Economy

Goods imported through the temporary import scheme will no longer be insured by the Central Insurance company of Iran – the primary regulator of the insurance industry in Iran. According to the…

By virtue of the Majlis approval, provision of Qarzol-Hasane marriage loans (microcredit and interest-free loans) has become a priority of the banks.

Governor of the Central Bank of Iran, Valiollah Seif, stressed the importance of closer banking cooperation between Iran and Italy as a way to promote two-way trade.

“Italy has done a great…

The government has announced renewed efforts to combat money-laundering now that long-standing sanctions against the country have been lifted. In a Cabinet meeting early Wednesday presided by…

To give a boost to the domestic rug market, loans of up to 100 million rials (close to $3,000 at market exchange rate) will be given to buyers of hand-woven rugs. The decision is based on an…

Iran Small Industries and Industrial Parks Organization is planning to revive 9,000 industrial units in the new Iranian year (started March 20), says head of the organization.

Trade between Iran and Malaysia during the first two months of 2016 stood at about $101 million, which indicates a 27.8% increase compared with last year’s corresponding figure, the Malaysian…

Close to $20 billion worth of industrial goods were exported in the last Iranian year (ended March 19), which indicates a 3.4% rise compared to the previous year, according to the deputy head of…

Tehran-Islamabad transactions are estimated to reach $5 billion within the next three years, Iran’s interior minister said.

Abdolreza Rahmani Fazli also told IRNA that the two sides must…

The Russian Agency for Export Credit and Investment Insurance, Exiar, and the Islamic Republic of Iran Railways have signed a memorandum of understanding to reinforce cooperation and support trade…

The Islamic Republic of Iran Customs Administration is enacting new regulations to ease import and export of goods by Iranian manufacturers.

The new regulatory package comes after IRICA…

Tehran Stock Exchange’s main index TEDPIX lost 521 points or 0.65% to close Wednesday trade at 79,588.3. Auto manufacturing and mining firms were the day’s main laggards behind the benchmark.

Iran’s 18 gold mines hold more than 340 tons of gold deposits, with the highest amount of the precious mineral found in West Azarbaijan Province, according to deputy head of the Geological Survey…

Iran Power and Water Equipment and Services Export Company has offered to cooperate in a joint venture for mineral exploration and extraction in Kazakhstan, IRNA reported.

The offer was…

The 13-year-old proposal of establishing a trade route from India to Iran, and Afghanistan and also Central Asia–bypassing Pakistan–is now within distance of becoming a reality.

Iranian tech company Tose’e Parvaz Yazd has signed a €30 million contract with Italian aeronautics manufacturer Tecnam, which entails the transfer of technology by the Italian side for the…

German Chancellor Angela Merkel told automakers that they should soon be able to test self-driving vehicles on the country's roads by promising to remove legal barriers.

Uber Technologies Inc. on Tuesday released its first-ever transparency report detailing the information requested by not only US law-enforcement agencies, but also by that country's regulators.

Mercedes-Benz boosted sales twice as fast as BMW in the first quarter of 2016, moving the brand closer to grabbing the lead in the world's luxury-car market for the first time in a decade.

Following the latest auto contracts signed, 2,000 jobs will be created in East Azarbaijan province, said a deputy of the province's Industries, Mining and Trade Organization.

Jaguar will step up its challenge to Audi, BMW and Mercedes-Benz in China with the XFL, an extended wheelbase version of its XF large sedan.

Parsian Bank is working on “Parsi Card” a newly-developed international credit card, which would be offered to customers for overseas transactions said Kourosh Parvizian, the bank’s CEO.

Iran’s Saman Bank has established custodian services to help investors go through the process without worrying about the protection and management of their capital.

British banks remain reluctant to finance trade with Iran, fearing they could still be targeted by existing US sanctions that are impeding Tehran's reentry into markets after years of isolation,…

Bank Austria has signed a cooperation agreement with an Iranian bank while launching its business with the Islamic Republic , said Naser Riahi, a member of Tehran Chamber of Commerce, Industry and…