Foxconn, a Taiwan tech-giant, plans to build an $8.8 billion factory in China, state media said on December 31, amid reports its billionaire boss is cooling off on future US investments.
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Economy
Economy
Private Internet service provider Shatel has hit back at the Telecommunications Company of Iran (TCI) after the state firm barred the ISP’s new Voice Over Internet Protocol (VOIP) service from…
Economy
The fourth edition of Iran Web Festival has started accepting applications from exhibitors. Those owning a website, a web-based software or mobile phone application in the country can take part.…
Economy
An Iranian knowledge-based company has manufactured a device for tracking eye movement, a process widely used in medicine, psychology and business.
The company, staffed by young…
Economy
Bank Maskan, the agent bank of the housing sector and the country’s main mortgage lender, announced a whopping year-on-year increase in the value of mortgages in the first three quarters of the…
Economy
The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting between top…
Economy
Noor Credit Institution is planning to increase its capital from the current 3 trillion rials ($7.5 million) to 6 trillion rials ($15 million) and become a bank, said the credit institution’s…
Economy
There is not much buying or selling happening in the UAE’s hot rolled coil market due to the uncertain situation and fluctuating prices. Besides, demand is weak at the end of the year and…
Economy
The steel industry is one of the most strategic sectors of the Iranian economy, as it accounts for the bulk of the mining sector’s exports and revenue and is at the same time vital for the…
Economy
Iran, since the lifting of economic sanctions earlier this year, has become an increasingly attractive market for South Korean heavy industry businesses, especially the construction and…
Economy
In spite of the Iranian government’s policy to halt exports of raw materials, customs statistics show a sharp increase in iron ore exports in the first nine months of the Iranian year (to December…
Economy
A 10-kilometer railroad connecting Iran’s northwestern city of Astara to an Azeri city with the same name will become operational in three months, according to Abbas Nazari, an official with the…
Economy
The revival of Silk Road is a perfect opportunity for the development of Iranian economy, the president of Iran’s Chamber of Commerce, Industries, Mines and Agriculture said.
Economy
The Islamic Revolution Mostazafan Foundation accounts for 1.5% of Iran’s gross domestic product, says the head of the foundation.
Economy
Out of 43 auto importing firms in Iran, only ten have been registered as official representations of the brands they sell. The Ministry of Industries, Mining and Trade had set a deadline demanding…
Economy
Personal auto policy and health insurance accounted for 65% of insurers’ premium income during the eight months to November 20.
Economy
The Central Bank of Iran has announced that it will hand a list of people who traded large amounts of foreign exchange in recent weeks to Iran National Tax Administration for further investigation…
Economy
The end of the current Iranian year in March will bring about an end to currency fluctuations plaguing the market, as increased supply helps moderate the market, predicts the director of the…
Economy
The Malaysian Palm Oil Council will hold Malaysia-Iran Palm Oil Trade Fair and Seminar during February 7-8, 2017, in Tehran. Malaysian Minister of Plantation Industries and Commodities Mah Siew…
Economy
Kyrgyzstan attaches special importance to the development of economic relations with Iran.
Kyrgyz Economy Minister Arzybek Kojoshev made the above statement at the Kyrgyz-Iranian Business…
Economy
About $1.4 billion worth of goods were exported from production units located in Iran’s industrial parks during the nine months to December 21, Deputy Minister of Industries, Mining and Trade Ali…
Economy
Although Iran and Azerbaijan have made considerable efforts for connecting the two countries through railroads, it appears that the mission is unlikely to be completed by 2020.
Tehran…
Economy
Iran exported 1.2 million tons of non-oil goods worth $497.5 million to Pakistan during the eight months to November 20, registering a 30% increase compared with last year’s corresponding period…
Economy
Home appliances market in Iran is worth 200 trillion rials (more than $4.95 billion at market exchange rate). Domestic production accounts for only a quarter of this sum and the rest is dominated…
Economy
At present, 80% of domestic demand for food products are met through domestic production, a deputy agriculture minister said.
"The figure stood at 55% when President Rouhani first took…
Economy
