Economy

The US dollar was sold for 39,540 rials on Thursday, resuming the rally that had gripped the market after Donald Trump’s election victory last month.  

The council of the Islamic Financial Services Board (IFSB) announced the appointment of the Central Bank of Iran’s governor as its chairman for 2017.

Iranian banks have started talks with Tehran Stock Exchange to resume the trading of their stocks hit with a multiple-month suspension, the deputy head of Bank Mellat said.

Export Development Bank of Iran and Indonesia’s Eximbank signed an agreement to expand collaborations, on the sidelines of Indonesian President Joko Widodo’s visit to Tehran on Wednesday.

Iran’s huge steel growth plan is not yet disrupting the seaborne iron ore pellet markets and is not expected to do so in the near term, steel and iron ore market sources say.

Iranian semis exporters have benefited from the surge in Chinese billet prices, seen over the past three weeks.

Suppliers have managed to sign export contracts at higher levels, but the…

Iran’s Aseman Airlines has agreed to lease seven Airbus jets, Reuters quoted two aviation industry sources as saying on Thursday, scotching earlier reports that Iran had agreed to buy the aircraft…

Indian multinational pharmaceutical and biotechnology company Cipla says its subsidiary in the Netherlands will pump in €16.8 million to form a joint venture with its Iranian distributor, Ahran…

Tehran Stock Exchange’s benchmark index shed 657.4 points or 0.81% during the week that ended December 14 to end at 80,683.6.

IFX, the over-the-counter Iran Fara Bourse’s main index, added…

Rouyesh Lotus, Iran’s first venture capital trust to get listed, will open for underwriting on Iran Fara Bourse on Monday, says Lotus Parsian Investment Bank’s chief executive.

Iran’s dip…

Managing Director of Ports and Maritime Organization of Iran Mohammad Saeed-Nejad said PMO expects to attract $700 million worth of investments within the next two years.

Kellogg has reintroduced its breakfast cereals and snack brand Pringles into Iran.

The US food giant had sold the products in Iran before the imposition of sanctions on the country in 2012…

The biggest greenhouse in the south of Iran was launched on Thursday in Roudan County of Hormozgan Province, in a ceremony attended by Agriculture Minister Mahmoud Hojjati.

The greenhouse—…

Deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, Pedram Soltani, has been elected to serve as a member of the General Council of the World Chambers Federation, which…

More than 360 cages have been set up in the Persian Gulf and the Sea of Oman in the south, and the Caspian Sea in the north, the agriculture minister said.

“We are planning to increase our…

Iran and Indonesia intend to reach $2 billion in bilateral trade next year, said Iran’s minister of communications and information technology. Mahmoud Vaezi was speaking at a joint economic forum…

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi met Turkish Minister of Economy Nihat Zeybekci in Istanbul on Thursday to negotiate revision of a preferential trade…

The entire domestic demand for coated paper, amounting to 40,000 tons annually, is supplied by imports.

Foreign products also meet 70% of the domestic need for cardboard that stands at 300,…

Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.0-liter diesel US vehicles, in a landmark payout for the German firm.

The agreement is…

Ssangyong Motors, one of the largest South Korea-based automobile manufacturers, announced that in the first 11 months of 2016 it sold 6,823 cars to Iran.

According to a statement released…

Production of six cars has been discontinued by local auto factories. All the vehicles were made in or imported from China. Modiran Vehicle Manufacturing (MVM) pulled the breaks on the family…

An Iranian firm is selling its latest CNG kit for the two-wheeler vehicles in the Indian city of Surat.  Officials from ITUK Manufacturing India Limited, a subsidiary of TUK Manufacturing…

Iran’s largest automaker, Iran Khodro, is planning to tender a 33.7% block of its voting shares in Bank Parsian, according to a letter sent by Kamran Ataei, the deputy head of IKCO, to the…

The research arm of the Iranian Parliament has published a first-of-its-kind report detailing six reasons why the Banking Reform Bill–a scheme for undertaking major reforms in the banking sector–…

The state commission for infrastructure-related affairs has approved the annual construction of 100,000 housing units for low-income groups in the framework of Social Housing Plan, announced the…