Economy

Engineers at a knowledge-based company affiliated to Sharif University of Technology, has been able to build a firefighting drone that relies on indigenous technology.

A Swedish academic delegation visited the University of Tehran on Saturday aiming to expand scientific and educational cooperation.

The delegation met with Tehran University officials to…

Mike Zimmerman likes to shock his guests by using a hammer to drive a nail through a solid polymer lithium metal battery. Nothing happens — and that’s a good thing.

Zimmerman’s battery is a…

Students at Sharif University of Technology ranked first in the 18th round of Tehran ACM ICPC 2016, a five-hour programming competition.

The student teams competed to solve 12 programming…

Lawmakers have obligated the Central Insurance of Iran, the industry’s regulator, to take measures for increasing the insurance penetration rate to 7% by the end of the sixth five-year development…

The Central Bank of Iran, in a statement on Saturday, informed businesses to approach the banking system for purchasing foreign exchange.  

“Back in July, the banking system was…

The Central Bank of Iran has issued formal warnings to 10 banks for violating interest rates set by the Money and Credit Council, the bank’s deputy for supervisory affairs announced.

The full list of officials comprising the Money and Credit Council–a decision-making body–was announced on Saturday. During the latest session of the Iranian Parliament, which reviewed the details…

Iran's sovereign state fund is ready to bankroll projects involving the export of goods and techno-engineering services to Latin American countries, announced the fund's director.

The Central Securities Depository of Iran issued 23 codes for foreigners to trade in Iran’s equity market during the Iranian month ending December 20, bringing the total number of foreign traders…

Ever since the government turned its focus to borrowing through Iran’s debt markets two years ago, their volume has surged.

The government, municipalities and state companies are now the…

Buying activity in the Iranian flat steel import market has been sluggish over the past week, as imports were too expensive compared with local products.

Metal Bulletin’s price assessment…

Iran keeps ramping up the production of direct-reduced iron, refusing to yield the palm to India, which follows Iran in the list of top producers.

The trend is likely to continue in 2017,…

Tehran Stock Exchange’s main index shed 88.80 points or 0.11% to end Saturday trade at 80,161.2.

More than 793 million shares valued at $43 million changed hands for the day.

Abadan…

More than 163 tons of dairy cattle worth close to 28 billion rials (over $700.5 million at market exchange rate) were exported during the seven months to October 21, according to figures released…

The government will allocate 5 trillion rials ($125 million at market exchange rate) for an under-construction railroad connecting Chabahar Port to the city of Zahedan, both in Sistan-Baluchestan…

A conference dubbed Iranian Aviation Confex 2017 (IAC 2017) has been scheduled for April 17-18, 2017, in Tehran.

The event is themed “Transforming the Post-Sanctions Iranian Aviation…

Over 11,400 tons of cement were exported to Pakistan during the eight months to November 20, registering an over 100% growth, according to managing director of South East Railway Company.

Exporters will have one month to pay the value added tax from their sales, the head of Iranian Exporters Confederation, Mohammad Lahouti, said on Saturday.

Between 800 and 1,000 kilometers of highways have been constructed across the country every year since March 2013-14 when President Hassan Rouhani took office, according to Abdolhashem Hassan-Nia…

Iran exported 5.7 million tons of non-oil goods worth $1.9 billion to India during the eight months to November 20, registering a 6% increase in value over last year’s corresponding period. The…

Following rumors that an unidentified South Korean company fined by the Islamic Republic of Iran Customs Administration for evading import tariffs could be Samsung, IRICA has clarified that this…

Modiran Vehicle Manufacturing Company (MVM), the official representative of the Chinese brand Chery in Iran, has unveiled a face-lifted version of Tiggo5 in Tehran. According to a company…

Automotive sales data shows that in the first eight months of the current fiscal year (started in March) SAIPA’s Pride and Iran Khodro Company’s Peugeot 405 held the sales record.

According…

A federal judge said on Thursday that Volkswagen AG has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a…