Economy

The Ministry of Roads and Urban Development has advised companies shipping to Europe to avoid routes passing through Turkey, in the latest sign of how Iranian transit authorities have become…

Governor of the Central Bank of Iran Valiollah Seif has announced a new shift in lending priorities toward services sector in a move to stimulate sales growth.

Seif, who was addressing a…

Construction activity in Iran has been down for more than two years. The government is looking for solutions to help stimulate both supply and demand sides in the real-estate market and …

Latest figures released by the Central Bank of Iran indicate that foreign currency reserves of banks and credit institutions grew 6.8% in the first quarter of the current fiscal year (started…

The country's second mobile operator, MTN Irancell, has announced that it has expanded 3G and 4G-LTE services to Tehran Subway.

According to the company, three stations in Tehran Subway's…

A new report estimates Apple shipped 3.6 million watches in the last quarter—more than some analysts have estimated and enough to change the competitive landscape for fitness bands and other…

Researchers at the Materials and Energy Research Center have developed a new type of medical steel used in implants, which will soon be produced on a mass scale.

Iranian researchers at Ramin Power Plant in Ahvaz city in southwestern Khuzestan Province have developed convertors for use in oil, gas, petrochemical and other industries. “The convertors can be…

Clothing industry is set to leave behind the recent years’ recession resulting from inflation and fluctuations in foreign currency exchange rate, said the head of Iran’s Textile and Clothing…

After days of rout at Tehran Stock Exchange, TEDPIX staged a tepid rally on Saturday thanks to the banking and auto sectors' outperformance.

More than 153,000 tons of commodities were offered on Iran Mercantile Exchange’s various trading floors on Saturday.

With China imploding, Latin America in heavy decline and Russia seemingly on a path of global exclusion, the emerging market growth of yesterday is looking increasingly unattractive, writes…

Exactly half a century after the publication of Nasser Motamedi’s book “Iran is Not an Agricultural Country: It Has to Industrialize”, the government is focusing on finding the best way to…

With recent upheavals in the foreign exchange market, demand has tilted toward both the US dollar and the precious metal. Although the greenback had remained stable during the past months with…

The revised tax law has now kicked in, requiring the owners of vacant homes to pay taxes on their property. The measure—which was to announced last week but would take a year to be implemented—was…

A study of non-interest incomes generated by 19 local commercial banks in the past two years has given an insight into the performance of each bank in terms of collecting banking fees and foreign…

It took the hairy, tough-skinned kiwifruit four decades to squeeze itself among Iranians’ fruits of choice. The past Nowruz - the traditional Iranian new year holiday- shortage of oranges was…

There are currently $14 billion worth of unfinished projects across the country, says the Vice President for Executive Affairs Mohammad Shariatmadari, adding that due to the government’s tight…

New mineral explorations have found Sangan Mine’s iron ore reserves to be at 1.2 billion tons, which make it a “world-class” iron ore mine, said the head of Iranian Mines and Mining Industries…

Iran will not import wheat this [Iranian] year (2015/16) for the first time in about a decade thanks to a bumper crop, said deputy minister of agriculture Ali Ghanbari.

About 1.5 million tons of horticultural products worth $2.8 billion are annually exported, said deputy minister of agriculture in horticulture affairs, Mohammad Ali Tahmasbi, adding that Iran’s 2.…

DP World, one of the world’s largest port operators, says it is in talks with relevant authorities to start port operations in Iran, which recently reached a deal with world powers to limit its…

Iranian airlines are gearing up for a removal of sanctions over Iran’s nuclear program by yearend as part of July-14 nuclear deal between with world powers.

Hyundai has allayed the concerns of South Korean customers about the difference in safety levels of cars sold domestically and those in the export market.

It was able to prove its parallel…

Iran's leading carmakers, Iran Khodro and Saipa, will receive bank loans to help alleviate their financial troubles, a member of the Majlis Industries Commission said.