Economy

The government has allocated 31.17 trillion rials ($660 million) for the installation of modern irrigation systems in farmlands across the country, of which 41% (close to $270 million) have been…

The government earned 150% more from tax than from oil in the last fiscal year (March 2016-17), the chairman of Iranian National Tax Administration said.

Kamel Taqavi-Nejad made the…

Iranian Privatization Organization has sold over 6.84 trillion rials ($146 million) worth of public companies’ shares to the private sector so far this fiscal year (started March 21, 2017). Over…

Iran Khodro unveiled a plug-in hybrid electric version of its Dena+ sedan over the weekend.

The hybrid is equipped with a 90KW and 220Nm electric motor and a 14kWh lithium-ion battery…

Two major automakers Iran Khodro and SAIPA displayed their products at a special Iranian trade and industrial exhibition in Iraq from February 12 to 15. More than 100 Iranian companies active in…

More than 2.18 million TEUs of container goods were loaded and unloaded in Hormozgan Province’s Shahid Rajaee Port during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20…

Iranian steelmakers produced 34.7 million tons of steel during the first 10 months of the current fiscal year (March 21-Jan. 20) to register a 14.3% growth compared with last year’s…

Tehran stocks spent last week in limbo, as traders seemed paralyzed with eyes fixed on the foreign exchange market for a sign of stability, which remains elusive.

Tehran Stock Exchange’s…

Home prices will rise at a rate higher than the inflation–currently hovering at 10%–in the next fiscal year that starts on March 21, the head of Tehran Association of Realtors said.

Foreign exchange market showed early signs of cooling on Thursday after the Central Bank of Iran unveiled its emergency package aimed at enticing investors to embrace regulated monetary and gold…

Bank Melli Iran, the nation’s biggest bank, is becoming more aware of the important role played by big data, as its deputy for information technology and communications network says it has…

A number of companies from several countries have expressed interest in implementing construction projects in the town of Pardis, the chief executive of state-owned Omran Pardis New Town Company…

Majlis Joint Commission has removed an article incorporated in the bill for the next fiscal (March 2018-19) about imposing  a ban on the import of transgenic crops that fail to secure…

Three Airbus A319 secondhand jets landed in Mashhad International Airport on Wednesday and are expected to join the fleet of a newly-established Iranian airline, Tehran Air. Reza Jafarzadeh, the…

Cigarette tax will remain unchanged as approved by Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill proposed by the government before its final…

No cases of human infection with the H5N6 strain of avian flu have been reported in Iran yet, Mohammad Mehdi Gouya, the director-general for communicable diseases at the Health Ministry…

With 229 vessels, Iran accounts for 1.1% of the global maritime transportation capacity and ranks 20th in this respect.

Managing Director of the Ports and Maritime Organization of Iran…

Iranian steel billet export prices increased by $5 per ton over the week that ended on Feb. 14, with deals being reported at the higher prices.

Metal Bulletin’s weekly price assessment…

Pakistan’s recent restrictions on fresh fruit imports from Iran have sparked fears among Pakistani exporters that Iran may retaliate by imposing similar curbs on shipments from Pakistan.

Bank of Industry and Mine sold off a 51% stake in its investment arm, Industry and Mine Investment Company on Tuesday on the capital market, BIM’s head of subsidiaries and general meetings…

Filmtabdil is a local startup which converts old films and cassette tapes into digital format to help save family memories from deterioration in a rapidly changing digital world.

A potentially serious new bug has been detected which can affect a wide range of Apple devices. Software engineers at Aloha Browser discovered two Unicode symbols in a non-English language that…

Europe’s justice commissioner told Facebook, Twitter and Google to do more to bring their user terms in line with EU law, ramping up pressure on the tech giants after their efforts were deemed…

A university student named David Nadlinger has won the top prize in a science photography contest held by UK’s Engineering and Physical Sciences Research Council after capturing a photo of a…

Ma Insurance has recently renewed a contract it signed with PartnerRe’s French branch in 2016 as part of efforts to expand its international presence. According to a press release by the company…