Economy

Ithraa, Oman’s inward investment and export promotion agency, recently held a one-day workshop at the Public Authority for Civil Aviation Training Centeer, to explore the challenges Omani…

In a meeting held at Iran Chamber of Commerce, Mining, Industries, and Agriculture, authorities, including the head of Tabriz Chamber of Commerce and representatives of chambers from different…

The 11th International Exhibition of Flour and Bakery Industry, also known as Ibex 2017, opens today (Thursday) at Tehran’s International Fairground and will run through Nov. 26. Close to 180…

Local company Arman Motor Kavir is set to unveil two imported Luxgen cars in Tehran on Friday.

Arman Motor signed a representation deal with Taiwanese automaker Luxgen Motor Co. in July…

In order to “protect domestic production”, the Industries Ministry has proposed a new guideline on tire imports including higher tariffs.

If approved by the government, tariffs on…

SAIPA board of directors has appointed Qasem Jahroudi as new CEO. He replaces Mehdi Jamali. Jahroudi has been active in the domestic auto industry for almost three decades, and was CEO of Iran…

The sudden leap in gold coins’ prices and their unprecedented bubble in Iran mainly stems from unreal and speculative demand in the market. According to the head of Tehran’s Gold and Jewelry…

Boosting banking relations with Britain is a top priority of Trade Promotion Organization of Iran, as it will facilitate transactions between the two countries’ companies, the organization’s…

By keeping the rial overvalued, the administration is in fact subsidizing foreign imports at the expense of domestic production, the head of Tehran Chamber of Commerce, Industries, Mines and…

In the Iranian banking world, the IFRS fever has been running high in the past few months.

While almost everyone agrees with its implementation, there seems to be relatively little…

Tehran Stock Exchange's main index gained 513.40 points or 0.58% to end Tuesday trade at 88,774.2.

About 1.65 billion shares valued at $108.8 million changed hands in the day.

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A total of 17 foreign apparel brands have acquired licenses to sell in Iran and 14 others are in the process of obtaining the same, the Ministry of Industries, Mining and Trade’s Director…

It took a while, but the Central Bank of Iran’s crackdown on regulating interest rates finally paid off and now the changes seem to have trickled down to the debt market.

This could…

Iranian steel mills produced 17.9 million tons of steel since the beginning of January up to the end of October, showing a rise of 20.9% compared with last year’s corresponding period, the…

BGF Retail Company, the operator of South Korea’s largest convenience store chain CU, said on Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience…

The temporary ban on rice imports has been lifted from Nov. 22 up until July 22, 2018, as per a directive by the Ministry of Industries, Mining and Trade issued on Tuesday.

More than 8.87 million tons of wheat worth 116 trillion rials ($2.83 billion) have been purchased from local farmers by the government since the beginning of the current Iranian year (March 21…

Minister of Industries, Mining and Trade Mohammad Shariatmadari reappointed Mojtaba Khosrotaj as the chairman of Trade Promotion Organization of Iran. Khosrotaj has earlier served as deputy…

Phase 1 of the development project of Shahid Beheshti Port in Chabahar located in southeastern Sistan-Baluchestan Province will be inaugurated in the next two weeks, managing director of Ports…

Iran’s cigarette production is expected to meet 93% of domestic demand by the end of the current Iranian year (March 20, 2018), up from the current 83%, the head of Tobacco Planning and…

The recent earthquake that hit western Iran inflicted losses estimated to be 8 trillion rials ($200 million) on the agriculture sector of Kermanshah Province, the head of Kermanshah Agricultural…

A senior Iranian official announced that there are no significant banking issues with China and the UAE, as hurdles with Turkish Halkbank are being removed.

The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better trade in foreign…

Gold coin prices recorded multiple rallies in the past month to reach their highest value in Tehran’s market on Monday. After significant leaps in recent days, Emami gold coin fetched 14.41…

President Hassan Rouhani has presented two bills for making amendments to the current Law of Combating the Financing of Terrorism and the Law of Anti-Money Laundering.