Economy

Iran’s economy is looking ahead to 2017 with both big prospects and hefty challenges in store.

The Central Bank of Iran is planning to launch a new regulatory body specifically for fintech firms, a CBI official announced on Sunday.

Lawmakers on Monday approved a proposal that allows for attracting an average of $30 billion in foreign direct investment annually.

The proposal aims to lift Iran’s GDP growth to an annual…

Iranian steelmakers are missing out on one of the most accessible and lucrative steel markets in the region: the $5 billion market in Iraq.

Iraq has been rebuilding its infrastructure ever…

Tehran Stock Exchange’s main index lost 295.90 points or 0.37% to end Monday trade at 80,413.1.

More than 800 million shares valued at $38.5 million changed hands for the day.

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Close to 260 development projects with a budget allocation of 163 trillion rials (about $4.14 billion at market exchange rate) are currently under construction, the deputy minister of roads and…

Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is expected to be delivered in mid-January, Iran's deputy roads and urban development minister, Asghar…

Iran accounts for 29% of global exports of hand-woven carpets, the head of Iran Hand-Woven Carpet Producers’ Cooperatives Union, Abdollah Bahrami, said. The country exported about $167 million…

Around 40,000 tons of eggs and 44,000 tons of chicken were exported from Iran over the eight months to November 21, 2016, an official with the Ministry of Agriculture said.

The exports were…

Today, the prosperity of a country’s economy has more to do with the commodities that are exported than the goods produced and consumed locally.

Iran exported some 6,000 tons of non-oil goods worth $17.7 million to France during the eight months to November 20, registering a 54% rise in value compared with last year’s corresponding period…

The 23rd International Exhibition of Printing, Packing and Related Machinery is scheduled to be held in Tehran’s International Exhibition Center on December 25-28.

Iran was elected deputy head of the Council of Asia-Pacific Furniture Association (CAFA) for two years during the 20th annual forum of the council held in Tehran on December 14.

Renault imported 93,798 fully built and CKD units to Iran during the first 11 months of 2016, Tasnim News Agency reported on December 18. The imports indicate a 146% year-on-year increase on…

Turkey's Otokar Otomotiv ve Savunma Sanayi A., otherwise known as Otokar, has signed a deal with Iran's Oghab Afshan Industrial and Manufacturing Company for the sale of its Navigo buses in…

The inauguration ceremony of Iran Khodro Company’s first showroom in the Armenian capital, Yerevan, was held December 18, IKCO said in a press release.

The Dena, Runna, Soren and Arisun…

Nissan, Renault and Mitsubishi are working on a new platform, which will be used for their electric vehicles soon, reports Nikkei.

The US dollar was exchanged for 39,450 rials in Tehran’s market on Sunday, slightly up from the previous day’s close, according to the Association of Bureaux de Change Operators of Iran…

The plan to prepare the ground for Iranian bank cards to be used in other countries will be implemented at the beginning of the next fiscal year in March, announced the deputy for innovative…

It is not possible to pressure banks into lowering the rate of return on their investment funds, as the sector is not prepared for such measures, an official of the Monetary and Banking Institute…

The Central Bank of Iran's plan to overhaul its financial oversight regime will increase the effectiveness of supervision over banks and provides the infrastructure for the complete implementation…

The revised version of Banking Reform Bill will be presented to top clerics–known as  Marja’ or sources of emulation–ahead of being put to a final vote in the parliament, announced the head…

The parliament reached consensus on the outlines of the Sixth Five-Year Economic Development Plan (2016-21) on Sunday.

The five-year economic development plans are medium-term roadmaps…

Around 64.3 million tons of goods were loaded and unloaded in Hormozgan’s ports during the eight months to November 20, registering an 11% rise compared with last year’s corresponding period,…

The deal with French plane manufacturer Airbus for purchasing more than 100 jets will be finalized by Friday, Minister of Roads and Urban Development Abbas Akhoundi said. “The number of planes and…