Germany is taking steps to reassert its stamp on Iran’s sanctions-hit economy through the first-ever edition of AMB—a specialized exhibition for the machine tools and metalworking sector—which…
Economy
Economy
Iran’s elevator market value stands at 250 trillion rials ($7.2 billion at market exchange rate) per year, said the chairman of Iranian Syndicate for Elevator and Escalator Industries. Mohammad…
Economy
Iran and Poland have signed three memorandums of understanding to promote bilateral trade relations.
Polish Chamber of Commerce signed two preliminary agreements with Iran’s Social Security…
Economy
Some 100,000 tons of red meat worth $425.9 million were imported from China, Germany, Australia, the UAE, Brazil, Turkey, Oman and the Netherlands in the last Iranian year (March 2015-16),…
Economy
Tehran and Lisbon discussed ways of boosting bilateral economic ties. In a meeting with Mohammad Khazaei, president of the Organization for Investment, Economic and Technical Assistance of Iran…
Economy
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in Berlin early Monday to meet Germany’s Vice Chancellor and Economy Minister Sigmar Gabriel and former chancellor Gerhard…
Economy
Producer Price Index in the 12-month period ending May 20, which marks the end of the Iranian month of Ordibehesht, increased by 4.3% compared with last year’s corresponding period, according to…
Economy
Iran’s Persian carpet industry is hopeful of a comeback after years of crippling international sanctions on exports caused millions of dollars in losses for the trade and economic hardship on…
Economy
The possibility of free trade between Iran and members of the Eurasian Economic Union was surveyed in Moscow in a meeting between a delegation from the Trade Promotion Organization of Iran and a…
Economy
Iran's Competition Council, the body responsible for setting vehicle prices, gave the go-ahead last week to domestic carmakers allowing them to increase car prices.
The council announced…
Economy
The M3 has turned 30 and to celebrate the milestone, BMW has presented the 30 Jahre Edition based on the current model. A sports car based on the BMW 3-Series platform, the M3 30 Jahre Edition (…
Economy
Car sharing is taking off in a big way globally with several manufacturers pushing ahead with their own schemes.
Economy
Zotye has released yet another car in the Chinese market—an SUV called the T600 Sport.
The car manufacturer now known in the local market as a joint producer of the S300 sedan produced by…
Economy
Iran and Lithuania have signed a memorandum of understanding to promote joint investment and bilateral trade.
Visiting Lithuanian Foreign Minister Linas Linkevicius and Iran's Deputy…
Economy
Iran’s rail freight transit posted a rare growth of more than 180% since President Hassan Rouhani took office in 2013, Mohammad Gharavi, the head of Islamic Republic of Iran Railways’ Transit…
Economy
The key housing sector has now been in recession for five years and despite efforts by the government and the ministry of urban development to breathe new life into it, the results have not been…
Economy
A member of Iran’s Chamber of Commerce, Industries, Mines and Agriculture has said that anti money-laundering laws need to be pursued and implemented more aggressively because the country is…
Economy
Melli Bank London Plc, has obtained operation license from the UK’s banking regulators and is ready to provide services in the European Union, said its CEO, Ghulam Hossein Asgharzadeh Zaferani on…
Economy
The newly-appointed deputy for supervisory affairs at the central bank says that “regaining people’s trust” in the banking sector is the first priority in his new job.
Economy
Portuguese banks will start relations with Iran as soon as there are more business opportunities for Portuguese companies in Iran, said Portugal’s Deputy Foreign Minister Jorge…
Economy
Minister of Economy Ali Tayyebnia, appointed Mohammad Reza Hosseinzadeh as the chief of Bank Melli Iran. Hosseinzadeh, a member of BMI’s board of directors, was serving as the interim head of the…
Economy
Tehran Stock Exchange’s all-share index TEDPIX lost 303.60 points or 0.4% to end trade at 76,387 on Sunday. Oil refineries, banks and engineering and mining holdings weighed most on the benchmark…
Economy
As many as 710 domestic and 746 foreign companies have signed up to take part in the 23rd international exhibition of food and agriculture, known as Agro-Food 2016, which opens at Tehran’s…
Economy
Iran maintained its position as the world’s 14th largest crude steel producer by manufacturing 16.1 million tons of the industrial material in 2015, despite a 200,000-ton drop compared to a year…
Economy
With international sanctions gone, Iran has not only become an interesting market for foreign trade, but also for investors.
They want to invest money or buy Iranian resources, which has…
Economy
