Economy

Minister of Roads and Urban Development Abbas Akhoundi arrived in Turkmenistan's capital city of Ashgabat on Monday at the head of a politico-economic delegation to meet officials of the…

Iranian banks struggling to reestablish normal links with their European partners has been one of the main complaints raised by Tehran. The landmark nuclear deal it signed with the six …

The total amount of Russia’s two loans to Iran is close to 2.5 billion euros which will be delivered in two weeks, Russian Deputy Finance Minister Sergey Storchak told reporters on Monday.

A plan to transfer the bank accounts of government institutions from the banking network to the Central Bank of Iran is underway.

The government has developed 12-point national blueprint to implement the principles of the Resistance Economy aimed at curbing the economy’s dependence on oil export revenues, improve…

About 3.65 million people are working in Tehran while 13 provinces have a total of 3.37 million employees. The provinces include Yazd, Semnan, Zanjan, Chaharmahal-Bakhtiari, Bushehr, Ilam,…

Some 30,000 tons of colza oilseeds have been purchased from farmers across the country since the beginning of the current Iranian year (started March 20) as part of the government’s guaranteed…

Japan and Iran are reviewing the current state of bilateral trade and investment, among other topics, during talks in Tehran during June 6-7.

Expansion of rail transport has been a top priority of President Hassan Rouhani’s administration, following the success of his nuclear policy. Rails are safe, reduce transit costs and fuel…

Iran Mercantile Exchange played host to the trading of more than 34,200 tons of goods on Monday.

Although Tehran-Baghdad political relations are congenial, there are serious issues in the economic field that impede the expansion of bilateral transactions.

According to our sister…

Her father forged diplomatic ties with a country whose revolution and then his own assassination prevented him from visiting, leaving his daughter Park Geun-hye, the first South Korean president…

Jaguar Land Rover is suing the Chinese makers of the LandWind X7 SUV—Jiangling Motor—for ripping off the Range Rover Evoque’s design.

Chinese copies of western cars are not as rife as they…

Any advertisements about presales of vehicles without a permit from the Ministry of Industries, Trade and Mining are now prohibited, according to the automotive group in support of consumers and…

Apple Inc. has hired Sinisa Durekovic, a software engineer who led the development of satellite navigation systems used by luxury carmakers like BMW AG, Daimler AG’s Mercedes-Benz and Volkswagen…

The latest car production statistics indicate a downward trend in vehicle manufacturing, according to a new report by a local news agency.

The statistics, released by the Ministry of…

The Export Guarantee Fund of Iran, the state-owned agency for export credit, is seeking to provide $2 billion in coverage for the export of non-oil goods by the end of the fiscal year that ends in…

The first offshore bank will be established in Kish Free Trade Zone Organization in a month, said an official at KFTZO on Sunday.

“All the documents and guarantees have been sent to the…

The head of Tehran’s Association of Realtors does not envisage any dramatic shift in the sluggish housing market and has said prices and rents will not increase until at least the end of 2017.

All of Tejarat Bank’s staff on Sunday went to office using public transport, celebrating the International Environment Day June 5, according to the bank’s twitter account. The move is in line with…

Banks and non-banking credit institutions have been explicitly defined in the new Banking Reform Bill and any institution wanting  to enter the financial sector needs to obtain a license…

Euromoney Middle East Awards for Excellence winners were announced in a ceremony in Dubai earlier this week, where Bank Pasargad Iran was named as the top Iranian bank for 2016.

Tehran Stock Exchange’s main index edged up 76.40 points or 0.10% to close Sunday trade at 76,160.6.

Automakers and steel companies were the main driving force behind TEDPIX’s tepid growth…

Mirror, glass and decorative glass objects are widely used in many sectors.

Glass production in Iran dates back to World War II when the first glass factory was built in Tehran, the Persian…

Steel industry was one of Iran's primary industrial sectors to benefit from the lifting of sanctions imposed on the country over its nuclear energy program, as part of the July 14 nuclear accord…