Economy

One year after the government expressed its intention to issue sukuk or Islamic bonds as a tool to clear its debts, no serious action has yet been taken in this regard, Financial Tribune sister…

Sterling rose to a two-month high against the rial as the euro fell and the dollar remained steady on Saturday in Ferdowsi Street – the heart of foreign exchange in Iran – which trailed Friday’s…

A trade expert has criticized the currency deals the Iranian government has recently signed with several neighboring countries, saying none will benefit the national economy.

Last week the…

Shahr Bank is growing its capital to over double its current amount, said the lender’s chief executive.

Hossein Mohammad Pourzarandi said, Shahr Bank (City Bank) intends to increase its…

The minister of economic affairs and finance stepped up his criticism of unauthorized banks and financial institutions in his latest comments on the issue, saying the government “would have zero…

General Motors has said it will fall short of its goal of having 500,000 GM vehicles on US roads by 2017 that are powered by some form of electricity, Reuters reported on Saturday.

Ridesharing service Uber has made a $3 billion offer for Nokia's map business HERE, amid plans to raise venture capital for their own expansion, Reuters reported on Friday.

Finland's…

Domestic auto-manufacturers which plan to expand their cooperation with Chinese partners are likely to suffer loss, an auto part expert said on Saturday.

Toyota said Friday its annual profit accelerated 19 percent to a record $18.1 billion as the world’s biggest automaker capitalized on a weak yen and strong demand in the North American market,…

Based on the latest statistics released by Iran’s Customs Administration, palm oil was the seventh major imported good to the country during the first month of the current Iranian calendar year (…

As per statistics released by Iran Customs Administration, more than 45,300 metric tons of goods were exported from free trade zones (FTZs) and special economic zones (SEZs) in the country’s…

Iran and Poland are seeking to expand cooperation in the agricultural sector, IRNA reported.

Iran’s export of ornamental flowers is valued at about $40 million per year, according to head of the National Institute of Ornamental Plants (NIOP), Pejman Azadi, who noted that the country is…

About $110 million worth of footwear was exported in the past Iranian calendar year (ended March 20) showing a 5 percent decrease, ISNA quoted head of the Association of Managers and Experts of…

The first direct flight between Isfahan and Sharjah was launched on Friday. The Al Arabiya Airline conducted the route’s first flight, according to managing director of Isfahan’s Shahid Beheshti…

Having imported about $620 million worth of goods from Iran over the past Iranian calendar year (ended March 20), Italy was Iran’s top export destination in Europe, ISNA reported on Friday. …

After a four percent cut in lending rates for businesses which was approved last week, now struggling industries are set to benefit from further discounts.

The mandate comes as the…

Former governor of the Central Bank of Iran Tahmasb Mazaheri said the recent decision on cutting deposit and loan interest rates would positively affect the economy if necessary prior conditions…

Depositors in uncertified financial institutions will not be backed by the government, says Economy Minister Ali Tayebni, affirming previous comments by the central bank governor. The warning…

Deputy minister of industry, mine and trade Mojtaba Khosrotaj supported the decision made by the Money and Credit Council on April 28 to put a 24 percent cap on lending rate from the previous 27-…

With an end to sanctions on the horizon, investors and traders should be interested in the Tehran Stock Exchange.

An agreement was signed between Mobin Mining and Road Construction Company; the industry, mine and trade organization and the environment department of West Azarbaijan Province to harvest…

The Tehran Stock Exchange overall index recorded the fourth consecutive negative trading week, with around 2.38 percent retreat amid pessimism about lingering ambiguities that have slashed…

Deputy minister of industry, mine and trade Mehdi Karbasian says western companies have recently offered to take part in Iran’s industrial and mining sectors, Eghtesad News reported.

Iran’s production of crude steel grew 9.6% in the first quarter of 2015 as output from Mobarakeh Steel Company (MSC) increased 21% compared with the similar period a year before, IRNA quoted the…