Economy

China and Iran have enjoyed close-knit relations, since China’s Han Dynasty (207 BC-220 AD) welcomed merchants from Central Asia, India and Persia (Iran) to trade goods in the country, which was…

The international community became fully aware of the seriousness of Iran and China about future cooperation, with the announcement this week of bilateral deals worth $600 million between the…

High-ranking officials from Iranian Diesel Engine Manufacturing Company and Germany's Daimler have reached an agreement on producing three engines in Iran.

As sanctions on the Islamic Republic have been removed by Tokyo, Japanese automotive companies have begun to explore opportunities to tap into the Iranian automotive industry.  Japanese…

Iran meets up to 80% of domestic demand for pesticide, said Chairman of Pesticide and Fertilizer Importers Association Seyyed Mehdi Hosseini Yazdi, Mehr News Agency reported.

Deputy Agricultural Minister Mohammad Ali Tahmasebi said Iran is considering Russia as a potential export market for Iranian apples amid a surplus. Apple production stands at 3.5 million tons this…

With the lifting of the long-lasting global economic sanctions on Tehran, Turkish ready-to-wear retailers are among the first to launch a lucrative stream of foreign investments in Iran.

Iran is the world’s sixth and Asia’s third largest producer of chicken with an annual production of 1.8 million tons, according to Iran Veterinary Organization. Iran’s poultry industry is home to…

South Korean products’ market presence in Iran has fallen over the past few years despite higher export volume, due to China increasing its sales at a faster pace.

According to data…

With Iran rejoining the global economy, Japanese companies are lining up to resume business ties with the oil-rich Middle Eastern market.

The Coordination Council of State-Owned Banks and Iranian Private Banks Association, in an open letter on Saturday, commended President Hassan Rouhani and the nuclear negotiating team for their…

Global insurance firms are courting Tehran for business opportunities following the lifting of the sanctions - and the first test of their intent will come in March when some Iranian companies…

Settling government debt to banks, launching an asset management body to spare the banking system from troubled assets and balance sheets, raising the capital of banks are on the agenda to reform…

The lifting of sanctions will help create the atmosphere for improving the recession-ravaged housing construction market, Farshid Pourhajat, a member of the board of directors of the Builders’…

Tehran Stock Exchange’s main index TEDPIX jumped 779.70 points or 1.16% to settle Sunday trade at 67,740.1.

More than 1.8 billion shares valued at $96.6 million changed hands to post a 35%…

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 57,000 tons of vacuum bottom by Isfahan, Bandar Abbas, Tehran and Tabriz oil refining companies on Sunday.…

Close to 200,000 tons of alumina powder were produced by Iran Alumina Company from March to December 2015, says managing director of the company. Tooraj Zare’ added that the output is expected to…

Dutch firm Barentz International is the first foreign company to actually invest in Iran after the lifting of western sanctions against the Islamic Republic.

Danish pharmaceutical firm Novo Nordisk, the world’s top insulin supplier, expects to be ahead of the pack now that nuclear sanctions are lifted in Iran, thanks to its preemptive investment plan…

Iran’s total production of dates stands at 1 million tons per annum, said the head of the National Association of Iran’s Dates.

Mohsen Rashid-Farrokhi added that 150,000 tons of this amount…

The post-sanctions era presents an ideal opportunity for local search engines to cooperate with major foreign players, including Bing and Yahoo, said the secretary of the Administrative Council…

An Iranian firm has launched a service familiar to international website users, a Whois site.  The new site, which provides detailed website ownership information in Persian, has been…

Britain's banks need to dedicate far greater resources toward securing their IT infrastructure and should have a designated board member overseeing the issue, a senior lawmaker said, following a…

Iranian researchers have produced laboratorial samples of scaffolds made of nanofibers to produce cells from stem cells to cure diseases.

Iran and China have been negotiating a deal to cooperate on Iran's fiber optic and satellite projects, said Iran's minister of communications and information technology.  

According to…