Economy

Capital Intelligence Ratings said Wednesday that it has affirmed Saman Bank’s Long- and Short-Term Foreign Currency Ratings (FCR) of ‘B’. At the same time, the Outlook on the Bank’s Long-Term FCR…

Financing small and medium enterprises and unifying foreign exchange rates top the central bank’s agenda for the fiscal year that started in March, the governor of the Central Bank of Iran said in…

The Export Guarantee Fund of Iran is now a member of the Berne Union, realizing a long-time pursuit of the country's main export credit agency. The move was made possible after Berne Union and the…

Minister of Economy Ali Tayyebnia, and his Indonesian counterpart  Bambang Brodjonegoro called for effective banking ties among the two nations to boost bilateral commercial relations.…

Auto production of the Chinese-derived H220 started at Iran's second largest carmaker SAIPA Group earlier this Iranian month (started April 20), according to reports from several automotive…

SAIPA, Iran’s second largest carmaker, has announced that interested parties can now purchase their latest small sedan, Saina, on a national e-commerce website called Iranecar.com.

Hyundai Motor is likely to resume knockdown exports to Iran of its Mighty medium-duty trucks, as the automaker is undergoing the legal review of a deal to export auto parts to SDM, a local company…

Mitsubishi Motors Corp. President Testuro Aikawa said Wednesday that he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.

Suzuki shares dived 15% on Wednesday over reports that it may have used improper fuel-efficiency testing methods, as rival Japanese automaker Mitsubishi wrestles with a fuel-economy cheating…

The First Deputy Managing Director of the IMF David Lipton said in Tehran Tuesday that the opportunity for Iran to deepen integration into the global economy is coming. He added that development…

The government is expected to buy an estimated 9.5 million tons of wheat from local farmers in the current Iranian year (March 2016-17), a deputy agriculture minister said. “This would make the…

Swedish firm Pomegranate Investment AB plans to launch the first initial public offering to raise capital for investments in Iran since western sanctions on Tehran were lifted.

At present over 100 producers of tissues are active in Iran.

Fereydoun Dehkhargani, an official with Iran Cellulose Products Manufacturers of Iran, added that some of these units have more…

Members of Rice Exporters Association of Pakistan say they are going to open offices in Tehran and Mashhad to increase exports to Iran.

Pakistan, which used to be the top rice exporter to…

Tehran Stock Exchange's main index TEDPIX gained 312.40 points or 0.41% to end at 76,292.9 on Tuesday. Oil and mining companies' considerable gains were the main driving force behind the benchmark…

When it comes to ties with Europe, Iran has no better friend than Italy. The eurozone’s third-largest economy, in the words of Vincenzo Amendola, undersecretary of state for foreign affairs “has…

Bank Melli Iran Monday held a ceremony to celebrate last week’s Pro League Championship of Esteghlal Khuzestan, its affiliate football club. Mohammad Reza Hosseinzade, BMI acting director, said…

The economy grew 2% taking into account oil production and 1.6%, excluding oil, during the fourth quarter of the last Iranian year (December 22, 2015-March 19, 2016) compared to the third quarter…

Kazakh national railroad KTZ is among international players targeting emerging opportunities, as the Iranian market opens up to greater international participation.

Iran’s export of agricultural and food products to Russia is burgeoning. The boom partly owes to Moscow’s moving away from Turkey and Europe due to political tensions.

The Russian…

The annual meeting of Iran-Pakistan Economic Commission is scheduled to be held in Tehran soon after the holy month of Ramadan, Pakistani newspaper The Express Tribune quoted Iranian Consul…

Iran and Cyprus have signed a memorandum of understanding to boost cooperation in marine and air transportation. The MoU was signed in a meeting between Iran’s Minister of Roads and Urban…

Norwegian companies from the public and private sectors are willing to invest in Iran and expand bilateral ties, said Norwegian Ambassador to Iran Aud Lise Norheim.

The BBC will remove more than 11,000 recipes from its website, as part of a review of its online content. According to the Press Association, the move is part of a cost-cutting move to save £15…

A new locally-developed weather app targeting Persian language users has hit the Iranian market. Called Havashenas (Meteorolgist), the app intends to fill the gap of accessing local weather and…