Economy

Iran and South Korea will now exchange plant seed varieties and botanical specimens, and joint research into both countries’ native plants will also be implemented, the Korean Culture and…

The First World Conference of Mayors and Councilors is scheduled to be held in Tehran’s Milad Tower on July 20-21. The two-day conference will discuss municipal management, municipal environment,…

Iranian chain stores have a 5% share in the retailing of goods across the country, a deputy minister of industries, mining and trade. “There are close to 1.8 million retail outlets operating…

Iran’s First Small Industries and Machinery Expo was inaugurated in Kabul, the capital of Afghanistan, by deputy minister of industries, mining and trade, Valiolah Afkhamirad, and his Afghan…

Flights between Iran and Turkey have been suspended and border-crossings have been temporarily closed in the wake of a bloody coup attempt in Turkey on Friday night.

The government has purchased more than 7.45 million tons of wheat from local farmers since the beginning of the harvest season in late March, indicating a 23.2% increase compared with last year’s…

More than 16,360 tons of pistachios worth over $137 million were exported during the first quarter of the current Iranian year (started March 20), the Islamic Republic of Iran Customs…

Cadillac is launching two new models and expanding its dealer network in Europe in a renewed sales push in the region against entrenched premium rivals BMW, Mercedes-Benz and Audi. But the General…

First Vice President Es’haq Jahangiri opened a production line of a new generation of automotive batteries in Robat Karim, a city southwest of Tehran. The production line, which is equipped with…

Industries, Mining and Trade Minister Mohammad Reza Nematzadeh is dissatisfied with the speed at which local carmakers Iran Khodro Company and SAIPA are designing new car platforms, a spokesperson…

European car-sales growth slowed in June, as the British vote on exiting the European Union weighed on business and consumer confidence, according to a new joint report.

Registrations in…

Pakistan’s Ministry of Commerce has asked the central bank and private banks to come up with a mechanism that would allow the resumption of banking transactions between Pakistan and Iran.

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Eliminating the army of regulating bodies and recommending a unified regulator for the fintech industry was the main topic at FinTechs and Regulatory panel held at the FINSTARS event on Wednesday…

A senior analyst has taken stock of the achievements of the Iran’s nuclear deal with the six major world powers or Joint Comprehensive Plan of Action one year after the historic accord was signed…

Iran’s Central Bank Chief Valiollah Seif discussed issues of mutual interest with President of the Deutsche Bank Jens Weidmann on Wednesday. The two officials discussed ways to enhance banking…

Iran exported 256 tons of goods worth 308.71 billion rials ($8.81 million at market exchange rate) to the United States during the first quarter of the current Iranian year (March 20-June 20, 2016…

South Korea’s National Agricultural Cooperative Federation has signed a series of agreements in the form of memorandum of understanding with partners from its major importing countries, including…

According to a report by the Housing Foundation of the Islamic Revolution–a body tasked with making provisions for the less well-off–out of Iran’s 53,000 villages, close to 15,000 are home to less…

The Sixth Amusement and Attractions Industry, Parks and Playgrounds Exhibition–AMTECH, for short–is scheduled to be held in Tehran, Iran, on February 16-19, 2017.

With the opening of Iran’s first hydrogen peroxide production unit in Tabriz, capital of East Azarbaijan Province, on Friday, the country will turn from an importer to an exporter of the product,…

Governors general of Italy’s Marche, Luca Ceriscioli, and Iran’s Mazandaran Province, Rabi’ Fallah, signed agreements in the form of a memorandum of understanding to further cooperation in the…

Tehran and Rome have signed a document, which stipulates Italy constructing two high-speed railroads in the Islamic Republic.

The agreement was signed during a meeting between Iranian…

A titanium project is scheduled to become operational in the second half of the current Iranian year (starting Sept. 22, 2016), the head of Iranian Mines and Mining Industries Development and…

In recent months, Oman announced the launch of a direct shipping route between its port of Sohar, 220 km north of Muscat, and the Iranian port of Shahid Rajaie near Bandar Abbas on the shores of…

Mehdiabad Lead, Zinc and Barite Mining Complex produced 283,868 tons of barite during the first three months of the current Iranian year (started March 20), which indicates a 74% rise compared…