Economy

Close to 17,000 tons of engine oil worth around 354.9 billion rials ($9.2 million) were exported from Iran in the last fiscal year (March 2016-17), according to the Islamic Republic of Iran…

India’s Finance Ministry has imposed anti-dumping duty on clear float glass imports from Iran, Indian business newspaper The Hindu Business Line reported on its website on Monday.

Clear…

Researchers other than university faculty members will be awarded educational grants as of June this year, Rasoul Zare’, an official with Agricultural Research Center has announced, noting that in…

The Central Bank of Iran has decided to increase the ceiling of home loans for elites by 60% to encourage them to stay in the country, the CBI’s website announced. The maximum amount of loans for…

The Cabinet announced the details of foreign exchange hedging directive proposed by the Export Guarantee Fund of Iran and approved in the 17th meeting of the Cabinet members on Sunday.

Iranian banks managed to present their balance sheets for the last Iranian year (ended March 20, 2017) in line with the International Financial Reporting Standards, said the secretary-general of…

The Central Bank of Iran's governor has fended off criticism over government payment arrears to the banking sector, stressing that Iran is doing better than a number of other countries in this…

The Central Bank of Iran has notified Basel III principles on corporate governance to Iranian private banks and credit institutions, as part of the regulator's mandate to incorporate global…

Tehran Stock Exchange’s main index shed 5.50 points or 0.01% to end Monday trade at 79,957.5.

More than 1.07 billion shares valued at $57.97 million changed hands for the day.

Pars…

In what is being called a major geostrategic initiative, China on Sunday inaugurated the two-day Belt and Road Summit in Beijing.

Esfahan Steel Company is seeking to lighten its debt burden by reaching a setoff agreement with the government, according to the company’s manager, Ahmad Sadeqi.

ESCO’s outstanding debts…

The Iranian Mines and Mining Industries Development and Renovation Organization organized a forum in Tehran on Monday to survey opportunities of cooperation between Iran and Latin American…

The latest data released by Iran Customs Administration and Trade Promotion Organization shows that Iran exported 129.648 million tons of non-oil goods with a total value of $43.93 billion…

The quality report for the first month of the current fiscal year (March 21-April 20) has been released with no car reaching the fabled five-star quality rating by the Iran Standards and Quality…

Private automaker Bam Khodro has launched a production line for China’s Geely GC6 sedan, in the city of Bam in central Kerman Province.

Earlier it was reported that the automated production…

Officials from Apex-Brasil (Brazilian business export agency) and Sindipecas (Brazilian auto parts makers’ guild are on a trade mission in Tehran to explore business prospects.

Offered by Karmania — a local car company and the official representative of China’s BYD — sport utility vehicle S6 will hit Iran roads in June.

Initially, the presold units of the model…

The Export Development Bank of Iran – the country’s Eximbank– has opened 30 accounts in major foreign banks besides having established 120 correspondent relations with major international…

The Iranian public will gradually begin to tangibly feel the effects of sanctions relief as a result of the nuclear accord, as all major industries register continued growth, the Central Bank of…

In order to expand business relations between Iranian and African investors and increase trade volume, African investors will attend a conference in Iran within two months, said an advisor to…

Bank of Industry and Mine plays an effective role in boosting industries across the country through financing various projects and creating many job opportunities by opening lines of credit worth…

The Central Bank of Iran will focus on managing banking interest rates and preventing a price war among other things for the four-year tenure of the next administration, the head of which will be…

A joint economic forum between Iran and South Africa was held in the headquarters of Tehran Chamber of Commerce, Industries, Mines and Agriculture on Sunday.

A delegation from South Africa’…

The Fifth International Exhibition of Rail Transportation, Related Industries and Equipment opens in Tehran International Permanent Fairground on Monday and runs until May 18.

Dairy products had the biggest share in Iran's food exports in the last Iranian year (ended March 20, 2017).

Experts believe dairy products can play a considerable role in Iran's non-oil…