Economy

A team led by Iranian professor Behrokh Khoshnevis is working on developing robots that will be able to construct buildings in a single day.

Behrokh Khoshnevis, an Iranian professor at USC…

NASA astronomers have discovered a tiny asteroid that is constantly orbiting the Earth around the sun.

The newly found asteroid, 2016 HO3, was spotted first on April 27 by the Pan-STARRS 1…

Beijing’s Intellectual Property Office has ruled against Apple in a patent dispute brought by a less-famous Chinese handset maker, leaving the US company’s latest handset family in jeopardy.

Apple has told Republican leaders it will not provide funding or other support for the party’s 2016 presidential convention, as it has done in the past, citing Donald Trump’s controversial…

New statistics have been released on the number of active subscribers to the mobile network of Iran’s first mobile operator. A report published by local technology website ICTNA states that the…

Insurance industry’s total earned premiums stood at 31.7 trillion rials ($9.1 billion) during the two months ending May 19, indicating a year-on-year growth of 28.3%.

Data published by the…

The head of the Association of Private Banks and Credit Institutions, Kourosh Parvizian, has sent a letter to Central Bank of Iran governor, Valiollah Seif, informing him about private lenders’…

A lawmaker believes that lack of proper supervision by the Central Insurance company of Iran, the industry’s watchdog, is the root of problems insurers are facing.

“However, insurance…

The new amendment for the budget law of 2016-17 will soon be sent to Majlis and it contains measures to increase banks’ capital and settle their debts, a deputy minister of economy said Saturday…

A group of CBI experts is in the United States to discuss the issue of Iranian assets frozen in that country, a Central Bank of Iran official said Thursday.

Russia and Iran could reach an official agreement on the transition to mutual payment in local currencies.

The statement was made Friday by Hossein Yaghoubi Miab, director general of …

Karafarin Insurance, affiliated to Karafarin Bank, on Wednesday signed a three-year contract with Bank Mellat, to use the private lenders’ e-banking, and investment banking services. Based on the…

Pakistani authorities on Friday started building a gate at the country’s border with Iran at Taftan to curb illegal trade. The construction of “Pakistan Gate” in Chagai district, to be completed…

More than $850 million (30 trillion rials at market exchange rate) are to be injected into the domestic housing market in the near future, as part of a new mortgage loan scheme to stimulate…

Steel industry is of utmost importance for Iran, as it is the main supplier to a range of vital sectors, including automotive and construction.

And the primary feedstock for keeping the…

Construction of the first section of the so-called Tehran-North Freeway that connects the capital city of Tehran to the northern Mazandaran Province has made 60% progress, the CEO of Tehran-North…

Tehran Stock Exchange’s benchmark index, TEDPIX, added 29.40 points or 0.04% on Saturday to end trade at 73,906.5.

Over 620 million shares valued at $40.9 million were traded for the day.…

Iran exported saffron worth $34 million in the first two months of the current fiscal year (March 20-May 20, 2016), registering a 4% decline compared to last year’s corresponding period,…

Trade between Iran and Russia saw a 69% rise in the first half of 2016 over last year's corresponding period.

Russian Minister of Energy Alexander Novak made the statement in a meeting with…

Chairman of Foreign Economic Relations Board of Turkey Omer Cihad Vardan said Turkey can prove instrumental in Iran’s integration into the global economy, particularly western markets.

Esfahan Steel Company has agreed to deliver 40,000 tons of rail to the Islamic Republic of Iran Railways by the end of the current Iranian year (March 2017), says IRIR’s deputy head, Saeed…

About 16.8 million tons of oil and non-oil products were loaded and unloaded in the ports of Hormozgan Province in southern Iran during the first two months of the current Iranian year (started…

Close to 200 entrepreneurs, business experts and representatives of banks, industries and companies from the Italian region of Emilia Romagna attended a meeting titled “Trade and Investment…

The newly launched direct flight between Tehran and the Caspian port city of Astrakhan in southern Russia has reduced the time and cost of transportation and facilitated bilateral trade, the…

Following the easing of economic sanctions at the beginning of this year, ZF Friedrichshafen is intensifying its business commitments in Iran.

The company has opened up the ZF Pars SSK…