Private banks in Iran have started to embrace innovative technologies more than ever, striving to address major issues on their path toward modernization and profitability.
These measures…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Despite the Central Bank of Iran’s efforts to implement a bilateral currency swap agreement with Russia, the Central Bank of Russia has announced that it does not adhere to the process.
…
Economy
The achievements of Iran's nuclear deal must not be undermined, as the cost of foreign trade for the country is declining among other things, the governor of the Central Bank of Iran said.
Economy
Iran exported close to 78 tons of saffron during the eight months to November 20, the deputy head of the Iranian National Saffron Council said.
“Different figures, ranging from 310 to 360…
Economy
The tragic death of border couriers has raised the alarm over the dire economic conditions in border towns.
Sixteen cross-border back carriers were buried under avalanche and five of…
Economy
The Islamic Republic of Iran Railways plans to rank the domestic rail transport companies based on their performance and services. Ticket prices will then be set on the basis of these ratings, the…
Economy
The governor of Kenya’s second largest city of Mombasa, Ali Hassan Joho, welcomed a delegation of Iranian investors on Tuesday after initial negotiations were held between the two sides in 2016.…
Economy
About 80% of Iran’s imports of basic commodities are carried out at Imam Khomeini Port in the southern Khuzestan Province, managing director of Ports and Maritime Organization of Iran, Mohammad…
Economy
A Kazakh national railroad company signed an agreement with the Islamic Republic of Iran Shipping Lines to establish a joint enterprise.
In addition to signing the deal…
Economy
Tehran Stock Exchange’s main index added 26.80 points or 0.03% to end Wednesday trade at 76,792.8.
More than 739 million shares valued at $69.4 million changed hands for the day.
…
Economy
Political challenges and tariff barriers are the main impediments to Iran’s trade ties with Turkey, according to a report by the Export Promotion Commission of Iran Chamber of Commerce, Industries…
Economy
The amusement park industry can generate high added value and revenues for the country, given the capabilities of domestic producers, the deputy for export promotion with the Trade Promotion…
Economy
Iranian steelmakers raised about $102 million by selling Salaf contracts on Iran Mercantile Exchange during the 10 months to January 19, registering a 43% rise compared with last year’s…
Economy
The Ministry of Industries, Mining and Trade welcomes Renault’s presence in Iran but insists the company also set up an R&D center, an informed source told Financial Tribune’s sister…
Economy
Since the start of the fiscal year last March, the number of vehicles shipped to and from Shahid Bahonar Port more than doubled compared to the previous year.
A total of 32,313 units…
Economy
French investigators have referred Fiat Chrysler Automobiles for possible prosecution over abnormal emissions of nitrogen oxide pollutants from some of its diesel engines, the government said.
Economy
In a deal with the Belgian firm Punch Powertrain, a CVT transmission manufacturing factory opened Tuesday in Zanjan, northwestern Iran.
The plant has been set up jointly by the…
Economy
Mellat Insurance, affiliated with Bank Mellat, is planning to establish Iran’s second life insurance company, said Alireza Ebrahimpour, Mellat Insurance’s CEO. Mellat is set to own a 20% stake in…
Economy
The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture–known as the country's private-sector Parliament–has published a report on Iran's foreign…
Economy
Iran Insurance Company, the country’s biggest insurer, has come up with measures to boost its solvency, including plans for purchasing stocks of a major bank, the firm’s chief executive told a…
Economy
Bank Sepah will join the ranks of the few public-sector banks whose capital adequacy ratio meets the minimum standard when the Ministry of Economic Affairs and Finance allocates the approved funds…
Economy
The Agriculture Ministry has set a wheat production target of 12.6 million tons in the next Iranian year (March 2017-18), an official with the ministry said.
The target is part of the…
Economy
Ninety-three percent of all the raw vegetable oil in the domestic market is imported, according to secretary of Iranian Vegetable Oil Industry Association, Dariush Mahmoudi. “This is despite…
Economy
About 120 million tons of oil products and 10 million tons of non-oil goods were loaded and unloaded in the ports of Bushehr Province located in southern Iran, over the 10 months to January 19,…
Economy
Over 80% of tires imported to Iran come from China, says Abbas Abbasi, a member of the Association of Tire Manufacturers, adding that the 20% anti-dumping duty currently in place is not sufficient…
Economy
