Economy

Foreign tobacco brands will come to Iran for joint venture production if cigarette imports cease by the end of the current Iranian year (March 19, 2016), said the CEO of Iranian Tobacco Company.…

The Deutsche Gesellschaft für Internationale Zusammenarbeit Vice Chairman of Management Board and Managing Director Christoph Beier met with Iran’s deputy head of Ports and Maritime Organization…

The Statistical Center of Iran has recorded 14.1% growth in the goods and services Consumer Price Index for urban areas in the 12-month period ending July 21, which marks the end of the fourth…

Iran Mercantile Exchange’s secondary market featured 500 tons of tomato paste offered by Isfahan Food Company for the first time, priced at 24,500 rials per kg on Saturday. As IME reported, the…

Iran Fara Bourse’s benchmark IFX notched down 11.36 points or 1.41% to close at 791.88 on Saturday.

More than 60 million securities traded at IFB in 11,041 transactions valued at $15.62…

The Ministry of Agricultural Jihad plans to cultivate corps in 500,000 hectares of foreign land over the next couple of years as part of its “Agriculture Beyond Borders” program, according to…

Tehran Stock Exchange’s main index extended its losing streak for the fifth consecutive day at Saturday’s close, with almost all leading listed companies reaching their negative volatility cap…

In Southeast Asia, Indonesia and Singapore’s ministries of foreign affairs have each published a statement that expressed their positive sentiments toward JCPOA.

Singapore’s statement urged…

The presale of Lifan's small X50 SUV started at the start of the current Iranian month (starting July 21).  X50 is the Chinese company's newest offering in the Iranian market following other…

PSA Pegueot Citroen plans to export cars it produces in Iran with local partner Iran Khodro, the automaker's boss for the Middle East and Africa region has said.

"We plan to establish local…

Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal…

The latest report on banking shows that private banks maintained the top spot in lending from public-sector banks.

The first quarter of the current Iranian year (started March 21) saw the import of 9.4 million tons and exports of 12.49 million tons of oil-based and non-oil goods via the country’s land and…

Iran’s leather industry has been severely affected by the lack of suitable infrastructure and government support in the past three decades, as a result of which many leather factories have been…

The average retail prices in Tehran decreased 12.6% for fruits and 2.4% for eggs, and increased 4% for chicken meat, 1.6% for vegetables, 0.6% for sugar, 0.2% for beans and 0.1% for dairy products…

Head of Wood and Fiberboard Retailers’ Union, Esmaeil Elahian, says due to a recent government ban on logging, the domestic wood demand has to be met through imports. According to the official,…

Plans are underway by Trade Promotion Organization of Iran to select the top Iranian brands for the first time in the country.

Iranian president’s chief of staff, Mohammad Nahavandian, said Iran is ready to promote bilateral relations with Switzerland in finance. “Iran welcomes the expansion of economic and banking…

The German and Iranian governments have decided to establish a joint banking committee in a meeting between visiting German Vice Chancellor and Economy Minister Sigmar Gabriel and Iran’s Central…

Although a strong case can be made that there is a strong correlation between a robust financial system and economic growth, the mushrooming growth of banks and financial institutions in Iran,…

The Central Bank of Iran signaled its interest in allowing foreign banks and financial institutions to team up with Iranian banks, showing a change in the bank's past attitude.

Iran's…

In a quiet street in Tehran’s central Amirabad neighborhood, Mohammad’s little corner shop caters mostly to conscripted soldiers taking a break from their military barracks a few blocks down the…

Tehran Stock Exchange’s performance during the week that ended July 24 has stoked concern among investors with the benchmark tumbling 1,183 points or 1.72% to settle at 67,644 amid alleged…

The July 14th nuclear deal between Iran and the six world powers looks set to be a mixed blessing for China. China is one of the largest importers of Iranian oil and a major investor in the…

The secretary of Iran’s Steel Producers Associations has called for increasing cooperation with Germany, especially in alloy steel production, Eghtesad News reported. Recalling the successful…