Economy

Iran has started importing red meat from Kyrgyzstan with the first shipment of 32 tons having arrived in Alborz Province, IRNA reported on Sunday. According to Iran Veterinary Organization, the…

Wheat production since the beginning of the harvest season in late March stands at a record high of 14 million tons, IRNA quoted CEO of Agricultural Support Services Co., Yazdan Seif as saying.…

Iran exported 50,800 tons of non-oil goods worth $14.8 million to Malaysia during the first four months of the current Iranian year (March 20-July 21), which indicates a 10% decline in value over…

President’s Chief Advisor and Secretary of the High Council of Free Zones Akbar Torkan has named Abdolrahim Kordi as new managing director of Chabahar Free Trade Zone Organization. Kordi, 38, is…

It is highly likely that a single candidate will run in the upcoming election for the next president of Iran Chamber of Commerce, Industries, Mines and Agriculture, says the head of Iran Export…

The Head of the Pesticide and Fertilizer Importers Association has called on the government to cut tariffs on imports of pesticides, which currently stand at a whopping 46%, Mehr News Agency…

The Majlis on Sunday passed a law requiring companies to publish their financial statements. Corporations failing to abide by the law will have the bank accounts of their executives blocked.

Bank Keshavarzi (specializing in financing the agrol sector) has lowered the rate of its loans from 18% to 15%, announced the bank’s CEO on Sunday.

“The cost of the loans for our bank is…

Amendment to the Budget Law of 2016-17 was originally drafted in order to generate cash needed to repay government debt to insurance companies, said the minister of health on Sunday.

Tehran Stock Exchange’s main index plunged 444 points or 0.57% to end Sunday trade at 77,313.6.

More than 1 billion shares valued at $67.4 million changed hands for the day.

Zagros…

Omani and Iranian businesses say trade and investments between the two countries will improve subject to efficient and responsive shipping.

Invex 2016 is scheduled for October 31-November 12 on Kish Island, according to the event’s organizer Aria Hamidian.

The event consists of two separate expos, namely the third EBEX and the…

Parsian Lotus Investment Bank is launching its first venture capital fund in September, boursepress reported.

The fund called Rouyesh Lotus will focus investments in health and…

Iran’s steel industry is moving towards becoming a major global player. Unshackled from years of economic sanctions, Iran is looking to expand its steelmaking capacity over the next decade. The…

Germans are the top foreign investors in Iran's securities market, according to a top Securities and Exchange Organization official.

Investments from Germany make up half the total…

The Iranian Privatization Organization sold over 1.69 trillion rials in stocks from government owned companies during the first five months of the current Iranian year (March 20-August 21). Over…

Iran’s National Information Network (NIN) was officially launched on Sunday.  

The first phase of the network, established by the Ministry of Communication and Information Technology,…

For the first time this winter, Iran will be hosting the International Humanoid Robotics Olympics.

Tehran’s Amir Kabir University of Technology (AUT) will host the event scheduled for…

Iran and Bolivia signed a memorandum of understanding on space cooperation in Bolivia’s Santa Cruz de la Sierra, on Friday.

Iranian researchers from The University of Mohaghegh Ardabili, Ardebil Province, have used nanotechnology to produce plastics with high biodegradability.  The new nanotech could be an…

Iran and South Africa will undertake technological exchange.

Deputy Minister for Research and Technology Vahid Ahmadi pointed to the joint technological center established by Iran and…

Russia’s Telecoms Minister Nikolai Nikiforov said his country’s space agency Roscosmos and Iranian space organizations are to increase cooperation in the field of aerospace technology.

One really wonders how to describe a country going through a currency devaluation and high inflation. You lose all notion of value. It is really hard to grasp 30% inflation and its effects from a…

Domestic rice production is estimated to exceed 2.1 million tons in the current fiscal year that ends in March 2017, indicating 8% increase compared to last year, according to deputy minister of…

Iran's Vice President for Science and Technology, Sorena Sattari, says 98% of domestic demand for medicine is produced inside the country, adding that Iran will soon export pharmaceuticals to…