Economy

Iran Aseman Airlines will launch biweekly flights from Rasht, Gilan Province to the Georgian capital of Tbilisi on July 3, according to a statement on the official website of Rasht’s

Volkswagen AG plans to sell cars in Iran for the first time in 17 years, taking advantage of the easing of sanctions to expand amid concerns about stalling growth in Europe and China.

The…

Any driver without a personal auto policy will have his car confiscated by the police, as per a new directive approved by the Cabinet.

Based on the experience of countries that succeeded in absorbing foreign direct investment, incentives such as tax exemption, investment guarantees and customs facilitations play an important role…

The Central Bank of Iran has unveiled the blueprint based on which state-owned lenders must make their financial data publicly available in line with the government's efforts to boost transparency…

Sina Bank has established correspondent relations with 25 internationally recognized banks to benefit from their international experience and provide better services to customers, the bank’s…

The first quarter of the current fiscal year (March 21-June 2) saw cigarette production rise by 60%, imports fall by 75% and smuggling decline by 48% compared to last year’s corresponding period…

Two Mongolian meat companies, Eco Food Trading LLC and Darkhan Meat Foods LLC, have begun jointly exporting meat to Iran as part of an agreement to ship 4,000 tons of lamb meat. With around 61…

A lack of feasibility studies prior to constructing shopping malls in adherence to regulations in Iranian metropolises in the past few years has made them reach a saturation point, an executive…

More than 9.04 trillion rials (about $239 million) were invested in Qeshm Free Zone in the last Iranian year that ended on March 20, 2017, registering a 51% rise compared with the year before, the…

An insurance scheme has been launched for border couriers, a member of parliament, Rasoul Khezri has announced. Up to 18,000 border couriers are expected to be covered by an insurance program…

Close to one-third of Tehran Stock Exchange’s total market capitalization is held by 10 companies.

For the fifth time, Iran Privatization Organization failed to attract a buyer for an equity stake of Esfahan Steel Company.

When Iran signed its landmark deal with world powers in 2015, curbing its nuclear program in exchange for sanctions relief, many expected an investment gold rush.

But despite thousands of…

Tehran Stock Exchange’s main index shed 26.70 points or 0.03% to end Tuesday trade at 78,632.5.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About…

The Intex brand does not have much name recognition beyond India’s borders. In fact, the Indian smartphone maker has even struggled to compete in its home market — pushed aside by global players…

The 23rd International Exhibition of Electronics, Computer and E-Commerce (Elecomp 2017) will be held July 21-24 with hundreds local and foreign firms attending.

One of the prominent…

The Iranian Space Agency (ISA) has ended a planned launch of the low earth orbiting Mesbah telecommunications satellite citing formidable costs as the key reason.

Head of ISA said that due…

Nokia and Mobile Communications Company of Iran (MCI), the largest mobile network operator in the country, have signed a memorandum of understanding for developing 5G technology in Iran.

5G…

Dubai-based Souq.com, the United Arab Emirates’ biggest online retailer, says its sale to US-based Amazon has been completed. Souq.com said on Monday that users now could log into their website…

Iran’s national rail company, the Islamic Republic of Iran Railways, will sign a €1.2 billion deal with its Italian counterpart on July 11 to build a high-speed railroad between the cities of Qom…

The Center for Economic Research and Studies with the Iran Chamber of Commerce, Industries, Mines and Agriculture in a comprehensive report, has explored the role of monetary policy in economic…

The administration of President Hassan Rouhani will implement the longstanding policy of unifying Iran’s dual foreign exchange regime “at the first possible opportunity”, which will likely be…

Bank Melli Iran is set to gradually shed its excess assets currently worth 27 trillion rials ($714 million) after the clearance of legal hurdles, BMI’s deputy for logistics announced.

“In…

With interest rates once again in the spotlight, the head of Monetary and Banking Research Institute has proposed three strategies to deal with the punishingly high borrowing rates.

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