Economy

Saman Bank has become the first Iranian lender to receive training in Compliance and Financial Crime Prevention based on the International Compliance Association standards.

This is the…

A cooperation agreement has been signed by Tejarat Bank and China Development Bank, based on which the Chinese lender will provide a $300 million loan to finance Iranian projects in the latest…

Iran Khodro, a local car producer which assembles a range of different vehicles, has started a new Peugeot Pars production line in western Kermanshah Province.

The factory in the city of…

Iran’s Deputy Foreign Minister for African Affairs announced an upcoming deal with the Senegalese government to upgrade the country’s taxi fleet during his visit to Dakar.

Elon Musk, founder and CEO of Tesla has teased the company’s first all-electric semi-truck in a TED talk held in Vancouver, Canada.

Musk said “the truck was in its prototype phase and the…

Chery’s new Arrizo 5e electric vehicle, based on the Arrizo 5 gasoline sedan, can drive 410 kilometers, according to the company, following its showcase at the Shanghai auto show last month.

France’s CMA CGM, the world’s third largest container shipping group, has launched a Tehran office. “CMA CGM Group has appointed CMA CGM Pars as its new agency in Iran as of May 1, 2017,” reads a…

Iran is in various stages of integrating its bank card system with five countries for the citizens of both sides to be able to use their bank cards in each other's countries, the head of…

Majlis Economic Commission coordinated a meeting between a Thai economic delegation and the Central Bank of Iran to inform the former of Iran’s economic regulations and latest statistics.

In order to improve banking relations and implement agreements signed by the two countries’ central bank governors last year, banking officials of Iran and Iraq signed a memorandum of…

Demand for gold jewelry in Iran jumped 27% compared to last year to a four-year high of 12.9 tons, helped by the country’s economic improvement in the wake of sanctions relief…

The involvement of companies affiliated to Islamic Revolution Mostazafan Foundation in Iraq’s development projects will pave the way for the entry of Iranian private sector into the neighboring…

The Industrial Development and Renovation Organization of Iran signed on Wednesday a memorandum of understanding with the largest employer federation in France, MEDEF, to cooperate in industrial…

The general outlines of the amended “Sixth Five-Year Economic, Cultural and Social Development Plan (fiscal 2017-22)” bill was approved by the parliament late last year (ended March 20, 2016) and…

Minister of Roads and Urban Development Abbas Akhoundi said the under-construction railroad connection between Qazvin and Rasht will be completed and come on stream by the end of summer.

Government revenues from mining operations in Hormozgan Province stood at 150 billion rials ($3.94 million) in the last fiscal year (March 2016-17), indicating a 79% growth compared to the year…

To raise cash subsidy payments to 2.5 million rials (about $66) per head, the prices of energy carriers need to rise sixfold.

The upward trend in the global flat steel market has affected Iranian flat steel prices, but buyers are still looking for discounts, Metal Bulletin learnt on May 3.

Russian steelmaker MMK…

Tehran Stock Exchange’s main index gained 372 points or 0.5% during the week that ended May 3 to close at 79,969.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, gained 15 points or…

European governments are under pressure to pursue their own policies and interests in Iran and other countries of the Middle East separate from the US, partly because of fears over the…

Armenia’s State Revenue Committee has begun the modernization of a border crossing near the southern town of Meghri on the border with Iran. According to Armen Sakapetyan, the deputy chief of…

Ahmed Subhi from Baghdad is riding high on his smartphone app called Wajbety (My Meal), a service similar to Iran’s Reyhoon and ZoodFood which uses a smartphone application to place an order for…

Over-the-air Internet provider Mobinnet has launched 4G Internet services in Iran’s northern region of Gorgan, according to reports in local media.

The service launched on May 3, is the…

New Mobile Virtual Network Operator (MVNO) SamanTel has launched its pricing structure for calls, SMS and Internet as part of a push to become one of the first virtual operators to establish its…

A new website called Dideo.ir, which uses a meta search engine to scour the Internet’s biggest video websites, has been launched by students at Iran’s Sharif University of Technology in Tehran…