Economy

Officials in Uzbekistan are looking into ways of developing a domestic innovation sector and create the country’s own version of Silicon Valley.

Iran’s Mahan Air will start operating direct flights to Barcelona as of June, Eduardo Lopez Busquets, Spain’s ambassador to Iran, announced. 

“We are also trying to launch direct…

The parliamentary FATF taskforce will report on Iran's cooperation with the Financial Action Task Force to the Majlis Economic Commission by the end of the current Iranian year (March 20, 2017).…

Apart from a handful of countries with problems unrelated to previous nuclear sanctions, all Iran’s frozen assets have been freed, the government spokesman said.

Private banks in Iran have started to embrace innovative technologies more than ever, striving to address major issues on their path toward modernization and profitability.

These measures…

Despite the Central Bank of Iran’s efforts to implement a bilateral currency swap agreement with Russia, the Central Bank of Russia has announced that it does not adhere to the process.

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The achievements of Iran's nuclear deal must not be undermined, as the cost of foreign trade for the country is declining among other things, the governor of the Central Bank of Iran said.

Iran exported close to 78 tons of saffron during the eight months to November 20, the deputy head of the Iranian National Saffron Council said.

“Different figures, ranging from 310 to 360…

The tragic death of border couriers has raised the alarm over the dire economic conditions in border towns. 

Sixteen cross-border back carriers were buried under avalanche and five of…

The Islamic Republic of Iran Railways plans to rank the domestic rail transport companies based on their performance and services. Ticket prices will then be set on the basis of these ratings, the…

The governor of Kenya’s second largest city of Mombasa, Ali Hassan Joho, welcomed a delegation of Iranian investors on Tuesday after initial negotiations were held between the two sides in 2016.…

About 80% of Iran’s imports of basic commodities are carried out at Imam Khomeini Port in the southern Khuzestan Province, managing director of Ports and Maritime Organization of Iran, Mohammad…

A Kazakh national railroad company signed an agreement with the Islamic Republic of Iran Shipping Lines to establish a joint enterprise.     

In addition to signing the deal…

Tehran Stock Exchange’s main index added 26.80 points or 0.03% to end Wednesday trade at 76,792.8.

More than 739 million shares valued at $69.4 million changed hands for the day.

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Political challenges and tariff barriers are the main impediments to Iran’s trade ties with Turkey, according to a report by the Export Promotion Commission of Iran Chamber of Commerce, Industries…

The amusement park industry can generate high added value and revenues for the country, given the capabilities of domestic producers, the deputy for export promotion with the Trade Promotion…

Iranian steelmakers raised about $102 million by selling Salaf contracts on Iran Mercantile Exchange during the 10 months to January 19, registering a 43% rise compared with last year’s…

The Ministry of Industries, Mining and Trade welcomes Renault’s presence in Iran but insists the company also set up an R&D center, an informed source told Financial Tribune’s sister…

 Since the start of the fiscal year last March, the number of vehicles shipped to and from Shahid Bahonar Port more than doubled compared to the previous year.

A total of 32,313 units…

French investigators have referred Fiat Chrysler Automobiles for possible prosecution over abnormal emissions of nitrogen oxide pollutants from some of its diesel engines, the government said.

In a deal with the Belgian firm Punch Powertrain, a CVT transmission manufacturing factory opened  Tuesday in Zanjan, northwestern Iran. 

The plant has been set up jointly by the…

Mellat Insurance, affiliated with Bank Mellat, is planning to establish Iran’s second life insurance company, said Alireza Ebrahimpour, Mellat Insurance’s CEO. Mellat is set to own a 20% stake in…

The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture–known as the country's private-sector Parliament–has published a report on Iran's foreign…

Iran Insurance Company, the country’s biggest insurer, has come up with measures to boost its solvency, including plans for purchasing stocks of a major bank, the firm’s chief executive told a…

Bank Sepah will join the ranks of the few public-sector banks whose capital adequacy ratio meets the minimum standard when the Ministry of Economic Affairs and Finance allocates the approved funds…