Economy

The chief executives of state-owned and private banks will reportedly convene on June 7 to decide about bank interest rates for the period leading to the end of the current Iranian year (March 20…

As the possibility of mergers in the Iranian banking system strengthens, a senior lawmaker has lent his support to the proposed measure, saying the move could help banks upgrade to international…

The Government Trading Corporation of Iran has bought more than 2 million tons of wheat from domestic farmers across the country so far this crop year, according to GTC’s new managing director,…

Iran exported close to 360 tons of barberry worth over 70 billion rials (about $1.9 million) to 31 countries in the last Iranian year (ended March 20, 2017), data released by the Islamic Republic…

Iran has shown more activity in the semi-finished product trade over the past week, amid a generally positive mood.

Offers for billet from Iran were heard by Metal Bulletin reporters in…

More than 6,300 tons of cargo were transported from Zahedan in the southeastern Sistan-Baluchestan Province to Pakistan’s Quetta during the first two months of the current Iranian year (March 21-…

Protectionism undertaken by a government to restrict international trade, often done with the intention of protecting local businesses and jobs from foreign competition, hurts Iranian consumers.…

The Moscow-led Eurasian Economic Union aims to finalize a free trade deal with Iran by the end of the year, in a drive by Russia and its fellow members to deepen ties with Tehran.

Trade…

Stocks underperformed for the third consecutive trading day on Monday at the Tehran Stock Exchange (TSE) with the benchmark wiping out its earlier gains, slipping to a new low within the past 7…

Exports of semi-finished casting products are on the rise despite shortage in the domestic market.

In fact, shipments destined abroad have increased so much that there are not enough semis…

The Iranian decorative stone sector is currently going through a rough patch. Of the 6,500 stone processing units in the country, about 500-2,000 have gone out of business in recent years.

A Swedish firm, MentMed AB, has signed a memorandum of understanding with Iranian medical firm Kian Tajhiz Mehr Afarin to develop accessibility products for the elderly and disabled in Iran. The…

Head of the Iranian Automobile Importers Association has called on the government to revise its definition of “luxury cars,” stating that “engine size” is not an appropriate token for classifying…

TAM Co, an auto parts subsidiary of Iran Khodro (IKCO), and Germany’s Siemens signed a memorandum of understanding (MoU) on Sunday to develop joint projects and facilitate future production.…

BMW is set to extend production halts in Germany to China and South Africa Monday as the automaker grapples with a shortage of steering parts.

Production at factories in Shenyang, China,…

A Renault Kwid hatchback has been spotted on a highway in Tehran with a temporary license plate, according to eagle-eyed car enthusiasts following the vehicle on May 28, Iranjib.ir reported.

South Korea's Hyundai Motor Group is looking for a stronger presence in Iran's auto market through better services and improving relations with car buyers, says the chief executive of Kerman Motor…

Trade between Iran and China stood at $12.1 billion during the first four months of 2017, up from $8.1 billion in the corresponding period of 2016, registering an increase of over 49%, the General…

The Iranian petrochemical industry has the capacity to receive significant new investments from banks, the chief executive of the Export Development Bank of Iran said, adding that his bank is…

Only an insignificant volume of Iranian assets frozen overseas remain inaccessible, the Central Bank of Iran’s deputy for foreign exchange affairs said.

Bank Sepah is ready to review foreign investment projects in Iran and guarantee them, a board member of the state-run bank announced.”Foreign investors need to be confident that they can have…

After a lackluster start to the new Iranian year (started March 21), Tehran real-estate residential deals rebounded during the second month (started April 21) to herald an imminent relief for the…

More than 43,600 tons of tomatoes worth 355 billion rials (over $9.5 million) were exported in the first month of the current Iranian year (started March 21), figures released by the Islamic…

The Central Bank of Iran has published growth figures for the third quarter of the last Iranian year (September 22-December 20, 2016).

According to CBI, the Iranian economy grew 15.7% last…

Order registrations are valid for rice imported until July 23 only, director general of Imports and Exports Regulations Bureau at the Trade Promotion Organization of Iran, Ali Aliabadi, said.