Economy

The US-based multinational financial services corporation MasterCard has rejected recent reports about its cooperation with Iran.

MasterCard Spokesman Seth Eisen told Trend on August 15…

A memorandum of understanding was signed last week to develop Iran’s game and animation industries.

Iran’s Ministry of Industries, Mining and Trade announced that Apple Inc. has no official representative in Iran, although its products are widely sold by unauthorized sellers across Iran.

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Foreign insurance companies could help promote healthy competition in the Iranian market and bring considerable benefit to the public, said the head of Insurance Research Institution.

Economic Cooperation Organization’s member-states have called for the establishment of stronger banking relations.

On the second day of the 21st meeting of executive committees for ECO…

Shetab, Iran’s national interbank transaction network, hosted 1.3 billion transactions during the month ending June 20, with a total worth of 1.9 quadrillion rials ($61.2 billion). …

In the first four months of the current fiscal year ending July 21, Bank Maskan's loans for construction and purchase of residential units registered a significant growth year-on-year, announced…

The government paid 137 trillion rials ($3.87 billion) in cash subsidies during the first four months of the current fiscal year (March 21-July 21), according to the spokesperson of the Majlis…

Minister of Economic Affairs and Finance Ali Tayyebnia arrived in Beijing on Monday at the head of a delegation to attend the 16th session of the Iran-China Joint Economic Commission. The 15th…

Production units to be established in the less developed areas will be exempt from tax, deputy minister of industries, mining and trade, Hossein Abouyi Mehrizi has announced. Production units to…

The Islamic Republic of Iran Railways says plans are underway so that 7 million people can use suburban trains from the next fiscal year (starts in March 2017). According to the IRIR chief…

More than 5.5 million tons of goods valued at $2.5 billion were exported to the UAE during the first four months of the current fiscal year (March 20-July 21), which shows a 47% rise compared to…

The chambers of commerce of Iran and China have signed a memorandum of understanding to boost cooperation in China’s Belt and Road Initiative (B&R), which aims to connect China to Europe via…

Markets were unmoved by promising first quarter data on Monday as concerns over the future persisted. Poor company fundamentals meant few investors were elated at a sudden acceleration of economic…

About 476,000 tons of red meat was produced in official slaughterhouses across the country during the past fiscal year (ended in March), which indicates a 12% rise compared to the year before,…

Tehran Stock Exchange’s main index shed 376.30 points or 0.48% to end Monday trade at 77,828.8.

More than 1 billion shares valued at $54.5 million changed hands for the day.

Iran…

Iran has announced several projects to expand the local gas transportation network, lending support to local pipe producers.

The subsidiaries of National Iranian Copper Industries Company, including Sarcheshmeh, Sungun and Miduk copper mining companies, produced an aggregate of more than 371,360 tons of copper…

Two major Iranian auto manufacturers, namely Kerman Motor and Iran Khodro Company (IKCO), are testing several new models, three of which will be unveiled soon.

Kerman Motor, which in the…

Japanese automaker Nissan Motor Company has come up with a new type of gasoline engine it says may make some of today’s advanced diesel engines obsolete.

Iran’s first national auto inspection facility is being established by the Institute of Standards and Industrial Research of Iran.“The facility will be launched by the end…

Sales of passenger cars in China continue to surge.

In July, sales were up 26.3% year-on-year to reach 1.6 million units, the highest monthly growth in 30 months, according to the China…

Foreign exchange rates will be based on marketmechanisms, said the vice governor of the Central Bank of Iran on Sunday.

"When we move toward market forces, forex rates will also be based on…

One year after Iran's historic deal with major global powers, a vigorous debate has surfaced over whether the country has benefited from the accord based on what it was promised.

Export Development Bank of Iran will soon launch an online market place to exhibit Iranian exportable goods in 20 languages.Saied Mostashar, managing director of EDBI Holdings, said his bank…