Economy

Iran’s trade balance was positive in the last Iranian year (March 21, 2015-March 19, 2016), registering a surplus of $916 million, according to the latest report by the Islamic Republic of Iran…

Stocks in Tehran rose in the first trading week of the new Iranian year (started March 20) on optimism about the Iranian economy and dissipation of worries about falling commodity prices globally…

Iranian Aluminum Company produced about 180,000 tons of pure aluminum in the last Iranian year (ended March 19, 2016), indicating a 9% increase compared to the previous year, managing director of…

A delegation, including representatives of 70 companies from Germany’s North Rhine-Westphalia, headed by the state’s Minister of Economic Affairs, Energy and Industry Garrelt Duin will visit Iran…

South Korea and Iran will hold working-level talks in Tehran next week to discuss their economic ties.

Pakistan and Iran aim to increase annual trade volumes between the two countries to $5 billion by 2021, according to Pakistani Prime Minister Nawaz Sharif.

The goods and services Consumer Price Index for urban areas in the 12 months ending March 19, which marks the end of the Iranian month of Esfand, increased 11.9% compared with last year’s…

Iranian and Austrian representatives of their respective countries’ private sectors signed deals worth over $2 billion in Vienna on Thursday.

A new Iranian e-commerce website allows users to do a large part of their grocery shopping online. By using the website Sabzaloo.ir (meaning green prune in Persian), customers can pick the items…

Yandex Payment Solution, the payment aggregator service of Yandex.Money, is introducing a new checkout method in Russia, allowing merchants to identify their customers’ preferred payment methods…

China's Huawei Technologies on Friday posted its biggest annual revenue growth since 2008, boosted by China's adoption of fourth-generation mobile technology and strong sales of smartphone…

A team from China plans to challenge Google's AlphaGo, the artificial intelligence program that beat a world-class player in the ancient board game Go.

Indian officials and merchants have asked the Islamic Republic of Iran Customs Administration to lower tariffs on tea imports from India.

In 2014 and 2015, India exported some 18,000 and 22…

A 13-year-old Airbus A320 passenger plane has been delivered to Kish Airlines, the CEO of the Iranian company, Mohammad Ali Sadat-Akhavi announced on Wednesday.

Kish Airlines, which…

Banks have settled 20 trillion rials ($661.8 million) of their debts to the Central Bank of Iran during the first 10 months of the fiscal year (ending January 20). According to CBI’s latest…

This week Iran’s Volleyball Super League’s final match was held between Sarmayeh Bank’s club vs. Paykan, with the former grabbing the title.

Sarmayeh’s victory, however, raised doubts…

Negotiations with big credit card issuers, namely Visa and Master Card, are underway to introduce their cards to Iran’s market, the CEO of Shaparak payment and settlement network said on…

The newly-raised mortgage is not only much bigger than the previous ones, it also provides a valuable opportunity for families, especially first-time buyers, to purchase a house, a deputy minister…

Global transaction network SWIFT is now linked to Bank Mellat’s Armenia branch, Bank Tejarat’s Dushanbe branch, Bank Melli’s Baku branch and Bank Melli’s Iraq branch, according to a senior…

Investors interested in developing new towns might put up their money either for constructing a whole town or developing their infrastructure, including roads, hospitals, schools and recreational…

Iran’s non-oil foreign trade during March 21, 2015-16 stood at $81.38 billion, according to the latest report of the Islamic Republic of Iran Customs Administration.

China, the world’s third largest and the most populous country, is one of Iran’s main trading partners. The country’s large workforce and cheap raw materials have turned it into a major producer…

A quiet but collective bubble of excitement could be felt in the top executive floors of some of the largest multinational companies in the world when sanctions against Iran were lifted last month…

By streamlining rules and eliminating unnecessary regulations, the ministries of agriculture and industries, in cooperation with Tehran Stock Exchange, have cut 400 procedures for getting the…

The lifting of sanctions against Iran has created a wave of opportunities for the global aviation industry and companies are already lining up to make the most of one of the largest emerging…