Economy

The Central Bank of Iran will send a bill to Parliament proposing an increase in the percentage of shares foreign investors and banks can hold in joint banks  founded with their Iranian…

The minister of industries, mines and trade said Tuesday that Iran is ready to forge close relations with Finland including enhancing banking ties with the Scandinavian nation.

"Developing…

The Italian firm Italconsult, is willing to invest in setting up a private bank in the Chabahar FreeTrade Zone, the managing director of Chabahar Free Trade and Industrial Zone, Hamed Ali Mobaraki…

The Central Bank of Iran should strive to bring the exchange rate of the USD in the market close to 30,000 rials in order to foster economic stability, chairman of Iran-Iraq Chamber of Commerce…

Minister of Communications and Information Technology Mahmoud Vaezi announced that Iran and Afghanistan will cooperate on developing joint Persian-language applications.

Vaezi held a…

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi expressed gratitude to his Iraqi counterpart Hassan Al Rashid. The Iranian minister sent a message to Hassan Al Rashid,…

Deutsche Bank has launched a computerized investment advisory service, seeking to keep up with other asset managers who have started introducing robo advisers to help certain clients create…

China’s first mind-controlled car has been developed by researchers in the northeast port city of Tianjin.

Chinese researchers have developed what they say is the country’s first car that…

Installment sale of new housing units is estimated to cost around 30-35 million rials ($996-$1,163 at the official exchange rate) per month for buyers, the head of Property Developers’ Association…

The Money and Credit Council – the highest monetary policymaker - is set to review interest rates today, a member of the council said.

Tehran is determined to revive banking ties with Sweden in the post-sanctions era, the governor of the Central Bank of Iran, Valiollah Seif said on Sunday. Pointing to the two countries' close…

Head of the ‘Iran Economy House’ has criticized the Central Bank of Iran for failing to meet its oversight duties, which he said had opened the way for the misconduct and malfunction of banks.…

Tehran Stock Exchange’s main index, TEDPIX, lost 45.40 points or 0.07% to settle Monday trade at 62,374.8.

More than 418 million shares changed hands in 25,000 transactions valued at over $…

Domestic steelmakers need to add value to their products and offer them at competitive prices to secure a place in global markets, the chairman of Iranian Mines and Mining Industries Development…

Efforts to create a centralized foreign exchange market are coming to fruition. The regulator of Iran’s currency, the Central Bank of Iran, has finally agreed to the offering of foreign exchange…

Outbound smuggling has been cut by half since three years ago, says the head of Central Taskforce to Combat Smuggling of Goods and Foreign Currency.

Future trade between Iran and Lebanon needs to expand from the current few items to include all commercial products.

The statement was made by Lebanon’s Finance Minister Ali Hassan Khalil…

Iran is implementing the current taxation system with the utmost rigor of law, says vice president of Iran Chamber of Commerce, Industries, Mines and Agriculture.

Pedram Soltani added that…

Tehran is hosting a two-day conference dubbed “Iran German Plast 2015” on December 7-8. Organized by the German Federation of Mechanical Engineering’s Plastics and Rubber Machinery Association,…

Some 126,000 tons of agricultural products valued at $183.4 million were exported from Mazandaran from March to November, indicating a 23% increase in volume and a 25% surge in value compared with…

As cars edge ever closer to talking and even thinking for themselves, the Detroit North American International Auto Show is evolving to catch the same fever.

Renault is drawing up proposals to relinquish some power over alliance partner Nissan, sources said, and will on Monday begin shoring up boardroom support in the final days before a likely clash…

Iran Khodro Company is set to export its latest products to Tunisia after receiving the standards of Africa’s vehicle markets. IKCO’s Deputy CEO for Export and International Affairs Saeed…

Qatar, the third-largest shareholder in Volkswagen, is urging the German carmaker to reduce the influence of its powerful trade unions as it battles to overcome its emissions scandal, a German…

Sweden’s visiting Minister of Enterprise and Innovation Mikael Damberg and the accompanying delegation held talks with several ministers and senior officials in Tehran on Sunday.