Economy

Iran will open in Belgrade an economic and trade center for the Balkans and Southeast Europe in the next two months, a Serbian Trade Ministry official said after a meeting with Iran’s ambassador…

Tehran Stock Exchange’s main index gained 117.50 points or 0.15% to end Wednesday trade at 78,081.5.

More than 1.1 billion shares valued at $69 million changed hands for the day.

…

SAIPA, Iran’s second largest auto manufacturer, has produced 50,000 units in the last Iranian month (ended August 22) and broke its earlier record.

This marks a 53% rise compared with the…

Tesla Motors Inc crowned itself the maker of the world’s fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-60 miles per hour in just 2…

One of the least enjoyable parts of buying a car is trekking to a dealership and spending hours behind the wheel with a pushy salesperson.

Amazon, in partnership with Hyundai, is looking to…

Arak is set to host the seventh international automobile and car parts exhibition in September.  The exhibition will be organized by the Industrial Development and Renovation Organization.

On August 23, 1991—25 years ago—the public gained access for the first time to the World Wide Web, designed and deployed by computer scientist Tim Berners-Lee at CERN in Switzerland.

It…

Banks have increased their lending and their financing has revived 7,000 industrial units that had gone out of business due the recession, announced the minister of economy on Tuesday.

Pakistan is intent on increasing its trade volume and business cooperation with Iran and to do this, the two countries should work together to remove trade barriers, said the chief executive of…

Chief executive of EN Bank denied that deposits have exited the banking system as a result of recent cuts in interest rate. CEOs of some major private lenders have reportedly protested against the…

Lawmakers on Tuesday passed the amendments to 2016-17 annual budget law, allowing the government to settle its debts to the banking sector by using the Central Bank of Iran’s foreign exchange…

Date production in southeastern Kerman Province is estimated to reach 200,000 tons by the end of the current fiscal year that ends in March 2017, according to the head of the province’s…

A 12-member commercial delegation from Pakistan is expected to arrive in Mashhad next Wednesday, IRNA reported. The visitors will call on representatives of the Iranian private sector in the…

Iran exported 2.9 million tons of non-oil goods worth $1.5 billion to South Korea during the first four months of the current Iranian year (March 20-July 21) – up from $25 million recorded during…

The Statistical Center of Iran recently reported that Iran’s gross domestic product expanded by 4.4% during the first quarter of the current Iranian fiscal year that started in March, compared to…

Iran’s second specialized exhibition in Azerbaijan dubbed “Iran Project” will be held in Baku September 19-21, with the aim of identifying opportunities and boosting exports to the northwestern…

After two years of research, Iran’s first boehmite production line will be launched in Azarshahr County in East Azarbajan Province today, Iranian Mines and Mining Industries Development and…

Qazvin Steel Company’s CRC (cold rolled coil) plant was inaugurated by First Vice President Es’haq Jahangiri, and, Minister of Industries, Mining and Trade Mohammadreza Nematzadeh on Tuesday, IRNA…

How has the Rouhani administration fared in the past three years? With presidential elections looming next year, commentators are evaluating the Rouhani administration.

Pen production in Iran dates back to 1963 when the first factory opened. Soon after other production units producing pens and other writing instruments and stationery were established, which…

Despite a rise in import duties on steel products in Iran, Chinese suppliers maintain their position in this market, especially in the segment for flat products, even posting somewhat better…

Tehran Stock Exchange’s main index shed 122.10 points or 0.16% to end Tuesday trade at 77,964.

More than 880 million shares valued at $51.4 million changed hands for the day.

Etebar…

Minister of Communications and Information Technology Mahmoud Vaezi expounded on the performance and plans of Iran’s communication network.

In a press conference held for introducing Iran’s…

NASA scientists are putting the finishing touches on a spacecraft designed to rendezvous with Asteroid Bennu in 2018 to find clues about the origin of life.

Foreign investors have shown interest in Iran’s mobile telecommunications network, said the financial director of Mobile Telecommunications Company of Iran (MCI). “Representatives of several…