Economy

Turkish companies’ garment exports to Iran hit $237 million in the first eight months of 2016, with a 219% increase compared with the same period of a year before, the president of Istanbul …

Close to 1.1 million households participated online in the eighth round of the National Population and Housing Census since it began on Sept. 24 up to 6 a.m. on Oct. 3, according to the head of…

A high-ranking delegation from France’s Peugeot-Citroen (PSA Group) will visit Iran this week to launch the “executive phase” of the new joint venture with Iran Khodro Company, known as IKAP.

The 20th edition of Tabriz Automobile Industry and Spare Parts Trade Fair was held in the Iranian province of East Azarbaijan.

Representatives of several local and foreign firms took part…

SAIPA, Iran’s second largest auto manufacturer, is to produce a new Chinese mini-car in the country.Asbe Bokhar, a local automotive website, reported on September 29 that a Changan Benni has been…

Volkswagen’s sub-brand Skoda is reportedly entering the Iranian auto market by mid-2017, which confirms comments from the German-Iranian Chamber of Commerce that the brand will start production…

The Central Bank of Iran is studying eight new measures to strengthen its supervision over the banking system, CBI’s deputy for supervisory affairs announced on Sunday.   

“The…

Many banks around the world are gearing up for new business with Iran after years of sanctions were lifted in January. Not so the state-owned UCO Bank Ltd., which is forecasting lower profit after…

Bank Muscat has opened accounts for Iran’s Sina Bank, which allows the lender to open credit lines and offer bank guarantees in euro and the Omani rial. The two banks also agreed to start…

The Central Bank of Iran is trying to link domestic bank cards with neighboring countries, “as a part of the banking sector’s plans to help promote the tourism industry in Iran,” said CBI governor…

Tehran Stock Exchange’s main index lost 191.20 points or 0.25% to end Sunday trade at 77,287.6.

More than 1 billion shares valued at $55.4 million changed hands for the day.

Pars…

The National Iranian Oil Products Distribution Company said it will implement its previously postponed method for domestic airlines’ jet fuel payment as of October 22.

IRNA quoted NIOPDC…

Iranian buyers’ resistance to local suppliers’ attempts to raise steel prices is the main blockage to a market recovery.

Mills with high inventories have no option but to reduce their…

Exports of non-oil goods and services are estimated to reach $130 billion annually by the end of the sixth five-year development plan (2016-21), according to the deputy minister of industries,…

Iran’s sovereign wealth fund is becoming wealthier due to the oil producer’s increased sales, though low oil prices are slowing its growth.

The National Development Fund of Iran currently…

Over 2.5 million tons of minerals were extracted from Chaharmahal- Bakhtiari Province’s 102 active mines in the first half of the current fiscal year (started March 20), announced the head of the…

More than 71.27 million tons of goods were loaded and unloaded in Iranian ports during the first half of the current Iranian year (started March 20). According to a Mehr New Agency report, which…

The largest tourism conference in Iran kicked off on Sunday in Tehran in the latest bid by officials to entice foreign investors into financing hotel projects.

Iran’s exclusive exhibition is scheduled to open in Kazakhstan’s city of Shymkent today, the head of Khorasan Razavi Industries, Mining and Trade Organization said.

Iran’s tourism authority has announced a scheme to subsidize travel for select destinations to help promote domestic tourism.

Masoud Soltanifar, the head of Iran’s Cultural Heritage,…

A British man with HIV undergoing a pioneering treatment to cure him of the disease has shown “remarkable” progress, doctors have reported from the UK. Scientists treating the 44-year-old patient…

Mobile Telecommunications Company of Iran (MCI) has launched the sale of Xiaomi Mi Max as part of a new contract offer to gain more subscribers.

In the past week, Apple’s App Store has been unblocked by the US-based company to Iranian users inside the Islamic Republic.

The first report on social media was dated October 29 as the day…

More than 4,000 direct jobs and 8,000 indirect jobs will be created when 18 major ICT firms will open offices in Iran’s northern Mazandaran Province after April 2017, according to the Minister of…

Bank Maskan, specialized in lending to the housing sector, will start repayment of its debt s to the Central Bank of Iran worth 550 trillion rials ($17.4 billion) from 2023. The CBI had allocated…