Economy

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,…

Emirati firms will be the biggest beneficiaries in Middle East and North Africa as a result of the opening up of the Iranian economy after the nuclear deal with world powers.

Days after Iran reached a deal with the West on its nuclear program, McDonald’s put up an online invitation to applications for those interested in opening the country’s first American burger…

A reputable German company will finance steel projects in Iran, deputy minister of industries, mining and trade and head of the Iranian Mines and Mining Industries Development and Renovation…

More than 56% of listed companies at Tehran Stock Exchange gave a boost to TEDPIX on Wednesday to help the benchmark rise 291.2 points or 0.44% at 66,780.7.

Investors are digesting fresh…

An Indian state company has agreed to sell high-quality iron pellets to Iran, in what could be a $200 million annual deal that signifies expanding business ties between the countries, as sanctions…

Iranian Mining Industries Development & Renovation Organization has signed a massive contract with the private sector worth over $130 million for equipping and exploring Khomroud Coal Mine in…

Deputy finance minister Ali Asgari is scheduled to visit Cyprus on August 4, at the invitation of the Cyprus Chamber of Commerce and Industry, Cyprus News Agency reported. CCCI has hailed the…

South Korea says it will hold an information session next week to help local businesses make inroads into Iran after the lifting of sanctions on the country.

Head of Islamic Republic of Iran’s Customs Administration Masoud Karbasian and a visiting Afghan delegation headed by director general of Customs Administration Department of Afghanistan…

The manufacturing sector is currently running at 40% capacity, says the head of Manufacturing Cooperatives Union, who believes the high interest rates is the main obstacle in the way of production…

The newly minted US-Iran nuclear deal will deliver an “avalanche of trade” for western businesses, predicts the boss of Australian agricultural giant SunRice.

Foreign airlines are increasingly showing interest in Iran’s aviation sector, according to deputy head and caretaker of Iran’s Civil Aviation Organization, Mohammad Khodakarami.

“According…

An automotive exhibition on cars and auto parts opened in the northern Iranian province of Gilan on Wednesday. The groundbreaking show in the Caspian Sea region is hosting over 65 pavilions…

General Motors is planning to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture that will be built and sold under…

The last two weeks witnessed a perceptible change in the housing market, following an increase in public demand for homes. Most home dealers are attributing the shift both to “public reaction” to…

President of Iran-Iraq Chamber of Commerce Yahya Ale Es’haq has hailed the adoption of a unified foreign exchange rate regime as ideal for the economy.

“An exchange rate of 30,000 rials for…

Given the rising non-performing loans Iranian banks have been struggling with in recent years, an official with the Ministry of Justice has come up with an idea that could help prevent bad debts…

The minister of industries, mining and trade has finally got his way on foreign exchange overdue debts owed mostly by Iranian manufacturers.

Foreign exchange debtors have been given three…

The Central Bank of Iran on Tuesday urged all credit institutions to update the list of their foreclosed assets and properties every three months. The institutions now need to provide the CBI with…