Economy

A 500,000-rial ($13.3) rise in cash subsidy payments for each Iranian will result in a 6.4% increase in consumer price index the following year, pushing up the inflation rate from 11.2% to 17.6%…

Mobile Virtual Network Operator NeginTel, which operates under the brand name ApTel, signed an agreement on Thursday with Tabriz’s Tractor Sazi Football Club to release branded SIM cards called…

Microsoft has released an urgent update to stop hackers from taking control of computers with a single email.

The unusual bug, in Microsoft anti-malware software such as Windows Defender,…

Speaking at the United Nation’s Commission on Science and Technology for Development (CSTD) — a subsidiary body of the Economic and Social Council — Vice President for Science and Technology,…

Iran Tech Mart (locally known as Fan Bazaar) and Pardis Technology Park are set to hold the third round of Iran Startup Demo Day on May 25.

The event which will take place at Milad Hall of…

Iran’s presidential election campaign is in full swing and what was perceived as an easy victory for the incumbent President Hassan Rouhani seeking reelection only a few weeks ago is now appearing…

The Bank of Industry and Mine has managed to add 300 MW of electricity to the country’s power network by financing ten 500 MW power plants and 24 combined heat and power grids so far.

It…

The economy minister in his latest press conference elaborated on the country’s oil income and banking system partly in response to the claims of candidates running for president in the May 19…

Foreign investments in Iran increased by $3.124 billion during the previous fiscal year that ended on March 20, 2017, the director of the Organization for Investment, Economic and Technical…

Steelmakers exported 359,572 tons of semi-finished and finished steel products, including billet, bloom, slab, rebar, beam and coil, in the first month of the current fiscal year ending April 20,…

Tea production is estimated to increase by at least 5% this year, thanks to favorable weather conditions and abundant precipitation, the head of Tea Farmers Union said. “This year’s tea harvest…

First Vice President Es’haq Jahangiri said making improvements in the business environment is a prerequisite to any development, while outlining the prospective government’s economic agenda.

Some 33,000 tons of seafood worth $148 million and 25,000 tons of dates worth $30 million are exported from Bushehr Province every year, an official with Bushehr Agricultural Jihad Organization…

The manufacture of aircraft parts in Iran was among the topics negotiated between Iranian authorities and major planemakers who have secured contracts to supply passenger jets to the Islamic…

Panid Engineering Co., a private domestic firm based in Tehran, has reportedly reached an agreement with US-based Pall Corporation to build a plant for manufacturing filters for the oil industry,…

Esfahan Steel Company is planning to boost the current fiscal year’s (March 2017-18) exports by 40% to about 1 million tons, the company’s chairman, Ahmad Sadeqi, has been quoted as saying by IRNA…

The final feasibility report on bauxite extraction in Guinea-Conakry was approved by Iranian and Guinean officials in Tehran on Tuesday.

Tehran Stock Exchange’s main index added 268.30 points or 0.34% to end Wednesday trade at 80,127.1.

More than 1.72 billion shares valued at $84.73 million changed hands for the day.

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Ancient Persians would have cheered the commissioning by Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev in March of a new railroad connecting their countries.

The…

One of the most popular low-cost ride hailing apps in Iran, Tap30, has offering services in the northeastern shrine city of Mashhad, capital of Khorasan Razavi Province, following a successful…

Smartphone integration in cars -- specifically Android Auto and Apple CarPlay -- is finally past the tipping point of revolutionizing the in-car experience.

Denmark’s Saxo Bank co-founder Lars Seier Christensen agreed to sell his 26% stake in the bank to a subsidiary of Chinese automaker Zhejiang Geely Holding Group.

The investment marks Geely’…

Iran Khodro Industrial Group, Iran's largest automaker, will produce several new models with the help of major local and foreign partners, including Pininfarina, Mahle, Hyundai…

Tehran Stock Exchange’s main index added 114.70 points or 0.14% to end Tuesday trade at 79,858.8. More than 2 billion shares valued at $103.6 million changed hands for the day.

Shirin…

Daryl Oster, CEO of tube transport ET3 Global Alliance said his system has attracted competition in the next generation transportation field from companies like Elon Musk’s Hyperloop system. Oster…