Economy

Automaker Volkswagen says global sales rose 3.7% in January, held back by sagging economies in Brazil and Russia and by an emissions scandal that hurt figures in the United States.

The…

PSA Peugeot Citroen has over the past week not responded to claims by its local production partner Iran Khodro about "compensation" paid as part of the new joint deal.

South Korea will provide comprehensive financial support to local companies wanting to enter the Iranian market, the South Korean trade and industry minister reiterated on Friday.

Seoul…

An auction is planned for March 8 to sell the banking sector's excess assets, said Hassan Yamani, head of the Company for Selling Banks’ Excess Assets (FAM) on Friday.

Reforming the Central Bank of Iran is the first step to overhaul the domestic banking system, Houshang Khastoui, head of the Association of Chartered    Accountants said.

The Iranian SHAPARAK payment and settlement network processed 814 million transactions in the Iranian month ending December 21, marking a 31% growth year-on-year. The total value of transaction…

SWIFT, the international interbank messaging network, has processed 142,000 transactions for Iranian banks since the lifting of the sanctions against Iranian on Jan. 17 until Feb. 8, Central Bank…

The Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan’s largest bank, has resumed transactions with Iranian banks, including payments for Iranian crude oil bought by Japanese refiners, a company official…

Greek Prime Minister Alexis Tsipras on Monday became the first western leader to visit Iran since the lifting of trade sanctions against the Middle Eastern nation, as Greece aims to become a…

Stocks on Tehran Stock Exchange ended the week 4.7% higher in the market’s fourth consecutive week of gains, bringing equities to their highest in nearly 23 months.

Trading kicked off on…

While international appetites grow for business opportunities in Iran following the lifting of economic sanctions, Turkey, owing to its foreign policy, has failed to make use of a special trade…

Mining and industrial companies are entitled to tax incentives provided they reach cooperation agreements with universities and academia by the end of the current Iranian year (March 19, 2016),…

Bulgaria’s Minister of Economy, Energy and Tourism Bozhidar Lukarski and director general of the southeast European country’s National Customs Agency, Vanyo Tanov, are scheduled to visit Iran at…

East African tea exports to Iran are expected to rise more than sixfold by 2019, as trade ties with the Persian Gulf nation normalize after western sanctions were lifted, the head of a regional…

South Khorasan Province has exported 2,000 tons of frozen chicken to Afghanistan in the current Iranian year (started March 21, 2015), registering an 80% rise compared to the previous year.…

Enterprise Ireland—Irish state economic development agency focused on helping Irish-owned business increase exports—is planning two separate market visits to Iran in the first half of 2016 as it…

Iran Air is preparing to restart flights to Japan following last month’s international deal to end sanctions imposed over Iran’s nuclear program.

The carrier will initially restart flights…

Iran’s development bank for industries and mining has signed its first post-sanctions financing agreement with India’s Export-Import Bank to develop Iran’s railroads.

The government will offer tax incentives for companies that hire more staff, according to Labor Minister Ali Rabiei. “With the ratification of the Cabinet, companies that increase their employee…

Parks Associates, an analytical firm, has announced Samsung is catching up with Apple for the first time. The latter currently controls 40% of the local mobile market, but the South Korean giant…

Iran has projected that its major cities will receive 4G Internet coverage by the end of the next Iranian fiscal year (March 20, 2017).  

Minister of Communications and Information…

IBM’s SoftLayer, which provides server hosting and cloud infrastructure around the world, has blocked all Internet Protocols originating from Iran.

The service, which competes with cloud…

The biggest supplier of pipes to oil and natural gas producers, Moscow-based Tube Metal Company, or TMK for short, which is being hurt by weak energy prices like many players in the oil patch,…

Nomads produce 180,000 tons of meat annually, says the head of Nomadic Affairs Organization. According to Karamali Qandali, government support such as provision of cheap fodder and low interest…

Not only is Tehran Province self-sufficient in the production of apples, cherries, nectarines, peaches and pistachios, part of the surplus yield is exported to other countries, according to the…