Economy

Lending by commercial banks grew by about 5% to 6.53 trillion rials ($283.4 billion at the official exchange rate) in the first half of the fiscal year (ending March 20) compared to the similar…

The minister of economy has called for a competitive Iranian insurance sector saying a level playing field is the primary requirement for the enhancement of the insurance industry.

Iran Mercantile Exchange witnessed the supply of 14,000 tons of 6070 bitumen by Tabriz Oil Refining Company, Qaisar Jonoub Company, ISONAM Company, Ghiran Pakhsh Setareh Iranian Company and Jey…

Iran Fara Bourse is sometimes seen as a second-rate market in Iran. Its name garners less respect and recognition from politicians and the media than its older brother, Tehran Stock Exchange.

Tehran Stock Exchange’s main index, TEDPIX, crawled up 27.10 points or 0.04% to end Saturday trade at 62,577.1.

More than 265 million shares changed hands in 25,000 transactions valued at…

China Railway Company is planning to build a high-speed rail link that will carry both passengers and cargo between China and Iran.

Iran Recycling Industries Union recently announced various investment opportunities in the recycling industry.

Polyethylene terephthalate bottle recycling was the top priority, as it…

Tehran’s International Fairground will host the Ninth International Exhibition of Goods, Services, Store Equipment and Chain Stores during January 2-5, 2016. In addition to Iranian companies,…

Close to $217 million worth of domestic goods were sold to neighboring countries through Iran’s border markets from March to September, according to the Ministry of Industries, Mining and Trade.…

Gold importers will have to keep paying Value Added Tax, media reported. According to the Iranian National Tax Administration, a governmental panel ruled in favor of gold and jewelry imports…

Last week, President Hassan Rouhani reappointed Reza Shiva as head of the Competition Council and director of National Competition Center.

After six years from the establishment of such…

A group of Singaporean traders, business owners and managers of commercial, petrochemical and financial institutes have called for the establishment of a joint chamber of commerce, investment and…

Finland's Nokia on Friday said it had completed the sale of its navigation business HERE to German carmakers BMW, Audi and Mercedes. Nokia said its net proceeds from the deal would be around €2.55…

Western European new-car sales rose 13% last month, led by rebounding demand in southern markets.

November registrations rose to 1.03 million cars from 919,160 a year earlier, based on…

Audi's supervisory board appointed Volkswagen Group CEO Matthias Mueller as chairman to replace Martin Winterkorn and Stefan Knirsch as development chief to succeed Ulrich Hackenberg.

Volvo will launch high-performance versions of its new S90 saloon and forthcoming V90 estate, carrying Polestar badging and featuring hybrid powertrains, the company’s boss has revealed.

Sistan-Baluchestan Province in southeast Iran is home to 3.6 billion tons of titanium reserves, says the chairman of the board of directors of Mokran Mineral Processing Complex. Jamshid Jahanbaksh…

Investment opportunities in Iran and the strategic importance of Oman in facilitating investment in the country from Asian countries after the lifting of sanctions will be the focus of an economic…

About 100 of Iran’s 400 amusement parks are located in Tehran, says a consultant in amusement park construction.

Arsham Safipourian added that some 10 such parks have an area of 1,500…

POS terminals accounted for 97% of total transactions in Iran during the seven months ending October 22, according to the Central Bank of Iran’s latest data. There was a 38% year-on-year growth in…

Business Monitor International has forecasted construction industry growth forecast for Iran at 3.2% real growth in 2016 as it expects international sanctions to be lifted from the first half of…

Friday marked National Insurance Day in Iran-- a day officially announced in 1988 to be added to the annual list of events.

The insurance industry was born in Iran in 1910 with two Russian…

Airplane ticket fares have been liberalized in 170 domestic routes while tickets of the remaining 87 routes will be sold at prescribed rates. According to an announcement made by Civil Aviation…

American multinational financial services corporation Morgan Stanley has described Iran as the last large, modern, educated economy that is locked out of the global system, and the biggest one to…

India has expressed interest in signing a preferential trade agreement with Iran, once western sanctions on the Persian Gulf nation are lifted.

This will be India’s first trade agreement…