Economy

Japanese automaker Honda is seeing a 20% jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive airbag recall. Honda Motor Co. reported on Friday…

The Iranian automotive market is set for a major boost, as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be  business-ready…

Total money supply continued its expansion in the first quarter of the current Iranian year—starting 21 March, 2015—as the central bank's expansive monetary policy continued.

Iran's total…

When the Money and Credit Council, the highest policymaking body of the central bank, agreed in May to almost double the mortgage loan offered to first-time buyers in Tehran, the initiative was…

Iran’s insurance industry would access $20 million of its frozen assets and resume ties with European insurers once sanctions are lifted following the recent nuclear agreement between Iran and the…

Bank Saderat outperformed 19 banks in terms of providing young couples with marriage loans over the last Iranian year (ended March 20, 2015). Granting 22% of total marriage loans, Saderat…

The Central Bank of Iran has reported a 11.1% increase in the producer price index (PPI) in the 12-month period ending July 21, which marks the end of the fourth Iranian month Tir, compared to the…

Despite plans by the government to increase the volume of non-oil exports during the current Iranian year (started March 21), reports indicate that both export and import of non-oil commodities…

Tehran University Faculty of Engineering had a special guest speaker on 22 July: Top presidential economic advisor Masoud Nili who also serves as the head of the Institute for Management and…

On the first visit to Iran in 12 years by a French foreign minister, Laurent Fabius met with top Iranian officials including Minister of Industries, Mining and Trade Mohammadreza Nematzadeh and…

The 8th Iran-Zimbabwe Joint Permanent Commission, co-chaired by Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei and Zimbabwe’s Foreign Minister Simbarashe Mumbengegwi, ended…

Azeribaijan’s Minister of Economy and Industry Shahin Mustafayev, heading a delegation of governmental and private representatives from energy, transportation, communication, banking and oil…

Spain’s Ambassador to Iran Pedro Antonio Villena Pérez is visiting Lorestan Province’s capital Khoramabad today (August 1), Mehr News Agency quoted head of Khorramabad’s Chamber of Commerce,…

Iran Fara Bourse saw a 102% surge in the number of transactions during the week that ended July 29, compared with the previous trading week. According to IFB, a total of 652 million securities…

Tehran Stock Exchange’s overall index had a seesaw trading in the week that ended July 29, snapping a seven-day losing streak, but falling short of wiping out the big losses incurred lately.

After Iran and world powers reached a landmark deal to end a 12-year dispute over Iran’s nuclear energy program, US-Iran Chamber of Commerce took a step forward by launching its official website (…

Hot on the heels of this month’s historic nuclear agreement between Iran and six world powers, corporate giants are rushing to enter the country, which is considered the last emerging…

There are great opportunities for Turkish business in Iran, now that the accord with the world powers has begun the lifting of sanctions.

“A vast market will now be open to both Turkish…

A humanoid robot that will teach children about electronic banking will be unveiled this week.

Sony on Thursday reported a 39% rise in quarterly profit on strong sales of camera sensors and PlayStation 4 videogames, beating analyst estimates and helping to reassure investors a recent stock…

A man has been arrested in the US state of Kentucky after shooting down a camera-equipped drone that was hovering above his property.

Considering the drone’s presence over his property to…

Iran’s highest banking regulatory body approved a directive for banking operations in economic free zones on Tuesday. The Money and Credit Council’s directive aims to ease the attraction of…

While Iran’s historic nuclear deal with the world powers will give Tehran access to its blocked assets, a banking expert said $23 billion in unfrozen assets would be transferred to the Central…

Parliamentarians have stepped in once again to resolve the ongoing troubles of Mizan Financial Institution. In a letter addressed to heads of the executive and judiciary branches, 35 lawmakers…

Despite criticisms by financial and housing experts, a member of the Securities and Exchange Organization’s high council has revealed details on the launch of a real-estate bourse in Tehran,…