Economy

Minister of Communications and Information Technology Mahmoud Vaezi is attending the 26th Universal Postal Congress in Istanbul. The congress brings together some 2,500 delegates from 192…

Google is expected to unveil new smartphones at an event on October 4, the company’s latest effort to sell a Google-branded device and challenge Apple at the high end of the market.

The eighth Entrepreneurship and Business Development Festival will be hosted by Sharif University of Technology this winter.  

Known as “VC Cup”, the event was first initiated by the…

Several banks and credit institutions have been chosen as agent banks for offering forex services by the National Development Fund of Iran estimated to be worth over $23 billion.

Ahmad…

Monetary policy has once again taken center stage. From the controversy engulfing the ultra-low rates championed by the European Central Bank (ECB) to Donald Trump accusing Janet Yellen, the chair…

Adjusting to time and needs and addressing the mounting challenges of the housing market has emerged as a preoccupation of the Ministry of Roads and Urban Development, according to the minister.…

President Hassan Rouhani enacted the law for Iran’s membership in the Asian Infrastructural Investment Bank to the Ministry of Finance and Economic Affairs on Monday. The declaration comes after…

Bangladeshi Industries Minister Amir Hossain Amu arrived in Isfahan Province on Sunday to discuss opportunities of bilateral cooperation with the province’s Governor-General Rasoul Zargarpour in…

German firms have signed 10 business agreements with Iranian partners during the fifth session of Iran-Germany Economic Commission in Tehran on Monday.

The European country’s Vice…

The Oil Ministry plans to sell 100,000 barrels of Iran’s export grade crude oil on the Iran Energy Exchange.

“The plan currently awaits the Securities and Exchange Organization’s approval…

Tehran Stock Exchange’s main index lost 22.30 points or 0.03% to end Monday trade at 77,265.3.

More than 1.38 million shares valued at $84.1 million changed hands for the day.

Negin…

Iran’s motor oil exports stood at more than $960 million during the first five months of the current Iranian year (started March 20), according to an official with Iran Trade Promotion…

Iran’s annual gemstone exports amount to 240 billion rials ($67 million at market exchange rate), with turquoise and agate accounting for the lion’s share of the exports.

The global trade…

Turkish companies’ garment exports to Iran hit $237 million in the first eight months of 2016, with a 219% increase compared with the same period of a year before, the president of Istanbul …

Close to 1.1 million households participated online in the eighth round of the National Population and Housing Census since it began on Sept. 24 up to 6 a.m. on Oct. 3, according to the head of…

A high-ranking delegation from France’s Peugeot-Citroen (PSA Group) will visit Iran this week to launch the “executive phase” of the new joint venture with Iran Khodro Company, known as IKAP.

The 20th edition of Tabriz Automobile Industry and Spare Parts Trade Fair was held in the Iranian province of East Azarbaijan.

Representatives of several local and foreign firms took part…

SAIPA, Iran’s second largest auto manufacturer, is to produce a new Chinese mini-car in the country.Asbe Bokhar, a local automotive website, reported on September 29 that a Changan Benni has been…

Volkswagen’s sub-brand Skoda is reportedly entering the Iranian auto market by mid-2017, which confirms comments from the German-Iranian Chamber of Commerce that the brand will start production…

The Central Bank of Iran is studying eight new measures to strengthen its supervision over the banking system, CBI’s deputy for supervisory affairs announced on Sunday.   

“The…

Many banks around the world are gearing up for new business with Iran after years of sanctions were lifted in January. Not so the state-owned UCO Bank Ltd., which is forecasting lower profit after…

Bank Muscat has opened accounts for Iran’s Sina Bank, which allows the lender to open credit lines and offer bank guarantees in euro and the Omani rial. The two banks also agreed to start…

The Central Bank of Iran is trying to link domestic bank cards with neighboring countries, “as a part of the banking sector’s plans to help promote the tourism industry in Iran,” said CBI governor…

Tehran Stock Exchange’s main index lost 191.20 points or 0.25% to end Sunday trade at 77,287.6.

More than 1 billion shares valued at $55.4 million changed hands for the day.

Pars…

The National Iranian Oil Products Distribution Company said it will implement its previously postponed method for domestic airlines’ jet fuel payment as of October 22.

IRNA quoted NIOPDC…