Economy

Carmaker Skoda Auto plans to market its products in Iran, as Volkswagen’s low-cost subsidiary believes the domestic market has high growth potential.  Tomas Kubik, the spokesperson for Skoda…

Apple’s secretive automotive project, named “Project Titan”, has taken a major step forward with the naming of long-time executive Bob Mansfield as project leader.

After stepping down from…

The Bank Mellat sanctions litigation, which has been through both the UK Supreme Court and the European Union Court of Justice, is now going back to the UK High Court to deal with the damages…

The government has allocated 3 trillion rials ($97 million) to the Export Development Bank of Iran to provide exporters with loans at 14%, said an official in Trade Promotion Organization. The…

The governor of the Central Bank of Iran said after the easing of sanctions in January, the number of correspondent relations between Iranian banks and their foreign peers has increased. According…

A banking expert says concerns regarding Iran cooperation with the Financial Action Task Force and the Islamic Republic’s membership in FATF are not insurmountable.

Commercial operations at Iran's southern Chabahar Port are expected to start in 18-24 months, says India's Minister of State for Shipping P Radhakrishnan.

In May, India signed a milestone…

About 19% of Tehran’s population reside in dilapidated buildings that are spread across 5% or 3,268 hectares of land throughout the capital, according to CEO of Tehran Renovation Organization,…

Close to 1 billion liters of mineral water were produced in Iran over the past fiscal year (March 2015-16), according to the head of Iranian Bottled Water Association. “The industry had nearly $10…

Rail freight transport saw a 10% increase in tonnage and a 7.3% rise in ton-kilometer during the first three months of the current Iranian year (started March 20), according to the head of…

The goods and services Consumer Price Index for urban areas in the 12 months ending July 21, which marks the end of the Iranian month of Tir, increased 9.2% compared with last year’s corresponding…

Iran’s non-oil exports during the first four months of the current fiscal year (started March 20) exceeded imports by about $4 billion, according to First Vice President Es’haq Jahangiri.

An international conference on investment opportunities in post-sanctions Iran opened in the Malaysian capital Kuala Lumpur on Tuesday.

Nigerian President Muhammadu Buhari has described the Iranian economy as an inspiration and a model that will aid Nigeria in its quest for economic recovery in the wake of the economic crisis…

Iran seeks to increase its share of global ferrochrome markets in light of China cutting down on production capacities in some of its industrial sectors, including ferrochrome, and the country’s…

CEO of flag carrier Iran Air Farhad Parvaresh said the airline’s talks with French planemaker Airbus and French-Italian manufacturer of short-haul aircraft ATR are making progress.

“None of…

Corn and frozen chicken joined Iran Mercantile Exchange’s tradable commodities list this week, with the aim of keeping middlemen out of the markets for these products.

Commodities trading…

In the current Iranian year (March 2016-17) the Iranian government has allocated over $16 billion to implement construction projects across the country, according to Mohammad Baqher Nobakht, the…

Tehran-based law firm Open Iran Group and London-based International Finance Magazine plan to hold “Focus Iran Summit” in the Iranian capital’s Espinas Hotel from 26th to 27th September 2016.

Tehran Stock Exchange’s main index inched up by 34.50 points or 0.05% to end Tuesday trade at 75,501.

More than 775 million shares valued at $50.1 million changed hands for the day.

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The Communications Regulatory Authority of Iran has announced that it has agreed in principle to issue 19 licenses to entities for operating as mobile virtual network operator.

Iran’s telecommunications market is reported to have generated $6.5 billion in service revenues through 2015 and is now likely to grow at a Compound Annual Growth Rate of 0.4% in the five-year…

In 2016, 53% of Iranians had a social network profile, according to a new report.

Estimates show the number of worldwide social media users reached 1.96 billion, which shows 26% of the…

The Supreme Council of the Insurance Industry in a statement Monday required insurers to offer approximately 16% returns on life insurance policy and annuities with two-year contracts.  

In a new directive the Central Bank of Iran delved into the much-discussed matter of marriage loans, obliging specific agent banks in the banking system to issue 150,000 loans per month.