Economy

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 66,160 tons of polymers, 34,000 tons of bitumen, 15,000 tons of vacuum bottoms, 1,000 tons of lube cut oil…

Iranian fund managers hope to give overseas investors more exposure to the country’s equities after the lifting of international sanctions last week.

Iranian steelmakers produced more than 12.6 million tons of crude steel from March to December 2015, which indicates a 0.7% rise compared with last year’s similar period, according to Iranian…

The Organization for Economic Cooperation and Development (OECD) is expected to improve Iran’s rating on long-term risk factors at a meeting on Tuesday, Kamal Seyed Ali, Export Guarantee Fund of…

British regulators are considering whether to allow two Iranian banks in London to resume operations after years of sanctions, two sources familiar with the matter said.

Melli Bank and…

Iran has sent lawyers to the Ontario Superior Court of Justice on Monday to fight attempts to hold the country to account for allegedly sponsoring attacks that harmed Canadian citizens.

Bahrain’s central bank said Tuesday it has decided to close down the Iran-owned Future Bank based in the tiny Persian Gulf state.

The first round of Iranian Technicians Olympiad rounded off this week.

Focused on the repair of four major categories of mobile phones and tablets, household appliances, air-conditioning…

Apple Inc. is expected to report iPhone sales increased slightly more than 1% in the holiday quarter when it announces earnings on Tuesday, its slowest growth ever and far from the double-digit…

According to the latest statistics released by the Ministry of Communications and Information Technology, 72 million SIM cards are active in Iran, indicating a mobile technology penetration rate…

Philips, the Dutch maker of LED lights and medical scanners, on Tuesday reported core fourth quarter earnings ahead of expectations, but issued a cautious outlook for 2016. The company, which is…

Analysts are blaming the worsening weather inversion, air pollution and traffic problems, and the increasing fuel consumption in most large cities on the government’s controversial car loan scheme…

Implementation of the nuclear accord and the lifting of sanctions should reduce the cost of money and trade for Iran, Ahmad Hatami Yazd, former CEO of Bank Saderat said. Foreign bureaux de change…

The housing market in Tehran is slowly waking up from a long slumber and entering "pre-boom levels" as the total number of home deals in the ninth month of the fiscal year (Dec. 22, 2015- Jan. 20…

The government plans to issue bonds worth 400 trillion rials ($ 13.2 billion) to cover its debts, a measure which is included in the next year’s budget bill and the sixth development plan (2016-21…

Bahrain has not yet made a decision about the fate of an Iranian-owned bank based in the Persian Gulf state that is presently under administration, a senior Bahraini central bank official told…

Collaboration with Italian and French Banks are priorities for forging  correspondent relations, said Ali Saleh Abadi, chief executive of Export Development Bank of Iran, Eximnews reported…

Iran’s home appliance market has an annual turnover of 200,000 billion rials ($5.7 billion at market exchange rate), said the spokesperson of Home Appliance Producers Association. Hamidreza…

The goods and services Consumer Price Index for urban areas increased to 13.2% in the 12-month period ending January 20, which marks the end of the Iranian month of Dey, compared with last year’s…

Iran’s non-oil foreign trade during the 10 months ending January 20 stood at $69.45 billion, according to the latest report by the Islamic Republic of Iran Customs Administration.  

The $11 billion clothing market in Iran, coupled with the lack of competitiveness and diversity, has created a fertile ground for rampant garment smuggling, which poses an existential threat to…

South Korea launched a business center to support local firms exporting to Iran on Monday, as the Islamic Republic is opening its market following the recent lifting of western sanctions, the…

Majlis Planning and Budget Commission on Sunday approved the outlines of the budget bill—on an 18-2 vote—for the upcoming Iranian fiscal year (starting March 20.  The government’s general…

The export of eggs from Semnan to Iraq during the 10 months to January 20 stood at 560 tons, says director general of the Iranian province’s Veterinary Department. Mohammad Saeedi added that…

A representative of Premium Tobacco International, a major tobacco dealer, visited Tehran on Sunday and met with the head of Iranian Tobacco Company over a previous tobacco deal for which Premium…