Economy

Europcar, a French car rental company, has just added Iran to their database on their main .com website. The newly-added cities include Bandar Abbas, Isfahan, Mashhad, Shiraz and both Tehran…

A new online project to support minority languages has been launched. The first such project is Sozluk.ir a Turkmen to Persian dictionary, according to Webna. The site, launched on the back of…

China's Foreign Ministry expressed anger at the US Commerce Department's plans to place export restrictions on Chinese telecoms equipment-maker ZTE Corp. for allegedly violating US export controls…

With her brown hair, soft skin and expressive face, Nadine is a new brand of human-like robot that could one day, scientists hope, be used as a personal assistant or care provider for the elderly…

The Central Bank of Iran is developing a set of criterion for assessing domestic banks which will be ready in the next fiscal year (starts March 20), said Akbar Komeijani, the bank’s vice-governor…

Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran’s largest banks this year, the company’s chief executive told Reuters on…

Ali Rastegar, Bank Mellat’s CEO, said on Monday that the UK High Court has ruled in favor of his bank and it will receive $4 billion in compensation by late spring.

Indonesia said it is open to normal banking ties with Iran following the lifting of economic sanctions. “Banking relations, an obstacle we are facing, will soon resume,” President Joko Widodo said…

The Spanish S.L.M Group has signed a contract with Iran Minerals Production and Supply Company to invest in the establishment of a plant for the manufacture of eco-friendly bioethanol using coal…

Pundits are concerned that privatization in Iran, in the way it has been carried out, will actually damage the private sector, as quasi-state organizations continue to gain a stronger hold over…

Although investing in Iranian funds is broadly prohibited for US investors, for Europeans, it can be done—within limits—following the lifting on Jan. 16 of nuclear-related sanctions imposed on…

To improve trade ties between Iran and Malta, their respective chambers of commerce should play a more significant role, said Malta’s Foreign Minister George Vella in a meeting with Iranian…

As of next week, traders who choose Maku Free Trade Zone–located in West Azarbaijan Province—as their platform to export fruit and vegetable will be entitled to a 30% discount in transport costs,…

Order registrations for the import of drugs, food supplements and infant formula can now be carried out online, effectively shortening the process from one week to only one day, says Taqi…

Increasing bilateral trade in a wide range of sectors, including food and mining, was high on the agenda of the latest Iran-Poland Trade Conference held on Sunday in the Iranian city of Mashhad,…

Turkish Prime Minister Ahmet Davutoglu attended the Turkey-Iran Business Forum in Tehran over the weekend and called on Turkish and Iranian businesspeople to lift trade barriers between the two…

Japan’s Prime Minister Shinzo Abe has informed the Iranian government that he wishes to visit the country this year—a first trip by a Japanese leader in 38 years.

A comprehensive agreement of cooperation was signed on Monday by Iran’s Minister of Agricultural Jihad Mahmoud Hojjati and visiting Ukrainian Deputy Prime Minister Gennady Zubko during the fifth…

SAPCO and Iran Khodro Diesel displayed their capabilities and unveiled their latest products during the Iran Automotive Capabilities Exhibition held last week    

Iran Khodro…

Daimler’s chief executive said a German automaking consortium that controls the HERE digital mapping business is in talks with potential new members.

In August last year, German carmakers…

Gree Electric Appliances Inc., China’s largest air-conditioner maker, is buying electric vehicle company Zhuhai Yinlong New Energy Company to diversify its business beyond home appliances.

According to the CEO of the Bank of Industry and Mine, Iranian banks are now connected to SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Ali Ashraf Afkhami, said that…

The Export Guarantee Fund of Iran (EGFI), and the UK Export Finance (UKEF) have committed to enhancing trade and economic cooperation with a memorandum of understanding signed on March 5 to…

Expanding banking ties with Russia is a key factor in implementing the bilateral trade and economic agenda, Abdolnaser Hemmati, CEO of Bank Melli Iran said at the weekend.

Iranian and German banks will hold a meeting in April to discuss issues related to enhancing relations and improving the performance of Iranian lenders. The planned meeting was announced during a…