Economy

Iran is one of the three major target markets of Scania, the Swedish truck giant.

As part of an agreement between Iran Khodro and the Omani Industrial Fund, Iran will jointly produce the Dena and export it to Africa and Yemen within a year, according to Omani officials who…

The Iranian private sector’s deposits in banks and non-bank financial institutions reached 10.46 quadrillion rials ($333.8 billion at market exchange rate) by July 21, marking a 30.9% growth at an…

A leading Iranian economy official said Turkey and Iran have been in talks to increase the number of items in their preferential trade deal and the two sides will sign a free trade deal…

Economy Minister Ali Tayyebnia said to avoid the blacklist of the Financial Action Task Force, Iran must fulfill the organization's requirements or else the country will not be able to regain its…

Some 70 trillion rials (more than $1.96 billion at market exchange rates) worth of contraband have been confiscated in the first half of the current Iranian year (started March 20), according to…

The easing of economic sanctions against Iran represents long-term trade and investment opportunities, Australia's trade, tourism and investment minister said.

Nomads in Iran produce 5.7 million tons of goods every year, mostly livestock products and handicrafts, the head of Nomadic Affairs Organization said. “Nomads produce 190,000 tons of red meat per…

Iran exported 333,800 tons of non-oil goods worth $216.2 million to Italy in the first five months of the current Iranian year (started March 20), registering a 4% decline in value compared with…

About 660,000 tons of goods worth $340 million were exported to 57 countries from Markazi Province in western Iran during the first half of the current Iranian year (started March 20), the…

An agreement to establish an Iranian Bazaar in Oman was signed by Muscat and Tehran on Monday, which will be built in an area of 40,000 square meters and showcase a variety of Iranian products.…

Head of Iran Fisheries Organization says about 15,000 tons of fish worth $150 million were imported into the country during the last Iranian year (March 2015-16), adding that the figure is dwarfed…

China’s CITIC Group Corporation has expressed readiness to provide Iran with $10 billion of financing, mostly in the mining sector, announced a top official with the Chinese company.

Zhou…

Marine economy constitutes between 2.5% and 4.6% of Iran’s gross domestic product, says the managing director of Ports and Marine Organization of Iran. Mohammad Saeednejad added that the figure…

A record high of 14 million tons of wheat were domestically produced this year, more than 11.76 million tons of which (worth over $4 billion) have been purchased by the government from local…

Following a cabinet enactment, executive bodies have been tasked to submit a proposal and specify the role their organization can play in marketing local-made knowledge-based products, said the…

Samsung said on September 27 it has recovered more than 60% of all Galaxy Note 7 smartphones sold in South Korea and the United States that have been recalled.

The Korean company’s recall…

The second edition of Code Cup Competition will be hosted by Sharif University of Technology (SUT) this year.  The coding competition aims to increase knowledge and coding skills of the…

The website of the popular MMORPG (massively multiplayer online role playing game) World of Warcraft has been blocked by Iranian authorities, due to what they cite as “a multitude of criminal…

Fourteen international shipping lines have returned to Iranian ports following the implementation of the Joint Comprehensive Plan of Action (the formal name of the nuclear deal signed by Iran with…

The Central Bank of Iran is devising a set of rules to let foreign nationals use credit cards offered by Iranian banks on Thursday, a senior official of the bank said.

The Central Bank of Iran plans to merge the remaining uncertified credit institutions in order to regulate their operations, said Abbas Kamarei, director of CBI’s Office for Bank Supervision. He…

The 12th International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry, otherwise known as Iran ConMin 2016, is scheduled to…

The imposition of economic sanctions was the most critical factor affecting Iran’s foreign trade in the past few years.

markets regulator Securities and Exchange Organization has approved a new securities clearing model to address the concerns of foreign investors about risk settlement in Iran’s financial markets…