Economy

Governor of the Central Bank of Iran Valiollah Seif has denied reports about Iranians having any problems regarding their bank accounts in Turkey, stressing that banking relations between the two…

Oberbank, one of Austria's biggest banks, has allocated a €1 billion ($1.2 billion) line of credit to finance investment projects in Iran, Austria's finance minister announced…

Tehran Stock Exchange’s main index gained 15 points or 0.02% to end Sunday trade at 79,870.7.

About 450 million shares valued at $47.51 million changed hands for the day.

Derakhshan…

The Central Securities Depository of Iran issued 17 trading codes for foreign investors in Iran’s capital market during the second month of the current Iranian year (ending May 21).

Investors warmly greeted the underwriting of the Iranian capital market’s first exchange-traded commodity on Iran Mercantile Exchange, as 80% of the units offered by Lotus Gold Fund were sold on…

Iran’s sportswear market is mainly dominated by foreign products.

Many Iranian sports teams and athletes tend to regard foreign brands as their first choice when it comes to sports clothes…

Buying activity in the Iranian flat steel import market dropped last week amid limited demand from pipe and profile industries.

Reduced working hours due to the Muslim fasting month of…

The first water purifier filter produced by the Industrial Development and Renovation Organization of Iran in collaboration with researchers from Sharif University of Technology will soon be…

Iran’s share of the Iraqi market is only 12%, the Iranian consul general in the city of Karbala said.

A total of 4.1 billion cigarettes were domestically produced in Iran during the first two months of the current Iranian year (March 21-May 21), registering a 128% increase compared with the…

Qatar’s request to divert flights to Iran after the Arab rift has caused a significant rise in passenger planes using Iranian airspace, the CEO of Iran’s Civil Aviation Organization said.

South Korean Ambassador to Iran Kim Seung-ho said Seoul is following a set of strategies to restore ties with Tehran to pre-sanctions level, particularly in economic and trade fields.

In an…

Iran plans to establish six dry ports as per its sixth five-year development plan (2017-22), a deputy minister of roads and urban development said.

All Iranian airlines will stop flying to Najaf, Iraq, as of July 1 as a result of recent regulatory changes that make operating flights to Al Najaf International Airport very costly, the secretary…

A team of Belgian researchers have developed a device that will remove pollutants from the air and convert them into simple hydrogen — using sunlight, nanoparticles and a photoelectric chemical…

German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization.…

China, never the one to be left behind in technology trends, has unveiled a new tram which runs on ‘virtual tracks’ called Autonomous Rail Transit (ART).

The new hybrid tram/bus uses white…

CEO of Iran’s popular ride-hailing service Tap30 has accused the Iran Chamber of Guilds of delay in issuing of permits to the business in favor of other companies.

The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek to support…

Saman Bank is now able to transfer money to European banks without any hurdle, the bank’s website has announced.”According to agreements, money transfer for different purposes, including for…

The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be used as a solution…

The Financial Action Task Force–the global body that monitors money laundering worldwide–will have Iran on top of its mind when it convenes for its forthcoming plenary and working group meetings…

More than 2,860 tons of pineapple worth over 86 billion rials ($2.3 million) were imported in the first month of the current Iranian year (March 21-April 20), the Islamic Republic of Iran Customs…

Iranian traders have exported four food shipments to Qatar via an Iran Air cargo Boeing 747, after Saudi Arabia, the UAE, Egypt and Bahrain boycotted Doha, a spokesman for the Iranian flag carrier…

Production of packaging papers (liner and floating papers) grew by 21% in the last Iranian year (March 2016-17) as their imports saw a 40% decline compared with the year before, Parvin Nabati, an…