Economy

It took the hairy, tough-skinned kiwifruit four decades to squeeze itself among Iranians’ fruits of choice. The past Nowruz - the traditional Iranian new year holiday- shortage of oranges was…

There are currently $14 billion worth of unfinished projects across the country, says the Vice President for Executive Affairs Mohammad Shariatmadari, adding that due to the government’s tight…

New mineral explorations have found Sangan Mine’s iron ore reserves to be at 1.2 billion tons, which make it a “world-class” iron ore mine, said the head of Iranian Mines and Mining Industries…

Iran will not import wheat this [Iranian] year (2015/16) for the first time in about a decade thanks to a bumper crop, said deputy minister of agriculture Ali Ghanbari.

About 1.5 million tons of horticultural products worth $2.8 billion are annually exported, said deputy minister of agriculture in horticulture affairs, Mohammad Ali Tahmasbi, adding that Iran’s 2.…

DP World, one of the world’s largest port operators, says it is in talks with relevant authorities to start port operations in Iran, which recently reached a deal with world powers to limit its…

Iranian airlines are gearing up for a removal of sanctions over Iran’s nuclear program by yearend as part of July-14 nuclear deal between with world powers.

Hyundai has allayed the concerns of South Korean customers about the difference in safety levels of cars sold domestically and those in the export market.

It was able to prove its parallel…

Iran's leading carmakers, Iran Khodro and Saipa, will receive bank loans to help alleviate their financial troubles, a member of the Majlis Industries Commission said.

France's Renault will officially launch the Easy-R automatic transmission for Romanian carmaker Dacia’s Logan and Sandero models at the Frankfurt Motor Show in September.

This is a premiere…

A research and development center specialized in transportation and traffic has opened in the southern city of Shiraz on Saturday. The need for a center focused on transportation issues in the…

Norwegian economist, Erik Steenfeldt Reinert, is not only well known in his home country for introducing controversial ideas on the theory of uneven development, he has also been widely noticed…

A shatterproof glass production unit was inaugurated in Shokouhieh Industrial Park in Qom Province by Parliament Speaker Ali Larijani on Wednesday in the presence of the Director of Qom Industrial…

Tehran Stock Exchange’s overall index retreated 1,012 points or 1.5% during the week that ended August 26 amid the bearish sentiment prevailing in the equity market.

According to TSE data,…

The decks have been cleared for India to lease and develop the strategically important Iranian port of Chabahar. This will provide an alternative route for India to trade with Afghanistan and…

The reintegration of Iran in the world economy represents a critical opportunity for the strengthening of strategic ties between the Islamic Republic and the People’s Republic of China.

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Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, as part of continuous endeavor to provide world class services through the latest technology and innovation, has upgraded its core…

Central Insurance of Iran–the main insurance regulatory body—says its biggest concern would be to ensure the financial health of insurance companies and ascertain their ability to compensate their…

Minister of Economic Affairs and Finance Ali Tayyebnia expressed hope that injection of new cash into the banking system in the coming fiscal year (starting March 21, 1016) will help solve the…

A number of foreign investors, who have visited Aras Free Trade Zone in northwestern Iran, have voiced readiness for investment in the area, a senior trade official announced on Friday. Over 26…

Minister of Cooperatives, Labor and Social Welfare, Ali Rabiei says the positive economic growth experienced over the past one year has failed to lead to job creation.

The Czech Foreign Minister Lubomir Zaoralek will visit Iran on September 4-7 “to revive bilateral relations in the political and economic spheres, after years of stagnation,” the central European…

In a bid to reduce water consumption and boost the production of oily seeds and fodder, the government will soon implement the so-called ‘Beyond Border Farming’ program in three countries namely…

One of the key indicators of industrial development in a country is the degree to which high value added is obtained through domestic industries. In recent years, Iran’s industrial sector has…

More than 18,000 tons of seafood worth about $60 million were exported in the first four months of the current Iranian year (started March 21), indicating an 18% increase in terms of weight and 10…