Economy

The development of steel industry all around the world is based on the production of pig iron or sponge iron. For centuries and millenniums, people have produced iron all around the globe. The…

Iran is the saffron production capital of the world, with a harvesting tradition that dates back over 3,000 years. Today, the country continues to produce more than 90% of this highly sought-after…

Everybody seems to be greedily eying potential business deals with Iran after it reached the nuclear deal with six world powers. This is no surprise.

In a recent report, the Persian daily Donya-e Eghtesad investigated how Tehran among other cities can benefit from the removal of sanctions. Not only will the city council be able to forge viable…

Fruit prices have dropped 20% on average this Iranian month compared to last month (June 22-July 22) amid reduced demand and excessive production, said the head of Fruits and Vegetables Sellers’…

More than 226,000 tons of goods worth $53 million were exported from South Khorasan Province in the first four months of the current Iranian year (started March 21), indicating a 46% increase in…

In a meeting between head of Iran’s National Tax Administration Ali Askari and Cyprus’ Minister of Finance Harris Georgiades at Iran’s embassy in Nicosia, the two sides signed a treaty to prevent…

In the run-up to the 14th Iran-Serbia Joint Economic Commission, which is expected by the end of 2015, Serbia’s Foreign Minister Ivica Dačić met with the Minister of Industries, Mining and Trade…

Japan is sending a senior trade and industry official to Iran along with executives from the oil, gas and other industries after a landmark agreement reached on the country’s nuclear program.

Researchers at a knowledge-based company have developed a nanomaterial capable of absorbing toxic gases. Alireza Monjazipour, the project director, told Mehr News Agency, the nano-sorbent can…

Microsoft has just released a bunch of apps for wearable devices—not for their Band, but for Android Wear smartwatches and the Apple Watch.

First for the Apple Watch is Outlook, which…

Iranian Minister of Science Mohammad Farhadi said Iranian science and technology parks exported products worth $24 million.

“Thirty-six science and technology parks, which housed 600…

Royan, a renowned Iranian institute working in the field of biomedicine, has cloned a type of wild ram that is in danger of extinction, the institute’s chief said.

Smartphone users spend almost two hours (114 minutes) every day using the Internet on their mobile phone, almost twice as much time as the average adult spends going online via a PC or laptop (69…

Iran’s Civil Aviation Organization has officially dismissed allegations that the country intends to buy Russian aircraft after the sanctions are lifted. Last week, the Russian news agency Sputnik…

More than 10 tons of frozen red meat were exported from the Kurdistan Province to neighboring countries including Iraqi Kurdistan in the first four months of the current Iranian year (March 21-…

More than $4 million worth of goods were exported via Chabahar FTZ in the first four months of the current Iranian year (started March 21), said the director general of Chabahar Free Trade-…

In a meeting between Iran’s Minister of Agricultural Jihad Mahmoud Hojati and his Iraqi counterpart Fallah Hossein al-Zaidan in Tehran on Tuesday, the two sides inked an agreement to promote…

Azeri Minister of Economic Development Shahin Mustafayev held talks Tuesday with three ministers in addition to President Hassan Rouhani.

In a meeting in Tehran between deputy secretary of Australia’s Department of Foreign Affairs and Trade, Ric Wells and head of the Organization for Investment, Economic and Technical Assistance of…

Iranian authorities have signed a deal with two Italian companies to finance and insure industrial projects. The representative of visiting Italian insurer Servizi Assicurativi del Commercio…

Iranian aviation officials are studying a plan to create a fund to provide loans enabling domestic businesses to purchase planes.

Maqsood As’adi-Samani, secretary of the Iranian Aviation…

Speaker of the Parliament’s Commission of Article 90 (a constitutional article that puts the parliament in charge of investigating complaints made about the operation of the parliament,executive,…

A lawmaker has welcomed the prospect of foreign banks opening branches in Iran but said this would lead to economic prosperity only if it is regulated by proper oversight.  

The housing market is in the middle of one its worst recessions in recent history. The slowdown in home sales that began in 2013 has persisted without respite, prompting some to liken it to a…