State owned Telecommunications Company of Iran (TCI) is investing 10 trillion rials ($266 million) in infrastructure projects.
Babak Tarakome, board director of TCI, said the investment is…
Economy
The Export Development Bank of Iran, the country’s exim bank, established a total of 120 correspondent relations with foreign banks in the previous fiscal year to March 20, 2017, the bank’s chief…
The prolonged stagnation in Iran’s housing sector, which started in March 2012, has persisted through the summer of 2017 as housing deals across the country are declining while rents are outpacing…
The Central Insurance of Iran, the regulatory body of insurance industry, has banned the sale of burglary insurance policies to unlicensed jewelry and exchange shops. The decision was made by CII…
Iran will sign new finance contracts worth $12 billion with three Asian and European banks within a month, deputy governor for foreign exchange affairs at the Central Bank of Iran announced.…
Around 6,400 tons of different kinds of dates worth more than 550 billion rials (over $14.54 million) were exported from Hormozgan Province in southern Iran during the first four months of the…
Each Iranian consumed 198 eggs on average in the last fiscal year (March 2016-17).
According to Secretary of Iran’s Union of Producers of Egg-Laying Hen Farzad Talakesh, the consumption…
Iran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to host a business forum attended by a delegation from Syria at its Tehran headquarters on July 31.
Iran’s Defense Ministry has signed a contract with its Russian counterpart to buy 12 Sukhoi Superjet 100 passenger planes.
When Zuao Ru Lin, a Beijing entrepreneur, first heard about business opportunities in eastern Iran, he was skeptical. But then he bought a map and began to envision the region without any…
A new steel plant with a production capacity of 1.20 million tpy of steel billet has started operations in Yazd Province of central Iran. Global billet prices, which are already under pressure…
The Agriculture Ministry's Information Technology Department has developed a system to streamline data management and balance demand and supply in the agricultural sector.
The new chief at the helm of Iran Air might not be the first woman to become the executive captain of a national flag carrier in the Middle East, but she is taking charge at a crucial moment as…
Tehran Stock Exchange’s main index gained 327.60 points or 0.40% to end Wednesday trade at 81,509.3.
About 1.11 billion shares valued at $90.60 million changed hands for the day.
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A vintage car show is set to be held in the city of Abadeh, in Fars Province today, where hundreds of classics from across the country will be displayed. The gathering, hosted by Abadeh…
Hyundai Motor said Wednesday its quarterly profit was halved to its lowest level since 2010 as its auto sales in China and the US plunged as the South Korean automaker paid dearly for lagging in…
Irtoya has released the new C-HR crossover model in the market but the price seems to have made a huge leap from international prices.
Four units of the sporty-looking model, which first…
Industries Minister Mohammad Reza Nematzadeh opened a new line of auto parts production at a local company, Marpich Bakhtar, in Kermanshah Province this week.
Kermanshah region is gradually…
China signed a contract with Iran to finance the electrification of a 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province with a $1.5 billion loan.
Iranian payment service providers unveiled new e-payment services and smartphone applications at the 23rd International Exhibition of Electronics, Computer and E-Commerce (aka Elecomp 2017) that…
The Central Bank of Iran on Tuesday announced that the government’s proposal for changing the currency unit needs to be passed by the parliament. In a meeting on Sunday, Iranian President Hassan…
Only less than 3% of Iranians are consumers of bottled water and that’s because 95% of the population have access to tap water, the secretary of Iran’s Mineral and Bottled Water Association said…
A ceremony is scheduled to be held at the headquarters of Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on July 30 to celebrate the record high production of sugar in the…
The Industrial Development and Renovation Organization of Iran is due to manufacture helicopters for civilian use in cooperation with a Russian company.
“IDRO has signed a contract with the…
More than 405,000 tons of cargo were transited via Iranian railroads during the first four months of the current fiscal year (March 21-July 22), indicating a 44% rise compared with the similar…
