Economy

The Central Bank of Iran in its latest directive publicized on Saturday obligates all certified financial institutions to establish an independent compliance department, as it moves to plug the…

More than 650,500 tons of barley worth close to 3.82 billion ($117.21 million) were imported into Iran during the five months to Aug. 22, based on figures released by the Islamic Republic of…

Railroad entities of Iran, Azerbaijan, Russia and Belarus signed an agreement to expand the International North-South Transport Corridor. The corridor is a 7,200-km multimodal network of ship,…

A four-day exhibition of Iranian goods and services will be held in Istanbul on Oct. 25

Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari and Turkish Economy…

South Africa’s Department of Trade and Industry and its Iranian counterpart will host the South Africa-Iran Business Forum at the Department of International Relations and Cooperation in…

The Islamic Republic of Iran Customs Administration incurred losses worth $625 million in the last Iranian year (March 2016-17) over the smuggling of cellphones into the county, the director…

Close to 16,000 tons of chicken meat worth more than 312.96 billion rials ($9.62 million) were exported from Iran during the five months to Aug. 22, figures released by the Islamic Republic of…

Iran’s National Export Day was marked in a ceremony held in Tehran on Saturday.

Tehran Stock Exchange’s main index scored 662.60 points or 0.77% to end Saturday trade at 86,430.6.

TEDPIX crossed its 45-month record high of 85,700.6 registered on Jan. 15, 2014. The…

BMW’s headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort…

Private domestic automaker Bahman Group says its latest sedan Besturn B30 will arrive in the market this week. The firm unveiled the model and started presales during the Mashhad Motor Show in…

Head of Iran National Standards Organization has reiterated that “Production lines of all low-quality cars will be halted by 2019.”

Following several rounds of negotiations between Iranian and Turkish officials, governors of the two countries’ central banks announced on Thursday that the final agreement for conducting…

A special multilateral task group is amending regulations to usher the services of leasing companies into the Iranian housing market in the foreseeable future, the secretary-general of Iranian…

After the recent rally that considerably pushed up the value of most highly-traded currencies, Tehran’s foreign exchange market is currently experiencing steady days.  

According to…

The South Pars mega project has registered a work-in-progress rate of 85% and the rest will be completed by March 2019, the end of the next Iranian year, managing director of Pars Oil and Gas…

Tehran Stock Exchange’s main index TEDPIX gained 1,024 points or 1.2% during the fourth week of the Iranian month that ended on October 18 to close at 85,768.

This is the first week the…

Iran and the Iraqi Kurdistan Regional Government have historically been on good terms, as Iran was one of the main countries to host Kurdish leaders during the Saddam Hussein years and helped…

Land under cotton cultivation in Iran had decreased by over 75% from the fiscal 2001-2 to 2015-16 to reach from 300,000 hectares to 70,000 hectares, turning Iran from a cotton exporter to…

Khorasan Razavi Province in northeastern Iran is estimated to produce 250-260 tons of dried saffron from 82,000 hectares in the current Iranian year (started March 21), the head of Khorasan…

US Secretary of State Rex Tillerson said the Trump administration is not seeking to disrupt European business deals with Iran, offering a message of reassurance following US President Donald…

A glance at Iran’s meat packing industry shows red meat production in the country has been climbing during the six years to March 20, 2017, narrowing the gap between…

Armenia has recorded an unprecedented growth in exports to Iran in Jan.-Aug.

As part of the visit of a delegation from Uzbekistan to Iran on Oct. 18 and following a joint business forum there, the two countries’ entrepreneurs signed agreements worth $25.5 million on the…

Over the first nine months of 2017, exports of Russian wheat, rye and corn to Iran through Makhachkala Sea commercial port grew by almost 30%, reaching 220,000 tons, the press service of the…