The CEO of Day Bank says it has raised its capital from 5 trillion rials ($164.9 million) to 6.4 trillion rials ($211.1 million). Ahmad Shafizadeh said all required legal action for…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
The fact that Iranian banks have not yet been able to establish full correspondent relations with their European counterparts more than three months after the sanctions ended has been a subject of…
Economy
The government is planning to complete the first section of the Tehran-North Freeway by March 2017, the deputy minister of roads and urban development said.
Mehr News Agency also quoted Ali…
Economy
The removal of western sanctions imposed on Iran over its nuclear program, as part of the July 14 nuclear deal reached with six major world powers, held much promise for the Iranian cement…
Economy
More foreign investors are vying for Iranian securities that are considered a high yield, high risk investment option, since the removal of sanctions.
The Central Securities…
Economy
President of Confederation of Indian Industry Naushad Forbes, accompanied by a delegation of 18 major Indian companies, met with the head of Iran Mines and Mining Industries Development and…
Economy
More businesses are signing up to joint South Korean President Park Geun-hye during her upcoming visit to Iran. Seoul said on Wednesday 236 South Korean entrepreneurs and business group…
Economy
More than 13,000 tons of shrimps worth $56.7 million were exported to 19 countries in the last Iranian year (ended March 19, 2016), indicating a 10% rise compared with the corresponding period of…
Economy
The Producer Price Index in the 12-month period ending April 19, which marks the end of the Iranian month of Farvardin, increased by 4.5% compared with last year’s corresponding period, according…
Economy
The number of foreign delegations that arrived in Iran in the last Iranian year (ended March 19, 2016) equals the total visits paid in the past 25 years, a member of the board of directors at Iran…
Economy
In recent years, growing attention has been paid to vegetable oil production, as they do not have the adverse health effects of trans fat and used in most cuisines.
In Iran, per capita…
Economy
Volvo has announced plans to conduct the "most ambitious" trial of driverless car technology on UK's roads.
The Swedish manufacturer said it will be the first time members of the British…
Economy
British carmakers are eager to start business in Iran, said the chairman of the British-Iranian Chamber of Commerce. Lord Lamont added that British carmakers, such as Jaguar, Land Rover and…
Economy
Russia's once-booming automotive market is seen falling 10% in 2016, as car sales tumble for the fourth consecutive year, said the head of the country's largest dealership group.
Economy
In a bid to support Iran's auto parts industry, the Ministry of Industries, Mining and Trade has obliged foreign carmakers to allocate a 20% share for domestically-made car parts if they want to…
Economy
The decline in Iran’s exports to Russia is blamed on depreciation of the Russian currency against the dollar among other reasons, including the country’s strict food standards, says the deputy…
Economy
Official figures show that about 90% of foreign clothing are smuggled into the Iranian market, says the director general of Textile, Apparel and Leather Industry Organization, affiliated to the…
Economy
Iran accounts for 15.7% of the 7 million tons of date fruit annually produced worldwide, which amounts to 1.1 million–200,000 tons of which are grown in Khuzestan Province alone, according to…
Economy
The 13th session of Iran-Belarus Economic Commission, headed by Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and his Belarusian counterpart, Vitaly Vovk, is scheduled…
Economy
A trade delegation from the northeastern Austrian state of Lower Austria met with Masoud Khansari, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, in Tehran on Tuesday…
Economy
The Iranian steel industry’s path to growth is influenced by factors, such as the global steel supply, iron ore prices, import tariffs and the prevailing political climate.
Most of these…
Economy
The ‘construction quality assurance’ scheme proposed recently by the government was a dire need of the domestic construction industry, a housing experts says, but adds that he is not very…
Economy
As the first Irish trade delegation arrived in Iran this week after the lifting of sanctions in January, a major obstacle in the way of bilateral trade between the two countries has remained…
Economy
Shaparak, the domestic payment and settlement network, processed 1.035 billion transactions during the last month of the fiscal year that ended on March19, worth 1.18 quadrillion rials ($39…
Economy
Parsian Bank and Post Bank have teamed up to improve their services for promoting domestic production, exports and scientific ventures.
Economy
