Economy

A memorandum of understanding was signed between visiting Dutch Minister of Economic Affairs Henk Kamp and Iran’s Deputy Minister of Economic Affairs and Finance Mohammad Khazaie in Tehran on…

David Lipton, first deputy managing director of the International Monetary Fund, will soon visit Tehran for talks with senior officials. He  will be heading a delegation of five IMF officials…

Governor of the Central Bank of Iran has reemphasized the necessity of autonomous decision-making power of his bank in order to develop efficient monetary policies.

According to a decree passed by the Cabinet last month, 51% of Post Bank’s shares will remain in the hands of the government. Given the government’s responsibilities to provide banking services to…

Honda Motor Company plans to recall more than 20 million airbag parts made by Takata Corporation as a preemptive measure globally.

Plans to recover the Takata products, including in areas…

In most markets, resurrecting a car brand that last built an automobile the year John F. Kennedy became the US president would appear foolhardy. Unless, it seems, you want to sell in China.

Iran Khodro Company, the largest domestic car producer, has announced holding talks with an, as yet, unnamed Japanese car brand "other than Suzuki", according to a press release of the company.…

JinBei Hiase minivans, a locally produced Chinese version of the Toyota HiAce, have been designated for taxi use in Iran, replacing the much older stock of Chinese minivans currently in service.…

Following up on earlier arrangements with SAIPA, Iran's second largest carmaker, a number of small- and medium-sized auto part manufacturing firms will soon receive part of their debts, said the…

Iran's largest auto manufacturer Iran Khodro Company has started the export of police cars to Turkmenistan for increasing its share in the Commonwealth of Independent States market, the deputy…

Building-materials giant Kingspan has made an investment in Iran, seeking to take advantage of future upgrades in the country’s airport infrastructure.

Kingspan’s chief executive, Gene…

Iran and the Netherlands surveyed possibilities of bilateral cooperation in the agriculture sector during a meeting between Iranian Minister of Agricultural Jihad Mahmoud Hojjati and Dutch…

The research director of Monetary and Banking Research Institute has expressed concern over high ‘real interest rates’ which is the result of incongruity between current interest rates and the…

As the controversial banking reform bill awaits debate in parliament,   the chief executive of a major private lender contends that the measure needs to be fully discussed by all…

Iran Volleyball Federation announced Saturday that Day Bank will sponsor the national team during Asian qualifiers for the 2016 Summer Olympics in Rio de Janeiro. The private lender…

The Iran International Banking Forum 2016 will be held on May 17-18, in Frankfurt, Germany with a post–forum workshop on the 19th.

Over $7 billion worth of mineral products were exported in the last Iranian year (ended March 19, 2016), accounting for 21.6% of the overall non-oil export value, Iranian Mines and Mining…

Iran has reentered the global market and investors are lining up. See who is leading the pack and who is lagging behind.

With the fall of Iran’s international sanctions in January, many…

A look at the hustle and bustle of sportswear and sports equipment shopping centers suggests that the industry must be thriving in the country. However, the reality proves the contrary.

There are 40 out-of-service planes parked in Mehrabad International Airport, which will be discarded as per a decree issued by Roads and Urban Development Minister Abbas Akhoundi, says the airport…

Iran and Turkmenistan discussed ways of increasing cross-border transit in a meeting between Turkmen Foreign Minister Rasit Meredow and Iranian Roads and Urban Development Minister Abbas Akhoundi…

Just as the number of permits issued by the Ministry of Industries, Mining and Trade for establishment of industrial units saw a decline for the past Iranian year (Match 2015-16), there was a…

Iran’s move towards a market economy has had critics, and it has not even started yet.

In prior decades, socialism was gaining ground in the region, thanks to a lot of influence exerted by…

The Japanese government hopes to play a role in the development of a regional logistics hub in southeastern Iran.

Iran and Russia are jointly organizing two trade events later this month to promote commercial ties.

The first event is an exclusive Iranian exhibition in the Russian capital Moscow…