Economy

Iran Space Research Center is establishing a satellite launch base in the southern port city of Chabahar in Sistan-Baluchestan Province.

The first phase of the project pertains to the…

Servers of Telegram messaging app went down in several areas around the world on Saturday.

Regions affected most by the problem included Iran, Oman, central Europe, Australia and California…

Most Iranians consume tea with sugar cube daily and this offers a golden opportunity to investors seeking new lucrative fields.

In the past, households bought conical loaves, from which…

The Organization of Rural Cooperatives of Iran has rejected claims that it buried dates in excess of market demand.

Hossein Safaie, the organization’s managing director, declared that “not…

More than 89,000 tons of copper concentrates were produced by the subsidiaries of National Iranian Copper Industries Company.

Production by Sarcheshmeh Copper Complex, Sungun Copper Mine…

Under legislation officially enacted last week, Iran Civil Aviation Organization decided to deregulate air ticket fares on 170 domestic routes (66% of all routes), while tickets for 87 routes will…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 50,220 tons of I-beams by Isfahan Steel Company on Saturday. About 49,300 tons of bitumen, 8,910 tons of…

Data released by the Central Bank of Iran show that the banking sector has issued 368 million cards (including debit, credit and gift cards) in the period from November 2004 up until October 2015…

Implementation of the nuclear deal with the six world powers, known as the Joint Comprehensive Plan of Action, offers a golden opportunity for lifting the economy from the crippling morass,…

Iran is facing a mountain of government debt estimated at 5,400 trillion rials ($179.2 billion), according to the Economy Minister Ali Tayyebnia. The figure is almost six times the accessible…

The government should move toward supporting small and medium-sized enterprises in order to improve the manufacturing sector, said Rahim Zare the speaker of the Parliament’s Economic Commission.…

The Second International Conference on Holding Companies alongside a festival of top Iranian holdings will be held in Tehran on January 25, 2016. Islamic Republic of Iran Broadcasting’s conference…

The Producer Price Index for the industrial sector in the 12-month period ending June 21, which marks the end of spring, increased to 11.1% compared with the same period of last year, according to…

A total of 8.8 million tons of oil and non-oil goods crossed Iran’s borders during the nine-month period that ended on December 22, says director general of Transit and Border Terminals Bureau. “…

More than 600 people engaged in public relations and advertising will converge on the IRIB International Conference Center in Tehran on January 9 and 10 for the First National Advertising Festival…

The Iranian government has invested substantially in the development of the healthcare system, with investments paving the way for an increase in the number of doctors and hospitals, although…

Mercedes-Benz has reportedly signed off on a new platform for electric cars, with four new electric cars planned–two saloons and two crossovers.

Honda Motor Company confirmed on Thursday that a Takata airbag inflator ruptured in a July crash of a Honda Accord and likely led to the death of the young driver, the ninth death in the world…

Imagine the car of the future.  It’s not a Tesla.  Rather, it’s 3D printed and recyclable.

According to a report published by Forbes, Arizona-based Local Motors plans to debut its…

The British automotive industry has been littered with marques that have long-since disappeared: Austin, Triumph, TVR... But one of the greatest and most innovative of them all was Jensen. And now…

Persia Khodro, the Iranian representative of Germany's BMW in Iran, opened a new after-sales service center in northern Tehran last week.  This is the 17th BMW after-sales service center set…

The Export Guarantee Fund of Iran has increased its capital to insure exporting ventures up to $5 billion, an official said Friday. Vahid Rezaei added that the fund plans to double its coverage of…

Iran and China are planning to sign a currency swap agreement, according to Iran’s ambassador to Beijing, Ali Asghar Khaji.

Iran has been trying to avoid dollar transactions since the…

A government scheme to finance the renovation of old urban areas has been finalized and Bank Maskan -- which specializes in housing loans—will start lending 50,000 applicants by the yearend…

Opening up the economy to entrepreneurs and businesses in after the sanctions are lifted is a government priority, said Mohammad Nahavandian, president Rouhani's chief of staff. Preparing for the…