Economy

The banking system should be at the service of manufactures and exports, Bahram Nezamolmolki, managing director of the Ministry of Energy’s department for export promotion said. He criticized…

Bank Pasargad, Iran’s second-largest listed bank, is looking to raise capital and expand overseas now that the country is free of the shackles of sanctions, a senior official told Reuters.

Italian banks will give momentum to the process of renewing relations with their Iranian peers, Guido Rosa, director of Italian Banking Association’s committee for international affairs said in a…

Eurasian Development Bank Chief Dmitry Pankin announced on Tuesday that Iran will most likely become a member of the bank by the end of March, Fars News Agency reported. Pankin said…

Iran's total foreign debt declined from $20 billion in 2011 to $5 billion in 2014, the deputy economy minister for banking, insurance and state-owned companies, Hussein Qazavi said.

Italian shipbuilding group Fincantieri has signed a series of preliminary agreements with leading Iranian companies worth several hundred millions of euros.  “Fincantieri has reached a…

Pakistan’s Minister for Ports and Shipping Kamran Michael says fast ferry services from the Pakistani ports of Karachi and Gwadar to the Iranian port city of Chabahar will be launched in March on…

Mohammad Shariatmadari, vice president for executive affairs, said the most important problem facing the country is unemployment.  “No change has been observed in the state of job creation…

As Iraq’s trade with Turkey is on the decline, Iranian exporters should seize the opportunity and secure their foothold in the neighboring country’s market, said an official with Iran’s…

The UK government fully supports expansion of trade relations with Iran. The statement was made by Campbell Keir, energy and UK infrastructure director at UK Trade and Investment at the Global…

With the lifting of international sanctions on Tehran, India’s access to Iran, especially for food and allied products, machinery and tools, infrastructure projects and pharmaceutical products,…

Canada says it plans to lift its sanctions on Tehran, noting that maintaining the restrictions will only hurt Canadian companies such as the Montreal-based airplane manufacturer Bombardier.

With the lifting of sanctions, Iran will resume saffron exports to the US after 15 years, said the head of Saffron Exports Development Fund. Mohammad Javad Rezaei added that a 20-kilogram…

Toyota has kept its title as the world's biggest automaker on Wednesday after posting global sales of 10.15 million vehicles for 2015, outpacing scandal-hit Volkswagen and US rival General Motors…

Mitsubishi Fuso Truck and Bus Corporation has become the first Japanese automaker to announce that it will do business with Iran since the economic sanctions on the country were lifted on Jan. 16…

South Korea's biggest carmakers are seeking to expand business in Iran.

The country's top carmakers are busy strengthening their foothold in Iran’s alluring automobile market, especially…

Iran’s ceramic and tile industry is hit by overcapacity due to the unrestrained issuance of factory construction permits during the 90s.

Iranian factories currently have an annual capacity…

South Korea’s Minister of Trade, Industry and Energy Joo Hyung-hwan, heading a high-ranking delegation, will visit Iran in February to discuss ways of bolstering bilateral trade ties, IRNA quoted…

The Producer Price Index stood at 215 in Dey (ending January 20), indicating a 0.6% decline compared with the previous month, according to the latest report of the Central Bank of Iran. The…

A Singaporean business delegation is scheduled to visit Qazvin on Thursday to assess the investment potential in the Iranian province.

Tehran Stock Exchange’s main index TEDPIX jumped 2,124 points or 3.11% on Tuesday to hit 70,999.5, extending a five-day winning streak and recording the highest rise since December 2014.

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 66,160 tons of polymers, 34,000 tons of bitumen, 15,000 tons of vacuum bottoms, 1,000 tons of lube cut oil…

Iranian fund managers hope to give overseas investors more exposure to the country’s equities after the lifting of international sanctions last week.

Iranian steelmakers produced more than 12.6 million tons of crude steel from March to December 2015, which indicates a 0.7% rise compared with last year’s similar period, according to Iranian…

The Organization for Economic Cooperation and Development (OECD) is expected to improve Iran’s rating on long-term risk factors at a meeting on Tuesday, Kamal Seyed Ali, Export Guarantee Fund of…