Economy

Iran is ready to supply the Republika Srpska in Bosnia and Herzegovina with oil-based products, Iran’s ambassador to Sarajevo, Seyed Hossein Rajabi, said in a meeting with Vice-President of…

Iran signed a memorandum of understanding (MoU) with Azerbaijan to expand transit and transportation cooperation with the northern neighbor, IRNA reported on Saturday.

China has been the biggest exporter to Iran over the past 11 months of the current Iranian year (to end March 20), exporting $11.58 billion worth of goods during the period, ISNA cited data…

The minister of industries, mine, and trade, Mohammad Reza Nematzadeh, said that a financial collaboration between Iran and Iraq could help boost bilateral trade. The minister said an initial…

The Central Bank of Iran (CBI) has issued a bylaw calling on banks to increase financing to the manufacturing sector, a policy that officials say is in line with the “resistance economy” -- a set…

C Commerzbank AG has agreed to pay US authorities $1.45 billion to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money…

The launch of the China International Payment System (CIPS) will not be so attractive to Iran or other nations in the Middle East and Central Asia or even to Russia, economists told Trend in a…

Based on a resolution passed by the cabinet, cars with engine displacements of over 2,500 cc will no longer be allowed to travel outside the special economic zones, IRNA quoted the presidential…

Details of a recent deal between Iran Khodro (IKCO) and PSA Peugeot Citroën were elaborated by the CEO of IKCO, Hashem Yekeh-Zareh, at a press conference on Tuesday. Apart from shared investment…

Stocks at the Tehran Stock Exchange (TSE) pushed the TEDPIX to make brief gains in the week that ended March 11, amid positive speculations about a possible nuclear accord between Iran and world…

Head of the parliament’s research center, Kazem Jalali criticized the trade of mine exploitation licenses, describing it as a serious obstacle to economic activities in the mining sector. He made…

Close to 30 million metric tons of minerals will be extracted from Mehdiabad zinc and lead mine in the central Yazd Province in one year, reported the public relations of the Iranian Mines and…

Iran Tractor Manufacturing Company (ITMCO) on Thursday launched its first production line of heavy wheel tractor-scraper during a ceremony attended by Minister of Agricultural Jihad, Mahmoud…

Statistics released by the Iran’s Customs Administration (ICA) on foreign trade in the 11 months ending to February 19 indicate that Asia accounted for 77 percent of Iran’s total…

Given Iran’s geographic proximity, the transit and transport potential should  be developed to substitute oil income, Vice-president of Tehran chamber of commerce…

Chairman of Iran-Afghanistan Joint Chamber of Commerce, Mahmoud Siadat said that Afghanistan has agreed to reopen the chamber’s office in Afghanistan, 13 years after it ceased operation, ISNA…

Head of Iran-Iraq Joint Chamber of Commerce, Jahanbakhsh Sanjabi said visa requirement for both Iranian and Iraqi traders will soon be lifted within a specific time frame, as per the agreements…

Large economy, micro enterprises, is the labor ministry’s policy for fighting unemployment, deputy minister of cooperatives, labor and social affairs in entrepreneurship and occupation, Hassan Ta’…

Iran exported 171.119  metric tons of pistachio, valued at $1.5 billion,  during the eleven months of the current Iranian year (to end March 20), recording an increase of nearly 71% in…

Twenty-three million metric tons of non-oil goods, valued at $18 billion, including condensates, were exported via the southern Bushehr Province customs terminals in the eleven months of the…

Cell phone imports grew by 69.7 percent during the eleven months of the current Iranian year (to end March 20), compared with the same period last year, Fars news agency reported. The total value…

The rial continued its charge against foreign currencies on Wednesday, as speculation that talks between Iran and six world powers known as the P5+1 would come culminate in a deal wilted safe…

The euro has depreciated more than 20% against the US dollar over the past year and sank to $1.0842 on March 6, hitting an 11-year low against the dollar for two main reasons: the bond-buying…

The deputy minister of economy, Mohammad Parizi, on Wednesday criticized the deposit rates as very high, warning that the economy “will collapse” if the rates are not cut, IRNA reported.

A new report by the International Data Corporation (IDC) shows that overall sales of computers in the Middle East and Africa grew by 2.8% year-on-year in the fourth quarter of 2014.

IDC…