Economy

The US dollar started the Persian New Year on weak ground, defying expectations that the currency would surge in the early days of the fiscal year (started March 20). It entered the week after the…

The Majlis ratified a law on Monday allowing foreigners to invest in Iran’s gradually growing insurance industry by buying shares of domestic firms, opening branches and corresponding offices in…

Tehran Stock Exchange’s all-share index TEDPIX inched up 19.40 points or 0.02% to close Monday trade at 80,872.1.

Petrochemical, steel and auto manufacturing companies gave the biggest…

Oman-based Dhofar Steel has announced plans to establish a steel rolling mill in Sohar Industrial Estate with raw material sourced from Iran, Bahraini digital news provider GDNonline reported.

Iran’s clothing industry has long been reeling under the detrimental effects of smuggling, to the point that from a total of $10 billion worth of domestic demand per annum, $7-8 billion worth of…

Iran Chamber of Commerce, Industries, Mines and Agriculture has published details of the agreements signed between Iranian and Austrian businesses in Vienna last week.

The import tariffs for items included in Iran-Turkey Preferential Trade Agreement will be revised during the meetings of the two countries’ joint commission, which is scheduled for mid-April, Mehr…

Several Singaporean companies are moving quickly to gain a foothold in Iran after international sanctions on the Islamic Republic were lifted in January.

According to an article in…

Restaurants are prohibited from asking for service charges, says Ali Asghar Mir-Ebrahimi, an official with Iran Chamber of Guilds.  According to the official, with the exception of special…

Iran’s egg exports have halved over the past one and a half months, the head of the board of directors at Tehran’s Union of Producers of Egg-Laying Chicken. “The decrease in exports come as Turkey…

Iran will be the focal point of today’s German Near and Middle East Economic Conference 2016 in Berlin.  The conference will provide participants with the opportunity to meet with the…

Japanese automaker Suzuki plans to launch and later assemble at least three new models for the Iranian market, hinting a significant shift in its sales outlook for Iran in the post-sanctions…

Tesla Motors Inc. said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours—a fast start for the company's first mass-market vehicle, which may not begin to reach…

The purchase and renewal of the traffic police's fleet in Tehran requires formal permits from the municipality and the city council, said Traffic Police chief, Taqi Mehri.

An Iranian official said on Sunday German automaker Volkswagen was expected to sign a deal with an Iranian partner in the coming weeks to produce vehicles in the country.

Tehran’s…

Austrians are interested in automotive cooperation with their Iranian counterparts, the secretary of Iranian Car Part Makers Association said.

Sasan Qorbani was also quoted as saying by…

Honda is recalling 160,000 Fit subcompact and Vezel sport-utility vehicles in Japan because of defective power steering and a part that controls the electric current in the vehicles. The recall…

Central Bank of Iran governor, Valiollah Seif has called on banks to join the efforts needed to promote the principles of the 'Resistance Economy' recommended by the Leader Ayatollah Seyyed Ali…

European banks are tentatively reengaging with Iran as the Middle East’s second-largest economy slowly emerges from a sanctions regime that has kept it in the financial wilderness for years.

Private banks will allocate more resources to medium and small-sized businesses in the new fiscal year (started March 20), said Kourosh Parvizian, CEO of Bank Parsian and head of the Center for…

Bank Melli Iran has initiated new plans to expand its international operations. Abdolnasser Hemmati, the CEO, called for enhancing coordination between the bank’s overseas branches to improve the…

Tehran Stock Exchange’s main index TEDPIX lost 684.20 points or 0.84% to end Sunday trade at 80,852.7. Energy, steel and mining companies were the main laggards.

More than 63% of TSE-listed…

Iran’s Securities and Exchange Organization has become a member of the International Organization of Securities Commissions. IOSCO Secretary-General Paul Andrews has invited the SEO head Mohammad…

Chris Parker is the CEO of Iran Business Hub, a London-registered, international, British and Iranian partnership that specializes in large corporate entry into Iran.

The Iran Business Hub…

The negative trade balance in the agricultural sector narrowed to less than $3.5 billion in the last Iranian year (ended March 19, 2016) from $5.6 billion and $8 billion in the years ending March…