Economy

Steel prices have been on the rise in Iran since early this fiscal year (started March 21) on the back of changing local and global dynamics.

The growth, although welcomed by steelmakers,…

Japan's Toyo Engineering Corporation on Monday signed an agreement with the National Iranian Oil Company and Petropars to develop the offshore Salman oil and gas field in the Persian Gulf.

The Shiraz Auto Exhibition opened on Tuesday at the Fars International Permanent Fairground, hosting a large number of local and foreign automakers and importers.

Carmakers will…

Chinese carmaker Chery has begun production of its latest and most expensive SUV the Tiggo7 in Iran’s southern Arg-e-Jadid Special Economic Zone near Bam in Kerman Province.

Chery has…

The judiciary is set to push forward with a national scheme to significantly reduce the number of car thefts in the country.

Head of the judiciary’s Crime Prevention Bureau Alireza Savari,…

French carmaker Renault’s production and sales outlets in Iran sold 68,365 vehicles in the first-half of the current year giving the French carmaker a significant boost in profitability. Renault…

Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh signed a memorandum of understanding with Iraqi labor and social affairs minister and caretaker of industry and minerals…

The Iran-Brazil Chamber of Commerce convened on Sunday for its inaugural meeting with the board of directors and selected Kaveh Zargaran as the head of the chamber.

Zargaran is currently…

Central Bank of Iran’s Governor Valiollah Seif met with Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong on Sunday in Tehran, during which he called for establishing strong banking…

Iran imported 510,000 tons of oil and non-oil goods through its land borders during the three months to June 21. Exports from land borders during the same period stood at 1.653 million tons.

Iran’s flagship flat steel producer has taken control of one of the country’s largest mining investment companies and extended its reach in the industry.

By holding a 37% stake in Mines and…

The first application offering data on Iran’s capital market was released this week by Iran Financial Center. The Iran Financial Databank app is now available on IOS, Apple App Store, Google Play…

About 78,000 tons of fresh tea leaves worth 1.55 trillion rials ($41 million) have been purchased from farmers by the government at guaranteed prices, the head of Tea Organization of Iran said on…

Iran is planning to use drones to control road traffic as of the second half of the current Iranian year (starting Sept. 23).

“Traffic in parts of Iranian roads will be controlled by drone…

Egg exports from Iran have recently come to a halt, as the country is not able to conclude deals with foreign markets due to its high base prices, rendering the Iranian product uncompetitive in…

The ninth session of Iran-Vietnam Economic Commission was held in Tehran on Sunday. It was co-headed by Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong and Iran’s…

About $650 million worth of goods were exported from Varamin County on the outskirts of Tehran Province in the last Iranian year (March 2016-17), registering a 10% increase compared to the year…

Women in Iran broke another glass ceiling on Sunday when Iran Air's first female Chief Executive Officer, Farzaneh Sharafbafi officially took charge of the country's flag carrier company. The…

Google Maps can now tell you when its best to leave for your destination with alternative journey times.  The new feature is only available for Maps users on Android, and it pops up when you…

A researcher at Mashhad University of Medical Sciences has produced a wrist device (actigraphy tracker) aimed at giving individuals a better understanding of their daily movements.

…

The US Drone Racing League has set the Guinness World Record for fastest drone in the world, or the category of “fastest ground speed by a battery-powered remote-controlled quadcopter.”

…

The boxy, electric bus bouncing along a road in a leafy university campus in Taiwan is fitted with special high-tech sensors, but it has no driver at the wheel.

When a student steps out in…

Agriculture Minister Mahmoud Hojjati held talks on boosting cooperation with his Vietnamese counterpart, Nguyen Xuan Cuong, in Tehran on Saturday.

The Iranian minister said the two…

A total of 516 kilometers of new rail tracks will be laid by the end of the current Iranian year (March 20, 2018), which will be an all-time record, Jabbarali Zakeri, the deputy head of…

Minister of Roads and Urban Development Abbas Akhoundi has pitched the idea of pursuing urban redevelopment as a serious issue in housing planning while advising the administration to distance…