Economy

Over 16.4 million tons of crude steel were produced by Iranian steel mills in the 11 months of 2016, registering an 11% growth year-on-year, according to a preliminary report exclusively sent by…

Since Mobarakeh Steel Company was founded in the early 90s, it has produced 90 million tons of steel products, 82% of which have been supplied to the domestic market, according to the company’s…

Despite Ireland having access to the Iranian beef market since 2013, Irish Minister for Agriculture Michael Creed has said that no beef exports have taken place due to current unfavorable trading…

The International Migrants Day was marked on Sunday. Migration Policy Institute once called Iran a unique country since it has experienced simultaneous emigration and immigration to extreme…

SoftBank Group Corp has agreed to invest $1 billion in US satellite venture OneWeb Ltd, marking the first tranche of a $50 billion US investment the Japanese telecoms and technology company’s…

The world’s largest digital survey of the visible Universe, mapping billions of stars and galaxies, has been publicly released to the general public.

Italy and Iran have agreed to cooperate in the field of biotechnology research, Mehr News Agency reported on Monday. The agreement follows a meeting in Tehran on 'Technological Innovation…

Internet bandwidth in Iran is set to increase from four to 100 terabytes per second in the next five years, said the deputy minister of communications and information, Barat Qanbari, at a recent…

Iranian government has proposed the allocation of 4.7 trillion rials ($145.8 million) for upgrading informal settlements on the outskirts of urban areas in the annual budget for 2017-18, said…

Iran’s economy is looking ahead to 2017 with both big prospects and hefty challenges in store.

The Central Bank of Iran is planning to launch a new regulatory body specifically for fintech firms, a CBI official announced on Sunday.

Lawmakers on Monday approved a proposal that allows for attracting an average of $30 billion in foreign direct investment annually.

The proposal aims to lift Iran’s GDP growth to an annual…

Iranian steelmakers are missing out on one of the most accessible and lucrative steel markets in the region: the $5 billion market in Iraq.

Iraq has been rebuilding its infrastructure ever…

Tehran Stock Exchange’s main index lost 295.90 points or 0.37% to end Monday trade at 80,413.1.

More than 800 million shares valued at $38.5 million changed hands for the day.

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Close to 260 development projects with a budget allocation of 163 trillion rials (about $4.14 billion at market exchange rate) are currently under construction, the deputy minister of roads and…

Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is expected to be delivered in mid-January, Iran's deputy roads and urban development minister, Asghar…

Iran accounts for 29% of global exports of hand-woven carpets, the head of Iran Hand-Woven Carpet Producers’ Cooperatives Union, Abdollah Bahrami, said. The country exported about $167 million…

Around 40,000 tons of eggs and 44,000 tons of chicken were exported from Iran over the eight months to November 21, 2016, an official with the Ministry of Agriculture said.

The exports were…

Today, the prosperity of a country’s economy has more to do with the commodities that are exported than the goods produced and consumed locally.

Iran exported some 6,000 tons of non-oil goods worth $17.7 million to France during the eight months to November 20, registering a 54% rise in value compared with last year’s corresponding period…

The 23rd International Exhibition of Printing, Packing and Related Machinery is scheduled to be held in Tehran’s International Exhibition Center on December 25-28.

Iran was elected deputy head of the Council of Asia-Pacific Furniture Association (CAFA) for two years during the 20th annual forum of the council held in Tehran on December 14.

Renault imported 93,798 fully built and CKD units to Iran during the first 11 months of 2016, Tasnim News Agency reported on December 18. The imports indicate a 146% year-on-year increase on…

Turkey's Otokar Otomotiv ve Savunma Sanayi A., otherwise known as Otokar, has signed a deal with Iran's Oghab Afshan Industrial and Manufacturing Company for the sale of its Navigo buses in…

The inauguration ceremony of Iran Khodro Company’s first showroom in the Armenian capital, Yerevan, was held December 18, IKCO said in a press release.

The Dena, Runna, Soren and Arisun…