Economy

Reiterating Central Bank of Iran policy obliging banks to focus on small and medium-sized enterprises by allocating them credits, the governor of the bank says the banking system has no limits…

Mi Business Bank, subsidiary of Bank Melli Iran in Russia, is providing services to traders in Russia, Iran and Central Asia. Gholamreza Panahi, said the head of Mir Business Bank.

“We also…

Iran has signed some $4.2 billion worth of industrial and commercial agreements with European countries after signing last year's nuclear deal with P5+1 (the five permanent members of the UN…

South Korea and Iran are set to begin discussions on boosting bilateral cooperation in the fisheries sector that will include a joint fish farming venture, the Seoul government said on Monday.

A joint working group in Baku on July 26 will study obstacles to cooperation between Iran and Azerbaijan on the financial issues of a project for the construction of Rasht-Astara railroad.

Iran exported 2.2 million tons of non-oil goods valued at $775.3 million to India during the first quarter of the current Iranian year (started March 20), which indicates a 6.5% increase compared…

Close to 2,500 tons of cutlassfish worth $64.5 million were exported from Iran in the last fiscal year (March 2015-16), which indicates a 30% increase compared to the previous year, according to…

The Trade Promotion Organization of Iran has again called on all Iranian exporters to Iraq to obtain certificates of origin since the Iraqi government has reimposed a ban on imports of goods…

Guinea’s Societé des Bauxites de Dabola-Tougue expects to begin the construction of a mine by the end of this year, which would allow it to exploit its large, untapped reserves of bauxite, the…

Iran brushes off speculations that the multibillion dollar agreements it signed with US-based planemaker Boeing and its French rival Airbus are threatened by delays resulting from financial and…

Together with its subsidiaries, Mobarakeh Steel Company is Iran’s largest steelmaker and flat steel producer, accounting for approximately 50% of the country’s total steel output and holding the…

Tehran Stock Exchange’s main index gained 282.60 points or 0.38% to end Monday trade at 75,466.5.

More than 890 million shares valued at $55.2 million changed hands for the day.

Iran…

The construction of Sabzevar’s direct-reduced iron production plant will be completed by the end of December, said the project’s manager. Saeed Nezamdoust added that the plant will become…

Trading of Iran Khodro Group’s shares has resumed at Tehran Stock Exchange, managing director of IKCO said.

Hashem Yekezare’s announcement follows the recent joint venture between Iran…

Audi aims to have three electric models by 2020, which should account for 25 to 30% of its sales by 2025, CEO Rupert Stadler told a German newspaper.

Under the plan, which Stadler presented…

An internal review ordered in mid-2015 by top Fiat Chrysler executives uncovered thousands of vehicle sales reported by FCA brands for which there were no actual buyers, according to two company…

The latest DS6 model was officially launched in Tehran on Sunday.  Arian Motor Taban, the legal representative of France’s DS cars in Iran, had organized the inaugural ceremony.  Company…

The involvement of banks in non-banking operations should be allowed “to a defined extent”, the director of Monetary and Banking Research Institute said.

“Banks need to run subsidiary…

A former head of the Association of Realtors says large amounts of capital is locked up in banks instead of being used to prop up the struggling manufacturing sector,

Noting that the…

The banking sector’s total debts to the Central Bank of Iran stood at 893 trillion rials ($28.9 billion) as of May 20 -- an increase of 6.6%, year-on-year according to Central Bank of Iran’s data…

The governor of the Central Bank of Iran announced that the Usury-Free Banking and the Central Bank Reform Bills will be sent to parliament by late August.  

As Iran pushes to get what it paid for in the landmark nuclear deal it signed a year ago with the six world powers, the country's private banks have taken the lead in rebuilding the financial…

A new storage facility for hazardous goods and inflammable material has been built at Imam Khomeini Port’s Special Economic Zone at a cost of 153 billion rials (more than $4.3 million at market…

Close to 640,000 tons of goods valued at $263.7 million were exported to Japan during the first three months of the current Iranian year (started March 20), which indicates a 30% drop over last…

Domestic rice production is projected to reach 2.3 million tons in the current Iranian year (March 2016-17), according to Kaveh Khaksar with the Ministry of Agriculture. Rice farmers in the…