Economy

Iran exports about 7,000 tons of flowers, ornamental plants and herbal medicines annually, supplying close to 1% of the global markets, the deputy agriculture minister for horticultural affairs…

Some 72,000 traditional bread bakeries are operating in Iran, meeting 95% of domestic demand for bread, the head of Tehran Bakers Union said.

“About 80% of the flour used in these…

Iran’s iron ore production currently exceeds domestic demand by about 12 million tons, said the chairman of Iron Ore Producers and Exporters Association, Qadir Qiafeh. The IROPEX forecasts that…

Government tax revenues in the first half of the current Iranian year of 1395 (started March 20, 2016) amounted to 433.1 trillion rials, which is below the legislated amount of 529.1 trillion…

Tehran Stock Exchange’s main index added 6.9 points or 0.01% to end Sunday trade at 78,833.4.

About 862 million shares valued at $34.3 million changed hands for the day.

Sina…

The smartphone continues to change the world a decade after the debut of the iPhone, even as Apple is under pressure to come up with a new wonder.

The iPhone – introduced by late Apple co-…

Scientists in the UK have found a way to create synthetic spider silk that’s loaded with antibiotic properties, which can deliver drugs and close open wounds with a decreased risk of infection.

The recently disrupted Voice over Internet Protocol (VOIP) service of Shatel, the privately-owned Internet Service Provider (ISP) in Iran, has been reconnected.

ShatelTalk, Iran’s…

There are 23 million computer gamers in the country, 75% of whom are in the formative ages of three to 16, said the head of Iran Computer and Video Games Foundation. Iran has a population of 80…

The governor of the Central Bank of Iran said the bank's independence is the byword for the realization of Resistance Economy tenets in the county's monetary policymaking.

"The most…

A credit line of 450 trillion rials ($14 billion at market exchange rate) has been earmarked to complete the controversial Mehr Housing project, announced the head of Majlis Civil Affairs…

The Central Bank of Iran has received $7.2 billion from three foreign banks, namely Exim Bank of China, Italy’s Mediobanca and Denmark’s Danske Bank, a top CBI official announced on Saturday.

The Central Insurance of Iran has finalized assessing insurance firms’ solvency margin ratio for the current fiscal year (started March 20, 2016), according to which 17 out of 26 firms have been…

The industrial sector saw the highest growth of 9.1% during the first six months of the current fiscal year (started March 20, 2016) among other economic sectors of Iran, the Statistical Center of…

Tehran Stock Exchange’s main index shed 163.80 points or 0.21% to end Saturday trade at 78,826.5.

About 989 million shares valued at $33.4 million changed hands for the day.

Saipa…

Iran is in talks with American home appliance makers General Electric and Whirlpool, as well as Italy’s Ariston, to revive bankrupt domestic manufacturers, including Arj, according to an official…

The Fourth International Exhibition of Nuts, Dried Fruits and Related Industries opened at Tehran International Exhibition Center on Friday and will run through Jan. 9.

The event was…

Iran exported $390 million worth of commodities to Oman in the seven months to October 21, 2016, according to the president of Iran-Oman Chamber of Commerce.  “Iran’s exports to the…

About 3.4 trillion rials ($85 million at market exchange rate) have been invested in the ports of Jask, Tiab and Sirik in southern Hormozgan Province as part of the wider project to develop Makran…

Some 300 billion rials ($7.5 million at market exchange rate) worth of contraband, including mini-computers, professional cameras and powerful servers, have been confiscated in Tehran.

…

More than $900 million worth of goods were exported from Kerman Province during the nine months to December 20, registering a 13% increase compared with last year’s corresponding period, according…

This year will be a sad year for Mitsubishi enthusiasts the world over. One of Japan’s most iconic car names, the Mitsubishi Lancer will officially be discontinued in 2017.

Launched…

In a latest overview of the development of Renault’s sub-brand Dacia, Just-Auto, based in the UK, notes that when the Duster finally enters production in Iran, it could be superseded by a new…

After a robust 2016 surprised most forecasters, the growth of Europe’s auto market is expected to slow considerably this year after three consecutive years of strong gains.

The working permit of Afra Motor—a local representative of Volvo in Iran—has been cancelled until further notice.

The Ministry of Industries, Mining and Trade has taken the measure…