Economy

All three major mobile operators in Iran are offering discounts on the eve of the Norouz (Iranian New Year) holidays (March 20-April 2), with some offering entirely free or "100% Discount" SIM…

Eihbank has opened €480 million worth of credit for Iranian banks since the lifting of the sanctions on January 16.

Bank of Industry and Mine, Eihbank’s major shareholder, accounts for €108…

When President Hassan Rouhani took office in 2013, he promised to put the economy back on track and had no choice but to tackle a hyperinflation, a severe recession and international sanctions…

An economist with the prestigious Sharif University of Technology believes bank ratings would be of no use if the Central Bank of Iran fails to publish the results and put them into effect.

Bank Sepah launched a new banking system for handling its foreign exchange operations. The platform, developed by Pooya Company, enables the bank to manage accounts based on international rules,…

More than 538,000 tons of glassware were produced from March 2015 to February 2016, indicating a 20.5% increase compared with the corresponding period of the previous year, Mehr News Agency…

The first shipment of Iranian dairy products was exported to Russia about 10 days ago, Iran’s Dairy Industries Society announced. “The shipment consisted of different types of hard cheese. The…

Afghanistan’s Ministry of Public Works said preliminary talks have started with Tehran and New Delhi for the establishment of a railroad linking Iran’s Chabahar Port to Herat Province in western…

The first Iranian Chamber of Commerce in China was inaugurated in the Iranian Embassy in Beijing on Monday, IRNA reported.

Describing Iran as the most stable country in West Asia, Foreign Minister Mohammad Javad Zarif invited New Zealand investors to seize the opportunities in the Iranian market.

Zarif made the…

The economy revolving around flowers is considerable and Iran’s flower market, notwithstanding all the shortcomings, is a big one, said the head of Flower and Ornamental Plant Research Institute…

Plans are underway to connect Iran and South Korea’s stock exchanges, announced Mohammad Fetanat, the head of Securities and Exchange Organization of Iran, during a meeting with the…

The government redeemed holders of its first batch of Islamic Treasury Bills this week, paying bond holders 5.58 trillion rials ($164 million at market exchange rate) in the process.

Tehran Stock Exchange’s main index TEDPIX advanced 870.20 points or 1.10% to close Monday trade at 80,236.7. Steel and mining companies as well as telecoms were the main driving force behind the…

According to South Korea’s Ministry of Oceans and Fisheries, the Islamic Republic of Iran Shipping Lines will start operating a 5,000-ton container ship to Busan Port once a week starting next…

A year planner or planner notebook is a small book or binder that is designed to be portable.

It usually contains a diary, calendar, address book, blank paper and other sections containing…

Foreign embassy workers in Iran will have new license plates in the upcoming Iranian year (starting March 20). The new license plates are one of the remaining registration marks in Iran to change…

Iran Khodro Industrial Group will sign an agreement with Mercedes-Benz in the first half of the new Iranian year (starting March 20).

Chief Executive Officer of IKCO Hashem Yekezare said…

Renault aims to double production capacity and market share in Iran, as the country’s economy opens up after the removal of western sanctions.

“The company is aiming for 20% of Iran’s…

The British government will allow driverless cars to be tested on UK motorways, helping to make the technology available to consumers by the end of the decade.

Exports from Anzali Free Zone in the northern province of Gilan have surged from $2 million in 2013 to $40 million in the 11 months ending Feb. 19, according to Reza Masrouri, CEO of the zone.…

Wheat imports in the upcoming Iranian year (to start March 20) are not banned but restricted, according to an official with the Government Trading Corporation of Iran.

"The temporary entry…

Lack of an effective tax policy for vacant homes has given rise to property hoarding in a market beset by recession.

As the housing market bubble burst in 2013, property owners suspended…

Italy’s sovereign wealth fund, Fondo Strategico Italiano, and the National Development Fund of Iran are negotiating the establishment of a joint fund worth $2 billion.

Iran’s Tejarat Bank and Export-Import Bank of China (Chexim) have signed an agreement to cooperate on financing projects and opening letters of credit.