Economy

Officials from Apex-Brasil (Brazilian business export agency) and Sindipecas (Brazilian auto parts makers’ guild are on a trade mission in Tehran to explore business prospects.

Offered by Karmania — a local car company and the official representative of China’s BYD — sport utility vehicle S6 will hit Iran roads in June.

Initially, the presold units of the model…

The Export Development Bank of Iran – the country’s Eximbank– has opened 30 accounts in major foreign banks besides having established 120 correspondent relations with major international…

The Iranian public will gradually begin to tangibly feel the effects of sanctions relief as a result of the nuclear accord, as all major industries register continued growth, the Central Bank of…

In order to expand business relations between Iranian and African investors and increase trade volume, African investors will attend a conference in Iran within two months, said an advisor to…

Bank of Industry and Mine plays an effective role in boosting industries across the country through financing various projects and creating many job opportunities by opening lines of credit worth…

The Central Bank of Iran will focus on managing banking interest rates and preventing a price war among other things for the four-year tenure of the next administration, the head of which will be…

A joint economic forum between Iran and South Africa was held in the headquarters of Tehran Chamber of Commerce, Industries, Mines and Agriculture on Sunday.

A delegation from South Africa’…

The Fifth International Exhibition of Rail Transportation, Related Industries and Equipment opens in Tehran International Permanent Fairground on Monday and runs until May 18.

Dairy products had the biggest share in Iran's food exports in the last Iranian year (ended March 20, 2017).

Experts believe dairy products can play a considerable role in Iran's non-oil…

Esfahan Steel Company inaugurated its iron ore beneficiation plant last week.

According to ESCO’s deputy head, Hassan Zia, the beneficiation plant has a processing capacity of 200…

The Ministry of Roads and Urban Development plans to establish a transportation development fund by the end of the incumbent government’s tenure.

Tehran Stock Exchange’s main index lost 179.00 points or 0.22% to end Sunday trade at 79,963.0.

More than 960 million shares valued at $62.9 million changed hands for the day.

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The government has bought some 28,000 tons of fresh tea leaves worth 650 billion rials ($17.3 million) from local farmers in northern Iran so far this year (started March 21), from which 6,300…

The export of Iran’s five main commodities shipped to the European Union has seen a significant increase in value in the last Iranian year (ended March 20, 2017), compared with the average…

Trade between Iran and Afghanistan has nearly doubled over the past three years, Afghan Ministry of Commerce and Industries Spokesman Musafer Qoqandi said.

“Official figures put Iran-…

An Iran-Armenia-Russia-Georgia business chamber will be established in 2017 with the involvement of state bodies and businessmen from the respective countries, Vruyr Penesyan, initiator and…

Portable electronic point-of-sale devices were advertised on prime time state TV Saturday by the company that has been given the license to promote the brand.

A mobile POS is a smartphone,…

A new Iranian startup called Hypertire.com has gone online with the promise of cheaper and better quality tires that "fit quickly to vehicles."

Hypertire was launched in Tehran at the…

The registration process for participating in the Sevan Startup Summit 2017 in Armenia has started with organizers welcoming teams from around the globe, including Iran.

Italy's antitrust watchdog said on Friday it was imposing a €3 million- ($3.3 million) fine on messaging service WhatsApp for allegedly obliging users to agree to sharing their personal data with…

Iran’s ATA Airlines has reached an agreement with Brazilian planemaker Embraer to purchase 10 new passenger planes, the carrier confirmed over the telephone to the Financial Tribune.

ATA…

Iran Air will receive four new ATR planes by Friday, deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, said.

These will be the first deliveries out of a massive order…

The Central Insurance of Iran has finalized the assessment of insurance firms, selecting the top three companies during a conference on information technology and insurance, the Central Insurance…

One of the biggest hurdles of foreign investment is multiple forex rates since investors cannot be sure of the value of their investment when they intend to repatriate it out of the country, a…