Economy

Parsian Bank has reimbursed 11,000 depositors of the defunct Samen al-Hojaj Finance and Credit Institution. Last month, the bank accepted to take over the institution after it went under.…

Sales of Daimler's Mercedes-Benz cars increased by 20% in January to 150,814, buoyed by a 52% jump in China sales. The result represents the 35th consecutive month of increased volume at the…

An Iranian official has announced that France’s Peugeot will compensate for its previous contract with Iran.

India's Bajaj Auto Ltd. announced its net profit for the month of December quarter rose by 4.7% on last year's results.

The company said its surprising pickup in profits is due to its range…

The trade infrastructure on Pakistan-Iran border is being upgraded to boost bilateral trade ties, said Pakistani Minister for Commerce Khurram Dastgir.

A multipurpose, export terminal was inaugurated at Maku Free Trade Zone, located in West Azarbaijan Province, on Thursday.

The 12-hectar terminal took a year and $5 million to become…

The 10.4% rise in house rents over the last six months is the result of the  recession and low interest rates, prompting landlords to increase rents to make up for the loss in profit, a…

Italy’s UniCredit, a global banking and financial company, has expressed its willingness to cooperate with Iranian lenders, Valiollah Seif, governor of the Central Bank of Iran said, CBI’s website…

Bank of Ireland will not remove its restrictions on Iranian-related banking transactions despite the lifting of sanctions last month, the Irish Independent has reported.

Iran on Thursday called on the United States to make a clear public pledge that it would not penalize European banks for legitimate trade with the Islamic Republic.

Many foreign banks are…

FANAP ICT Company, affiliated to Bank Pasargad Iran, will hold a “FinTech” (financial technology) competition to promote banking and payment innovations. Software developers will have the…

Unifying foreign exchange rates demands reducing banks’ stressed assets, revising forex regulations and launching a foreign exchange interbank market, Gholam Ali Kamyab, CBI’s deputy for foreign…

An economic battle is likely for dominance of the skies over the Persian Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region’s supercarriers.

More than 130 tons of clinker–the primary raw material in the production of cement–have been exported to Turkmenistan via railroad, Mohammad Reza Qorbani, an official with the Islamic Republic of…

In collaboration with its partner Persian Group, a medium-sized German logistics company, is stepping up its services for Iran.

It has doubled them from two to four departures per week for…

Stocks on Tehran Stock Exchange continued their rally into their fifth week and closed just shy of their highest in 14 months, on the prospect of a speedy recovery following the removal of…

Solar water heating is the conversion of sunlight into renewable energy for water heating using a solar thermal collector.

SWH systems are designed to deliver hot water for most of the year…

Iranian Foreign Minister Mohammad Javad Zarif said good economic and commercial relations could resume with Britain. “Iran and Britain have had traditionally good commercial and economic relations…

Seven-thousand kilometers of highways are under construction across the country, says the managing director of Construction and Development of Transportation Infrastructure Company affiliated to…

A conference of Iran’s small and medium enterprises’ exporters opened at Tehran’s Shahid Beheshti University on Friday. It was attended by more than 700 domestic enterprises, members of Iran…

They say it brings a smile to your face. Saffron, king of all spices, is Iran’s red gold, and an ounce of it is even more expensive in some western supermarkets than the precious metal.

The…

Iran is seeking a long-term commitment from South Korean firms to invest in the Middle Eastern country as it puts behind western sanctions and strives for sustainable growth, Tehran’s envoy in…

Iran and Russia have initialed contracts worth around $40 billion, including for power engineering and railroad projects, Ali Akbar Velayati, top adviser to Iran’s Leader Ayatollah Seyyed Ali…

Online business owners have recently received tax papers from Iran's National Tax Organization, which has caused concerns among many young entrepreneurs.  

Before launching their…

The hundreds of millions of Chinese heading home for Lunar New Year have a relatively new travel option this year: mobile apps to find carpool partners to share costs in what is a novel concept…