Economy

Iran Tractor Manufacturing Company (ITMCO) on Thursday launched its first production line of heavy wheel tractor-scraper during a ceremony attended by Minister of Agricultural Jihad, Mahmoud…

Statistics released by the Iran’s Customs Administration (ICA) on foreign trade in the 11 months ending to February 19 indicate that Asia accounted for 77 percent of Iran’s total…

Given Iran’s geographic proximity, the transit and transport potential should  be developed to substitute oil income, Vice-president of Tehran chamber of commerce…

Chairman of Iran-Afghanistan Joint Chamber of Commerce, Mahmoud Siadat said that Afghanistan has agreed to reopen the chamber’s office in Afghanistan, 13 years after it ceased operation, ISNA…

Head of Iran-Iraq Joint Chamber of Commerce, Jahanbakhsh Sanjabi said visa requirement for both Iranian and Iraqi traders will soon be lifted within a specific time frame, as per the agreements…

Large economy, micro enterprises, is the labor ministry’s policy for fighting unemployment, deputy minister of cooperatives, labor and social affairs in entrepreneurship and occupation, Hassan Ta’…

Iran exported 171.119  metric tons of pistachio, valued at $1.5 billion,  during the eleven months of the current Iranian year (to end March 20), recording an increase of nearly 71% in…

Twenty-three million metric tons of non-oil goods, valued at $18 billion, including condensates, were exported via the southern Bushehr Province customs terminals in the eleven months of the…

Cell phone imports grew by 69.7 percent during the eleven months of the current Iranian year (to end March 20), compared with the same period last year, Fars news agency reported. The total value…

The rial continued its charge against foreign currencies on Wednesday, as speculation that talks between Iran and six world powers known as the P5+1 would come culminate in a deal wilted safe…

The euro has depreciated more than 20% against the US dollar over the past year and sank to $1.0842 on March 6, hitting an 11-year low against the dollar for two main reasons: the bond-buying…

The deputy minister of economy, Mohammad Parizi, on Wednesday criticized the deposit rates as very high, warning that the economy “will collapse” if the rates are not cut, IRNA reported.

A new report by the International Data Corporation (IDC) shows that overall sales of computers in the Middle East and Africa grew by 2.8% year-on-year in the fourth quarter of 2014.

IDC…

Tehran has not been on the international weekend vacation market in the past few decades, and it certainly wouldn’t be considered one of the cities where wealthy foreigners move to avoid…

Kish authorities on Wednesday announced they have set up an exclusive fiber optic network in line with a strategy to expand IT and telecommunication infrastructure in the Persian Gulf island.…

More than 62 million metric tons of cement was produced during 11 months of the current Iranian year (to end March 20), IRNA cited statistics by the ministry of industry, mine, and trade. Some 80…

The TEDPIX’s fresh rally at Wednesday’s close encouraged investors to grab the opportunity and shore up their portfolios with stocks that have hit rock bottom amid lingering uncertainties…

The sharp global decline in iron ore prices has led to lower profitability in the mining sector, dissuading some countries from investing in Iran’s mining sector, Eghtesadnews reported.

The Iranian Mining and Mines Industries Development and Renovation Organization (IMIDRO) has explored 188,000 square kilometers of the country’s area during the 11 months of the current Iranian…

Iran’s largest start-up weekend started in Tehran at five different universities on Wednesday, namely the universities of Tehran, Sharif, Technology and Science, Shahid Beheshti and Amir Kabir.…

Iran Mercantile Exchange (IME)’s industrial and mining trading played host to 143,846 tons of metals and minerals on Wednesday.

Head of supervision department at the Organization for the Protection of Consumers and Producers says the organization will be supervising all clothing shops and retail stores during the…

India is planning to export $30 million worth of tea to Iran in 2015, Indian Tea Association’s (ITA) Vice Chairman, Azam Monem said on Tuesday.

Iran’s export of aquatic products is expected to reach $310 million before the end of the Iranian year (ends March 20), according to an official in Iran Fisheries Organization, Isa Golshahi, who…

The number of agriculturists holding bachelor degrees hardly amounts to 1% of the total agriculturists in the country, lamented Mohsen Movahedian, member of Iran’s Agriculture and Natural…