Economy

Minister of Economic Affairs and Finance Masoud Karbasian and Governor of the Central Bank of Iran Valiollah Seif have jointly signed a directive regarding bank balance sheets that could finally…

Tehran Stock Exchange’s main index shed 71.90 points or 0.08% to end Monday trade at 85,516.9.

About 801 million shares valued at $63.078 million changed hands for the day.

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The shortcomings of Iran’s Health Reform Plan were not limited to international sanctions and lower crude prices. As it turned out, domestic policymaking also played a big role.

In 2014…

Iran Zinc Mines Development Company’s subsidiaries produced a total of 8,198 tons of zinc ingots during the sixth month of the current fiscal year (Aug. 23-Sept. 22)–a record monthly high in…

Iran’s largest steel exporter Khouzestan Steel Company recorded a robust growth in its sales value for the first half of the current fiscal year (March 21-Sept. 22), marking a rise of 51.04% to…

More than 42,100 tons of lettuce worth over 334.2 billion rials ($10 million) were exported from Iran during the five months to August 22, figures released by the Islamic Republic of Iran…

The link between mental health and economic productivity is well established.

The World Health Organization released the first-ever comprehensive study in April 2016, which estimated the…

A 30-member commercial delegation from Iran’s private sector headed by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei left Tehran for Madrid, Spain…

Foroud Asgari, the new head of the Islamic Republic of Iran Customs Administration, left Iran for Turkey at the head of a delegation to meet the neighboring country’s deputy ministers of customs…

Renault-Nissan and Kia are the latest car companies to launch car trade-in schemes, aimed at persuading customers to swap older, more polluting, car models for new ones.

Earlier…

Hungarian bus manufacturer Ikarus is set to re-enter Iran after years of absence.

The Budapest-based company has signed an import agreement with the City Industries and Mines Development…

Iran Khodro started presales of its newly unveiled small crossover Haima S5 without announcing the final price. The down payment for the car is 370 million rials ($9,600), local news website…

The retail and sugar sectors were the top performers of the equity market in the first half of the current fiscal year (March 21-Sept. 22) with average returns of 73% and 67% in H1.

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Like the rest of the world, Iranian fintech companies are growing fast, but a member of the Iranian Fintech Association said regulations have failed to keep up with them. “A notable difference…

Some 4,200 state-owned companies’ bank accounts have been transferred to the Central Bank of Iran since March 6, 2017, when President Hassan Rouhani issued the landmark directive aimed at…

Bpifrance, the country’s state investment bank, will finance projects of French companies in Iran from 2018, granting up to €500 million ($598 million) in annual credits, its CEO said in a…

The member states of BRICS, the association of five major emerging economies, have each upgraded Iran's risk rating to pre-sanctions levels, the deputy head of Export Guarantee Fund of Iran said…

Iran is one of the leading cosmetic markets in the Middle East and Africa region and is expected to be the fastest growing region during the next eight years as the number of potential customers…

Close to 136,500 tons of tomatoes worth more than 1.14 trillion rials ($35 million) were exported from Iran during the five months to August 22, the Islamic Republic of Iran Customs…

Iran will be connected to the financial services system of the Universal Postal Union, which is similar to global transaction network SWIFT, the chief executive of Iran Post Company said.

More than 240 tons of home theater systems worth over 53.6 billion rials ($1.65 million) were imported into Iran from three countries during the five months to August 22, figures released by the…

The first conference between Iranian and Canadian businessmen held in Montreal, Canada, on Saturday was organized by Canada and Iran Businessmen Association with the aim of introducing trade and…

It’s a fairly straightforward scenario. Weakening a domestic currency stimulates the country’s exports and makes imports more expensive—a desirable route to shape an export-…

Iran’s equity market witnessed the sixth initial public offering of the current fiscal year (March 2017-18) on Saturday, as 10% of Rishmac Company’s shares were offered to the public.

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Iran’s semi-finished steel exports during the first five months of the current fiscal year (March 21-Aug. 22) stood at 2.7 million tons, up 89% year-on-year, according to the Iranian Steel…