Economy

Metro industry taps into domestic resources to meet 70% of its needs for parts, said the managing director of Tehran Urban and Suburban Railway Company. Mohsen Nayebi added that the Second…

East Azarbaijan Province exported more than 1.5 million tons of goods worth over $745 million to 97 countries from March to December 2015, which indicates a 1% increase in terms of volume and a 2…

Smuggling is the biggest challenge facing Iran’s textile industry today, said deputy minister of industries, mining and trade, Mojtaba Khosrowtaj, at the opening ceremony of the 11th International…

In this edition of investment opportunities series, we will introduce two lucrative businesses.

First, wedding planning–a merry bonanza that enjoys everlasting appeal throughout the year—…

The Switzerland-based LafargeHolcim Group–one of the global leaders of building materials sector–has expressed readiness to cooperate with Iran’s Fars and Khuzestan Cement Company in cement…

Equities climbed to a four-month high by the week's close on Wednesday, in anticipation of the removal of international sanctions against Tehran's nuclear energy activities.

However, the…

The United Nations Security Council and western sanctions on Iran are set to be lifted in a few days.

Not only Asian, European and Russian firms are lining up, but also American giant…

British Telecom's £12.5 billion takeover of mobile phone firm EE has been cleared after a six-month investigation by the competition regulator.

The Competition and Markets Authority's…

1.2 Gbps is some speed to enjoy on any Internet connection. But when you are treated to this unrivaled browsing experience in a lush hotel in Abu Dhabi, the UAE, you are bound to have an…

Researchers from Iran Polymer and Petrochemical Institute have succeeded in the laboratorial production of nanostructures applications in various fields, including medicine, production of optical…

Smartphone maker Xiaomi Inc. said on Friday it had shipped more than 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China's most…

The bulk of Iran’s frozen foreign assets worth $30 billion will be released next week soon after the nuclear accord with the six world powers takes effect, Valiollah Seif, governor of the Central…

Azerbaijan has introduced a temporary restriction on the import of livestock and livestock products from Iran in connection with the outbreak of foot and mouth disease. The latest outbreak was…

Islamic clothing such as women’s manteaus constitute the lion’s share of Iran’s apparel exports to Arab countries, according to the head of Clothing Retailers Union. Iran-made suits and garments…

A 25% increase in revenues from seafood exports is within reach, now that European countries plan to resume their purchases from Iran, says an official with Iran’s Fisheries Organization. …

With the end of economic sanctions on Tehran in sight, Chinese President Xi Jinping plans to visit Iran late in January to prepare the way for businesses to follow.

Xi hopes to be the first…

Iran, Azerbaijan, Georgia and Ukraine signed a memorandum of understanding on implementing the International North-South Transport Corridor project in a meeting in Azeri capital Baku on Tuesday…

Some 40 member states of World Trade Organization have expressed readiness to join a working party in charge of negotiations over Iran’s accession, says deputy minister of industries, mining and…

Last Iranian year (ended March 20, 2015) saw smuggling cut to $19.8 billion from the preceding year’s $25 billion, said the head of Central Taskforce to Combat Smuggling of Goods and Foreign…

Drivers’ performance and third-party vehicle insurance data will go online by Jan. 20 in an attempt to enhance transparency and ease of data transfer for the industry. The planned system will help…

Eihbank (EUROPAEISCH-IRANISCHE HANDELSBANK) wants to increase the number of its branches in Europe, said Ali Ashraf Afkhami, Bank of Mine and Industry’s chief executive at a meeting with a Spanish…

Paving the way for foreign firms to return to the Iranian market and bring along advanced technology is among the top priorities, Akbar Torkan, senior advisor to President Hassan Rouhani said on…

Foreign exchange derivatives market could help boost confidence among businesses, a senior banking official said.

Correcting the name “foreign currency bourse” to “foreign currency…

The Supreme Court on Wednesday will hear arguments in an appeal by the Central Bank of Iran, to reverse a 2014 lower-court ruling that said assets worth nearly $2 billion in frozen Iranian funds…

Iran Mercantile Exchange’s export trading board played host to 45,000 tons of granulated iron ore by Golgohar Iron Ore Complex at the base price of $18 per ton on Wednesday.

The same board…