Economy

Iran and Turkmenistan discussed ways of increasing cross-border transit in a meeting between Turkmen Foreign Minister Rasit Meredow and Iranian Roads and Urban Development Minister Abbas Akhoundi…

Just as the number of permits issued by the Ministry of Industries, Mining and Trade for establishment of industrial units saw a decline for the past Iranian year (Match 2015-16), there was a…

Iran’s move towards a market economy has had critics, and it has not even started yet.

In prior decades, socialism was gaining ground in the region, thanks to a lot of influence exerted by…

The Japanese government hopes to play a role in the development of a regional logistics hub in southeastern Iran.

Iran and Russia are jointly organizing two trade events later this month to promote commercial ties.

The first event is an exclusive Iranian exhibition in the Russian capital Moscow…

In 138 BC, a Chinese imperial envoy named Zhang Qian set out to traverse the dangerous plains of Central Asia on horseback, ultimately entering the Persian Empire.

Iran's ambassador to Jordan visited the Synchrotron-Light for Experimental Science and Applications in the Middle East Laboratory (SESAME), indicating the country's intention to intensify…

Iran's Internet trends in April have shifted away from the usual staple of home video shows and news events to other national pastimes—like watching football.

In first place through the…

The Eighth International Symposium on Telecommunications (IST 2016) has been scheduled for September 27-29.

Iranian and foreign professors and researchers are expected to attend the event…

The second international and 14th national Genetics Congress of Iran will convene in Tehran on May 21-23 to discuss the industry in light of the current changes in Iran's global standing since the…

Indian Prime Minister Narendra Modi’s visit to Iran in the third week of May is expected to seal much-awaited commercial contracts with Iran.

A 17-member economic and commercial delegation from Poland is scheduled to visit Alborz Province on Monday to survey possibilities of bilateral economic cooperation, according to Masoud Qasemi,…

In Iran, agricultural and industrial production costs are high.

This is mainly due to the high inflation rate, high interest loans, expensive raw materials and low productivity.

What…

A total of 26 Italian textile machinery manufacturers will be taking part in a forthcoming roadshow in Iran organized by the Italian Trade Agency and supported by the Ministry of Economic…

Mazandaran will meet half of the domestic demand for rice based on a plan to increase production by 500,000 tons over the next three years, says the governor general of the northern province, Rabi…

Considerable losses by large-cap banks, petrochemical companies and auto manufacturers dragged Tehran Stock Exchange's benchmark down to a three-month low on Saturday.

Over 60% of listed…

Swiss law firm Python & Peter has launched its office in Tehran, as the country opens for business in the aftermath of the lifting of economic sanctions. The firm was founded in Geneva by four…

Iran has an extensive plan to develop its mines and mineral industries, the head of Iranian Mines and Mining Industries Development and Renovation Organization announced.

The UK government has recently published a set of guidelines on trade and doing business with Iran “to help British businesses take advantage of the opportunities that economic reengagement with…

The lifting of sanctions has breathed life into the commercial vehicle market, with French and German original equipment manufacturers already in talks with local manufacturers to begin the…

The banking reform draft bill which is pending debate in the Majlis requires banks to offer risk-adjusted returns on investment fund deposits, rather than a fixed rate, a new report shows.…

Ending the dual exchange rate regime is a professed priority of the Central Bank of Iran. Ever since the landmark nuclear deal was sealed between Iran and the six world powers, the CBI has often…

European companies are flocking to Iran apparently without their favored lenders at their side. This has added a complicating factor for manufacturers from Airbus Group SE to PSA Group, the maker…

Bank Sarmayeh is planning to expand investment in the sports arena after its affiliated team won Iran’s Volleyball Super League championship title in March. Mohammad Reza Khani, the bank’s CEO,…

Bank Pasargad Iran and South Korea’s Woori Bank agreed to expand correspondent relations to help improve commercial relations between the two countries. BPI and Woori Bank also agreed to start…