Banks are not allowed to expropriate industrial units put up as collateral for their debt, said Ali Yazdani, deputy minister of industries, mining and trade on Thursday.
Economy
Economy
The European Union’s top court on Thursday upheld a contention by Iran’s Bank Mellat that it was improperly sanctioned for six years without sufficient evidence of its involvement in the country's…
Economy
Unseasonal fruits such as Chilean grapes and Turkish peaches are some of the smuggled produce flooding the Iranian markets only a month from Norouz holidays that mark the onset of the Iranian New…
Economy
Dutch ingredients producer Barentz International has established a new joint distribution venture in Iran with Future Way Holding to tap into the formerly-restricted market.
The JV will…
Economy
Iranian Ceramics Producers Syndicate has advised tile and ceramics manufacturers to halt production as of March 5 for three months, amid a construction slump and domestic market glut. “A majority…
Economy
Norway opened its $810 billion wealth fund to Iranian government bonds, as the Middle Eastern nation emerges from almost a decade of international sanctions following a deal to limit its nuclear…
Economy
Stocks held steady this week slowly, recovering nearly all ground lost in the three-day rout that started on Feb. 10, as a mixture of news rocked Tehran’s markets.
Equities have staged a…
Economy
Iran has ambitious plans for its steel industry, as it aims to become the world’s sixth largest steel producer, based on the 20-Year Vision Plan (2005-25), which stipulates the production of 55…
Economy
A flurry of activity between the South Caucasus capitals greeted the January 16 lifting of sanctions against Iran, with Azerbaijan, Armenia and Georgia looking to boost their struggling economies…
Economy
Iran has invited India to invest $8 billion in its infrastructural projects, including railroads, ports, bridges and rail electrification, according to India-based magazine The Dollar Business.…
Economy
Director General of Imam Khomeini International Airport Hamid Reza Seyyedi said it will take the airport six months to prepare the infrastructure for Iran Air’s newly-purchased Airbus A380s.…
Economy
Agricultural imports have decreased by $5 billion in the current Iranian year (to end March 19, 2015) compared to two years ago when President Hassan Rouhani took office, said the deputy…
Economy
With the annual production of 6,000 tons of honey, Khoy in West Azarbaijan Province is the top producer of the commosity in Iran, says governor of the city, Hossein Sivani.
Economy
New Zealand has lifted its sanctions against Iran after the nuclear deal went into force on Jan. 16.
Economy
More than one billion contactless MasterCard and Maestro transactions were processed in Europe in 2015, up 150% on 2014, with value of transactions increasing by 183%. The number of cards, mobile…
Economy
Leading tech companies are rallying behind Apple—some belatedly—in its fight against a court order requiring the company to help investigators break into an iPhone used by one of the San…
Economy
A Turkish electronics retailer has said they are “studying options in this [Iran] market”, earlier this week in Istanbul.
Turkey's leading electronics retailer Teknosa shared its plans for…
Economy
Iran Air says it’s open to buying aircraft from Boeing even after ordering 118 jetliners worth $27 billion from competing planemaker Airbus, as soon as international sanctions were removed last…
Economy
Iran imported close to 600,000 tons of rice during the 10 months to January 20, an official with Iran Rice Association said. The figure is expected to reach between 800,000 and 1 million tons by…
Economy
Iran’s second exclusive exhibition opened in Baghdad on Tuesday. Leading a delegation of Iranian traders, Iranian Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh attended the…
Economy
Oman will soon begin importing agricultural products from Iran, said a member of the Omani trade delegation during a visit to Iran’s southern province of Khuzestan.
Economy
Brazil will accept payment from Iran in euros and other currencies for planes, cars and machinery to sidestep lingering US sanctions on the oil-rich nation, said Trade Minister Armando Monteiro.…
Economy
The process of privatizing banks has been imperfect and controversial since inception, Bahaoddin Hosseini Hashemi, former CEO of Bank Saderat Iran said. The same is true for privatizing state-…
Economy
An Airbus executive urged European banks on Tuesday to overcome their wariness about financing export projects to Iran because of US sanctions, highlighting difficulties European companies face in…
Economy
Korea Trade Insurance Corporation (K-sure) plans to provide 196 trillion won ($118.9 billion) worth of trade insurance this year and increase support for businesses exporting to new markets such…
Economy
