Economy

The share of Iran’s joint research papers with foreign scientists in 2016 shows a 5% increase compared to the previous fiscal year, said Minister of Science and Technology Mohammad Farhadi, at a…

Dubai has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July.

The test of…

During the last four years, Iran’s fiber optic network has grown 19% with access to high-speed Internet increasing 565%, ISNA reported.  In addition, the number of villages with Internet…

More than 3,000 Telegram channels with over 5,000 members have registered their details with the Ministry of Culture following an announcement by the government in January.  

An…

The launch of Iran’s National Information Network (NIN) has barely reduced Internet prices for end users, says the chairman of the board of directors at Shatel, Iran’s largest private internet…

Iranian banks are now able to employ all anti-money laundering (AML) measures and the framework for combating the financing of terrorism (CFT), according to the deputy governor for foreign…

In order to optimize the opportunities created by the removal of sanctions following Iran’s nuclear deal and to ease banking services to foreign investors, the Central Bank of Iran has…

All banks will now be able to access audit reports online, the director general of Iranian Association of Certified Public Accountants announced.

“Filing of requests by the banking system…

The ban on online currency trade by exchange shops will be eased and the Money and Credit Council is in charge of following up the matter, the Central Bank of Iran’s head of IT and Communication…

The Central Bank of Iran has not forced banks to stop lending, but banks can only lend if they have enough credit since the CBI strictly opposes overdrafts from its resources, CBI’s credit manager…

Iranian zinc smelting plants use only 150,000 tons of their 450,000-ton production capacity, the head of Iran Lead and Zinc Exporters Association said.

Iran Mercantile Exchange started listing saffron for trading using commodity-linked certificates of deposit in Khorasan Razavi Province on Sunday.

The first saffron trade transaction took…

There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government. 

And the private sector, touted as the voice of free market…

Some 160,000 tons of sweet almond valued at close to $1 billion are produced in Iran every year, of which 4,000 to 5,000 tons worth $25 million are exported to 26 countries, including Turkey,…

The Russian planemaker Sukhoi Civil Aircraft Company is trying to obtain a license from the US Treasury Department’s Office of Foreign Assets Control to sell its Super Jet 100 aircraft to Iran,…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Iraqi capital on Monday to open the third exclusive exhibition of Iran in Baghdad International Fairground.

An economic delegation from South Korea is scheduled to arrive in Tehran on February 22, Iran Chamber of Commerce, Industries, Mines and Agriculture has announced on its news website.

Iran and Sweden signed a memorandum of understanding to boost road transportation in Tehran on Sunday.

Based on the MoU, the two sides have agreed to increase the number of transit trucks…

Around 1,000 workers have found employment overseas since the beginning of the current Iranian year (March 2016), according to Mohammad Akbarnia with the Ministry of Cooperatives, Labor and Social…

Hyundai Motor Group has hired a former General Motors (GM) researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating…

Iran’s second largest automaker, SAIPA, along with its subsidiaries, namely Pars Khodro and part manufacturing divisions, is participating in the Baghdad International Automotive and Spare Parts…

Chief executives of PSA Group’s Citroen and SAIPA held a joint press conference at the weekend during which the French director said that Citroen is aiming to claim a 30% share of Iran’s auto…

A major leap has been reported in the consumption of automotive glass in the first nine months of the fiscal year (March-December 2016) due to the 39% increase auto production compared to the…

Around 31,200 tons of dried tea leaves were produced in Iran during the current Iranian year (started March 20, 2016), registering a 60% rise compared with last year, according to the head of Iran…

The fourth edition of Iran Automotive Industry International Conference opened Sunday morning in Tehran’s Milad Tower Conference Hall. 

The two-day event brought together major auto…