Economy

South Korean manufacturer of rolling stock, defense products and plant equipment Hyundai Rotem has collected 83.5 billion won (about $75 million) in outstanding payments from a railway project in…

A trade delegation of representatives from the public and private sectors is scheduled to visit Oman in mid-September, said the deputy head of the Trade Promotion Organization of Iran Mohammad,…

More than 327,000 tons of watermelon worth almost 1.7 billion rials ($47.9) were exported during the first four months of the current fiscal year (March 20-June 20), registering a 6% rise in…

Iran exported 570,600 tons of non-oil goods worth $182.8 million to Turkmenistan during the first four months of the current Iranian year (March 20-July 21) -- a 27% decline in value compared to…

The Italian Danieli group, which is one of the world’s largest suppliers of equipment and plants to the metal industry, is set to revamp Khorasan Steel Company’s electric arc furnace technology to…

Equities continued to slide last week finishing the six-week rally that saw stocks rise to their highest since March on Aug. 7. Even the publishing of better-than-expected first quarter growth…

Syrian Prime Minister Imad Khamis and Iranian deputy economy minister, Farhad Zargari, in a meeting in Damascus on Wednesday discussed ways to expand cooperation, namely in the economic spheres.…

One of the world’s leading maritime exhibitions, Rotterdam-based Europort has become the official and exclusive international partner of the 18th Marine Industries Conference and Iran…

Iran’s pharmaceutical industry has found itself in a catch-22. On the one hand, the country is trying to grow its pharmaceutical exports and attract investment in the industry. But on the other,…

Cement produced by Qayen Cement Company has replaced bitumen as the main construction material for Qayen-Birjand Highway, the Persian-language newspaper Donya-e-Eqtesad reported.

The…

Islamic Republic of Iran Shipping Lines and Skuld on Thursday signed an agreement to start cooperating on marine coverage. The Norwegian insurer also agreed to hold training courses for IRISL’s…

The Central Bank of Iran has never approved banks engaging in speculative and non-banking activities, said the CBI’s deputy for supervisory affairs on Thursday.

The banking system will start issuing credit cards to gradually meet the customers’ needs for small loans and help pull "the real economic sectors" out of the prolonged recession, a statement by…

All banks registered in Iran’s banking network are now authorized to sell housing bonds, announced a member of Money and Credit Council, a decision-making body.  

The first Digital Content Creation Marathon was held at Sharif University of Technology in Tehran on Friday. The event was organized in collaboration with the Vice Presidency’s Office of Science…

Iran will host a two-day international telecom event named Iran Connect in September.

Slated for September 6-7 in Tehran, the event has been planned by Iran’s Ministry of Communications and…

MTN Irancell, Iran’s second mobile phone operator, has released a new companion app for android and iOS mobile users.

Since many use several of its mobile communications to home Internet…

Airbus, the second largest aeronautics company after Boeing, envisions a future of flying taxis operated by artificial intelligence.

The plan sounds too ambitious when it claims to begin…

Twitter revealed on Thursday that over the last six months, it has suspended 235,000 accounts for promoting extremism and terror.

The figure adds to the 125,000 users it kicked off the site…

To expedite banking transactions between Iran and China, the Central Bank of Iran on Tuesday opened two new accounts in euro and yuan with the Export-Import Bank of China (Chexim).

The Central Bank of Iran has permitted banks to open letters of credits in foreign currencies at market exchange rate.

The unification of foreign exchange rates and establishment of an interbank forex market are prerequisites set by the Central Bank of Iran for launching a foreign currency futures market,…

Insurance brokers have called for the establishment of an official union that would enable them to advise policy buyers and help promote healthy operations in the industry.

Presented during…

Iran has witnessed a significant surge in its foreign exchange earnings as a result of the steady increase in oil exports in the post-sanctions era, the governor of the Central Bank of Iran said…

Azad Omrani, a member of the Agricultural Products National Association, has cautioned against alacrity in the commercializing and consumption of transgenic crops.