Economy

Iran seems to have overcome challenges to procure rails and wagons to develop its ambitious plans in rail industry.

Minister of Roads and Urban Development Abbas Akhoundi said the…

New Zealand is about to resume shipments of lamb to Iran, after a gap of two decades.

On May 22, Wellington processor Taylor Preston will ship a modest 60 tons of frozen cuts to mark the…

Tehran Stock Exchange’s main index gained 158 points or 0.2% during the week that ended May 10 to close at 80,127.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 13 points or…

A delegation from Germany’s Saxony state is scheduled to visit Iran from May 16 to 21 to explore ways of initiating cooperation in the rail sector.

According to the Islamic Republic of Iran Customs Administration, 1,586 tons of bags and luggage worth $5.43 million were imported into the country in the last Iranian year (ended March 20, 2017…

A gathering of representatives of transportation companies of Iran and Armenia was held in Tehran Chamber of Commerce, Industries, Mines and Agriculture’s headquarters on Tuesday.

A…

Head of the Islamic Republic of Iran Customs Administration, Masoud Karbasian, has appointed Masoud Atefi as Iran’s permanent representative to World Customs Organization. Atefi earlier served as…

Major Iranian mining companies produced 28.02 million tons of mineral products during the one-month period ending April 20, indicating a 13% growth compared with last year’s similar period,…

A 500,000-rial ($13.3) rise in cash subsidy payments for each Iranian will result in a 6.4% increase in consumer price index the following year, pushing up the inflation rate from 11.2% to 17.6%…

Mobile Virtual Network Operator NeginTel, which operates under the brand name ApTel, signed an agreement on Thursday with Tabriz’s Tractor Sazi Football Club to release branded SIM cards called…

Microsoft has released an urgent update to stop hackers from taking control of computers with a single email.

The unusual bug, in Microsoft anti-malware software such as Windows Defender,…

Speaking at the United Nation’s Commission on Science and Technology for Development (CSTD) — a subsidiary body of the Economic and Social Council — Vice President for Science and Technology,…

Iran Tech Mart (locally known as Fan Bazaar) and Pardis Technology Park are set to hold the third round of Iran Startup Demo Day on May 25.

The event which will take place at Milad Hall of…

Iran’s presidential election campaign is in full swing and what was perceived as an easy victory for the incumbent President Hassan Rouhani seeking reelection only a few weeks ago is now appearing…

The Bank of Industry and Mine has managed to add 300 MW of electricity to the country’s power network by financing ten 500 MW power plants and 24 combined heat and power grids so far.

It…

The economy minister in his latest press conference elaborated on the country’s oil income and banking system partly in response to the claims of candidates running for president in the May 19…

Foreign investments in Iran increased by $3.124 billion during the previous fiscal year that ended on March 20, 2017, the director of the Organization for Investment, Economic and Technical…

Steelmakers exported 359,572 tons of semi-finished and finished steel products, including billet, bloom, slab, rebar, beam and coil, in the first month of the current fiscal year ending April 20,…

Tea production is estimated to increase by at least 5% this year, thanks to favorable weather conditions and abundant precipitation, the head of Tea Farmers Union said. “This year’s tea harvest…

First Vice President Es’haq Jahangiri said making improvements in the business environment is a prerequisite to any development, while outlining the prospective government’s economic agenda.

Some 33,000 tons of seafood worth $148 million and 25,000 tons of dates worth $30 million are exported from Bushehr Province every year, an official with Bushehr Agricultural Jihad Organization…

The manufacture of aircraft parts in Iran was among the topics negotiated between Iranian authorities and major planemakers who have secured contracts to supply passenger jets to the Islamic…

Panid Engineering Co., a private domestic firm based in Tehran, has reportedly reached an agreement with US-based Pall Corporation to build a plant for manufacturing filters for the oil industry,…

Esfahan Steel Company is planning to boost the current fiscal year’s (March 2017-18) exports by 40% to about 1 million tons, the company’s chairman, Ahmad Sadeqi, has been quoted as saying by IRNA…

The final feasibility report on bauxite extraction in Guinea-Conakry was approved by Iranian and Guinean officials in Tehran on Tuesday.