Economy

Iranian producers intend to overcome a range of problems to hold their positions in the steel business.

Central Bank of Iran and the Ministry of Finance and Economic Affairs have finalized the long-awaited banking reform bill, said CBI’s deputy for supervisory affairs, Farshad Heydari, adding that…

Iran on Wednesday urged Asian companies to invest in the country, saying the lifting of nuclear-linked sanctions had opened vast opportunities for foreign capital.

Creating the necessary grounds for the use of international credit cards in Iran would require at least six months, says an official with the National Informatics Corporation, affiliated to the…

The Export Guarantee Fund of Iran, Iran’s state export credit agency, signed agreements with its counterpart in Germany, Switzerland, Hungary, and Sri Lanka on the sidelines of Berne Union Annual…

Nissan Motor and Renault are open to partnership with other companies to equip their vehicles with sophisticated technology, as the automakers race to develop cars of the future, Ogi Redzic, the…

Renault Group, the French company that has made inroads into the Iranian market, announced that third-quarter revenues were up 13% across all markets. Revenues rose to €10.55 billion ($11.5…

A specialized exhibition on Iran’s automotive industries opened in Lebanon on October 25, according to reports from the East Mediterranean country.

The Ministry of Industries, Mining and Trade has set a deadline for car importers to register as official dealers of foreign companies or face closure and prosecution.

The deadline is until…

The UK Treasury Monday announced that it has removed Bank Saderat Iran and its London-based subsidiary Bank Saderat PLC from the blacklist of financial sanctions against Iran.

Singapore and Iran have agreed to expand banking ties following the lifting of economic sanctions. This was decided in a meeting between the heads of two countries' central banks.

"The…

In the first seven months of the fiscal year (March 20-October 22), Iranian banks allocated more than 38.5 trillion rials ($1.2 billion) in Qarzol-Hasana (interest-free microcredit) marriage loans…

Some 14 million passengers have travelled via railroad since the beginning of the current Iranian year (March 20), according to Mir Hassan Mousavi, an official with the Islamic Republic of Iran…

Heading an economic delegation, Foreign Minister Mohammad Javad Zarif is scheduled to visit four European countries, namely Bulgaria, Hungary, Slovakia and the Czech Republic, from November 7 to…

Iran exported $25.89 million worth of industrial, mining and construction machinery during the first half of the current Iranian fiscal year (March 20-September 21, 2016), the Islamic Republic of…

Chinese Ambassador to Pakistan Sun Weidong recently welcomed the prospect of enhancing cooperation with Iran on the China-Pakistan Economic Corridor.

The construction of the $2.17 billion freeway connecting Tehran to Chalous in the northern Mazandaran Province has made 32% progress, says deputy minister of roads and urban development, Saeed…

Saffron harvest began in Iran mid-October and will peak between late October and early November 5, a member of Iran’s National Saffron Council, Ali Hosseini, said.

Iran exported over 62…

Iran’s non-oil foreign trade during the seven months of the current Iranian year (started March 20) stood at $49.16 billion.

Iran exported over 40,000 tons of pistachios worth $381.64 million during the first half of the current Iranian year (started March 20), the Ministry of Agriculture’s news portal reported. The…

Close to 140,000 tons of fresh tea leaves have been purchased from local farmers by the government since the beginning of the harvest season five months ago, says the head of Iran Tea Organization…

Iranian Mines & Mining Industries Development & Renovation, as a dynamic organization, has successfully overcome the management crisis and dealt appropriately with the decline in global…

On Monday morning, the Iranian Privatization Organization hosted a delegation of Czech economists headed by Professor Petr Drulak alongside Czech Ambassador in Tehran Svatopluk Cumba.

The Geological Survey of Finland, also known by its Finnish acronym GTK, and the Iranian Mines and Mining Industries Development and Renovation Organization signed a memorandum of understanding in…

A senior financial regulator said on Tuesday South Korea will support the development of Iran’s capital markets, citing ongoing financial cooperation between the two countries.