Iranian researchers have produced biodiesel from the flixweed crop as a potential renewable energy substitute for non-renewable fossil fuels.
Under a project to deliver a new generation of…
Economy
Economy
All commercial sectors of the domestic economy could benefit from an opening up of the country's doors following the July 14 nuclear deal between Iran and six major powers, but the automotive…
Economy
Iran plans to provide further subsidies to produce environmentally friendly cars such as hybrid and electric vehicles, and has urged Japanese carmakers to consider building related plants in the…
Economy
Production figures for four locally produced vehicles have plunged in the month ending July 22. Production of Renault's Sandero and Megane as well as two Chinese models JAC G5 and Lifan 620 came…
Economy
The Central Bank of Iran is slowly gaining access to its frozen assets, as the historic deal between Iran and the West comes into effect.
Indian refiners have been told to prepare to pay…
Economy
Governor of the Central Bank of Iran Valiollah Seif announced on Friday that the Money and Credit Council has laid the groundwork for further cuts in the interest rate but said this would be done…
Economy
Bank Saderat unveiled its three-year strategic plan to better its position in Iran’s money market on Thursday. The plan’s announcement got attention from state media as Saderat is the largest…
Economy
A senior housing official has predicted stability in the real-estate market until the end of the current Iranian year (March 19, 2016).
Hamed Mazaherian, deputy minister of roads and urban…
Economy
The Iranian nuclear pact will gradually reopen an economy bigger than Thailand’s and with oil reserves rivaling those of Canada. Here’s what investors will encounter, Bloomberg wrote.
…
Economy
Iran has agreed to export 1,000 tons of copper cathode to China, announced the managing director of National Iranian Copper Industries Company, Ahmad Morad Alizadeh, during a meeting with a…
Economy
Tehran Stock Exchange wrapped up its fourth consecutive trading week in red amid tumbling oil prices, reopening of listed companies’ ticker symbols, banking problems and lingering ambiguities…
Economy
Many believe that for a country like Iran, which is the 18th largest economy in the world in terms of GDP, unimpressive international trade rankings come as a surprise.
Economy
More than 4 million tons of goods crossed Iran’s borders in the first four months of the current Iranian year (started March 21), over half of which were oil products, according to the Ministry of…
Economy
Italy and Egypt were the biggest export destinations for Iranian goods in Europe and Africa respectively during the first four months of the current Iranian year (started March 21), says deputy…
Economy
The transport sector in Iran is expected to be one of the main beneficiaries of the landmark nuclear agreement reached with the P5+1 countries –namely the US, Russia, China, France, the UK and…
Economy
Russia is seeking to increase its import of agricultural products from Iran’s northern Caspian provinces in view of the western sanctions imposed against Moscow.
Economy
Switzerland’s lifting of some economic sanctions against Iran on Thursday should allow Swiss-based companies to take advantage if the US and European Union eliminate their own trade curbs.
Economy
The Third International Specialized Exhibition for Clothing and Footwear will be held at Tehran International Permanent Fairground from September 4 to 7. The exhibition will be held in a 10,000-…
Economy
About 690 tons of refined vegetable oil were exported to Iraq in a single shipment on Thursday, announced the managing director of the Government Trading Company of Iran.
Economy
Samsung Electronics Co. unveiled a new Galaxy Note phablet and a larger version of its curved-screen S6 edge smartphone on Thursday, marking a fresh bid by the South Korean company to revive…
Economy
Engineers at MIT spend a lot of time figuring out how to make things better, faster and often smaller. Now a powerful new magnet technology has led the way to a groundbreaking design for a small…
Economy
The removal of sanctions will help facilitate the transfer of modern technologies and science into the country, Managing Director of National Iranian Oil Company Rokneddin Javadi said on Wednesday…
Economy
Even as sanctions prevented regular flows of foreign investment, the government has been steadfast about expanding the country’s gold sector. For the first time in the history of Iranian gold…
Economy
Iran’s famed carpet weavers are busy at work following the country’s historic nuclear deal with world powers, anticipating a boost in exports as sanctions are set to be lifted in the months ahead…
Economy
More than 430,000 tons of commodities were offered by local suppliers on Iran Mercantile Exchange’s spot market on Wednesday. As IME reported, the industrial and mining trading floor witnessed the…
Economy
