Economy

Ali Rastegar, Bank Mellat’s CEO, said on Monday that the UK High Court has ruled in favor of his bank and it will receive $4 billion in compensation by late spring.

Indonesia said it is open to normal banking ties with Iran following the lifting of economic sanctions. “Banking relations, an obstacle we are facing, will soon resume,” President Joko Widodo said…

The Spanish S.L.M Group has signed a contract with Iran Minerals Production and Supply Company to invest in the establishment of a plant for the manufacture of eco-friendly bioethanol using coal…

Pundits are concerned that privatization in Iran, in the way it has been carried out, will actually damage the private sector, as quasi-state organizations continue to gain a stronger hold over…

Although investing in Iranian funds is broadly prohibited for US investors, for Europeans, it can be done—within limits—following the lifting on Jan. 16 of nuclear-related sanctions imposed on…

To improve trade ties between Iran and Malta, their respective chambers of commerce should play a more significant role, said Malta’s Foreign Minister George Vella in a meeting with Iranian…

As of next week, traders who choose Maku Free Trade Zone–located in West Azarbaijan Province—as their platform to export fruit and vegetable will be entitled to a 30% discount in transport costs,…

Order registrations for the import of drugs, food supplements and infant formula can now be carried out online, effectively shortening the process from one week to only one day, says Taqi…

Increasing bilateral trade in a wide range of sectors, including food and mining, was high on the agenda of the latest Iran-Poland Trade Conference held on Sunday in the Iranian city of Mashhad,…

Turkish Prime Minister Ahmet Davutoglu attended the Turkey-Iran Business Forum in Tehran over the weekend and called on Turkish and Iranian businesspeople to lift trade barriers between the two…

Japan’s Prime Minister Shinzo Abe has informed the Iranian government that he wishes to visit the country this year—a first trip by a Japanese leader in 38 years.

A comprehensive agreement of cooperation was signed on Monday by Iran’s Minister of Agricultural Jihad Mahmoud Hojjati and visiting Ukrainian Deputy Prime Minister Gennady Zubko during the fifth…

SAPCO and Iran Khodro Diesel displayed their capabilities and unveiled their latest products during the Iran Automotive Capabilities Exhibition held last week    

Iran Khodro…

Daimler’s chief executive said a German automaking consortium that controls the HERE digital mapping business is in talks with potential new members.

In August last year, German carmakers…

Gree Electric Appliances Inc., China’s largest air-conditioner maker, is buying electric vehicle company Zhuhai Yinlong New Energy Company to diversify its business beyond home appliances.

According to the CEO of the Bank of Industry and Mine, Iranian banks are now connected to SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Ali Ashraf Afkhami, said that…

The Export Guarantee Fund of Iran (EGFI), and the UK Export Finance (UKEF) have committed to enhancing trade and economic cooperation with a memorandum of understanding signed on March 5 to…

Expanding banking ties with Russia is a key factor in implementing the bilateral trade and economic agenda, Abdolnaser Hemmati, CEO of Bank Melli Iran said at the weekend.

Iranian and German banks will hold a meeting in April to discuss issues related to enhancing relations and improving the performance of Iranian lenders. The planned meeting was announced during a…

Tehran Stock Exchange’s all-share index TEDPIX inched up 70.80 points or 0.09% to end Sunday trade at 78,093 as gains by large-cap auto manufacturing and copper companies were mostly canceled out…

US investors are at risk of getting shut out of deals in Iran while their European competitors get a head-start on billions of dollars in opportunities unlocked by the lifting of international…

Iran is one of the last remaining places, short of Mars and the Moon, where there is significant opportunity. So says Sir Martin Sorrell, CEO of the global advertising giant WPP and one of the…

Thanks to its proximity to the coasts of Oman, Chabahar can play a pivotal role in exporting food to the Arab country, said Omani Commerce and Industry Minister Ali bin Masoud Al Sunaidy.

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The first blanket industry exhibition will be held in Tehran on Tuesday. Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh is scheduled to attend the event, in which advanced…

The United Kingdom’s British Airways, the Netherlands’ flag carrier airline KLM and the Malaysian AirAsia have expressed readiness to resume flights to the Iranian capital, says Mohammad…