Economy

The UAE was the biggest destination for Iran’s saffron exports during the first two months of the current Iranian year (started March 20), accounting for 11 tons worth over $18.6 million out of…

The Producer Price Index in the 12-month period ending June 20, which marks the end of the Iranian month of Khordad (ended June 20), increased by 3.8% compared with last year’s corresponding…

Iran’s non-oil foreign trade in the first quarter of the current Iranian year (March 20-June 20, 2016) reached $19.47 billion.  According to the Islamic Republic of Iran Customs…

A new service announced by the government will allow people to access online services via an Android mobile application. The "Favakade" app enables cellphone users to access e-services provided by…

Iran has purchased the rights to two geostationary orbit positions from the International Telecommunications Union, the deputy director of Iran's Space Agency announced.

In an interview…

Researchers at Babol University of Technology in northern Iran have synthesized a nano membrane that can facilitate seawater desalination. Zahid Dabbaghian, the project manager, described the…

Rolls-Royce is not limiting its robotic transportation plans to luxury cars.

The British transportation firm has outlined a strategy for deploying remote-controlled and autonomous cargo…

The US government has extended through August 30 a reprieve to ZTE Corp. on tough export restrictions imposed on the Chinese smartphone maker in March for allegedly breaking sanctions against Iran…

Outlining banks' newly updated accounting rules, the head of Monetary and Banking Research Institute of the Central Bank of Iran gave assurances that the new financial statements will steer the…

Some 36,900 homes were sold in Tehran during the three month ending June 20, showing a growth of 5.6% compared with the same period last year.

The Organization for Economic Cooperation and Development (OECD) has upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported…

Post Bank Iran, a state-owned commercial bank, has been tasked by the government’s to help fund job opportunities in rural areas. The bank is to receive 3 trillion rials ($98 million) in credit to…

Tehran Stock Exchange’s main index, TEDPIX, inched up 71.54 points or 0.10% to close Sunday trade at 73,743.50.

Close to 950 million securities valued at $62.3 million were traded in the…

Eleven million people live in informal settlements across Iranian metropolises, says a board member of the Urban Development and Revitalization Organization (UDRO), affiliated to the Ministry of…

Plans are underway to increase domestic aluminum production capacity from the current 470,000 tons per year to 800,000 tons by 2020, says Deputy Minister of Industries, Mining and Trade Mehdi…

The securities and Exchange Organization has given the go-ahead for creating credit ratings agencies to increase market transparency as a first step to acquiring the trust of foreign investors,…

An estimated $1.2 billion worth of mineral products were exported during the first three months of the current Iranian year that started on March 20 --  a 47% rise compared to last year’s…

South Korean heavy industrial firm Doosan Heavy Industries and Construction has secured a $186 million deal to build a desalination plant in Iran, the company said Monday.

Doosan is the…

Britain’s vote to leave the European Union is an unprecedented development, but will have little impact on Iran’s economy.

“I do not think Britain leaving the EU should be considered a…

The Swedish Embassy in Tehran has opened a so-called trade department with the aim of enhancing bilateral economic interaction between the two countries, according to Swedish Ambassador Peter…

Iran-China trade in the first five months of 2016 fell 25% compared with last year’s corresponding period to stand at $11.15 billion, Tasnim news agency reported citing China’s General…

Iran is now importing eyed trout eggs from Spain, the UK and Denmark, says head of Iran Fisheries Organization, Hassan Salehi. “The majority of our imports used to be supplied by France,” he was…

Changes in the structure of Iranian households have led to improvement in labor force participation, says the head of Economic Development and Research Institute of Tehran University. According to…

The central city of Qom has been selected as the ideal location for production of electric motorcycles for the first time in Iran.

Director of the Iranian Standards Association in Qom…

Morad Majlesi, the director of the newly created ICKOP, a joint venture between PSA Group (Peugeot-Citroen) and Iran Khodro, passed away on June 26. Majlesi was rushed to  hospital with…