Government-backed Innovation and Prosperity Fund (NSFund) has said it will sponsor local knowledge-based firms to attend international events and expos.
The fund’s director Behzad…
Economy
Economy
One more vulnerability that is now affecting practically everyone and everything that uses Wi-Fi was revealed on Monday, allowing hackers to decrypt and potentially look at everything people are…
Economy
Telecommunication Company of Iran, the country’s only landline service provider, has said it is set to stop issuing paper bills by the end of the current fiscal in March and switch to electronic…
Economy
The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Monday afternoon. The rial was quoted…
Economy
The Central Bank of Iran has signed an agreement with the Export Insurance Agency of Russia that will pave the way for Russian banks to allocate finance to their Iranian counterparts.
Economy
Minister of Economic Affairs and Finance Masoud Karbasian met with top-ranking officials of the Islamic Development Bank as well as his counterpart from Malaysia.
Karbasian met them on…
Economy
The Iranian housing sector, which has just entered a pre-boom phase after a five-year recession, will not register a notable fluctuation in home prices in the second half of the current fiscal…
Economy
The total value of Iranian banks’ foreign assets by August 22 stood at 2.54 quadrillion rials ($65.12 billion), marking an increase of 10.4% compared with the corresponding period of last year…
Economy
More than 1.15 million tons of peach and nectarine were produced in Iran in the current crop year, indicating a 6.8% rise year-on-year.
Economy
About 1,840 tons of apparel worth close to $22.75 million were exported from Iran during the first half of the current Iranian year (March 21-Sept. 22), indicating a 20% and 24% growth in weight…
Economy
Deputy Minister of Industries, Mining and Trade Reza Rahmani said Iran is targeting the export of $600 million, $1.6 billion and $3 billion worth of home appliances in the current Iranian year (…
Economy
Fishing season in the northern Iranian provinces of Gilan, Mazandaran and Golestan has begun, as some 10,000 fishermen started catching bony fish in the Caspian Sea, according to an official…
Economy
Iran has shut its border crossings with the Iraqi Kurdistan Region. “At the request of the Iraqi government, the Islamic Republic of Iran closed today the border crossings with the Kurdistan…
Economy
Tehran Stock Exchange’s main index gained 195.80 points or 0.23% to end Monday trade at 85,590.7.
About 600 million shares valued at $54.1 million changed hands for the day.
…
Economy
The announcement of Iran’s preliminary nuclear deal in July 2015 and the subsequent easing of sanctions augured a brighter economic outlook for the country.
Economy
The countries of the Organization of Islamic Cooperation imported more than 27.4 million tons of goods worth $10.1 billion to become the main export destinations for Iran’s non-oil products…
Economy
The Securities and Exchange Organization is scheduled to hold an international event dubbed “Iran Capital Market: Higher Diversity, Higher Return” on Kish Island on October 31, Yasser Fallah, an…
Economy
SAIPA says its latest hatchback Quick will be introduced into the market in the coming weeks. The company’s deputy sales manager Reza Taqizadeh said, “The model will be introduced to the market…
Economy
Mazda’s rotary engine is coming sooner than expected, but not powering a sports car. Speaking to Automotive News, Mitsuo Hitomi, Mazda’s global powertrain boss, said that the rotary engine will…
Economy
The government has called on local car manufacturers to increase investment in their research and development.
Ministry of Industries has issued a mandate that requires local carmakers…
Economy
Daimler said it has taken the first steps towards a new structure that could see its Mercedes Benz cars and vans and its Daimler Trucks divisions split off into separate entities.
Economy
Alphabet’s self driving car division Waymo has been testing its fleet of robot cars in four states across the US — Washington, California, Arizona, and Texas — and it has started to work with…
Economy
Iran exported $5.57 billion worth of petrochemical and polymer products in the first six months of the current fiscal year (March 21-Sept. 22), up $1.2 billion compared to the same period of…
Economy
With the allocation of $489,000, the Food and Agriculture Organization of the United Nations’ Technical Cooperation Division, under the auspices of the Ministry of Agriculture, has developed and…
Economy
Olive oil imports are estimated to reach 8,000 tons by the end of the current Iranian year (March 20, 2018), which will register an over 40% rise compared with those of last year, the head of…
Economy
