Economy

The five-year ban on import of olives aimed at supporting local farmers will remain in place as production is expected to reach 120,000 tons by the yearend (March 2017), 20,000 tons more than last…

More than $60 million worth of tilapia fish was imported into the country in the past Iranian year that ended in March, according to the director of Iran’s Union of Seafood Reproduction,…

An estimated 512,000 tons of agricultural products and food worth more than $1 billion were exported during the first quarter of the Iranian fiscal year that started in March -- an 11% increase in…

A hoped-for export bonanza has failed to materialize a year after a deal to lift sanctions against Iran over its nuclear program, a German industry association told AFP.

“Despite increased…

Russia, Iran and Azerbaijan agreed to strengthen transport connections, including a potential railway that would aim to grab a share of the cargo now being shipped through the Suez Canal,…

Iran exported 928,000 tons of goods worth $3.8 million to Austria during the first four months of the current Iranian year (March 20-July 21), which indicates a 24% rise in value compared to the…

While shoppers look for information to make better purchasing decisions, marketers are seek more effective ways of driving brand awareness and sales.

The Internet can integrate content and…

The Communications Regulatory Authority of Iran has announced Taliya subscribers cannot use the recently launched Mobile Number Portability scheme for now, but this may change in future. Mohammad…

The Persian Gulf explorer vessel will sail in mid-September, the director of Iranian National Institute for Oceanography and Atmospheric Science said.

“The vessel’s launch was planned to…

Walmart announced on Monday that it has agreed to buy Jet.com, a much-hyped e-commerce site trying to take on Amazon directly, for $3 billion in cash, with another $300 million in stocks kicked in…

A senior government official says 66 foreign direct investment projects worth $5.16 billion are being implemented after the nuclear agreement (Joint Comprehensive Plan of Action) came into effect…

Mouteh Gold Mine produced 92 kilograms of gold bullion during the first four months of the current Iranian year (March 20-July 20), which shows a 19% rise compared to the same period last year,…

Global production of potato is increasing and there is ample capacity for activity in the related processing industry. In Iran, 150,000 to 160,000 hectares are under potato cultivation, from which…

Iran is among countries the European Union has threatened to hit with tariffs to check their exports of hot-rolled flat iron and alloy and non-alloy steel products to the continent.

Other…

Tehran Stock Exchange’s main index lost 379.90 points or 0.48% to end Monday trade at 78,324.7.

More than 824 million shares valued at $51.9 million changed hands for the day.

Omid…

Over 16 million tons of cement are currently in warehouses due to low demand, according to deputy minister of industries, mining and trade Jafar Sargheyni, Mehr News Agency reported. The Iraqi…

A refrigerated container carrying 1,000 cartons of smuggled fruit weighing 15.78 tons was confiscated in the southern Hormozgan Province. Mehdi Rezaie, the director General of Shahid Bahonar…

The board of directors of Iran Chamber of Commerce, Industries, Mines and Agriculture named Mohsen Jalalpour Sunday as the honorary chairman of ICCIMA and said the new president of Iran’s private…

Iran and Afghanistan have reached a preliminary agreement to use Chabahar Port as a trade hub with customs procedures both pertaining to shipment costs and time of clearance. The agreement was…

More than 942,200 tons of non-oil goods valued at $474.7 million were exported to Japan during the first four months of the current Iranian year (March 20-July 21). Exports in the corresponding…

South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of…

The government has purchased 66,000 tons of colza from local farmers since the beginning of the harvest season in March, according to the head of Government Trading Corporation of Iran.

Lawmakers on Monday allowed the government to settle its debts to the banking system through Central Bank of Iran’s foreign exchange resources for one year as part of the amendment to the 2016-17…

The central banks of Iran and Azerbaijan on Sunday agreed to connect the two countries’ payment networks to ease money transactions for tourists and traders.

Life insurance accounted for 14.8% of industry’s premiums generated during the first quarter of the current fiscal year (started March 20), marking a growth of 2.9% compared with the same period…