The history of drinking coffee in Iran goes back to the ninth century AD when the Sufis used the drink to help them stay up for overnight rituals. The drink became very popular in Safavid era in…
Economy
Unsettled investors keep shrugging off the massive devaluation and the record low Price Earnings, exacerbating recent routs at Tehran Stock Exchange.
A number of Japanese steel companies have shown interest in building steel plants near the port city of Chabahar in Sistan and Baluchestan Province, IRNA reported on Monday.
The requests…
According to head of Industry, Mine, and Trade Organization in East Azarbaijan Province, Hossein Nejati, the crude steel output in the province would increase to 21 million tons from the current 6…
More than 80 technological and science-based firms attended the 2nd National Cyber-Tech Expo that commenced in Tehran on Sunday.
The companies presented 180 technological products at the…
Samsung Group's de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more…
Telecoms Minister Mahmoud Vaezi, heading a delegation of top telecommunications professionals, is in the Swiss city of Geneva to attend the World Summit on the Information Society (WSIS) Forum…
Canadian smartphone maker BlackBerry Ltd, formerly Research in Motion, is cutting jobs across the world, the company said on Friday, Reuters reported, as it consolidates its software, hardware and…
German carmaker Daimler is to make software from web services company Baidu available in its Chinese Mercedes-Benz cars as part of a trend of deepening ties between carmakers and consumer…
The northwestern city of Ardabil will turn into a free trade zone by February 2016, as the statute of Ardabil FTZ is soon going to be approved by the government, ISNA quoted the deputy director of…
Iranian expatriates have invested more than $500 billion outside Iran, according to head of exports committee at Iran’s chamber of commerce, mines, industry and agriculture, Assadollah Asgaroladi…
In probably one of the most curious transit disputes in the Middle East over the past year, Tehran and Ankara have so far failed to solve the issue of long line of trucks – reaching 15 kilometers…
More than $480 million worth of aquatic products were exported during the past Iranian year (ended March 20), IRNA quoted managing director of union of fisheries cooperatives, Arsalan Ghasemi, as…
Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (FSVPS) has given the greenlight to import of Iranian dairy products and poultry, according to Iran Veterinary Organization…
Iran will produce $47 billion worth of agricultural products by the end of the year, experiencing an average annual growth of 2.9% in the next five years, Business Monitor International forecasted…
The Central Bank of Iran announced on Monday that commercial banks are allowed to engage in mass building projects if they use savings, rather than their internal resources, to fund them.
The spokesman of the economic committee of the parliament, Rahim Zare’, announced that a motion on usury-free banking was approved Sunday on the floor, a move that would limit usury banking…
Islamic banking’s usury-free monetary system has always been among the concerns of Muslim-majority countries. These ideals, along with fair lending regulations and statutes have eluded the Iranian…
T here is no denying it. Social media is changing everything, from how we find restaurants and book flights to how we gain access to news. Iran with its tech savvy, fashion conscious young…
Over 68 percent of lending in the 11 months to Feb. 19 (the first 11 months of the Iranian fiscal year), was used for buying durable Iran made goods, ISNA reported on Monday, citing central bank…
Stocks bounced back on Monday, propping up the Tehran Stock Exchange benchmark with refining companies providing the biggest boost to TEDPIX.
Mobarakeh Steel Company (MSC) offered different steel sections in the Iran Mercantile Exchange’s spot market on Monday trading, IME public relations reported.
The CEO of Tehran Stock Exchange has rejected accusations that large institutional investors have manipulated prices, according to comments made in a recent interview with ISNA. …
About $6.5 billion worth of ores and mineral products were exported over the past Iranian year (ended March 20), Eghtesad-News quoted deputy minister of industry, mine and trade, Ja'far Sarqini as…
According to the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), a consortium composed of IMIDRO, private sector companies, and Chabahar Free…
