Economy

Freed of international sanctions, Iran has asked India to reactivate its accounts with Indian banks and allow Iranian banks to open offices in that country.

Tehran Stock Exchange’s main index TEDPIX jumped 1,214.40 points or 1.63% to end Monday trade at 75,783.8.

Over 2.3 billion shares were transacted valued at $143.5 million, with daily trade…

More than $455 million worth of cement were exported from March to December 2015, indicating a 33% decline compared to last year’s similar period and accounting for 1.7% of the country’s total…

Online trading is gaining in popularity in Iran.

The trend is likely to continue, as more traders flock to the stock market following the lifting of sanctions and exchanges and brokers…

Last week, Iran announced preliminary plans to buy 118 planes from France-based Airbus in a deal worth roughly $27 billion.

This is while no deals have been announced with the US planemaker…

Iran has recently launched a direct shipping route to Oman in what is expected to help diversify access to international export markets for the Islamic Republic.

The route between Iran’s…

A senior official of the Iran-Italy Chamber of Commerce has announced Iran striking a fourth auto deal before either company made an official announcement.

Iran Khodro and Italian-American…

Hyundai, one of the strongest selling foreign auto brands in Iran, has announced the sale of the latest 2016 Tucson model (ix35) have begun in the country.

The new car, which is gradually…

The production line for mass producing turbocharged engines was unveiled on Saturday by Iran’s largest auto manufacturer, Iran Khodro.

The latest prices released for three of the new Peugeot models slated to enter the Iranian market have been announced.

Peugeot 2008 will cost 720 million rial (€18,275 at market exchange…

Italian bike maker, Benelli, has roared into the Iranian market by showcasing its latest models at Tehran’s IRIB Conference center in the north of the capital earlier this week. The company is…

Iran has a long-term plan to achieve self-sufficiency in meat production, by promoting genetic engineering and increasing efficiency in the livestock sector, according to deputy agriculture…

Iran is ready to export ornamental plants from the city of Mahallat located in Markazi Province to Russia after an Iranian business delegation visited Moscow last week to hold negotiations with…

About $840,000 worth of hand-woven Iranian carpets have been exported from Khorasan Razavi Province since the start of current Iranian year (March 21, 2015), says Hadi Makhmali, the head of…

In a visit to Fars Province last week, Joseph Maria Gomez, the head of Barcelona Chamber of Commerce’s International Relations Department, and his delegation expressed readiness to expand…

Year 2016 has started with ominous signs. China’s economy is slowing down, the commodities market is in turmoil, oil prices have plummeted, the US is showing symptoms of growth moderation, India’s…

On Sunday, 22,000 tons of lube cut oil offered by Tehran, Tabriz and Bandar Abbas oil refining companies were traded at Iran Mercantile Exchange for more than $2.5 million. Furthermore, 10,000…

Foreign investors are showing interest in Iranian bonds, says the head of Iran Fara Bourse—the country’s largest bond market.

Amir Hamouni added that foreign investors have already chipped…

Iran has a lot to boast about when it comes to the steel industry.

The country possesses some of the world’s largest mineral reserves with close to 2.7 billion tons of iron ore. It is…

Tehran Stock Exchange’s main index TEDPIX rose 465.82 points or 0.63% to settle Sunday trade at 74,569.4.

More than 2.1 billion shares valued at $118.1 million were traded, indicating a…

Polyester is a synthetic fiber derived primarily from petroleum.

Tehran and Moscow will discuss credit line extensions during a visit by Mohammad Khazaei, the deputy economy minister, to Russia on Monday, Iran’s ambassador Mehdi Sanai said Saturday. The…

Bank Maskan (housing bank) is planning to establish a “Special Maskan Credit Insurance” to cover risks for mortgage-backed securities (MBS) and the repayment of housing loans, said Mohammad Hashem…

A former governor of the Central Bank of Iran says unless exchange rates are unified, Iran’s markets would remain unattractive for foreign investors.

“Foreign companies are not likely…

Implementation of the nuclear accord with the six world powers has removed a big hurdle in the way of economic development, Said Laylaz, a senior economist says.

However, he warned that the…