Economy

More than 1,100 tons of non-oil goods were exported from the port of Kish Island in southern Hormozgan Province during the first three months of the current Iranian year (March 21-June 21),…

Iran’s Agriculture Minister Mahmoud Hojjati arrived in the Italian capital Rome on Sunday at the head of a delegation to attend the 40th session of Food and Agriculture Organization of the United…

A knowledge-based firm in Isfahan has manufactured the first prosthetic leg in the country using 3D printing technology, which is said to be waterproof and has antiskid properties.

The new…

Samsung said Sunday it would start selling a refurbished version of its Galaxy Note 7 smartphone this week following countless recalls of the phone last year due to exploding batteries.

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Payk-e Farzaneh Pooyan, a science-based firm in Fars Science and Technology Park in Shiraz, has launched a new Internet service to boost export of goods and services from Iran.

Farzaneh…

Shahid Beheshti University launched a startup accelerator summer camp on July 2 in Tehran where young businesses can participate in a wide range of programs. During the five-day event, the…

Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a…

Bank Saderat Iran doled out loans worth 232 trillion rials ($6.13 billion) to 212,000 applicants in industries, mining and agriculture sectors in the previous year that ended March 20, 2017, the…

First Vice President Es’haq Jahangiri communicated new regulations to ease the payment process of membership fees in Iran Deposit Guarantee Fund.

The Cabinet approved the changes to…

The US dollar continued its rally in Tehran's market on Saturday, gained about 200 rials and changed hands for 37,920 rials to reach its highest rate since the beginning of the new Iranian year (…

The highly consequential issue of Iranian bank interest rates was the main topic of discussion in the latest event held in Tehran with a broad focus on financial stability. 

A delegation from Iran’s Alborz Province returned from a visit to Germany’s Rhineland-Palatinate on Saturday. As IRNA reported, in meetings with German companies during their weeklong stay, the…

The third Airbus passenger jet Iran has purchased, following the massive deal secured with the European planemaker, operated its first international flight on Friday, Mehr News Agency reported on…

The government has allocated 300 trillion rials ($8 billion) in the current fiscal year (March 2017-18) to spur growth in Iran’s manufacturing sector, Industries, Mining and Trade Minister…

The Department of Fishing in Bushehr has placed a ban on all fishing activities in the southern province’s waters in the Persian Gulf as of July 7 until the start of shrimp fishing season, Abbas…

Around 500 million pens are consumed in Iran annually, of which only 100 million are locally manufactured, the head of Stationery and Engineering Equipment Union said.

"About 400 million…

The average Producer Price Index in the 12 months ending June 21, which marks the end of the Iranian month of Khordad, increased by 6.5% compared with last year’s corresponding period, the…

About 1.35 million tons of commodities worth close to $490 million were exported from the western Kermanshah Province during the three months to June 21, 2017, director general of Kermanshah…

Iran exported some $30 million worth of commodities to Somalia in the last Iranian year that ended on March 20, 2017, registering a 38% increase compared with the year before, Trade Promotion…

Chairman of Iran’s Home Appliances Association Mohammad Tahanpour believes the main problem with local brands of home appliances is their failure to offer replacement warranty. This shortcoming,…

Starting in the spring of 2018, Daimler buses will offer Active Brake Assist 4 (ABA 4) for its Mercedes-Benz and Setra buses. It is the world’s first system built for buses that incorporates both…

Volkswagen’s first vehicle with a 48-volt mild hybrid will be a Golf-sized model, as part of a push to catch up with firms like Tesla, Renault and GM who are spending huge sums to develop…

The Lina electric vehicle, developed by TU/Ecomotive (the student team of Eindhoven University of Technology) employs a combination of a bio-based composite and bioplastics to create a lightweight…

Allowing import permits to auto manufacturers alone will give them ample space for monopoly to consolidate their position in the auto industry, says head of Iran’s Auto Importers Association,…

Several auto enthusiasts had predicted the end of the Chinese auto market outside of the country’s mainland, but according to a new report by Automotive News China in Beijing, French PSA Group…