Economy

Iran took a step closer to energy-hungry Asian nations India and Afghanistan, as it looks to recover from a decade of sanctions.

The Persian Gulf nation signed a three-nation agreement on…

The goods and services Consumer Price Index for urban areas in the 12 months ending May 20, which marks the end of the Iranian month of Ordibehesht, increased 10.4% compared with last year’s…

Tehran Stock Exchange’s main index TEDPIX gained 78.90 points or 0.10% to end Tuesday trade at 76,692.8.

Gains by investment and shipping companies as well as industrial holdings provided…

Companies contemplating the Iranian market following the lifting of sanctions are being warned to make sure that they deal with a logistics company that has practical experience in the country.

During the first call by its new general cargo service, representatives of state shipping company IRISL–Islamic Republic of Iran Shipping Lines–joined staff of the Peter W. Lampke shipping…

Russia’s Kamaz Company plans to export 100,000 trucks to Iran by the yearend, said the company’s head of foreign trade, Rafail Gafeev, on Tuesday. He added that Kamaz also plans to set up a truck…

Iran has laid out a path for developing its steel industry, as the country seeks to become the world’s sixth largest steel producer.

As per the objectives enshrined in the 20-Year National…

A solar-powered airplane's planned flight from Ohio to Pennsylvania has been postponed. The Swiss-made Solar Impulse 2 is on an around-the-world journey. It was scheduled to fly from Dayton to the…

Sales of smartphones around the world in the first quarter rose 3.9% year-on-year to 349 million, according to US-based research firm Gartner.

Since the beginning of this year, at least six corporate venture funds have been launched or started operations in Russia.

The mining, oil and gas sectors account for 29% of Iran’s GDP, says Amir Sabbagh, an official with the Iranian Mines and Mining Industries Development and Renovation Organization.

Seoul-based home electronics company Dongbu Daewoo Electronics said on Monday it would exclusively provide home appliances to Iran’s largest electronics firm, Entekhab.

Companies are working on running more projects and plans, as Iran emerges from recession and a decade of sanctions. What they lack most, however, is money.

The garment industry has gone through drastic ups and downs in the past couple of years and is now struggling to keep the sizable market of men’s shirt production up and running.

Tehran Stock Exchange’s main index gained 165.60 points or 0.22% to close Monday trade at 76,613.9. Large-cap auto companies, banks and oil refineries were the main driving force behind TEDPIX’s…

Allameh Tabatabaei University agreed on Monday to help enhance Tejarat Bank’s compatibility with international banking norms, including risk management, corporate sovereignty and anti-money…

As the rules of the Central Bank of Iran prohibit lenders from offering high deposit rates to lure more savings, some banks have come up with alternative methods to get ahead in the race to…

The head of the Iranian National Tax Administration said Monday henceforth vacant homes would be taxed and the new rules would apply from the fiscal year that started in March.  

Respondents to a recent survey by donyayetablighat.com, a website specializing in ad industry news, have said that Tourism Bank’s ad campaigns have had the most effect on them among the ads run by…

Shaparak, the domestic payment and settlement network, handled 831 million transactions during the first month the fiscal year that ended in March with a total value of 786.3 trillion rials…

The Eurasian Economic Union has eliminated customs duties for a number of Iranian agricultural products, Iran’s Embassy in Russia announced.

Iranian traders will not be allowed to use preferential exchange rates for importing butter and frozen chicken, as per a new regulation passed by the Trade Promotion Organization of Iran,…

More than 350 tons of saffron were produced in the last Iranian year (March 2015-16), which was 25% more than the year before, Deputy Agriculture Minister Mitra Majdzadeh said. “The area under…

Halal production is a lucrative business and its growing global demand requires Iran and other Muslim countries to seriously pursue the trading of halal products.

It is estimated that in…

Mass production of Lifan 820 began at Kerman Motors Company and sales started on May 21 at all official showrooms, the company's head of customer support said.  As announced earlier, Lifan…