Economy

Tehran and Baku have drafted a plan for financing and implementing a key railroad project connecting Iran’s two northern cities of Rasht and Astara in a meeting between Iran’s deputy minister of…

Iranian companies will participate in 12 foreign exhibitions to be held by the end of the current Iranian year (March 20, 2017), according to the deputy head of Iran International Exhibitions…

Non-oil exports in the first four months of the current Iranian year (started March 20) earned $16.3 billion, which indicates a 21.11% rise compared with the corresponding period of the last year…

Fish production through cage farming experienced a fourfold increase in the last Iranian year (March 2015-16) compared to the previous year and reached 20,000 tons, according to the head of Iran…

US Democratic lawmaker Oregon Congressman Earl Blumenauer has criticized opponents of a multibillion-dollar deal between Boeing and Iran Air and urged economic engagement with the Islamic Republic…

The 22nd international exhibition of textile machinery, raw materials, textiles and embroidery machines dubbed IRANTEX 2016 will be held at Tehran’s International Fairground on September 3-6.

The CEO of Bank Melat Iran the minister of Oil and the CEO of National Iranian Oil Company discussed ways to enhance cooperation.

Referring to some of the most important achievements of the nuclear agreement between Iran and world powers, the head of international affairs at Export Development Bank of Iran said that banking…

Government interference in price controls, levying value added taxes on premiums, and the misconception of government executives about insurance policies are some key issues insurers are facing.…

In recent months the Central Bank of Iran has set new boundaries for the banking system, preventing them from further getting mired in the frenzied race to attract deposits.  

Iran Khodro Company’s CEO Hashem Yekezare said Peugeot 2008 would enter Iran’s market in March 2017 as IKCO’s first joint product with Peugeot.

According to Yekezare, the two sides are…

Carmaker Skoda Auto plans to market its products in Iran, as Volkswagen’s low-cost subsidiary believes the domestic market has high growth potential.  Tomas Kubik, the spokesperson for Skoda…

Apple’s secretive automotive project, named “Project Titan”, has taken a major step forward with the naming of long-time executive Bob Mansfield as project leader.

After stepping down from…

The Bank Mellat sanctions litigation, which has been through both the UK Supreme Court and the European Union Court of Justice, is now going back to the UK High Court to deal with the damages…

The government has allocated 3 trillion rials ($97 million) to the Export Development Bank of Iran to provide exporters with loans at 14%, said an official in Trade Promotion Organization. The…

The governor of the Central Bank of Iran said after the easing of sanctions in January, the number of correspondent relations between Iranian banks and their foreign peers has increased. According…

A banking expert says concerns regarding Iran cooperation with the Financial Action Task Force and the Islamic Republic’s membership in FATF are not insurmountable.

Commercial operations at Iran's southern Chabahar Port are expected to start in 18-24 months, says India's Minister of State for Shipping P Radhakrishnan.

In May, India signed a milestone…

About 19% of Tehran’s population reside in dilapidated buildings that are spread across 5% or 3,268 hectares of land throughout the capital, according to CEO of Tehran Renovation Organization,…

Close to 1 billion liters of mineral water were produced in Iran over the past fiscal year (March 2015-16), according to the head of Iranian Bottled Water Association. “The industry had nearly $10…

Rail freight transport saw a 10% increase in tonnage and a 7.3% rise in ton-kilometer during the first three months of the current Iranian year (started March 20), according to the head of…

The goods and services Consumer Price Index for urban areas in the 12 months ending July 21, which marks the end of the Iranian month of Tir, increased 9.2% compared with last year’s corresponding…

Iran’s non-oil exports during the first four months of the current fiscal year (started March 20) exceeded imports by about $4 billion, according to First Vice President Es’haq Jahangiri.

An international conference on investment opportunities in post-sanctions Iran opened in the Malaysian capital Kuala Lumpur on Tuesday.

Nigerian President Muhammadu Buhari has described the Iranian economy as an inspiration and a model that will aid Nigeria in its quest for economic recovery in the wake of the economic crisis…