Economy

Iran and Sri Lanka concluded the 11th session of their Joint Commission for Economic Cooperation in Colombo last week.  The first trade talks with Sri Lanka by a post-sanctions Iranian…

Deputy Minister of Industries, Mining and Trade Mojtaba Khosrotaj arrived in Slovakia on Friday to meet with the European country’s officials and participate in a forum on the outlook of economic…

Fruits and meat products needed during the Iranian New Year holidays (starting March 20) have already been stockpiled and the government will face no shortage in this regard. “Fruit production in…

The Producer Price Index in the 12-month period ending February 19, which marks the end of the Iranian month of Bahman, increased 5.5% compared with last year’s corresponding period, according to…

Leading UAE law firm Baker & McKenzie Habib Al Mulla recently hosted Iran Trade Roadshows in Dubai and Abu Dhabi to discuss the potential changes to sanctions in relation to the Joint…

A 24-member delegation from Lahore Chamber of Commerce and Industry met Iranian private sector businesspeople in Tehran’s Chamber of Commerce, Industries, Mines and Agriculture on Saturday to…

General Motors can envision a day when it restarts vehicle production in Russia, its top European executive said.

The DS E-Tense Concept has been revealed ahead of a debut at the Geneva Motor Show as a 396-bhp electric GT, perhaps pointing the way to DS’s future.

It’s a year since DS became a…

Hyundai, a major player in the local automotive market has taken the wraps off its latest hybrid trio vehicle to be debuted in Geneva later this week.

Previously leaked details of the new…

Arash Motor Company, owned by British-Iranian entrepreneur Arash Farboud, has taken its latest model to the International Geneva Motor Show this week.  The car company, previously highlighted…

Tehran Stock Exchange is in the “late stages” of compiling a new index, ranking companies according to their transparency and governance structures, its CEO said on Wednesday.

It is a rare…

Reading about the talk surrounding the new "Comprehensive Taxation Plan", you cannot help but feel the arguments are far out and dated.

The government is overhauling Iran's taxation system…

India wants to expand its influence beyond South Asia, and to that end it has turned to Iran. Their shared history of cooperation actually dates back to the 16th century, when Persian was the…

Sefidabeh Antimony Complex, located in Sistan-Baluchistan Province, was inaugurated by the Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh on Thursday, Iranian Mines and Mining…

Tehran Stock Exchange’s all-share index TEDPIX lost 48 points or 0.06% during the trading week that ended Feb. 24 to settle at 77,840.

Over 12 billion shares valued at $883.6 million…

Life insurance accounted for 11.7% of the insurers’ total premium in the tenth months of the fiscal year that ends on March 19, a 1.7% rise compared to the previous month. Total premiums reached…

Iran’s voting power in the International Monetary Fund has increased from 0.62% to (0.75%), following the acceptance of proposals for quota reforms in the IMF.

The Omid Entrepreneurship Fund will create special funds to support specific industries next year, Asghar Nurolahzade, the CEO said.

“We will work with unions and business leaders in…

Central Bank of Iran’s data show that rentals during the month ending February 19 increased by 10.1% in Tehran and 11.3% in other cities compared to the same period last year, respectively.

The decision to cut interest rates from 20% to 18% was taken largely to help forge a balance between deposit/lending rates and other macroeconomic parameters, Peyman Ghorbani, the Central Bank of…

An economic delegation, comprising representatives of 80 private Iranian companies, is scheduled to visit Germany on March 2-4 at the invitation of Eric Schweitzer, president of the Association of…

Iran has exported 4,000 tons of hand-woven carpets valued at $230 million so far in the current Iranian year (to end March 19, 2016), with Brazil, South Africa, Russia and China being the main…

A 24-member Lahore Chamber of Commerce and Industry delegation on Friday left for a seven-day visit to Iran to explore trade and investment opportunities and possibilities of joint ventures…

Iran offers ample investment opportunities for Omani entrepreneurs, as the country is gearing up to execute several projects in a wide range of industries, Iran’s ambassador to the sultanate said…

South Korea will restart business cooperation talks with Iran after a 10-year hiatus to help its local companies make inroads into the oil-rich country recently freed from international sanctions…