Economy

Boosting banking relations with Britain is a top priority of Trade Promotion Organization of Iran, as it will facilitate transactions between the two countries’ companies, the organization’s…

By keeping the rial overvalued, the administration is in fact subsidizing foreign imports at the expense of domestic production, the head of Tehran Chamber of Commerce, Industries, Mines and…

In the Iranian banking world, the IFRS fever has been running high in the past few months.

While almost everyone agrees with its implementation, there seems to be relatively little…

Tehran Stock Exchange's main index gained 513.40 points or 0.58% to end Tuesday trade at 88,774.2.

About 1.65 billion shares valued at $108.8 million changed hands in the day.

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A total of 17 foreign apparel brands have acquired licenses to sell in Iran and 14 others are in the process of obtaining the same, the Ministry of Industries, Mining and Trade’s Director…

It took a while, but the Central Bank of Iran’s crackdown on regulating interest rates finally paid off and now the changes seem to have trickled down to the debt market.

This could…

Iranian steel mills produced 17.9 million tons of steel since the beginning of January up to the end of October, showing a rise of 20.9% compared with last year’s corresponding period, the…

BGF Retail Company, the operator of South Korea’s largest convenience store chain CU, said on Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience…

The temporary ban on rice imports has been lifted from Nov. 22 up until July 22, 2018, as per a directive by the Ministry of Industries, Mining and Trade issued on Tuesday.

More than 8.87 million tons of wheat worth 116 trillion rials ($2.83 billion) have been purchased from local farmers by the government since the beginning of the current Iranian year (March 21…

Minister of Industries, Mining and Trade Mohammad Shariatmadari reappointed Mojtaba Khosrotaj as the chairman of Trade Promotion Organization of Iran. Khosrotaj has earlier served as deputy…

Phase 1 of the development project of Shahid Beheshti Port in Chabahar located in southeastern Sistan-Baluchestan Province will be inaugurated in the next two weeks, managing director of Ports…

Iran’s cigarette production is expected to meet 93% of domestic demand by the end of the current Iranian year (March 20, 2018), up from the current 83%, the head of Tobacco Planning and…

The recent earthquake that hit western Iran inflicted losses estimated to be 8 trillion rials ($200 million) on the agriculture sector of Kermanshah Province, the head of Kermanshah Agricultural…

A senior Iranian official announced that there are no significant banking issues with China and the UAE, as hurdles with Turkish Halkbank are being removed.

The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better trade in foreign…

Gold coin prices recorded multiple rallies in the past month to reach their highest value in Tehran’s market on Monday. After significant leaps in recent days, Emami gold coin fetched 14.41…

President Hassan Rouhani has presented two bills for making amendments to the current Law of Combating the Financing of Terrorism and the Law of Anti-Money Laundering.

The revenues of the Islamic Republic of Iran Customs Administration during the first half of the current Iranian year (March 21-Sept. 22) rose 37% to reach 160 trillion rials ($4 billion).…

Close to 7,350 tons of different kinds of soap worth more than 234.5 billion rials ($7.2 million) were exported from Iran to 20 countries during the first half of the current Iranian year (March…

Iran will host the 13th Regional Summit of the International Cooperative Alliance in November 2018.

The ICA summit will be attended by representatives of Asian countries, Australia and…

Modern irrigation systems have been installed over nearly 85,900 hectares of farmland in Iran during the seven months to Oct. 22, registering a 170% hike compared with the corresponding period…

Trade Promotion Organization of Iran, affiliated with the Ministry of Industries, Mining and Trade, recently carried out a study evaluating the performance of the top 113 private Iranian export…

South Korea was Iran's fourth biggest export destination (after China, Iraq, the UAE) and also the fourth biggest exporter to Iran (after China, the UAE and Turkey) during the seven months to…

Some 100 companies from China, Germany, Denmark, Finland, France, Russia, Japan, Serbia, South Korea, Spain, Switzerland, Sweden, the UAE, Hong Kong and the UK have expressed their readiness to…