Economy

The Central Bank of Iran has played a significant and effective role in implementing Basel II and III standards in the banking system, a board member of Bank Maskan said.

A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran's deputy for foreign exchange affairs announced.

"These banks will be able to open…

Governor of the Central Bank of Iran Valiollah Seif has outlined four troublesome areas for the Iranian banking system and what is currently being done to effectively address them.

For the last 15 years, Iran’s total production of dates has stood at 1 million tons per annum while domestic demand is 600,000 tons, the secretary-general of the National Association of Iran’s…

Pests and diseases as well as natural disasters caused 12 trillion rials ($320 million) in damages to orchards and lost revenues in the last Iranian year (ended March 20, 2017), the deputy head of…

Iran’s Minister of Economy and Financial Affairs Ali Tayyebnia left Tehran for Beijing on Saturday to attend the so-called “One Belt, One Road” summit starting May 14. The two-day forum is…

The export of eggs from Iran remains hard to crack, even after the country was reported to be clean of the highly contagious H5N8 bird flu virus.

The economic policies of French President-Elect Emmanuel Macron could help forge good relations between France and Iran, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture…

Shadegan Steel Plant’s direct iron reduction unit is scheduled to be inaugurated on Sunday by President of Iranian Mines and Mining Industries Development and Renovation Organization Masoud…

A total of 96,000 tons of goods were transited by road between Iran and Russia during the first three months of 2017, up 21.7% year-on-year. Russian trucks accounted for 83% of the overall goods…

The Iranian steel market’s demand for flat products is being met through imports, as local producers operate below production capacity.

Stating the above, Seyyed Reza Shahrestani, a member…

Iran’s largest steel producer, Mobarakeh Steel Company, has bought a further 16.1% stake in Mines and Metals Development Investment Company from a semi-governmental retirement fund.

The Iranian Mines and Mining Industries Development and Renovation Organization is organizing a forum in Tehran on Monday to survey opportunities for cooperation between Iran and Latin American…

Tehran Stock Exchange’s benchmark pulled higher 73.00 points or 0.12% to reach 63,000.4 at the Saturday’s close.

More than 600 million shares changed hands valued at $29.6 million to record…

New-car sales in Russia rose 6.9% to 129,476 in March as the market’s rebound gathered momentum after four years of falling demand. Registration increased to 129,476, according to data from the…

The first batch of Renault’s new model of a luxury SUV, Koleos entered Iran over the weekend.

Negin Khodro, the official dealership of imported Renault vehicles in Iran, will sell the model…

Automotive giant Iran Khodro has imported several units of the S30 sedan produced by Chinese Dongfeng Motor Corporation, as part of a test drive.

IKCO first showcased the model painted in…

 The Industrial Development and Renovation Organization of Iran (IDRO) is establishing an auto production factory in Damghan city in Semnan Province.

The plant will be set up in…

Iranian-Chinese joint venture MG Pars has begun testing its new vehicle, the MG360 in Tabriz this week. The company will soon take pre-orders of the new sedan.

It will be priced at 530…

Economic relations between Iran and Japan will enter a new phase after a planned $10 billion credit line is opened, said a senior assistant to the dean of Asian Development Bank Institute in Japan…

Rents will not experience a significant increase this year, as the presidential elections on May 19 will give impetus to the beleaguered housing sector, the head of Tehran Association of…

Bank Sepah attracted deposits worth 650 trillion rials ($17.3 billion) in the last Iranian year (ended March 20, 2017), registering a growth of 29% compared with the previous year’s figure, the…

President Hassan Rouhani has been successful in focusing on small businesses as the volume of bank guarantees in their support has witnessed a significant rise, a report published by the Ministry…

During the first month of the new Iranian year to April 20, the lion's share of the banking system's business lending–at 70.7%–went to meet the working capital demands of enterprises.

Iran’s rail cargo transportation capacity has reached 156,000 tons per day in the current Iranian year (March 2017-18), up 56% compared with the previous year (March 2016-17), according to an…