Economy

National Development Fund of Iran, the sovereign wealth fund, is increasing its support for Iranian nomads through the Iranian Nomads Organization.  NDF, which invests Iran’s saved up…

The latest report by World Economic Forum titled “The Global Competitiveness Report 2016–2017” shows Iran’s Global Competitiveness Index has slipped by two notches compared to the previous report…

A directive by a subdivision of Iran's Customs Administration prohibits any car registered in free trade zones from entering the Iranian mainland.

The directive, which has been circulating…

The Regulations Bureau of Trade Promotion Organization of Iran has announced new directives for the import of cars.

The organization, affiliated with the Ministry of Industries, Mining and…

Arian Motors, the official representative of Mitsubishi Motors in Iran, reported that it has been able to sell more cars than the company’s previous year’s total sales.

An Iranian engineer has claimed to have converted a locally produced Peugeot 405 from gasoline to a hydrogen fuelled machine, according to a new video released online.

Alaeddin Qasemi…

The total amount of loans allocated to the services sector by Iranian banks in the first seven months of the fiscal year to October 22 has been more than five times the amount of loans handed out…

Parsian Insurance Company, affiliated to Parsian Bank and one of the four major private insurers in Iran, will compensate the victims of Friday’s train crash in the north central province of…

The governor of the Central Bank of Iran has analyzed recent concerns over the growth of money supply saying that private sector savings–as opposed to state deposits–comprise 95% of the liquidity…

Tejarat Bank has established relations with 60 foreign banks since the lifting of sanctions in January, said Ali Mehrpour the bank’s director for international affairs. He added that talks are…

Iranian ships and oil tankers are now free to be insured following the country's landmark nuclear deal with world powers, says the head of the Central Insurance company of Iran, the industry's…

Iran has become a major importer of corn from Ukraine as it bought over 250,000 tons of the crop in October – placing itself among the top three export markets for Ukrainian farmers, according to…

The government has bought 68,000 tons of soybeans from local farmers so far in the current fiscal year (started in March), and it is estimated that purchases will reach 120,000 tons by the yearend…

The Rural Cooperative Organization of Iran, affiliated to the Ministry of Agriculture, will purchase 60,000 tons of oranges from farmers in Mazandaran to be stored for consumption during the…

Close to 132,000 tons of bananas worth $101.5 million were imported during the seven months to October 21, registering over 63% decline both in weight and value, Eranico reported.

A memorandum of understanding to enhance cooperation was signed between the Trade Promotion Organization of Iran and the International Trade Center on the sidelines of 11th Trade Promotion…

For the first time in Iran, Sirjan Nano Yarn and Granule Company is producing industrial yarn and granule using nanotechnology, according to the managing director of the company Babak Shayesteh,…

A two-day economic forum dubbed ‘Showcase Iran 2016’ will open in London on Monday to promote Iran’s investment opportunities among British investors.

Iran, Azerbaijan and Georgia are planning to start operating a long-delayed corridor that will carry cargo from the Black Sea – between Eastern/Southeastern Europe and West Asia – to the Persian…

The 2nd ‘Iran Mines and Mining Industries Summit: Development and Investment’, otherwise known as IMIS, is scheduled to be held in Tehran December 10-11.

The current situation in the domestic steel market has compelled most Iranian producers to shift their attention to exports. However, they need to tackle an array of problems including lack of…

The rising trend in steel pricing in Iran stopped last week, with some prices slipping back as hard currency prices strengthened. Some local sellers tried to raise prices but weak demand stifled…

Jewelry shops across Tehran and Zanjan have pulled down their shutters for three days to protest the imposition of what they say is ‘high’ value added tax on their business. The 9% VAT comes at a…

Tehran Stock Exchange’s main index gained 155.80 points or 0.2% to end Saturday trade at 79,541.4.

More than 735 million shares valued at $78.3 million changed hands for the day.

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The lifting of trade sanctions and moves to open the Iranian economy to foreign direct investment have seen a number of international car manufacturers queue up to break into the country’s rapidly…