Economy

The domestic market for milk and dairy products is experiencing difficult times as many of the key suppliers are forced to acquire milk from dairy farmers at much higher prices than in previous…

Exports to Turkey of items included in a preferential trade agreement almost doubled in Q4 last year (ended March 20) compared to Q3 to reach $42.56 million, said the head of Trade Promotion…

Emirati Minister of Economy Sultan bin Saeed Al Mansouri met Iran’s Ambassador Mohammadreza Fayyaz in Abu Dhabi to discuss ways of enhancing economic relations between the two countries.

The 13th Kitchen, Bath, Sauna & Pool Industries & Equipment International Exhibition, otherwise known as KBSP 2015, will be held at Tehran International Permanent Fairgrounds on July 20-23…

MTN-Irancell, Iran's second largest operator, is holding a photo contest on social networking site Instagram with the theme of depicting acts of kindness during the holy month of Ramadan. After…

Researchers at Tehran University have designed a magnetic nanoparticle that can act as a new option for cancer treatment. Using the innovative method, called La08, nanoparticles are produced by a…

Apple Inc. has started early production of new iPhone models with a feature called Force Touch, which senses how hard users are pressing down on a screen.

Its newest iPhones, in the same 4.…

The Organization for Investment, Economic and Technical Assistance of Iran registered $3 billion in foreign direct investments in the first quarter of the current Iranian year (March 21-June 21…

About 51,000 tons of goods worth $191.6 million were exported via the northeastern North Khorasan Province during the first quarter of the current Iranian year (started March 21), showing a 42-…

Turkish and Iranian truck traffic across the border between the two countries has returned to normal after a longstanding dispute over transit fees kept approximately 1,200 trucks waiting at the…

Minister of Roads and Urban Development Abbas Akhoundi visited Baghdad on Wednesday and delivered President Hassan Rouhani’s invitation to Iraqi President Fuad Masum to participate in the third…

East Azarbaijan Province’s Bureau of Economic Affairs and Finance has issued a permit for $1.25 billion foreign investment in the construction of a freeway between East and West Azarbaijan…

Iran Technical and Vocational Training Organization is ready to cooperate with Tajikistan on teacher training and establishing vocational institutes there, said deputy labor minister Kourosh…

The implementation of large industrial projects in Chaharmahal-Bakhtiari is helping the southwestern province move toward industrialization.

Recent years have seen a surge in the sales of non-alcoholic malt beverages, due mainly to improved taste and wider choice of flavors as well as the growing health concerns associated with sugary…

Deputy chairman of Iran Mine House, Mohammad Reza Bahraman, has called for the implementation of provisions related to concessions on mining royalties in the Mining Act.

Tehran Stock Exchange’s overall index snapped a three-day winning streak on Saturday trade amid ambiguities concerning the ongoing nuclear talks.

In a lazy trading day at Iran Mercantile Exchange’s spot market, close to 160,000 tons of commodities were offered on Saturday. As IME reported, the agricultural trading floor played host to 11,…

Economic woes and lack of liquidity have driven commercial banks into non-banking operations, said Teymour Rahmani, a Tehran-based academic. But he added that banks have gone far in doing…

A senior advisor to the minister of roads and urban development said unauthorized financial institutions should follow the rules or face closure.

Gholamreza Salami suggested that illegal…

The growing trend of banks’ debt to the Central Bank of Iran over the last couple of years is widely believed to be a major setback for the banking system.

According to banks’ financial…

Minister of Economy Ali Tayyebnia is in China to sign the constitution for the Asian Infrastructure Investment Bank on June 29.

Venezuela has signed an agreement with Iran for a $500 million credit line to fund joint investments and help improve supplies of goods “necessary for the Venezuelan people,” President Nicolas…

Shahr Bank has become the first Iranian bank to deploy a virtual teller machine (VTM). The new facility provides six services to customers, marking the first move by an Iranian bank toward a…

Jaguar Land Rover will never make a driverless car, R&D boss Wolfgang Epple said.

“We don’t consider customers cargo. We don’t want to build a robot that delivers the cargo from A-to-B…