Economy

Bank Sepah’s CEO Wednesday said the bank’s biggest debtor has been detained by the police after nine years on the run. Mohammad Kazem Choghazardi said the suspect owed the bank 1.5 trillion rials…

The Second Iran Mines and Mining Industries Summit, otherwise known as IMIS 2016, will be held in Tehran on December 10-11.

The Third Iran Steel Export Perspectives Conference is scheduled to be held on September 7 in Dubai, the UAE.

The conference has been hosted by the Ukraine-based steel market analysis firm…

Over the first three months of 2016, Iran produced 3.7 million tons of direct-reduced iron, outpacing India, with 3.6 million tons, which was formerly holding the leading position in the world,…

Russian President Vladimir Putin said transactions with Iran during the first five months of 2016 grew by 70% to reach $855 million.

Circulating warning messages on social media against the import of red bananas infected with HIV virus are baseless and unscientific, the head of Agricultural Products Exporters’ Association said…

The South Korean government sent a group of delegates to Iran on Thursday to support local environmental enterprises in making inroads into the largely untapped market.

Iran-Turkey trade registered an 11.78% decline in the first half of 2016 and reached $4.78 billion compared with last year’s corresponding period, IRNA reported citing Turkish Statistical…

Ninety-two percent of Iran’s villagers have access to asphalted roads, according to the Ministry of Roads and Urban Development. At present, 105,000 kilometers of rural roads have been paved with…

The Iranian apparel market is worth $11.5 billion per annum, with imports accounting for $2.5-3 billion of the sum, according to former director of the Association of Iran Textile Industries.

All startup companies will enjoy tax relief as of next year (March 2017-18), said Naser-Ali Sa’adat, the head of Iranian ICT Guild Organization.

According to Asghar Nourollah-Zadeh, the…

As the US Treasury Department decides whether to license sales of Boeing and Airbus commercial aircraft to Iran, opponents of last year’s nuclear pact with the Islamic Republic have launched a…

Samsung officially launched the Galaxy Note 7 recently, the latest in its line of stylus-equipped flagship smartphones.

Note 7 blends many of the features from last year’s Note 5 with the…

The Exhibition of Electronics, Computer and E-Commerce concluded on Friday in the northwestern province of Zanjan. According to the director of Information and Communications Technology Guilds,…

Iranian startups can attend the Second Iran Smart City Summit free of charge. Startups willing to participate have until August 12 to register, local tech website ICTNA reported.  The summit…

The growth rate of knowledge-based companies in Iran tripled last year compared with the previous year, said the vice president for science and technology.

Speaking at a conference held to…

The Ministry of Communications and Information Technology and the Telecommunications Company of Iran will host a conference named “Iran Connect” on September 6 and 7 to unite the entire…

A team of scientists at Kashan University have developed a flame retardant technology.

By utilizing nanotechnology, Professor Masoud Salavati and his team have developed a novel way to make…

The deputy for supervisory affairs at the Central Bank of Iran emphasized the importance of two laws pertaining to money laundering and financing of terrorism, urging regulatory bodies to do their…

South Korea is in the final stages of preparation to trade with Iran in the euro, which it aims to do “as soon as possible,” its finance minister said on Wednesday.

The Central Bank of Iran, Ministry of Economic Affairs and Finance, and Iran Audit Organization Tuesday agreed on the new framework for banks’ financial statements and their audit by regulatory…

The recent ruling by the Central Bank of Iran allowing banks to engage in foreign exchange trade in the open market has provoked the ire of bureaux de change operators who claim banks will have an…

The minster of roads and urban development said home prices remain flat and are no longer rising with inflation. “During the past three years and when this government took office, home prices did…

Post Bank of Iran and Iran Telecommunication Company Wednesday agreed to expand collaboration. According to PBI’s website, Post Bank will start offering banking services through ITC offices in…

Iran’s annual red meat production amounts to 820,000 tons while consumption is about 880,000 tons, yet some 100,000 tons of frozen red meat are imported, which is 40,000 tons in excess of domestic…