Economy

Minister of Cooperatives, Labor and Social Affairs Ali Rabiei has called on Singapore to help Iran meet its growing need for hotels and hospitals, as it has turned into a major destination for…

Afghan President Ashraf Ghani has confirmed that the trilateral Indo-Iranian-Afghan pact for the development of Chabahar Port in the south of Iran will be signed during his and Indian Prime…

The Health Ministry has authorized domestic production of transgenic cotton in the current Iranian year (March 2016-17), announced the chairman of Biosafety Society of Iran.

Behzad…

Iran and Algeria have signed a series of memoranda of understanding for joint ventures in the auto sector with the goal of production in the North African country, besides agreements on geological…

Iran and Azerbaijan surveyed ways of enhancing bilateral cooperation in the agriculture sector during a meeting between Iranian Agriculture Minister Mahmoud Hojjati and Azeri Economy Minister…

Capital Intelligence Ratings said Wednesday that it has affirmed Saman Bank’s Long- and Short-Term Foreign Currency Ratings (FCR) of ‘B’. At the same time, the Outlook on the Bank’s Long-Term FCR…

Financing small and medium enterprises and unifying foreign exchange rates top the central bank’s agenda for the fiscal year that started in March, the governor of the Central Bank of Iran said in…

The Export Guarantee Fund of Iran is now a member of the Berne Union, realizing a long-time pursuit of the country's main export credit agency. The move was made possible after Berne Union and the…

Minister of Economy Ali Tayyebnia, and his Indonesian counterpart  Bambang Brodjonegoro called for effective banking ties among the two nations to boost bilateral commercial relations.…

Auto production of the Chinese-derived H220 started at Iran's second largest carmaker SAIPA Group earlier this Iranian month (started April 20), according to reports from several automotive…

SAIPA, Iran’s second largest carmaker, has announced that interested parties can now purchase their latest small sedan, Saina, on a national e-commerce website called Iranecar.com.

Hyundai Motor is likely to resume knockdown exports to Iran of its Mighty medium-duty trucks, as the automaker is undergoing the legal review of a deal to export auto parts to SDM, a local company…

Mitsubishi Motors Corp. President Testuro Aikawa said Wednesday that he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.

Suzuki shares dived 15% on Wednesday over reports that it may have used improper fuel-efficiency testing methods, as rival Japanese automaker Mitsubishi wrestles with a fuel-economy cheating…

The First Deputy Managing Director of the IMF David Lipton said in Tehran Tuesday that the opportunity for Iran to deepen integration into the global economy is coming. He added that development…

The government is expected to buy an estimated 9.5 million tons of wheat from local farmers in the current Iranian year (March 2016-17), a deputy agriculture minister said. “This would make the…

Swedish firm Pomegranate Investment AB plans to launch the first initial public offering to raise capital for investments in Iran since western sanctions on Tehran were lifted.

At present over 100 producers of tissues are active in Iran.

Fereydoun Dehkhargani, an official with Iran Cellulose Products Manufacturers of Iran, added that some of these units have more…

Members of Rice Exporters Association of Pakistan say they are going to open offices in Tehran and Mashhad to increase exports to Iran.

Pakistan, which used to be the top rice exporter to…

Tehran Stock Exchange's main index TEDPIX gained 312.40 points or 0.41% to end at 76,292.9 on Tuesday. Oil and mining companies' considerable gains were the main driving force behind the benchmark…

When it comes to ties with Europe, Iran has no better friend than Italy. The eurozone’s third-largest economy, in the words of Vincenzo Amendola, undersecretary of state for foreign affairs “has…

Bank Melli Iran Monday held a ceremony to celebrate last week’s Pro League Championship of Esteghlal Khuzestan, its affiliate football club. Mohammad Reza Hosseinzade, BMI acting director, said…

The economy grew 2% taking into account oil production and 1.6%, excluding oil, during the fourth quarter of the last Iranian year (December 22, 2015-March 19, 2016) compared to the third quarter…

Kazakh national railroad KTZ is among international players targeting emerging opportunities, as the Iranian market opens up to greater international participation.

Iran’s export of agricultural and food products to Russia is burgeoning. The boom partly owes to Moscow’s moving away from Turkey and Europe due to political tensions.

The Russian…