Economy

On May 19, Iranians voted for President Hassan Rouhani to serve a second term with the hope of seeing reforms carried out in the country’s economic arena.

The Central Securities Depository of Iran issued 240,000 trading codes for investors during the first seven months of the current Iranian year (March 21-Oct. 22) to trade in Iran’s capital…

Iranian steel mills produced 16.23 million tons of steel since the beginning of January up to the end of September, up nearly 30% compared with the nine-month period of 2016, according to the…

Russia is ready to take part in the development of the free trade zone on Armenia’s border with Iran, Russian Prime Minister Dmitry Medvedev said on Tuesday after he met with his Armenian…

Creditors of South Korea’s Dongbu Steel Company may face a setback in their plan to sell off the cash-strapped company’s electric furnace used for hot-rolled steel production to an Iranian…

Tehran Stock Exchange’s main index gained 107.60 points or 0.12% to end Wednesday trade at 86,529.2.

About 626 million shares valued at $38.98 million changed hands for the day.

…

The largest local carmaker, Iran Khodro, has signed a joint venture deal on the production of gearboxes in Iran with a subsidiary of the South Korean automotive company, Hyundai PowerTech…

Haima Motors China, which has been present in Iran for almost two years, is set to expand its presence in the market.

The automaker has announced plans to produce 13,000 vehicles in the…

In the high-stakes, high-cost battle among global automakers to develop ever more efficient vehicles, one of the biggest breakthroughs in internal combustion engine technology in years looks to…

Fiat Chrysler Automobiles is the subject of a French judicial inquiry into suspected obstruction of an investigation into diesel emissions cheating, reports said.

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Tuesday to maintain its uptrend…

The government will submit the budget bill of the next fiscal year (starting March 21, 2018) to the parliament on December 5, the government spokesman and president of Planning and Budget…

According to the CBI directive reported in Financial Tribune on Oct. 22, banks and financial institutions are obliged to set up an independent compliance department.

Director of the Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaei met with Italy’s Ambassador to Iran Mauro Conciatori to negotiate a finance deal for…

The government’s Economic Council has passed a new set of regulations with the aim of facilitating the approval of foreign finance for all eligible local applicants.

Banks, fintechs, financial solution vendors and startups were present in full force at the Third Iran Transaction Exhibition (ITE) in Tehran on Tuesday.

Iran-China trade during the eight months to Aug. 31, 2017 stood at $24.17 billion, registering a 24% increase compared with the corresponding period of last year.

Iran exported $215 million worth of goods to Turkmenistan during the six months to Sept. 22.

A 37-member delegation from Pakistan comprising businesspeople active in trade, agriculture, floriculture, rubber industry and machinery is scheduled to visit Iran on Oct. 31 and meet their…

Iran exported more than 34.61 million tons of mineral products worth over $4.77 billion during the first half of the current fiscal year (March 21-Sept. 22), registering an 8% and 4% growth in…

The National Development Fund of Iran is allocating $2 billion in lines of credit for consumers in Iran’s primary export destinations this fiscal year (to end March 20, 2018), the chairman of…

The goods and services Consumer Price Index in the 12-month period ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 8.2% compared with last year’s corresponding…

Tehran Stock Exchange’s main index gained 183.00 points or 0.21% to end Tuesday trade at 86,529.2.

About 1,088 million shares valued at $53.256 million changed hands for the day.

China’s Sinosteel Corporation presented its pellet production technology during a ceremony held in Tehran with Iranian steel industry officials and players in attendance.

The technology…

Iran plans to add 336,000 tons of primary aluminum smelting capacity in 2018, the planning manager of state-owned mining holding company IMIDRO, Amir Sabagh, told S&P Global Platts.