Economy

Chinese e-commerce giant Alibaba Group Holding Ltd said it racked up more than $5 billion in transactions in the first hour of its annual “Singles Day” sales blitz on Friday—a third more than in…

Japan Display Inc is in advanced talks to receive a bailout amount of about 75 billion yen ($704.49 million) from Innovation Network Corp of Japan, a government-backed fund and the display maker’s…

Representatives from four New Zealand banks have expressed interest in expanding ties with Iran, during a meeting Wednesday with Ebrahim Rahimpour, deputy foreign minister for Asia-Pacific affairs…

Should banks that offer interest rates higher than those officially set by the regulator refrain from heeding warnings by the Central Bank of Iran, they should await serious disciplinary action,…

It is the market rather than the Central Bank of Iran that sets foreign currency rates, says the CBI deputy for economic affairs.

“Stability in the forex exchange market is one of the…

Foreign exchange rates and gold coin prices surged on Wednesday following Donald Trump’s surprise victory in the US presidential election.

US dollar was traded for 36,580 rials in Tehran at…

There are two types of people who have not repaid their debts to banks but only one type must be dealt with firmly to make them pay, says the first vice president.”There are two types of people…

Zinc Industry Development Commercial Company sold over 36,000 tons of zinc ingots during the first half of the current Iranian year (started March 20), over 80% of which were exported, according…

Two years ago, the number and value of fixed-income instruments in Iran’s capital market were so low that market makers could easily memorize the names and all they had to do was to manually…

Cement trading is scheduled to resume at Iran Mercantile Exchange’s exports trading board during the fourth quarter of the current Iranian year (Dec. 21-March 20), the head of Cement Employers…

Tehran Stock Exchange’s main index plunged 1,459.80 points or 1.83% to end Wednesday trade at 78,411.6.

More than 1.2 billion shares valued at $83.1 million changed hands for the day.

The last few weeks have seen a flurry of important announcements in Iranian-Indian relations. It is usually the commercial transactions that capture most of the headlines, but the potential for…

The parliament has approved a bill to allocate 1% of oil revenues to rail projects in the sixth five-year economic development plan (2016-21). Tabriz lawmaker, Mohammad Hossein Farhangi, was…

Iran exported more than 23,000 tons of non-oil goods worth $152 million to Germany during the seven months ending October 21, registering a 1.5% decrease in value compared with last year’s…

Economic players in Hong Kong are prepared to cooperate with their Iranian counterparts in a wide range of fields, including tourism, electronic equipment, insurance and finance. Hong Kong’s…

The DS 5LS has received permission to enter Iran following other models of the recently formed Citroen sub-brand.

The DS 5LS is a 4.7-meter luxury saloon based on the same C4-derived…

Moscow’s Skolkovo Innovation Center has unveiled Russia’s first unmanned “ElektroAutobus” called the Matreska, which is designed to carry up to eight passengers.

Iran Khodro Diesel, the industrial vehicle subsidiary of Iran Khodro Company, the country’s top carmaker, has announced the production of its first range of CNG-powered buses.

Talks have been held on plans by three Iranian commercial banks to open branches in Turkey, the country's economy minister said.

The 3rd Banking and Business Forum Iran Europe will be held in Frankfurt on Nov. 16-17.

Billed as a "major event on opportunities in investment, banking and finance in Iran" it will take…

The central bank governor says negotiations will be held with the European Central Bank as part of Iran-EU talks in Brussels.

"Iran's banking talks with Europe will be held tomorrow […

Iran is planning to sell some of its shares in the Iran-Venezuela Bi-National Bank, as the two countries has no commercial relations at the moment, said Davoud Banaei, the bank’s CEO.“The long…

While the housing market is struggling with a prolonged recession, commercial property and the luxury homes have seen surge in prices during the past three years.

Iran’s imports and exports via road showed a 20.4% rise and 5% decline respectively during the first half of the current Iranian year (started March 20), according to statistics released by the…

Taraz Steel Company’s galvalume steel production line was inaugurated by First Vice President Es’haq Jahangiri in Chaharmahal-Bakhtiari Province on Tuesday.

The project was funded by 1.3…