Economy

Iran is working to dispel irrational fears about engagement with its banking system, which have withheld major foreign banks from doing business with Iran.  Director of Foreign Ministry's…

Shahr Bank has installed a foreign currency exchange automated teller machine in Mashhad’s Hasheminejad International Airport. The machine is developed by Pouya Company that specializes in banking…

Cooperatives will receive a fourth of the total 160 trillion rials ($5.1 billion at market exchange rate) planned for financing small- and medium-sized enterprises, said the interim CEO of…

South of Iran Aquaculture Research Center affiliated to the Ministry of Agricultural has placed a ban on shrimp fishing as of September 6 in several fishing zones including Khuzestan Province’s…

More than 87,500 tons of non-crude oil goods worth nearly $316 million were exported from Kerman Province in southeast Iran during the first four months of the current fiscal year to June,…

So far 1,500 food companies have obtained halal brand license in Iran, according to the director general of the Islamic Chamber Research and Information Center (ICRIC). “At present, demand for…

Dentons’ Continental European arm is set to launch an Iran offering in association with local firm Arman Pirouzan Parvine Legal Institute.

Busy wiring a semi-manufactured metro car, Siamak Ghasemi was too concentrated to notice that he was being photographed.

When realizing that half a minute later, the 36-year-old gave a…

Since the beginning of the harvest season four months ago, close to 116,000 tons of fresh tea leaves worth over 200 billion rials (nearly $56.9 million) have been purchased from local farmers by…

The privatization process accelerated after President Hassan Rouhani took office, Securities and Exchange News Agency (SENA) reported on Tuesday. Nearly 392 trillion rials of government property…

The pharmaceutical industry is one of the promising sectors of the Iranian economy post-sanctions.

Iranian banks now own 1,343 foreclosed industrial units, essentially turning them into corporate holdings, IRNA reported.

According to Kamal Al-din Pir-Mo’azzen, a member of Iran Small…

Tehran Stock Exchange’s main index gained 72.60 points or 0.09% to end Wednesday trade at 76,742.2.

More than 1 billion shares valued at $53.3 million changed hands for the day.

Iran…

New-car sales in Western Europe rose 8.1% in August, thanks to increased demand in Italy, Spain, France, Germany and the UK.

Iran’s Auto Importers Association announced that the recent report about “lifting the ban on luxury cars” has been misinterpreted. According to the director of the organization, Maysam Rezaei, the…

Pars Khodro announced that it in talks to resume the production of Nissan’s Qashqai inside Iran.

In a ceremony held on the occasion of unveiling Sandero Stepway in Tehran on September 6,…

Volkswagen is exploring a potential joint venture with Chinese automaker Anhui Jianghuai Automobile (JAC), Chinese media reported on Wednesday.

JAC said in a statement on Shanghai Stock…

Iran will provide its citizens with specialized life insurance policies, announced the president of Central Insurance of Iran.”The first specialized life insurance will be offered soon,”…

The High Council on Anti-Money Laundering on Tuesday issued a statement in defense of collaboration with the Financial Action Task Force –an international initiative to combat money laundering and…

Bank of Industry and Mine is negotiating a $3 billion credit line with a consortium of six European banks, said the bank’s CEO Ali Ashraf Afkhami on Tuesday.

“The credit line will be used…

Banks have lent six trillion rials ($167.3 million) to 7,500 small and medium sized factories so far this year, according to Mohammadreza Nematzadeh, the minister of industries, mines and trade.…

The number of Iranian traders using railroad for exports to Turkmenistan has been on the rise following the neighboring country’s recent decision to increase tariffs on Iranian transit trucks, CEO…

Senior advisor to the president and Secretary of the High Council of Free Zones, Akbar Torkan attended the opening ceremony of Iran-Afghanistan Joint Exhibition in Kabul on Tuesday. More than 75…

Exports to Oman is expected to double in this fiscal year compared to last year’s $375 million, Iran’s commercial attaché to the neighboring country, Abbas Abdolkhani said.  The current…

Deputy Energy Minister Rahim Meydani says Iran must put an end to policies that promote water-intensive yet low-value agricultural products because “the country’s development won’t occur through…