Economy

Iran is set to purchase 114 Airbus jets for state-owned carrier Iran Air. The order is enabled by the lifting of the United States and European economic sanctions imposed on Iran on January 16.

Iran Mercantile Exchange’s export trading board saw 55,000 tons of granulated iron ore supplied by Iranian Central Plateau Iron Ore Complex at the base price of $11 per ton on Monday.

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Tehran Stock Exchange’s all-share index TEDPIX lost 304.60 points or 0.47% to settle Monday trade at 65,119.5.

The private sector accounts for 20% of Iran’s economy, says the treasurer of Iran Chamber of Commerce, Industries, Mines and Agriculture. “This meager share cannot be attractive to potential…

Iran exports about 300 tons of eggs on a daily basis, said chairman of the Union of Egg-Laying Hen Farmers. Reza Torkashvand added that the eight months to November 21 saw exports of 68,000 tons…

Illegal imports account for 75% of all the goods smuggled into and out of Iran, according to the head of Central Taskforce to Combat Smuggling of Goods and Foreign Currency. Habibollah Haqiqi said…

Integrated systems have opened up new vistas for fish farming in regions with limited water resources such as Iran’s South Khorasan Province.

Integrated fish farming systems refer to the…

European businesses were set on Sunday to speed back onto the Iranian market, hours after western sanctions were lifted on Iran in exchange for Tehran’s pledge to limit its nuclear program.

German industry expects a steep rise in exports to Iran following the lifting of sanctions and Economy Minister Sigmar Gabriel says he would seek to drum up trade during his visit to Tehran in…

Japan is expected to send a business delegation to Iran as early as Monday to explore opportunities there. Japan’s Foreign Minister Fumio Kishida visited Iran in October and struck an investment…

Daimler AG's trucks are returning to Iran after a landmark deal to curb Tehran's nuclear activities led to the lifting of economic sanctions. The German company announced on Monday it had signed…

Iran's automotive sector raked in over 23 trillion rials ($763 million at official exchange rate) for state coffers over the past 10 years (2005-15).  

Iran's state-owned and private automotive firms have begun racing against each other to have a business linkup with German vehicle manufacturer Volkswagen.

Trusted sources have reported…

While many in the local industry have surmised that the Chinese car industry is likely to be the biggest loser when sanctions on Iran end, the Financial Tribune likes to take a longer view of the…

 The housing sector will get better only when the state of the economy and purchasing power of homebuyers improves, a Tehran-based analyst said.

United Kingdom Export Finance has reintroduced a £50 million ($ 71.2 million) cover to support UK companies seeking to compete for business in Iran, following the lifting of the sanctions against…

The Export-Import Bank of South Korea (Eximbank) announced Sunday it would upgrade Iran’s credit rating to C2 from C3, the sixth-highest on its nine-grade rating system.

A rating upgrade…

Bank Mellat, Bank Sepah and Parsian Bank have signed a joint contract to finance the completion of two South Pars gas development phases (11 and 24) and the National Gas Pipeline, ILNA reported.…

The Central Bank of Iran will utilize its foreign assets to stabilize the foreign exchange market, expand exports and create new jobs, Valiollah Seif, the bank's governor said late Saturday.…

The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the US Treasury Department said…

Iran has reached an agreement with the European consortium Airbus to buy 114 passenger planes for state carrier Iran Air, the minister of roads and urban development announced on Saturday.

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South Korea’s newly-appointed ambassador to Iran, Kim Seung-ho, met with the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, in Tehran on Saturday. He said…

Iran welcomes the investment and participation of German companies in its agriculture industry, said Iran’s agriculture minister.

A 24-kilometer queue is a permanent fixture at Iran-Turkey’s Bazargan Border Crossing, according to the manager of the border terminal in northwestern Iran. Jaber Akbarpour added that every day…

The price of Iran’s iron ore of 62% purity destined for China’s Qingdao Port slipped $0.58 to $38.92 per ton, reversing the ascending trend of the previous year’s last two weeks and dispelling…