Economy

Yerevan-based Mellat Bank CJSC, fully owned by Iran’s Bank Mellat, has increased its authorized capital in compliance with the new requirement of the central Bank of Armenia, Mohammad Bigdeli,…

Iran’s economy will not emerge out of the recession until the financial system is first pulled out of its current crisis mode, says a former official with the Central Bank of Iran.

A delegation from the Central Bank of Iran met with Indonesian officials to build banking ties and expand commerce between the two countries.

Esfahan Steel Company has cancelled the inauguration of its rail production line scheduled on Saturday. ESCO did not elaborate on the reason for the cancellation, neither did the company specify…

Experts argue that raising the tariff bulwark against steel dumping has been effective.

When those 2016 Year in Review pieces start appearing, one of the news stories featured will be the resumption of business and commercial interests in Iran, after years of that nation being off-…

Tehran Stock Exchange’s main index gained 1,041.10 points or 1.31% to end Saturday trade at 80,340.7.

More than 1.2 billion shares valued at $77.3 million changed hands for the day.

…

Renault’s Mouna Sepehri, the top-ranking woman in Europe’s auto industry, sees transactions such as partner Nissan Motor’s purchase of a $2.3 billion stake in Mitsubishi Motors as adding much-…

Russia’s analytic agency AUTOSTAT conducted a study of the Russian new-car market’s taste for the Lada XRAY crossover built by Renault-owned AvtoVAZ in September and some of the results were…

Spanish-based SEAT, which is a subsidiary of Germany’s Volkswagen, arrived in Iran with two models of a medium family-sized car, the Leon, on Oct. 24.

The model, which is seen as a rival to…

Iran’s Auto Policymaking Council has issued a new report on production, exports and customer satisfaction earlier this week.

Sasan Qorbani, the spokesperson of the council, reported that…

West Azarbaijan Province exports 1,500 tons of honey worth $6 million to Turkey, Iraq, Azerbaijan Republic, China, Kuwait, the UAE and East Asian countries annually, says the head of the…

Trade turnover between Russia and Iran in the first eight months of 2016 was 1.5 times higher than that during the same period of last year, Russian Foreign Minister Sergey Lavrov said on Friday…

Container shipper Islamic Republic of Iran Shipping Lines Chairman Mohammad Saeidi expects the firm to have recuperated by the middle of next year the business lost while Iran was subject to…

State-run Air India Ltd. plans to restart flights to Iran suspended nearly two decades ago because of turmoil in the Middle East and western-backed sanctions against Iran over its nuclear program…

Realtors in Tehran registered 10,325 residential property deals during the month to October 21, marking a 10.6% drop in the total number of home sales compared with the same period last year.

Gold coin prices registered growth in the past week. Bahar Azadi was traded at 11.06 million rials ($348.6) on Thursday, up from10.95 million rials ($344) at the start of the trade week on…

In February, immediately after the implementation of the nuclear deal, dubbed as the Joint Comprehensive Plan of Action, Iran placed orders to purchase dozens of long-distance European jets to…

Turkey’s Minister of Food, Agriculture and Livestock Faruk Celik emphasized potential opportunities for agricultural trade with Iran.

Esfahan Steel Company is scheduled to officially launch its rail production line today.

First Vice President Es’haq Jahangiri is to visit the state-run company and inaugurate the protracted…

Shares rose in Tehran Stock Exchange this week, as the rial sank to a 10-month low against the dollar on Wednesday, with the TSE’s main index ending the week at its highest since mid-April.

The second track for the railroad connecting the city of Ahvaz to the Persian Gulf port of Imam Khomeini—both in southern Khuzestan Province—was inaugurated on Thursday.

The Dial is Microsoft’s coolest input device ever, a silver puck accompanying the new Surface Studio computer.

The gadget, which sits on the Studio’s 28-inch screen and twists like a…

The Communications Regulatory Agency of Iran issued import permits for 26 electronics last week.

The permits included 3 models of iPhone, namely the latest iPhone7, iPhone SE and iPhone 6S…

Heading an Iranian delegation, Ali Asghar Amidian, the head of Iran’s Communications Regulatory Authority, attended the Third Global Standard Symposium in Tunisia. Held in Hammamet, the symposium…