Economy

East African tea exports to Iran are expected to rise more than sixfold by 2019, as trade ties with the Persian Gulf nation normalize after western sanctions were lifted, the head of a regional…

South Khorasan Province has exported 2,000 tons of frozen chicken to Afghanistan in the current Iranian year (started March 21, 2015), registering an 80% rise compared to the previous year.…

Enterprise Ireland—Irish state economic development agency focused on helping Irish-owned business increase exports—is planning two separate market visits to Iran in the first half of 2016 as it…

Iran Air is preparing to restart flights to Japan following last month’s international deal to end sanctions imposed over Iran’s nuclear program.

The carrier will initially restart flights…

Iran’s development bank for industries and mining has signed its first post-sanctions financing agreement with India’s Export-Import Bank to develop Iran’s railroads.

The government will offer tax incentives for companies that hire more staff, according to Labor Minister Ali Rabiei. “With the ratification of the Cabinet, companies that increase their employee…

Parks Associates, an analytical firm, has announced Samsung is catching up with Apple for the first time. The latter currently controls 40% of the local mobile market, but the South Korean giant…

Iran has projected that its major cities will receive 4G Internet coverage by the end of the next Iranian fiscal year (March 20, 2017).  

Minister of Communications and Information…

IBM’s SoftLayer, which provides server hosting and cloud infrastructure around the world, has blocked all Internet Protocols originating from Iran.

The service, which competes with cloud…

The biggest supplier of pipes to oil and natural gas producers, Moscow-based Tube Metal Company, or TMK for short, which is being hurt by weak energy prices like many players in the oil patch,…

Nomads produce 180,000 tons of meat annually, says the head of Nomadic Affairs Organization. According to Karamali Qandali, government support such as provision of cheap fodder and low interest…

Not only is Tehran Province self-sufficient in the production of apples, cherries, nectarines, peaches and pistachios, part of the surplus yield is exported to other countries, according to the…

Plans are underway to establish a direct flight route between Qeshm Island—off the southern coast of Iran—and Oman’s capital city of Muscat, says managing director of Qeshm Airlines. “The new…

Iran has broken ground on a €200-million radial tire plant in the western city of Sanandaj, Kurdestan Province.

The Central Bank of Iran does not believe in force and coercion to address economic problems, the governor Valiollah Seif said late on Monday.

The recession visiting the housing market is showing no sign of easing despite the best efforts of the government.  The key sector is suffering its worst stagnation in a quarter century due…

A Chinese bank and insurance firm will start operation in Qeshm Free Trade Zone, Hamidreza Momeni, managing director of Qeshm Free Trade Zone said on Sunday.

It would take more time for Iran and Russia to initiate a currency swap, said Ghadir Ghiafeh, vice chairman of Iran-Russian Chamber of Commerce, on Tuesday.

The signing of a bilateral investment treaty between Japan and Iran, and Tehran’s debt guarantee of up to $10 billion worth of investments by Japanese companies, could be a tailwind for companies…

A business delegation comprising representatives of Japan’s largest mining and steel companies, including Nippon Steel and Sumitomo Metal Co., Mitsubishi, Kawasaki, Toshiba and JGC holdings, has…

Stocks soared to record highs on Tuesday, on the busiest day for Iran’s equity market in history, as a surge in bullish bets pushed up both of Tehran’s equity markets.

Iran plans to turn itself into a major food exporter, hoping the lifting of sanctions will boost international trade and allow investment in the agricultural sector, an official in Iran’s state…

An Iranian based in Ireland has offered groundbreaking insight into innovative solutions for data retention and analysis.

Parsa Ghaffari, founder and CEO of AYLIEN, has used artificial…

After testing the feature on both Android and iOS in recent months, Instagram has announced the launch of multi-account support inside the photo-sharing social app.

Now, users can maintain…

Irancell, the country's second most popular mobile phone operator, and Bank Mellat have come together to offer a new payment service.  According to an Irancell press release, holders of…