Economy

Isfahan annually exports close to $800 million worth of gold bars, according to the Iranian province’s governor general, Rasoul Zargarpour. Mouteh Gold Mine, one of Iran’s biggest gold deposits,…

Iran is stepping up talks with potential foreign investors with an eye to develop its mining and metals industries, the president of the Iranian Mines and Mining Industries Development and…

Tehran Stock Exchange’s benchmark wiped 769 points or 1% during the week that ended on June 1 to stop at 76,084.

Over 4.5 billion shares valued at $270.8 million changed hands in 354,000…

Concerns in the financial community about doing deals in Iran are hampering Airbus Group SE’s ability to close a multibillion-dollar aircraft pact with Tehran, the European plane maker’s head of…

Tehran-based international financial services group Turquoise Partners periodically issues newsletters and factsheets about Iran’s economy, based on International Monetary Fund, World Bank and…

The Cabinet has announced that all the necessary steps would be taken so that 350,000 residential units are ready for delivery by the end of the present fiscal year that ends in March 2017. The…

The governor of the central bank has stressed the necessity of upholding environmental-friendly norms in economic policy and projects.

Insurance companies are allowed to offer discounts for auto insurance only up to 2.5%, according to a law called into action by President Hassan Rouhani on Wednesday.

Heading a delegation of representatives of workers and employers unions, Minister of Cooperatives, Labor and Social Welfare Ali Rabiei is heading for Geneva today to attend the 105th session of…

Iran’s railroads have the potential for the cross-border transport of 12 million tons of cargo per year, but only 4 million tons are currently utilized, said a board member at Islamic Republic…

The Iranian capital hosted the first Alu-Tech Partnership Seminar last week with a focus on technological developments in the production of structural parts as well as in automotive industry.

The tenure of former president Mahmoud Ahmadinejad is gaining notoriety as one of Iran’s worst periods in history.

Squandering of public funds on populist policies, systemic corruption,…

When sanctions on Iran were lifted in January, Russia might have expected to be near the front of the queue for business opportunities.

On the evidence of commerce passing through the…

The Armenian government announced on Thursday the signing of an agreement with Iran on abolishing visa requirements for Iranian travelers.

BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus Froehlich said.

The move includes a revamp of its “i” sub-brand of carbon-fiber…

Turkish passenger car and light commercial vehicle sales rose 15.16% year-on-year to 93,904 vehicles in May.

The organization said sales in the first five months of the year rose 0.3% to…

Japan’s transport ministry raided small-car maker Suzuki’s headquarters Friday in the wake of its shock admission that it used improper fuel-testing methods for years, affecting millions of cars…

Production of Brilliance H3 sedan has kicked off in China. The East Asian partner assembler of BMW launched its new large sedan previously known as F20 to the Chinese auto market this week. The…

Iran’s five specialized banks have an aggregate capital of 98 trillion rials ($3.6 billion), or 22% of the total capital of banks.

Ali Ashraf Afkhami, CEO of the Bank of Industry and Mine,…

The Joint Comprehensive Plan of Action (Iran’s nuclear deal with the six world powers) has had a “tangible” effect on Tehran’s international banking relations as it helped remove curbs on domestic…

The housing market has been grappling with a stubborn recession for at least three years and although housing officials and some market analysts hope for some recovery in the coming months, few if…

Iran and Turkey have reached an agreement based on which the Central Bank of Turkey will upgrade banking relations between the two countries to pre-sanctions levels, a sign of normalizing banking…

The United States must do more to assure international banks that they can do business with Iran, Iran’s Foreign Minister Mohammad Javad Zarif said on Tuesday. “It seems that there is a…

Trade Promotion Organization of Iran has urged all Iranian exporters to Iraq to ensure they have obtained their certificates of origin, as the Iraqi government has banned any import of goods…

Cooperative businesses exported $1.75 billion worth of their products in the last Iranian year (March 2015-16), said the deputy labor minister.

Hamid Kalantari added that the figure is…