Economy

Iran has endeavored for years to devise the right set of conditions to facilitate the entry of foreign financial institutions in its free trade zones and those efforts only intensified following…

Twelve delegates from Iranian banks completed a two-day workshop organized by the International Compliance Association to receive the internationally-recognized ICA Certificate in Compliance in…

A quartet of major regulatory bodies will form a task force to resolve the controversy surrounding banks' financial statements, secretary of the Association of Private Banks and Credit…

Iran’s non-oil trade balance turned positive in the 30 days to Feb. 19, which marks the end of the Iranian month of Bahman, given the monthly exports of $6.07 billion and imports of $4.85…

Trade between Iran and Cyprus stood over €11.66 million in 2017, registering a 76.13% surge compared with the previous year. 

Iran’s trade with Cyprus experienced the sixth highest…

Contracts worth 25 trillion rials ($556.54 million) was signed between the Ministry of Roads and Urban Development and the private sector on Sunday for the construction of 439 kilometers of…

Iranian export prices for steel billet and slab continued to rise in the week that ended on March 7 with bookings agreed at higher prices, supported by the uptrend in the global market and…

A hot mix asphalt production plant has been established in Qazvin Province’s Alamut region, Managing Director of Qazvin Roads and Urban Development Organization Masoud Haqlotfi said. The plant,…

Major Iranian mining companies produced an aggregate of 317.94 million tons of ores and mineral products during the first 11 months of the current fiscal year (March 21, 2017-Feb. 19),…

Tehran Stock Exchange’s main index lost 265.78 points or 0.27% to end Saturday trade at 96,594.5.

About 686 million shares valued at $38.89 million changed hands at TSE for the day.

Who’s for a trade war? Apparently no one, except US President Donald Trump. 

His impromptu announcement last week of slapping tariffs on steel and aluminum imports set off worried…

Iran’s largest automaker Iran Khodro is set to offer two of its locally manufactured sedan models, namely Samand and Peugeot 405, to join Nigeria’s taxi fleet.

Hassan Golchubian, IKCO’s…

Tehran Municipality announced that 44 cars will be added to Tehran Subway’s fleet next week.

Deputy mayor for transport affairs said the subway fleet’s capacity will increase by 174,000…

Snapp unveiled an application labeled “Promoter App” to computerize the recruitment process for new drivers.

The application allows field marketers to submit applicant information on the…

Waymo, the autonomous vehicle arm of Alphabet Inc, says it will launch a self-driving trucks pilot in Atlanta to carry cargo for Google’s data centers. The announcement comes two days after…

Iran is ready to allocate a credit line amounting to $3 billion to Iraq for rebuilding the war-ravaged areas of the neighboring country, Iran's first vice president has announced.

 An Indian bank has received the authorization of the Reserve Bank of India–the country’ central banking institution–to invest in Iran in rupees as part of the initiative by the Asian…

President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred to measures…

Iran’s insurance industry has so far paid out about 1.1 trillion rials ($24.55 million) in claims resulting from the 7.2 magnitude earthquake that shook the western province of Kermanshah and…

Moved by the industrial climate and opportunities available in Odisha, Iran has evinced interest in investing in the Indian state.

Iran’s economic and investment opportunities were surveyed at a forum held in the Italian capital Rome on Wednesday.

Italian investors, bank managers, legal experts and businesspeople,…

Iran’s flag carrier airline, Iran Air, has kicked off a drive to attract more female pilots.

More than 2.66 million tons of oil and non-oil products were loaded and unloaded in Kish Port in southern Iran during the 11 months to Feb. 19, registering a 46% increase compared with the…

A joint business forum between traders of Iran and Turkmenistan is scheduled to be held concurrent with President Hassan Rouhani’s visit to Ashgabat from March 26 to 29, the news portal of Iran…

Social welfare, employment and production, and education are the top three expenditures in the government’s budget for the upcoming fiscal year (starting March 21), said the head of Planning and…