Economy

Cooperatives account for 16.5% of Iran’s industrial units as well as 6.6% of all the jobs created in the industrial sector.

At present, close to 17,200 cooperatives are active in different…

A 30-member delegation from Iran, headed by Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari, attended a joint business forum in Prague, Czech Republic, on…

Exports by Iran’s small- and medium-sized enterprises during the nine months to December 20 amounted to $1.6 billion, according to the deputy head of Iran’s Small Industries and Industrial Parks…

Mobile calling app Viber is the latest tech company to offer help to those affected by President Donald Trump’s immigration and travel restrictions. 

The managing director of Iran’s largest mobile operator, Mobile Communications of Iran (MCI or Hamra-e-Avval), Mahdi Sadoghi, says Iran has 0.15% share of global mobile data usage but he ranking…

The University of Tehran is set to hold a three-day ‘startup weekend’ titled Entrepreneurship in Information Technology from February 1-3. According to the official website of the event, it will…

Mobinnet data center and TD-LTE Internet network was inaugurated in Tehran on January 29. 

Mobinnet is a semiprivate Iranian Internet service provider which also offers WiMAX broadband…

Sales and marketing departments of insurance companies have been unusually busy in recent days, as more people are referring to insurers to insure their properties against fire.

More than a year into the implementation of Iran’s nuclear accord and the lifting of international sanctions, the country is looking to expand its business ties with Italy after a number of…

The rial was quoted at 38,210 to the US dollar on Monday, gaining 0.79% against the greenback compared with Sunday’s close, according to Tehran Gold and Jewelry Union’s website. The average…

As part of a new presidential directive approved by the Cabinet, the Planning and Budget Organization of Iran has been permitted to clear a portion of the government's debts to the banking system…

The governor of the Central Bank of Iran has sent a letter to CEOs of all state-owned and private banks, notifying them of new regulations concerning foreign travel ban on bank debtors.

Sungun Copper Mine exported over $317 million worth of copper products during the nine months to December 21, accounting for about 19% of East Azarbaijan Province’s non-oil exports during the…

Of the 160-170 iron ore mines in Iran, only 20 are currently operational, a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture said. This indicates an 80% decline in the…

The bill approved by lawmakers making women eligible for receiving pension after 20 years of work, regardless of age, will impose expenses close to 50 trillion rials (approximately $1.3 billion)…

About 1,120 tons of farmed shrimp have been produced in Iran’s northern Golestan Province since the beginning of the current Iranian year (March 20, 2016), more than 580 tons of which have been…

More than 23.8 trillion rials ($624 million) worth of local and foreign investments have been made in Anzali Free Trade and Industrial Zone in northern Iran during the 10 months to January 19, the…

Trade Promotion Organization of Iran introduced top Iranian brands for the current Iranian year (ending March 20, 2017) in a ceremony on Sunday.

Eighteen brands were chosen from among 280…

About $200 million worth of agricultural and dairy products are exported from Isfahan Province in central Iran every year, the deputy head of Isfahan Agricultural Jihad Organization said.

Governments must honor their contracts, even those made under previous administrations, says Iranian professor of economics at Virginia Tech, Djavad Salehi-Isfahani. 

Toyota has relinquished the title of the world’s biggest automaker, reporting that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million.

General Motors…

Volkswagen is developing a fresh design language for a new generation of purpose-built electric vehicles.

Klaus Bischoff, VW brand’s head of design, said battery packs make it possible to…

Industry Minister Mohmmad Reza Nematzadeh says vehicles will be produced with Euro 5 emissions standards from April. 

Nematzadeh told a conference that industries that fail to keep…

The share of Iran's automotive sector in overall gross domestic product is expected to reach at least 4% by 2025. 

This is forecast as part of the goals and policies for developing the…

Iran’s National Tax Administration has issued a directive based on which legal entities and individuals can receive higher amounts of bank credits without having to first clear their tax debts.…