Economy

Iran’s Economy Minister Ali Tayyebnia sought to reassure foreign investors that the Iranian market is a sound option.

Investors from Turkey will build at least 10 hotels in Iran, as part of an agreement signed during Turkish Culture and Tourism Minister Mahir Unal’s official visit to Tehran on Thursday.

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Since sanctions against Iran have been lifted, mega-orders from the country were expected in the aviation industry. So far, only Airbus was able to secure a deal.

Boeing could not start…

Tehran Stock Exchange’s all-share index TEDPIX won 156 points or 0.21% to end Saturday trade at 76,138.

Robust gains by auto manufacturers, investment companies and banks helped end the…

Most industries divide into subcategories and expand so much over time that they eventually start operating independently. Office furniture and decorations is one such business.

The…

Aad Verbakel, founder of Dutch agricultural firm VB Group, has signed a preliminary deal to build a 20-hectare greenhouse in Iran.

“This large-scale modern greenhouse complex, which will…

Iran is likely to become a major direct reduced iron supplier to international markets because of low energy costs and abundant iron ore reserves, a board member of Iranian Steel Producers…

German Machine Tool Builders’ Association (VDW) and the European country’s exhibition and trade fair company, Messe Stuggart, will hold an international metalworking exhibition in Tehran on May 30…

The Ministry of Industries, Mining and Trade has recently issued revised regulations for car importers that have obtained the official representations of foreign car brands via intermediaries.…

US Secretary of State John Kerry told Europe’s top banks they have nothing to fear from resuming business with Iran, as long as they make proper checks on trade partners and pursue “legitimate…

The Insurance Regulatory and Development Authority of India (IRDAI) has granted approval to 23 cross border reinsurers for the year 2016-17 including Iran Insurance Company, IRDAI announced in a…

As concerns over the pace of liquidity growth mounts, the Central Bank of Iran has responded by arguing that liquidity is merely a ‘nominal variable’ and such variables are always on the increase…

Iran’s leading private bank, Bank Mellat, won a major legal battle against the UK Treasury in its claim of $4 billion damages for the sanctions imposed on it in 2009, with the English Court of…

The Euromoney Iran Conference will be held on Thursday May 19 in London.

Co-hosted by the Central Bank of Iran, the conference will discuss and explore the necessary steps for Iran’s…

On January 16, 2016, the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country’s return to international capital and other…

Stocks accelerated their decline on Tehran Stock Exchange this week compared to the previous week.

Iranian week days start on Saturday and end on Friday. TSE trading days end on Wednesday…

Iran is seeking $10 billion of investment to develop its domestic aluminum industry that could export 60% of its output to meet growing global demand for the metal used in cars, jets and beverage…

Iran will become self-sufficient in iron ore concentrate production by the end of the current Iranian year (March 2017), says Minister of Industries, Mining and Industries Mohammad Reza…

An Iranian delegation led by Agriculture Minister Mahmoud Hojjati is scheduled to visit Azerbaijan on May 15-17, Trend News Agency reported citing a statement by Azerbaijan’s Agriculture Ministry…

Iran's sovereign wealth fund has close to $80 billion of assets, says the fund's alternate chairman and member of the fund's Managing Board.

The National Development Fund of Iran was…

Bilateral economic relations between South Korea and Iran are expected to take another big leap forward following South Korean President Park Geun-hye's historic trip to Tehran in early May.

The government is giving Iranian airlines four months to get rid of their out-of-service planes, as airports grapple with a shortage of parking space. “The airlines will face heavy fines for each…

Iran has about 6.7 million honeybee hives, producing up to 77,000 tons of honey every year, an official with the Ministry of Agricultural Jihad said. According to Mohammad Mirzaei, the country is…

More and more Iranians are clicking themselves into the world of consumerism. Through their smartphones, computers and tablets, people purchased up to 610,000 billion rials (about $18 billion at…

Apple Inc. said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the…