Economy

Drivers’ performance and third-party vehicle insurance data will go online by Jan. 20 in an attempt to enhance transparency and ease of data transfer for the industry. The planned system will help…

Eihbank (EUROPAEISCH-IRANISCHE HANDELSBANK) wants to increase the number of its branches in Europe, said Ali Ashraf Afkhami, Bank of Mine and Industry’s chief executive at a meeting with a Spanish…

Paving the way for foreign firms to return to the Iranian market and bring along advanced technology is among the top priorities, Akbar Torkan, senior advisor to President Hassan Rouhani said on…

Foreign exchange derivatives market could help boost confidence among businesses, a senior banking official said.

Correcting the name “foreign currency bourse” to “foreign currency…

The Supreme Court on Wednesday will hear arguments in an appeal by the Central Bank of Iran, to reverse a 2014 lower-court ruling that said assets worth nearly $2 billion in frozen Iranian funds…

Iran Mercantile Exchange’s export trading board played host to 45,000 tons of granulated iron ore by Golgohar Iron Ore Complex at the base price of $18 per ton on Wednesday.

The same board…

Mobarakeh Steel Company supplies nearly half of the raw materials and steel products needed by 3,000 domestic manufacturers of pipes and profiles, oil, gas and petrochemicals, autos and auto parts…

Persian Gulf Special Economic Zone, located in the southern Hormozgan Province, exported more than 3 million tons of minerals and mineral products valued at over $610 million from March to…

Stocks hit a four-month high on Wednesday, with the main index of Tehran Stock Exchange capping its largest daily gain since July 13, rising more than 1%.

The rally in banking stocks in…

Airbus is poised to reenter the Iranian passenger jet market, as western sanctions begin to roll back.

Fabrice Bregier, head of Airbus’s passenger jet unit, said the company had an…

Mesh fence, also called chain-link fence, is usually made from galvanized steel wire. The popularity of chain-link fence is due to its relatively low cost and transparency. One can make it…

Iranian automotive suppliers are strongly optimistic of securing joint venture deals with western partners, as decades of pent-up energy are poised to unleash with the lifting of international…

Three of the world’s largest carmakers, Volkswagen, Hyundai and Daewoo, are in talks with Iran’s Kerman Motor Company to begin manufacturing their latest products at Iran’s third largest…

Vehicle auditing methods have recently been restructured to improve quality and meet the needs of customers, said the head of the vehicles department affiliated to the Ministry of Industries,…

The Renault-Nissan alliance is ready to expand its manufacturing footprint in Iran once sanctions are lifted, but will be “extremely careful” about the execution, CEO Carlos Ghosn said on Monday…

Iran’s second largest car manufacturer, SAIPA, started the presales of its latest model named Saina on Monday.   The new vehicle is made on the same platform as SAIPA’s Tiba and is…

Promoting e-banking requires modifications in the structure of the regulatory body to bring the sector in line with the country’s technological capability, Ali Kermanshah, Central Bank of Iran…

The High Council of Construction and Architecture has developed a set of regulations for construction of buildings with over 12 stories in Tehran. Builders must henceforth get an environmental…

Iranian banks are likely to be reconnected soon to the SWIFT financial transaction system of which they were deprived as a result of the international economic sanctions. However, experts say the…

Tehran’s dormant property sector is getting a glimpse of a window opening in the office market as foreign companies gradually warm up to the expected economic revival.

Stable forex rates will help expand exports while rendering decision-making and planning easier in the key sector, Abolfazl Sharif, a senior member of Iran Chamber of Commerce said on Tuesday.

Tehran Stock Exchange’s overall index TEDPIX gained a meager 51.30 points or 0.08% to settle Tuesday trade at 62,840.

Close to 1.4 billion shares valued at over $65.8 million changed hands…

Close to 20 million tons of clinker–the main material used in the production of cement–are currently stored in warehouses due to shrinking demand, said managing director of Lamerd Cement Company,…

Iran’s Customs Administration has levied an average of 18.8% duty on imports in the current Iranian year (started March 21, 2015), according to the Trade Promotion Organization of Iran.

To improve political and economic relations, Slovenia will reopen its embassy in Tehran by the end of January, declared the European country’s visiting Minister of Economic Development and…