Economy

Many sectors of Iran’s economy are poised to benefit from sanctions relief to be made possible by the nuclear agreement struck between Iran and world powers on July 14, but no other sector could…

The Azadi gold coin led a general advance against the rial in Iran's foreign exchange on Wednesday, as all major currencies rose against the rial and stocks fell in Tehran Stock Exchange.

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Vice governor of the Central Bank of Iran for supervision affairs has announced that uncertified financial institutions in the process of obtaining license are not allowed to attract new deposits…

Kerman’s unripe pistachio is a hot commodity in the global market today, a significant part of which is headed to the European countries, Persian Gulf littoral states and other Arab states as well…

Foreign Minister Javad Zarif is to visit India starting Friday in what will be the first visit to the country by a top Iranian official after Tehran’s landmark nuclear agreement with the West on…

A Vietnamese delegation led by the director of Department of Agriculture and Rural Development of Can Tho Province, Pham Van Quynh visited Mazandaran this week and met with head of the Province’s…

Tehran and Muscat can exploit the new economic climate by establishing joint ventures in various fields, said the chairman of Iran Chamber of Commerce, Industries, Mining and Agriculture Mohsen…

Iran-Armenia Joint Chamber of Commerce will hold Iran’s 17th exports exhibition in Yerevan on October 8-12, concurrent with Armenia’s Panarmenian Expo 2015, announced Iran’s Chamber of Commerce,…

Iran is the second biggest exporter of non-oil goods and services to Iraq after Turkey, according to the head of Ilam Province’s Industries, Mining and Trade Organization.

BMW said it was looking into whether Google infringed any trademark rights after the Silicon Valley-based group set up a new company called Alphabet, which is also the name of a BMW subsidiary. "…

Iran Khodro Industrial Group has established a new company for expanding cooperation between Iranian spare parts suppliers and their international counterparts, said IKCO’s CEO Hashem Yekezare.

The first conference for introducing Iran's potentials in automobile and auto parts manufacturing will be held this year in Frankfurt, Germany.

According to Iran Chamber of Commerce,…

Three American automakers may find their way to Iran's car market under the aegis of an Italian brand, which is reportedly negotiating its way.

With the addition of 120,000 housing units later this month, Mehr Housing Scheme is poised to become a 1.5 million-strong housing project. Deputy Minister of Roads and Urban Planning Ahmad Asghar…

Lender Bank Mellat’s shares dropped 7.42% after they reopened for trading on Monday. The commercial bank’s symbol was closed for an extraordinary general meeting to appoint a new board. The bank’s…

First Vice President Es’haq Jahangiri said on Monday all sections of the ruling system, including the government, judiciary and the Supreme National Security Council, are unanimously determined to…

Iran needs money. It needs cheap financing to develop its diversified industrial base and save it from recession. It also requires foreign exchange credit and bilateral trade deals to diversify…

More than 195,000 tons of chicken and eggs and 845,000 tons of dairy products were exported in the first three months of the current Iranian year (started March 21), indicating a 30% increase…

Members of Iran Chamber of Commerce, Industries, Mines and Agriculture discussed the presence of foreign investors in Iran and warned against an increase in the share of the government in the…

The current infrastructure of the free trade zones in Iran is poor and are no match for other regional FTZs when it comes to attracting foreign investors, said the director of the office for…

In a meeting between Minister of Industries, Mining and Trade Mohammadreza Nematzadeh and his Afghan counterpart Daud Shah Saba, the Afghan minister expressed his country’s readiness to send a…

Business owners in industrial towns are soon to enjoy a 5-10 year tax-exemption program aimed at promoting domestic production, announced deputy head of the Iranian Small Industries and Industrial…

Guinea has renewed a 25-year agreement with Iran to allow it to continue producing bauxite.

About 119,000 tons of commodities worth more than $48 million were traded at Iran Mercantile Exchange on Sunday. As IME reported, 860 tons of white sugar, 110 tons of Brazilian corn and 2 kg of…

Iran Mercantile Exchange is expecting the presence of international financial institutions once sanctions (imposed by the US, EU and UN against Iran over its nuclear program) are lifted, says IME’…