Economy

The banking reform bill prepared by the Central Bank of Iran is to be submitted to the Cabinet for review by the end of this week, Peyman Qorbani, CBI’s vice governor for economic affairs, said on…

A total of $30.7 million worth of goods were traded between Iran and the United States during the first quarter of the current Iranian year (started March 21). Imports which accounted for the lion…

In a meeting between Iran’s Ambassador to Kuwait Alireza Enayati and Kuwait’s Head of Ports and Shipping Organization Sheikh Yousef Abdullah al-Sabah, the two sides discussed expanding cooperation…

More than 53,800 tons of goods, valued at $27.7 million were exported via Saveh County in Markazi Province during the first quarter of the current Iranian year (started March 21), which indicates…

Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to…

Iran’s air traffic demand is bound to increase as the country joins the world market following a nuclear deal with P5+1 (the US, the UK, France, Russia, China and Germany), said the minister of…

Turkish Economy Minister Nihat Zeybekci says he believes Turkey will benefit the most from the removal of western sanctions against Iran.

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour says competition is vital in Iran’s economy in the post-sanctions era. “Now that western sanctions are…

With a startup capital of $10 million, Xanyar Kamangar ditched his job at Deutsche Bank AG’s EMEA technology and telecom team in London after eight years to set up advisory and investment firm…

New explorations carried out by Iran Mines and Mining Industries Development and Renovation Organization in Zarshooran gold mine in West Azarbaijan Province have increased the mine’s proven…

Tehran Stock Exchange has been on the downturn for almost one and a half year. Currently, there are 316 companies listed on TSE with a combined market capital of around 2,980 trillion rials ($91…

Stocks at Tehran Stock Exchange retreated more into correction territory on Monday mostly as a result of annual general meetings of the companies, including banks and refining companies.

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Prices of locally produced cars and pickups will not reduce, said the minister of industries, mining and trade.

Mohammad Reza Nematzadeh added that following the historic nuclear agreement…

The German automaker Volkswagen, the largest in Europe and the second biggest in the world, announced it was taking its first steps toward entering the Iranian market following the Islamic…

Toyota has launched an all-new Fortuner model simultaneously in Thailand and Australia. The high chassis car is the SUV version of the HiLux pickup.

It is now entering its second generation…

Well-versed investors are expected to garner devalued shares to shore up their portfolios and pump fresh inflows while observing diversification. Speculations about the prospect of the economy, as…

Iran is the world’s third biggest manufacturer of decorative and construction stones after China and India, but ranks as the 12th global exporter, said the vice chairman of Iran Stone Association…

Following the historic nuclear accord reached in Vienna last week, different sectors of the economy are poised to benefit in the post-sanctions era. In recent days, potential opportunities for…

Figures released by the Ministry of Industries, Mining and Trade show that production of cement and clinker reached 15.77 million tons and 19.26 million tons respectively in the first quarter of…

Tile production is in excess of the country’s need and manufacturers will fail to sell if prices go up, said the head of Tile Manufacturers and Tile Sellers Union. Factories are currently…

Iran is preparing for a trade and investment boom that could reshape the region following a nuclear deal with world powers, which paves the way for the lifting of western sanctions against its…

South Korea’s export credit agency pledged on Thursday to provide financial support to domestic firms trying to secure business in Iran, as industrial countries jockey to enter the market after…

Head of Tehran Association of Realtors has cautioned against the interference of banks in the real-estate market.  

Hesam Oqbaei urged banks on Saturday to steer clear of the…

Following the recent announcement of a landmark nuclear deal between Iran and the six world powers in Vienna, a market analyst has urged the government to push for banking reforms, a move he hopes…

Deutsche Bank, Germany's largest bank by assets, says it will consider doing business in Iran only when sanctions disappear.