Economy

More than 376,000 tons of commodities were offered on Iran Mercantile Exchange’s trading floors on Wednesday.

Iran Fara Bourse’s benchmark inched up 1.59 points or 0.22% on Wednesday to close at 728.39. More than 220 million securities changed hands in 12,238 transactions valued at $18.35. The highest…

Export Development Bank of Iran has reached an agreement with Bank of China—one of the top 10 banks in the world—to start cooperation, said the Iranian bank’s manager. “The state-run EDBI needs to…

A private bank official has urged his fellow bankers to adopt realistic banking ads that reflect the lives of ordinary citizens.

Babak Dorbeigi, director of Parsian Bank’s Public Relations…

The US dollar continued its weekly surge against the rial to hit a five-month high in the free market.

As of 1010 GMT, the greenback was traded at 34,200 rials at bureaux de change across…

The Central Bank of Iran plans to step up its fight against money laundering and terrorism financing to meet Financial Action Task Force’s standards, a CBI official said on Tuesday.

FATF is…

Measures taken by President Hassan Rouhani’s administration have resulted in the improvement of trade balance in the agriculture sector by $2.5 billion, said the deputy agriculture minister in…

Emirates SkyCargo, the freight division of Emirates, is set to increase its cargo capacity to Iran when parent passenger airline Emirates begins its five daily non-stop flights to Mashhad from…

Pakistan is framing a five-year trade and investment plan with Iran under the new scenario where the Islamic Republic has struck a nuclear deal with major world powers and is foreseeing the…

Iran is planning to embark on joint venture production of clothes with Turkey in Maku Free Trade Zone, announced the managing director of the FTZ. “The high import tariffs on apparel have caused…

Ukraine’s Minister of Economy and Trade Aivaras Abromavičius accompanied by a trade delegation is scheduled to arrive in Tehran for a three-day visit on September 14 to expand bilateral trade ties…

The exports of chicken and eggs to Iraq and Afghanistan have resumed, announced deputy minister of agriculture for livestock production affairs.

In the new atmosphere emerging in the wake of the July nuclear agreement between Iran and six world powers, car importers need to become more competitive to be able to survive in the domestic…

A senior Iranian official has invited South Korean carmakers and auto part manufacturers to set up production lines in Iran.  

Head of Trade Promotion Organization of Iran, Valiollah…

The country's largest vehicle manufacturer, Iran Khodro Company, has launched a new website focusing on engineering and auto market studies. According to IKCO's marketing and sales deputy, Mostafa…

Toyota Motor Corp. is beginning trial production of cars at the China plants that were shut after explosions in the city of Tianjin, the first step in reopening the facilities following a two-week…

Bank Tejarat and the Iranian Gas Transmission Company have signed a memorandum of understanding to upgrade bilateral cooperation. Bank Tejarat agreed on Monday to open letters of credit and…

Despite efforts by banking officials to help legalize leasing by banks in the housing market, no official permission has yet been issued, a top banking manager said.

"Negotiations with…

Governor of the Central Bank of Iran Valiollah Seif said in his first comments on the controversy surrounding the revised tax law that there is a “serious commitment” on the part of CBI to prevent…

As falling gold prices continue to fuel strong buying interest, a Qatar-based bank is building up its gold supply to meet increased consumer appetite for the yellow metal.

The nuclear deal that the US and Europe signed with Iran on July 14 could slowly phase out many economic sanctions, finally allowing western companies to sell their wares in the country and…

The potential of Belarus-Iran economic relations is still untapped, Vice Speaker of the House of Representatives of the National Assembly of Belarus Viktor Guminsky said, as he met with head of…

Last year the Ministry of Agricultural Jihad enforced the ban on fruit imports to support domestic production.

South Korea is hoping to boost cooperation with Iran’s steel sector, as the domestic construction sector picks up following the lifting of economic sections.  

Tehran Stock Exchange witnessed a fresh rout on Tuesday with the overall index shedding 454.3 points or 0.7% to end at 64,197.3. This is TEDPIX’s third consecutive day in red.