Economy

This summer Iran struck a nuclear deal with the US and other foreign powers. Now with sanctions on Tehran expected to ease, the United Arab Emirates-based firm RAK Ceramics is looking to boost…

Saffron harvest will start in October, says deputy minister of agricultural Jihad Mitra Majdzadeh. The official, however, noted that the precise time of harvest will depend on the climate…

Europe’s largest airline Lufthansa is in talks with the government over the past weeks for direct investment in airport construction in Iran, ISNA quoted member of Commission of Representatives at…

About $350 million worth of seafood will be exported by the end of the current Iranian year (March 20, 2016), said the head of Iran’s Fisheries Organization. “After the lifting of sanctions and…

More than 5.25 million tons of oil and non-oil goods crossed Iran’s borders during the first 5 months of the current year (started March 21), said the director general of Transit and Border…

Researchers from Tehran University of Medical Sciences have produced a nanocomposite to treat damaged bone.

A new photographic contest by Iran's largest mobile phone operator, Hamrah-e-Aval, has been launched on the online mobile photo-sharing and social networking service Instagram. The contest began…

EU officials have been accused of "splashing the cash" by pumping €3.28 million into developing videogames.

Britain's TaxPayers' Alliance compiled a list of projects that received money…

Demand for computers is at record lows in the Middle East and Africa region, according to a new regional sales report.

On Sunday, the International Data Corporation said the region’s PC…

In the 10 years since RAK Ceramics opened a $40 million tile manufacturing plant in Iran, the United Arab Emirates-based firm has racked up millions of dollars in losses, fired hundreds of…

More than 4.3 million tons of steel produced by Mobarakeh Steel Company during the seven months of 2015 indicate a 9% increase compared to the similar period of last year, says the company’s…

Tehran Stock Exchange’s main index dipped 241.5 points or 0.37% to stand at 64,225.8 on Monday. According to TSE data, the Price Index lost 95.5 points or 0.37% to settle at 25,389.2. The First…

Isfahan Steel Company offered various forms of steel sheets on Iran Mercantile Exchange’s industrial and mining trading floor on Monday.

The Ministry of Industries, Mining and Trade has finalized a comprehensive plan to combat smuggling, said Industries Minister Mohammad Reza Nematzadeh at a press conference held in Tehran on…

  The recent US appeals court ruling to confiscate Bank Melli’s assets is not a “new issue,” bank’s CEO Abdolnasser Hemmati said, adding that the lender would pursue the matter through its…

Hadi Salehi Esfahani, an academic with Illinois University at Urbana, Champaign, has predicted that all major foreign currencies will lose some value against the rial in the medium run once Iran’s…

The government is moving ahead with the plan to launch a debt market through a cooperative partnership involving the Central Bank of Iran, Economic Coordination Council and Management and Planning…

The Central Bank of Iran will soon submit a report to the Money and Credit Council that seeks to make leasing interest rates competitive, a CBI official said on Sunday.

The parity rate of the Iranian currency rial against the US dollar weakened by 0.3 basis points at 1230 GMT on Monday. The dollar was traded at 34,090 rials in the morning hours but its value…

The ongoing infrastructural development projects in Iranian ports will increase their nominal capacity by 5% to reach 210 million tons by yearend, said deputy head of Ports and Maritime…

Addressing the third meeting of Iran Chamber of Commerce, Industries, Mines and Agriculture on Sunday, Masoud Nili, senior economist and advisor to President Hassan Rouhani outlined the challenges…

Emirates Airlines’ Mashhad-Dubai flight is scheduled to take off on Tuesday, said the managing director of Khorasan Razavi Airports Company, Mohammad-Bagher Ghasem-Zadeh.

More than $361 million worth of goods were exported from East Azerbaijan in the first four months of the current Iranian year (started March 21), indicating an 8% increase compared to the similar…

Despite general reluctance in Iran to fly in Russian-made airplanes due to their poor safety record, recent unconfirmed reports say there have been discussions on possible acquisition of Russian…

South Khorasan’s minerals reserves are estimated at 2.4 billion tons, 414 million tons of which were discovered two years ago when President Hassan Rouhani took office, said the deputy head of the…