Construction shares in the South Korean stock market rallied on hopes of big development deals in Iran during President Park Geun-hye’s upcoming visit to the Middle Eastern nation in early May,…
Economy
Economy
Maritime trade ties between Oman and Iran were further bolstered on Saturday when a consignment of pipes shipped from Sohar Port and Free Zone was discharged at the Iranian port of Bandar Lengeh.…
Economy
Governor of the Central Bank of Iran Sunday called on South African lenders to open accounts with the CBI saying the CBI considers that country a key player in the African continent.
“We…
Economy
The government allowed gold exporters to sell their foreign exchange earnings to banks at market rates in an attempt to expand exports of the yellow metal, said Mohammad Reza Modoudi, deputy head…
Economy
Lack of sufficient banking correspondent relations is one key constraint to domestic insurance companies developing normal ties with their foreign peers because processing premiums and claims are…
Economy
Increasing banks’ capital is a critical need for lenders and this should be done through all possible means, the Minister of Economy Ali Tayyebnia said Sunday in a meeting with senior…
Economy
Tehran Stock Exchange’s main index TEDPIX advanced 240.10 points or 0.31% to end Monday trade at 78,688.4. Mining companies, auto manufacturers and banks were the main driving force behind the…
Economy
More than 313,000 tons of various commodities were traded at Iran Mercantile Exchange on Monday. The commodities included 261,000 tons of steel sheets, 2,000 tons of bloom ingots, 5,352 tons of I-…
Economy
In the modern world, the strength of an economy heavily relies on its securities exchanges and what they offer to investors.
The easy routes to financing they provide companies with are the…
Economy
Pierre Beaudoin, the executive chairman of Canadian multinational aerospace and transportation company Bombardier Inc., led a delegation to Iran last week to drum up business and hold talks with…
Economy
Iran overtook India to become the largest producer of direct reduced iron in March, making India and Saudi Arabia the second and third largest DRI producing nations respectively.
Scrap…
Economy
Sales of Mercedes-Benz vehicles in China will "moderate" over the remainder of 2016, compared with a 39% year-on-year growth in the first quarter, the brand's China head said on April 25. Mercedes…
Economy
Benoit Tiers, Audi Volkswagen's regional chief, notes the challenges and opportunities in the Middle East and North Africa region, including Iran. In a recent interview on Audi's plans,…
Economy
Iran's car parts produced domestically are of high quality, said a member of the Auto Parts Manufacturers Association.
According to Farhad Behnia, $177 million worth of parts were exported…
Economy
Toyota Motor Corp. expects to have a production decline of 80,000 units after shutting down nearly all of its assembly plants in Japan after two killer quakes disrupted parts supplies.
"The…
Economy
Capital Intelligence Ratings (CI Ratings), the international credit rating agency, announced that it has affirmed Iran’s long-term foreign and local currency sovereign ratings of ‘BB-’, and its…
Economy
Negligence of the former government in buying eurodollar bonds has now resulted in the appropriation of Iran’s assets worth $2 billion by the Unite States, Valiollah Seif, governor of the Central…
Economy
Iran and South Africa have signed an agreement to establish correspondent banking relations between their lenders, said Ali Tayyebnia, the minister of economy.
Economy
Bank Pasargad launched two public libraries in Gachsaran, Kohgiluyeh and Boyer-Ahmad Province, an underdeveloped area in southwest Iran. Mousa Khademi, the province’s governor general,…
Economy
Kabul-based Arian Bank is planning to open a branch in Chabahar Free Trade Zone to provide services to Iranian and Afghan merchants, said Hamidreza Toosi, head of Foreign Ministry’s office in the…
Economy
Tehran Stock Exchange’s main index TEDPIX added 166.60 points or 0.21% to close Sunday trade at 78,448.3. Automakers, investment companies and banks provided the biggest boost to the benchmark.…
Economy
About 79,000 tons of different commodities were traded at Iran Mercantile Exchange on Sunday, including 1,100 tons of sulfur lumps, 2,060 tons of heavy lube cut, 11,000 tons of vacuum bottoms, 308…
Economy
Director of Iran Airports Company Rahmatollah Mahabadi has revealed the details of a memorandum of understanding signed between Iran and Italy recently for the construction of a new passenger…
Economy
The Sultanate of Oman is one of Iran’s key economic and political partners in the Middle East.
Economy
Production of disposable food containers is a rather young business in Iran, as it started nearly 30 years ago with a small number of production facilities.
Following the rise in urban…
Economy
