Economy

The deadline for registering Bureaux de change with the Central Bank of Iran ended on Wednesday.

The bureaux had to apply for an operating permit from the central bank, by meeting the bank'…

With an exception of 2015, Iran’s insurance sector is forecast to grow in future, as the economy is expected to improve, but the growth will operate below the sector’s capacity, a report says.…

In a move to boost bilateral ties between Iran and Iraq, a delegation headed by the CEOs of two Iranian banks traveled to Iraq on Tuesday.

CEO of Keshavarzi Bank Morteza Shahidzadeh was…

National Development Fund’s board members have revised their list of priorities for business lending. At their latest meeting held on Tuesday, the board members agreed to expand their lending…

An exclusive trade exhibition sponsored by Trade Promotion Organization of Iran and Islamic Republic of Iran’s Embassy in Afghanistan, will be held in Mazar-e-Sharif Province in northern…

Japan will launch talks with Iran toward an investment agreement as Tokyo moves to lift economic sanctions in the wake of the nuclear deal reached in July.

The heads of the customs services of Azerbaijan, Russia, Iran and India will discuss the coordination of customs conditions as part of the North-South corridor project in the near future, Indian…

Hyundai Development Company Group is going to invest in Iran, US-based online news publication International Business Times reported on Tuesday, adding that the South Korean company will invest in…

A Pakistani trade delegation arrived in the Sistan-Baluchestan Provincial capital, Zahedan late on Tuesday to attend the 3rd meeting of Iran-Pakistan Trade Commission from August 19 to 20. The…

About 250,000 tons of goods worth $62 million were exported from North Khorasan Province in the first four months of the current Iranian year (started March 21), indicating a 13% decrease in terms…

Automakers building cars in Russia such as Volkswagen and Ford Motor Co. have been hit hard by the ruble's steep decline, which has increased the cost of the foreign parts they rely on, forcing…

The first Iran-made turbo-charged engine is expected to be mass-produced by the first half of the Iranian year (Sept. 22), according to a new report.    

Zamyad Company has completed the production trial of a new truck named Padra. According to the company's PR Manager Rasoul Alizadeh, the standards and safety certification marks have been obtained…

The government plans to delegate all unfinished projects to the private sector in view of the tight fiscal budget this Iranian year (started on March 21), says First Vice President Es'haq…

Iran accounts for 130-160 tons of the 200 tons of saffron produced worldwide every year and ranks first and far ahead of Spain, Italy, the US, China, Afghanistan, Austria, Switzerland and…

Following the July announcement by chairman of India’s state-owned Kudremukh Iron Ore Company, Malay Chatterjee, that the company plans to sell as much as two million tons of pellets to Iran, head…

The looming threat of underpriced steel imports has turned into a major concern for Iranian steelmakers who are already struggling with numerous domestic hassles.

Tehran Stock Exchange’s benchmark failed to extend its Monday gain and lost 113.1 points or 0.17% to end at 65,189.4 on Tuesday to underline the prevailing dented sentiment in the equity market.…

More than 125,300 tons of commodities were offered by 32 local suppliers on Iran Mercantile Exchange’s trading floors on Tuesday. According to IME, the oil and petrochemical trading floor played…

Head of the Economic Office at the Central Bank of Iran has touted the government’s oversight and control of liquidity, saying the ideal growth for money supply in an economy like Iran would be…

The plan to cut zeros from the Iranian national currency—the rial—has been deliberated by the Central Bank of Iran for sometime now. The policy was successfully initiated by several countries in…

The government is going ahead with its plan to create a centralized foreign exchange market, according to Economy Minister Ali Tayyebnia.

Tayyebnia made the announcement on Monday night…

India is preparing to pay the first installment of dues it owes to Iran for oil import as early as next week, Press Trust of India reported this week, citing finance secretary Rajiv Mehrishi. With…

Poultry and livestock production has exceeded domestic demand and it is high time the sector considered increasing exports, said the director general of Livestock Department at the Ministry of…

Mohsen Pak Ayeen, Iran’s ambassador to Azerbaijan says the lifting of sanctions will promote Tehran’s relations with Baku.

“I hope, relations between Azerbaijan and Iran will get closer,…