Economy

China’s state-backed Beijing Automotive Group (BAIC) will take its electric vehicle unit public by injecting it into another listed subsidiary, boosting its financial muscle as the battle for…

Arman Motor Kavir, local auto importer of Luxgen vehicles unveiled the new S5  model at the Isfahan Motor Show (Jan. 23-26) in the central city. The Taiwan automaker made a debut in Iran at…

Iran Khodro is set to export 5,000 cars to Belarus within the next five years, the minister of industries announced at the closing ceremony of the 14th Iran-Belarus Economic Commission which was…

Iran and Iraq have reached an agreement to jointly develop two shared oilfields in the southern Khuzestan Province, according to a deputy at the National Iranian Oil Company.

President Hassan Rouhani said Iran has sufficient foreign exchange reserves to overcome any turbulence in the currency market and prevent the national currency from depreciating further.

The share of digital transactions in Iran has reached 10% of the total volume of liquidity in the country by the end of the seventh month of the current fiscal year on Oct. 22.

Shaparak…

The second and final day of the biggest electronic banking event in Iran featured several international keynote speakers, included several side events and workshops, on Tuesday.

Bank Melli Iran, the nation’s biggest bank, is planning to establish a branch of its subsidiary Mir Business Bank–based in Russia– in Iran, a member of its board said.

Armenian Prime Minister Karen Karapetyan has called on Eurasian Economic Union member states to take advantage of preferential terms in Meghri Free Economic Zone and export goods to Iran.

Out of the 15 trillion rials ($325 million) earmarked for agricultural mechanization in the current Iranian year that started on March 21, 2017, 598 billion rials ($130 million) have been paid…

The government sold 4.54 trillion rials ($98.27 million) worth of public companies’ shares to the private sector in the first 10 months of the current fiscal year (March 21-Jan. 20). About 3.95…

Bank Saderat Iran is scheduled to hold its annual and extraordinary general meeting on Feb. 4, according to the bank’s announcement on Codal.ir.

Two back-to-back meetings will see…

Beef supply in the domestic market is sufficient but due to people’s low purchasing power, the sales are low, the head of Beef Sellers Union said.

“The stocks are full and there is no…

More than 82,450 tons of different kinds of seafood worth $283 million were exported from Iran in the nine months to Dec. 21, 2017, registering a 23% and 37% growth in weight and value…

In a bid to support domestic fish farmers, Chairman of Iran Fisheries Organization Hassan Salehi has sent a letter to the Ministry of Agriculture calling for a ban on imports of Tilapia for…

Iran exported $518 million worth of commodities to Africa in the nine months to Dec. 22, 2017, up by 23% compared with last year’s corresponding period.

Iran and Belarus traded $14.5 million worth of agricultural products during the 10 months to Oct. 31, 2017, to register a 58% increase compared with last year’s corresponding period.

IPhone demand will disappoint this year, according to another Wall Street analyst. Atlantic Equities lowered its rating for Apple shares to neutral from overweight on Monday, predicting weaker-…

Adobe said Monday that it is raising its earnings targets for fiscal 2018 due to the expected financial impacts of the Tax Cuts and Jobs Act, which reduced the US corporate income tax rate from…

Iran Polymer and Petrochemical Institute unveiled locally produced synthetic blood vessels and polymer wound dressings on Jan. 22. According to Mehr News Agency, the institute will launch the…

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being…

Tehran’s iconic Milad Tower on Monday hosted the largest banking event of the year, which whole-heartedly supported financial technology and innovative solutions to succor an economy…

Governor of the Central Bank of Iran Valiollah Seif assured markets on Monday that the big rally in foreign exchange rates is temporary and that the market will cool off.

Bank Maskan, the agent bank of the housing sector, is upbeat about emerging out of its years-long stagnancy, as 14.2 million housing bonds have been traded by the end of the 10th month of the…

Trade Capital Bank, Tejarat Bank’s affiliate in Belarus, has active banking ties with its counterparts in the Eastern European nation, according to the minister of industries, mining and trade…