Economy

Korean Expo 2016, a three-day exhibition for South Korean products, was held at Tehran International Fair last week.

Organized by the Korea Trade-Investment Promotion Agency (KOTRA), the…

While the lifting of sanctions gave rise to many potential benefits for Iran’s economy, the country’s leaders face new fiscal challenges.

An article recently published in UK news website…

The average goods and services Consumer Price Index for rural areas in the 12-month period ending May 20, which marks the end of the Iranian month of Ordibehesht, reached 9.4% compared with last…

Representatives of 45 Japanese companies participated in the Second Seminar on Potential and Future of Iran’s Automobile Industries and Auto Parts held in the Iranian Embassy in Tokyo last week,…

The government’s plan to print tracking codes on cigarette packs will be implemented in the next three months, the head of Tobacco Planning and Supervision Center said. “The implementation of the…

Iranians developed 70,000 mobile applications in the last year and a half, calling for teaching programming languages in Iran’s universities.

A Turkish company selling its equipment around the Middle East is looking to sell its face and car recognition technology to Iran's police force.Ekin Patrol, which has been available in Europe for…

Iran and Turkey have held their first-ever meeting on scientific and technological cooperation in the Turkish capital Ankara.

The session was attended by Iran's Minister of Science,…

Headed by President Hassan Rouhani, Iran's High Council of Cyberspace ruled that popular online messaging networks have a year to move their servers to Iran.

Foreign messaging applications…

A number of second and third tier Italian banks have resumed business with Iranian lenders, Ahmad Pourfallah, Chairman of Joint Iran-Italy Chamber of Commerce said Saturday.

Iran Insurance Company Saturday signed a contract with the National Olympic Committee of Iran to provide coverage for 181 Iranian athletes participating in 2016 Summer Olympics in Rio. According…

An official at the Central Bank of Iran says it has no plans to tax bank account deposits, noting that bank deposits are not legally taxable.

Deputy governor of the Central Bank of Iran for foreign exchange affairs says that even though currency swap agreements have been reached between Iran and some countries, the deals have yet to be…

 total of 15,431 homes were sold in Tehran during the month that ended on May 20, which was a y/y increase of 8.2%. It is seen as a sign that the property market is slowly but steadily…

Non-stick cookware has turned into a favorite with consumers for it has made cooking much easier than it used to be.

The International Festival of Leaders in Packaging Industry is scheduled to open on May 30, which is to be followed by a four-day specialized exhibition in the field.

“In recent years,…

Economic activity rests on the legal framework.

As economic recovery is the prime subject of Iran’s politics and policy, the government recently introduced a stimulus package for boosting…

Small steelmakers risk going out of business unless import tariffs are raised, says Rasoul Khalifeh-Soltan, the chairman of Steel Producers Association. “Considering the global recession in the…

TEDPIX, Tehran Stock Exchange’s all-share index, shed 162.40 points or 0.21% to end Saturday trade at 76,690.6. Auto manufacturing, copper and steel companies weighed most on the benchmark.

Strawberry production stood at 56,000 tons in the last Iranian year (March 2015-16), with Kurdestan Province accounting for 40,000 tons of the figure, says Reza Rouyintan, an official with…

Iran has signed a memorandum of understanding with the UK for transfer of technology in the rail industry. CEO of Islamic Republic of Iran Railways and deputy minister of roads and urban…

According to Arvand Free Zone Organization, more than $1.4 billion worth of non-oil goods were exported from the region in the last Iranian year (March 2015-16). As reported by IRNA, Iraq…

Iran’s egg exports have stopped since early May because Iranian producers cannot compete with their Turkish counterparts in the international markets, said the head of Tehran’s Union of Producers…

Iran’s non-oil foreign trade in the first two months of the current Iranian year (March 20-May 20, 2016) reached $12.35 billion. According to the Islamic Republic of Iran Customs Administration…

The discrepancy between an employee’s education and occupation blights the Iranian market and the main reason behind people’s dissatisfaction with their jobs which, in turn, gives rise to…