&D initiative to…

Uber, the ride hailing service, has reportedly lost $1.27 billion in the first half of 2016 alone. This whopping loss is operational and not a result of one time charges or anything of the sort.…

Three major Iranian car manufacturers have recently hiked prices unexpectedly.

This has been done despite the repeated warning of experts that the auto market is not ready for price hikes…

The goods and services Consumer Price Index for urban areas in the 12 months ending August 21, which marks the end of the Iranian month of Mordad, increased 8.9% compared with last year’s…

The central banks of Iran and Ecuador on Wednesday agreed to open accounts in euro and each other’s currencies for expanding relations between the two countries’ banks, opening letters of credit…

South Korea will launch a euro-based settlement system for transactions with Iran next week, one of the biggest financial barriers to trade with Iran, following the lifting of international…

Some 17,032 houses were sold in Tehran during the month ending August 21, marking a year-on-year growth of 30.1%, continuing a bullish trend that could herald a recovery for the depressed property…

The Central Bank of Iran has opened bank accounts in major European and Asian countries and secured 542 such openings so far, according to the deputy governor of CBI for foreign exchange affairs…

Public joint-stock company Azovobschemash (Mariupol, Donetsk region), the flagship company of the leader of Ukrainian heavy engineering Azovmash Group, will ship 3,000 wagons to Iran, the…

Iran exported 86,800 tons of non-oil goods worth $45.5 million to Kazakhstan during the first four months of the current Iranian year (March 20-July 21), registering a 13% decline compared to the…

A 19-member Pakistani trade delegation of major exporters in textile, leather, rice and agro products, tents and canvas, surgical instruments and gems and jewellery led by S. M. Muneer, Chief…

The sixth edition of Omani Products Exhibition (OPEX) is scheduled to be held in Tehran, from September 26 to 30 as the organizing committee of OPEX has begun its marketing campaign in the Iranian…

Iran is home to only 0.3% of the world’s green houses, according to the director of the Greenhouses, Medicinal Plants and Mushroom Department of the Agriculture Ministry.

Iran sits at the crossroads of civilizations. With a large, well educated and young population, a relatively high GDP per capita, and a strategic location, Iran has strong potential to become a…

The 17th International Exhibition of Food and Food Processing, iFood 2016,  opened in Mashhad, the capital of Khorasan Razavi Province, on Thursday with more than 200 Iranian and 800 foreign…

Stock markets were in hibernation this week as the Economy Ministry, the parliament and the market regulator were preoccupied with executive salaries and reducing government debt to banks.

An Australian businessman has told the  national public broadcaster ABC (Australian Broadcasting Corporation) he would like to trade with Iran, but his financial institution said it wanted no…

Iran’s Telecommunications Infrastructure Company is to implement effective measures to counter any cyber threat.

A limitless cyberspace, zero boundaries and erosion of national borders…

Iran’s Ministry of Communications and Information Technology has conducted a user preference survey.  “Service quality and prices are the main concerns of Iranian users regardless of who the…

Scientists have discovered a planet that appears to be similar to Earth circling the star closest to the sun, potentially a major step in the quest to find out if life exists elsewhere in the…

MTN Irancell, Iran’s second biggest mobile phone operator, has tested its infrastructure for providing Voice over LTE services.

According to Mehr News Agency, the test was a success and…

Metal Bulletin, a London-based information provider for the global steel, non-ferrous and scrap metals markets, will hold the 'Iranian Base Metals Conference' in Tehran September 6-7.

After the Mehr Housing Project is concluded, several affordable housing schemes to help the low-income strata will be launched, announced the deputy minister of roads and urban development on…

Iranian Mines and Mining Industries Development and Renovation Organization has linked up with two German banks, three Italian banks and some other European banks, “without being charged with…