Economy

Karafarin Insurance, affiliated to Karafarin Bank, on Wednesday signed a three-year contract with Bank Mellat, to use the private lenders’ e-banking, and investment banking services. Based on the…

Pakistani authorities on Friday started building a gate at the country’s border with Iran at Taftan to curb illegal trade. The construction of “Pakistan Gate” in Chagai district, to be completed…

More than $850 million (30 trillion rials at market exchange rate) are to be injected into the domestic housing market in the near future, as part of a new mortgage loan scheme to stimulate…

Steel industry is of utmost importance for Iran, as it is the main supplier to a range of vital sectors, including automotive and construction.

And the primary feedstock for keeping the…

Construction of the first section of the so-called Tehran-North Freeway that connects the capital city of Tehran to the northern Mazandaran Province has made 60% progress, the CEO of Tehran-North…

Tehran Stock Exchange’s benchmark index, TEDPIX, added 29.40 points or 0.04% on Saturday to end trade at 73,906.5.

Over 620 million shares valued at $40.9 million were traded for the day.…

Iran exported saffron worth $34 million in the first two months of the current fiscal year (March 20-May 20, 2016), registering a 4% decline compared to last year’s corresponding period,…

Trade between Iran and Russia saw a 69% rise in the first half of 2016 over last year's corresponding period.

Russian Minister of Energy Alexander Novak made the statement in a meeting with…

Chairman of Foreign Economic Relations Board of Turkey Omer Cihad Vardan said Turkey can prove instrumental in Iran’s integration into the global economy, particularly western markets.

Esfahan Steel Company has agreed to deliver 40,000 tons of rail to the Islamic Republic of Iran Railways by the end of the current Iranian year (March 2017), says IRIR’s deputy head, Saeed…

About 16.8 million tons of oil and non-oil products were loaded and unloaded in the ports of Hormozgan Province in southern Iran during the first two months of the current Iranian year (started…

Close to 200 entrepreneurs, business experts and representatives of banks, industries and companies from the Italian region of Emilia Romagna attended a meeting titled “Trade and Investment…

The newly launched direct flight between Tehran and the Caspian port city of Astrakhan in southern Russia has reduced the time and cost of transportation and facilitated bilateral trade, the…

Following the easing of economic sanctions at the beginning of this year, ZF Friedrichshafen is intensifying its business commitments in Iran.

The company has opened up the ZF Pars SSK…

Rolls-Royce has unveiled its first driverless vehicle, a concept car that promises to help its owner announce their importance to the world.

The Vision Next 100 is an autonomous vehicle…

An Iranian carmaker has called for expansion of trilateral ties with Turkish and Azerbaijani carmakers.

In an interview with Trend News Agency, the vice chairman of the board of directors…

Modiran Vehicle Manufacturing Company has unveiled its latest model in Kerman. The Chery Arrizo 5 was unveiled in Kerman’s Faiton Shopping Center Last week, the local automotive website Carnet…

Sugar production exceeded 1.5 million tons in the last Iranian year (March 2015-16), the head of Iran Sugar Association said.

“Sugar and sugar cubes have had the least price fluctuations…

The 5,100-TEU Iranian container ship docked at a quay in South Korea’s western port city of Incheon on June 15, 2016.

In a bid to develop railroad and other infrastructure at Chabahar Port, Indian steel companies will export rails worth $150 million to Iran in July.

The chief US agency in charge of implementing sanctions has added staff to help speed up processing applications from businesses hoping to trade with Iran, a US Treasury official said on Thursday…

Stocks sped up their descent in their third week of back-to-back losses in Tehran this week.

Both Tehran Stock Exchange and Iran Fara Bourse dropped, as fears about economic recovery were…

Heralding the arrival of new financial instruments for the stagnant housing sector, a deputy minister of roads and urban development said the new instruments were proposed by his ministry and are…

The International Court of Justice acknowledged it received a complaint from Iran, suing the United States over its decision to give the alleged victims of terrorist attacks blamed on Iran the…

Optimal allocation of bank credits, namely to the struggling SMEs, is important to get out of the recession, said the Governor of the Central Bank of Iran, Valiollah Seif.