Economy

A Japanese delegation will visit Tehran in December to discuss a deal to sell short-haul planes made by Mitsubishi Aircraft Corporation to Iran, according to deputy Transport Minister Asghar…

Trade between Iran and Brazil stood at $475.4 million during the past Iranian year that ended in March – down 4.5% compared to the preceding year.

Iran’s imports reached $451.8 million…

As part of the sixth five-year development plan (2016-21), the supervisory and disciplinary authority of the Central Bank of Iran over the money market, particularly financial and credit…

Monetary and Banking Research Institute, affiliated with the Central Bank of Iran, has begun studying ways though which the country could adopt EMV chip card standards, helping the country relink…

A senior member of the Central Bank of Iran’s Fiqh Council hoped that with the newly-enhanced legal status of the council, it can soon begin its efforts in an official vein and increase people’s…

In cooperation with the German-Iranian Chamber of Commerce and Industry (AHK Iran), The Business Year, a London-based research firm and publisher of annual economic resources, this week held in…

The Ministry of Industries, Mining and Trade and the Headquarters for Combating Smuggling of Goods and Foreign Currency have joined forces to stop contraband auto parts from entering the country…

According to the latest production figure released by the Ministry of Industries, Mining and Trade, Iran manufactured 95,314 passenger vehicles in the last Iranian month (June 21-July 21).

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Tesla Motors Inc. disclosed $1.1 billion in third quarter cash requirements in payments and planned expenditures, about a third of the cash on hand mid-year, in a new sign of pressure on the…

Arian Motor, the sole distributor of Mitsubishi cars and Citroen’s premium DS brand in Iran, reported that the company’s sales strategy has proven successful.

The vice-governor of the Central Bank of Iran says although re-establishing banking links with major global banks is a time-consuming process, the government will nonetheless push to revive …

The director of the Export Guarantee Fund of Iran announced that Iran’s forex resources are close to $100 billion. Seyyed Kamal Seyyed Ali said the size of the country’s foreign currency resources…

The Banking Overhaul Plan, signed by President Hassan Rouhani in early July, allows the banking sector to finance innovative schemes, which “will positively impact the growth of the knowledge-…

A recent decision by the Supreme Council of the Insurance Industry to lower the rate of return for term life insurance policies and shorten the minimum duration of their contracts has jeopardized…

Bank Sepah’s CEO Wednesday said the bank’s biggest debtor has been detained by the police after nine years on the run. Mohammad Kazem Choghazardi said the suspect owed the bank 1.5 trillion rials…

The Second Iran Mines and Mining Industries Summit, otherwise known as IMIS 2016, will be held in Tehran on December 10-11.

The Third Iran Steel Export Perspectives Conference is scheduled to be held on September 7 in Dubai, the UAE.

The conference has been hosted by the Ukraine-based steel market analysis firm…

Over the first three months of 2016, Iran produced 3.7 million tons of direct-reduced iron, outpacing India, with 3.6 million tons, which was formerly holding the leading position in the world,…

Russian President Vladimir Putin said transactions with Iran during the first five months of 2016 grew by 70% to reach $855 million.

Circulating warning messages on social media against the import of red bananas infected with HIV virus are baseless and unscientific, the head of Agricultural Products Exporters’ Association said…

The South Korean government sent a group of delegates to Iran on Thursday to support local environmental enterprises in making inroads into the largely untapped market.

Iran-Turkey trade registered an 11.78% decline in the first half of 2016 and reached $4.78 billion compared with last year’s corresponding period, IRNA reported citing Turkish Statistical…

Ninety-two percent of Iran’s villagers have access to asphalted roads, according to the Ministry of Roads and Urban Development. At present, 105,000 kilometers of rural roads have been paved with…

The Iranian apparel market is worth $11.5 billion per annum, with imports accounting for $2.5-3 billion of the sum, according to former director of the Association of Iran Textile Industries.

All startup companies will enjoy tax relief as of next year (March 2017-18), said Naser-Ali Sa’adat, the head of Iranian ICT Guild Organization.

According to Asghar Nourollah-Zadeh, the…