South Korean technology giant Samsung Electronics Company said it is in talks to acquire a stake in Chinese automaker BYD to boost its chip business. In December, Samsung created a team to develop…
Economy
A 15% stake in Jam Petrochemical Company worth over $400 million is set to be offered on Turkey's Borsa Istanbul (BIST), announced the deputy head of Civil Pension Fund Investment Company on…
Foreign entities such as JLT, Willis, Swiss Re, Zurich Re, National Insurance Academy, Asian Re, Thomas Cooper, RFIB, and some universities such as KU Leuven and Monash have conducted short-term…
Gazprombank is starting activity in Iran along with other Russian banks, Akbar Komijani, deputy governor of the Central Bank of Iran said according to Bloomberg.
Komijani said he had held…
Even though Iran’s banking system was entirely shut off from the global network in the past years, Iran was abreast of what was transpiring on the relevant global scene, says a senior banker.
Governor of the Central Bank of Iran says the government has changed its approach toward the banking system by becoming more realistic in dealing with the key sector.
According to Valiollah…
South Korea and Iran have agreed to expand their direct flights between Seoul and Tehran to 11 times a week to help bolster bilateral economic cooperation following the lifting of western…
With non-oil exports of $10.5 billion during the first quarter of the current Iranian year (started March 20), about 21% of the government’s export target ($50 billion) for this year has been…
Tehran Stock Exchange’s main index gained 27 points or 0.04% to end Wednesday trade at 73,763.
Over 1.7 billion shares valued at $177 million were traded for the day.
Ardakan…
Like many western firms, Procter & Gamble Co. is eying new opportunities in Iran following the relaxing of trade sanctions earlier this year.
However, for a Swiss subsidiary of the US…
According to the Trade Promotion Organization of Iran, a business mission from Iran is scheduled to visit Nairobi, Kenya, from August 14 to 19. The delegation will comprise Iranian producers from…
Russia is cancelling import tariff on four Iranian products, namely pistachio, date, raisin and celery, the deputy head of Iran-Russia Chamber of Commerce announced. “According to Russia’s…
Iran exported $125,000 worth of goods to Chile and imports reached $3.59 million during the first quarter of the current Iranian year (started March 20), latest data from the Islamic Republic of…
BMW has recorded rising sales of the latest version of its electric car, the i3, following Germany’s decision to offer EV subsidies, a weekly German newspaper reported.
Shiraz Auto Expo, one of the most important automotive shows in the country, is being held from July 12 to 15 in the southern Iranian city.
Iran Khodro has a significant presence at the…
The Third Auto Show of Alborz Province has been scheduled for September 27-30. Saeed Mahmoudi, the director of the show, added that the exhibition is supported by the Ministry of…
The Central Bank of Iran, the US Treasury and international banks were to meet in London on Tuesday to discuss stalled progress on banks resuming ties with Tehran after sanctions were lifted in…
South Korea is planning to launch a euro-based payment system, designed for companies that wish to do business with Iran. The Seoul government is now in the process of selecting a bank to manage…
Larger European banks are reengaging with Iran, Central Bank of Iran’s vice-governor, Ali Akbar Komijani, told a banking conference on the sidelines of the Ninth Exchange, Banking and Insurance…
The Intelligence minister says the security apparatus strives to maintain a safe and secure environment for investment for both domestic and foreign businesses.
"We believe that security…
The ambassador of the People’s Republic of China to Iran says many banks throughout the world are waiting for a go-ahead from the United States Treasury to restart their dealings with Iran.…
Tehran Stock Exchange’s main index lost 80.70 points or 0.11% to end Tuesday trade at 73,736.
More than 1 billion shares valued at $91.5 million were traded for the day.
Fars Cement…
Foreign investment in Iran has climbed 40% since the implementation of the nuclear deal between Iran and world powers in mid-January, Securities and Exchange Organization’s deputy for…
Guinea’s Minister of Mines and Geology Abdoulaye Magassouba met with the head of Iranian Mines and Mining Industries Development and Renovation Organization, Mehdi Karbasian, to follow up on a…
Athens Stock Exchange has signed a memorandum of understanding to promote mutual cooperation with the Central Securities Depository of Iran. The agreement was signed between Socrates Lazaridis,…
