Economy

In line with efforts that started last year to organize the foreign exchange market, the Central Bank of Iran has shut down 13 uncertified bureaux de change and intends to take firm action against…

The Central Bank of Iran has confirmed that Bank Parsian is assigned to take over the insolvent financial institution, Samen-al-Hojaj, according to a statement on the CBI website.

Bank…

Iran is set to reengage with international banking and lending institutions within weeks as they link up with their Iranian counterparts using global transaction network SWIFT, Iran’s Middle East…

Metal cans are designed to hold a portion of food or liquid, with the top end removable by pulling off the ring attached to it, which provides easy access to the content without causing any injury…

Two decades after he hauled a suitcase full of cash onto the floor of the Moscow Stock Exchange to buy up shares in the aftermath of communism, Dominic Bokor-Ingram has taken a similar early punt…

Tehran Stock Exchange’s overall index TEDPIX gained 397.90 points or 0.60% to end Saturday trade at 66,960.4.

Over 2.1 billion shares valued at $149.4 million were traded, posting a…

More than 150 industrialists, experts and chiefs of aviation operators and suppliers from around the world, such as International Air Transport Association and International Civil Aviation…

Iran produced more than 19 million tons of iron ore concentrates from March to December 2015, indicating a 1% rise compared with last year’s corresponding period, Iranian Mines and Mining…

In the wake of last weekend’s lifting of economic sanctions on Iran, an official delegation from Iran is due in Colombo on February 23 to discuss the resumption of normal trade ties.

Iran Mercantile Exchange’s agricultural trading board witnessed the supply of 2,180 tons of corn, 1,000 tons of wheat and 500 tons of unprocessed soybean oil on Saturday.

More than 20,000…

Iranian traders are banned from reexporting Turkish products to Russia, said deputy head of Trade Promotion Organization of Iran.

Iran is in talks with German airline TUIfly to lease passenger aircraft. “Talks are underway, but no decision has been made so far regarding the number of planes and the operation’s starting date…

Iran is in talks with Russia to outsource wood production to the forest-rich country, said the head of Forests, Range and Watershed Management Organization affiliated with the Agricultural Jihad…

Iran is pushing full throttle to reestablish business with the rest of the world, as western companies move cautiously to renew ties abandoned during international economic sanctions that largely…

The goods and services Consumer Price Index for urban areas increased by 12.2% in the 12-month period ending January 20, which marks the end of the Iranian month of Dey, compared with last year’s…

Contracts with foreign automakers will gradually enter the execution phase in a month, a deputy industries minister has announced.

Mohsen Salehinia also described the latest status of the…

Iranian National Standards Organization is examining the standards used by the European New Car Assessment Program to apply them to vehicles produced locally for improving their quality, said the…

Mirza Sadeq and a dozen of his fellow Iranians are attending a 25-day training course at the headquarters of China’s leading car producer, Chery Automobile, in Wuhu City, Anhui Province.

Audi has been playing with electric e-tron concepts for years, but until now there has appeared little intent to make the endless concepts much more than interesting diversions.

However,…

The removal of sanctions on Iran may trigger at least $50 billion a year in foreign investment to finance a rebound in an economy hit by the oil slump, the country’s central bank governor said.

UK forwarding and logistics services group Seafast Logistics this week announced the formation of a joint-venture partnership with long-established Iranian logistics provider Seven Seas Tehran.…

The 42-day delay before the government submitted the draft of the 2016-17 budget to the parliament attracted little attention in the spate of good news triggered by the removal of international…

Iran’s capital market regulator wants to develop a market for mortgage-backed securities and has published rules covering them, the latest move by authorities to revamp the financial sector.

The implementation of Iran's landmark nuclear deal with world powers this past Iranian week (ended Jan. 22) breathed new life into the stock market that has been stagnating at two-year lows until…

Siemens AG’s contract to build rail coaches and upgrade train lines in Iran is valued at between €1.5 billion ($1.6 billion) and €2 billion, making Europe’s largest engineering company one of the…