Profiting from higher global energy prices, Iran is shipping out larger volumes of gas condensates, a type of ultra light crude, on the strength of additional supplies from the giant South Pars…
Economy
Economy
Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.
Iran shipped 60% of its crude exports to…
Economy
Apple Inc’s chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan ($16.93 billion), representing roughly a quarter of…
Economy
Samsung Electronics’ $8 billion purchase of audio electronics company Harman has given the technology conglomerate confidence to chase more big deals, its strategy chief said on Friday.
Economy
Iran’s largest ride-hailing company, Snapp, has expanded into four northeastern cities. The company launched services in Babol, Sari, Qaemshahr and Rasht after its successful launch in other…
Economy
BlackBerry has accepted an International Chamber of Commerce (ICC) decision that the company must pay Nokia $137 million due to a contract dispute.
The latter allegedly accused the…
Economy
According to the Ministry of Industries, Mining and Trade, 44,719 jobs were created in 27 industrial fields in Iran during the first half of the current fiscal year (March 21-Sept. 22),…
Economy
Russian Prime Minister Dmitry Medvedev has welcomed Iran’s accession to Shanghai Cooperation Organization, saying Moscow sees no obstacle to Iran’s full membership in the organization.
Economy
China, Iraq, the UAE, South Korea and Afghanistan were Iran’s top export destinations in the descending order over the eight months of the current fiscal year (March 21-Nov. 21), the latest…
Economy
President Hassan Rouhani, who is visiting the southeastern province of Sistan-Baluchestan, inaugurated the first phase of Chabahar’s Shahid Beheshti Port on Sunday.
Economy
Italy concluded a series of commercial talks with Iran this week, strengthening ties with the Middle Eastern country, despite the United States adopting a more hardline approach toward Tehran.…
Economy
Senior ministerial officials of Iran and the Netherlands signed a joint plan of action on expansion of bilateral economic ties in the coming year.
Economy
In light of Iranian banks’ expanded international role in the post-sanctions era, the volume of Bank Melli Iran’s forex transactions exceeded $3 billion during the first 100 days of the second…
Economy
Six Iranian lenders are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’ Excess Assets, aka…
Economy
The minister of communications and information technology has announced that Iran's infrastructures are ready for the implementation of digital banking.
Economy
The development of Islamic financial system in the Muslim world and the use of science, technology and innovation within the framework of Islamic finance to boost sustainable development were…
Economy
Governor of the Central Bank of Iran Valiollah Seif has again backed the possibility of mergers in the Iranian banking industry that badly needs reforms to address its many challenges. Seif also…
Economy
A total of 98.14 million tons of oil and non-oil goods were loaded and unloaded in Iranian ports during the eight months of the current Iranian year (March 21-Nov. 21), the managing director of…
Economy
The Iranian debt market is struggling to grow while grappling with the traditional dominance of large banks in terms of financing.
It also suffers from a lack of transparency and…
Economy
The Eighth Iranian Steel Market Conference is only a few months away and Iranian government officials and industry players convened on Saturday to review ISMC 2018’s agenda and general outlook…
Economy
Tehran Stock Exchange’s main index gained 144.50 points or 0.16% to end Saturday trade at 91,296.7.
About 589 million shares valued at $86.38 million changed hands for the day.
…
Economy
Volvo Trucks plans to sell its FH16 heavy-duty truck in Iran that will be imported in collaboration with SAIPA Diesel company.
SAIPA Diesel deputy marketing manager Ahmad Heidari says, “…
Economy
Auto parts imports jumped 83% year-on-year during the first eight months of the current fiscal that ends in March. Data published on the website of the Islamic Republic of Iran Customs…
Economy
General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of…
Economy
Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with…
Economy
