Economy

Iran has piqued financial interest throughout the world for its massive energy reserves, but the country actually has a host of other opportunities in less obvious areas, a global investor said.…

Exports to the member states of Eurasian Economic Union, namely Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, will either be fully exempt from customs duty or enjoy a duty cut of up to 80…

A rail cargo route from Quetta in Pakistan to the city of Zahedan in eastern Iran will be launched soon as part of the Islamabad-Tehran-Istanbul rail route, Pakistan’s Minister of Railways…

Some 12.93 million tons of goods were loaded and unloaded in Iranian ports during the third month of the current fiscal year (May 22-June 21), registering a 1.5% increase compared with the…

The biggest privatization in Iran’s agriculture sector will be held on July 31. The government will auction 100% of its 3,182,307,000 shares in Moghan Agro-industrial and Animal Husbandry Company…

A memorandum of understanding was signed between Shanghai Elevator Trade Association Vice President ChunTao Li and the head of Iranian Syndicate of Elevators and Escalators Industries, Mohammad…

The Nigerian government and Iranian Embassy representatives in Abuja have voiced interest in  building a closer technology partnership.  Nigeria's minister of science and technology,…

RighTel, the third biggest mobile operator, is working hard to catch up with its main rivals, MTN-Irancell and Mobile Communication Company of Iran (MCI), in the Mobile Number Portability race,…

The Computer Emergency Response Coordination Center (MAHER), affiliated to the Telecoms Ministry, said new malware attacks have been reported on university servers across Iran.

The attacks…

Over the past several years, a team of roboticists at the University of Tehran has been working on increasingly large and complex life-size humanoids. For their latest project, however, the…

Iran and Vietnam are going to cooperate on exchange of international postal money order through the International Financial System in Universal Postal Union.

The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson, Mohammad Baqer…

Iranian insurers annually pay $3 billion as compensation for traffic collisions which, according to the Central Insurance of Iran, is very high and considered a national loss.   

As the bank interest rates’ cuts are a hot topic of discussion these days, the minister of industries, mining and trade has said cutting interest rates should not be forced and the resources of…

In its latest meeting on Wednesday, the Cabinet led by President Hassan Rouhani reviewed a report provided by the Central Bank of Iran on the situation of illegal credit institutions.

In…

The implementation of Iran’s nuclear accord with world powers in early 2016 bodes well for Bank Saderat Iran, as its foreign exchange services registered a significant annual increase.

A previously-promised nationwide online database of all residential units across the country is planned to become operational by the end of the current fiscal year (March 20, 2018), the head of…

A multilateral memorandum of understanding was signed on Wednesday to set up Iran’s first-ever apparel industrial park in cooperation with public, private and cooperatives sectors.

The…

Close to 460 tons of unshelled pistachio worth 223.5 billion rials ($5.9 million) were exported from Iran during the first month of the current fiscal year (March 21-April 20), according to the…

More than 5,770 tons of lentil worth 210.7 billion rials (over $5.56 million) were imported into Iran during the first month of the current Iranian year (March 21-April 20), according to the…

India is keen to rapidly develop Iran’s Chabahar Port, a strategic facility that New Delhi hopes will help expand trade with Afghanistan and energy-rich Central Asia by circumventing Pakistan.

Majlis Research Center has put forth eight proposals for the consideration of Foreign Ministry, including one for the revival of the economic department in the country’s diplomatic apparatus.…

The government has invested $1.5 billion in railroad projects ever since President Hassan Rouhani took office in August 2013, Saeed Mohammadzadeh, CEO of the Islamic Republic of Iran Railways,…

The second round of negotiations between Iran and Pakistan on a free trade agreement started in Islamabad on Tuesday and concluded on Wednesday.

A three-member delegation from Trade…

Malaysia exported RM748.1 million ($174.1 million) worth of palm oil to Iran during the five months of 2017, up 141.5% compared with last year’s corresponding period, Malaysian English-language…