Economy

Two South Korean automakers are opening official dealerships in Iran's southwestern Arvand Free Trade Zone, according to sources familiar with the issue. Arvand Free Trade Zone is spread over 144…

SAIPA is in talks with troubled Pakistani auto assembler Dewan Farooq Motors Limited to produce right-hand drive versions of its Pride vehicles, according to a new report in the Persian-language…

Researchers at Pen Test Partners have wirelessly hacked the Mitsubishi Outlander Hybrid SUV, allowing the group to take control of the vehicle's electric charging and even switch off the alarm…

Iran and South Korea will replace their mutual customs documentations with electronic ones, the Islamic Republic of Iran Customs Administration reported.

Iran and China are planning to set up a joint industrial town, in which auto parts will be manufactured, the deputy head of Iran Small Industries and Industrial Parks announced.

Reza…

Temenos is closing in on a core and digital banking software deal in Iran, Banking Technology reported. The vendor is believed to be in talks with Ayandeh Bank (Future Bank). The bank offers…

The Minister of Economy and Finance Ali Tayebnia says extensive plans are underway by the government to help fix the credit crunch besetting the economy and raise the capital of banks.

Italy’s export credit agency SACE plans to move into Islamic finance, including developing business with Iran, where the banking system is designated Islamic, after the lifting of international…

The Central Insurance company of Iran–the industry’s regulator– is working on a comprehensive program to overhaul the insurance industry which includes plans to reorganize the domestic market and…

Reiterating the need and necessity to reform the banking sector and improve standards to meet global norms, the Governor of the Central Bank of Iran, Valiollah Seif, said Tuesday that the…

Pakistan’s mango exports to Iran seem to be facing a threat of ban due to the negligence of Pakistani authorities in observing sanitary standards. Three Pakistani consignments were intercepted…

Iran exported $20.4 million worth of commodities to the United States during the first four months of 2016. The Islamic Republic had no exports to the US during last year’s corresponding period,…

Iran’s Taban Air launched its first flight between Tehran and Russia’s Astrakhan on Tuesday, according to the deputy head of Trade Promotion Organization of Iran. “The flight will operate two days…

A senior Brazilian official will lead a trade delegation to Iran during June 10-13.

Economic reform is a choice between short-term relief and long-term reward, and “creative destruction” is what the doctor has prescribed for Iran’s economy.

That is the central idea of…

Iran produced more than 60 million tons of cement last year (March 2015-16), of which 15.9 million tons were exported to Iraq, Afghanistan, Kuwait and Qatar. Domestic production in 2015 accounted…

Corporate bonds are in high demand these days and companies are banking on money markets to finance themselves.

Iran's largest carrier, Mahan Air, is one of the companies with an…

Close to 40% of Iran’s decorative stone mines have gone out of business due to the unfavorable economic climate facing the sector, the head of International Affairs Department of Iron Ore…

Cables and wires are everywhere. From the tiniest strand of wire powering a light in your room to the huge underground cables driving the metro train, they are the veins of the ever-throbbing…

Tehran Stock Exchange’s main index lost 254.10 points or 0.33% to end Tuesday trade at 75,874.5 on underperformance of banks, auto manufacturers and mining companies.

More than 930 million…

Apple Inc. sold a 30-year US dollar bond in Taiwan with a yield of 4.15%, sources said on Tuesday, aiming to raise between $1-1.2 billion in the first debt issue by the US technology giant on the…

Efforts are underway to take back Mesbah satellite seized by Italy during the sanctions period, the head of Iran Space Agency said.

“Iranian researchers are now studying the options of…

Yandex, the Russian search engine which was keen to enter Iran, has been outdone in its own market, according to a new Russian media report.

In terms of monthly audience in Russia, Google…

An Armenian company called Technology and Science Dynamics on Monday unveiled five versions of the long-anticipated ArmPhone smartphone in Yerevan.

Board members of Tehran Chamber of Commerce Industries Mines and Agriculture commended efforts by the Donya-e-Eqtesad Media Group – the parent company of Financial Tribune – in disseminating…