Economy

South Korea and Iran agreed to maintain the current won-based settlement system while seeking an alternative payment method that can further promote bilateral trade and investment, South Korea’s…

Raiffeisenbank International (RBI) of Austria wants to fully re-launch operations in Iran over the coming months. At the moment business is still on ice. The bank had been doing very good business…

Trade delegates from Russia, India and Iraq, representing more than 22 companies, visited Kerman Province on Wednesday and met with their Iranian counterparts in a series of B2B meetings to…

One of the key achievements of the government in the agricultural sector has been the export of 332,000 tons of chicken and eggs over the past two years for the first time in Iran’s history,…

A Kazakh-Iranian business forum will be held on Feb. 7 in Tehran to discuss ways of promoting bilateral economic cooperation, Kazakhstan’s newspaper The Astana Times reported.

East Azarbaijan Province accounts for $150 million of Iran’s $500 million worth of total chocolate exports to 60 countries, according to Industries, Mining and Trade Organization of the…

Multinationals looking to swoop into Iran as most sanctions lift will find important sectors of the 80 million-strong market already conquered by domestic brands.

While most domestic…

Central Asian countries are buzzing with excitement over the lifting of western sanctions against Tehran, but for the time being Iran may mainly act as a transit hub between the landlocked region…

The Islamic Republic of Iran Customs Administration has unveiled a plan based on which the appraisal of imported items will be carried out online, IRICA’s news portal reported. The plan is aimed…

For the first time Iran will have a national pavilion at SMM Hamburg, the leading international maritime trade fair, according to its website.

“An industry fair is a great platform for…

CMS has become the first major international law firm to open a dedicated office in the Iranian capital, Tehran, led by partners of CMS Germany. This includes the right to provide legal advice in…

The “Iran Capital Market Roadshow” is scheduled to take place in Oman on February 24 for showcasing investment opportunities available in Iran, as the country opens up to international markets…

Australia, which lifted sanctions on Iran two weeks ago, continues to restrict the export of certain semi-finished aluminum and aluminum alloy products, says the Department of Foreign Affairs and…

Tehran Stock Exchange's main index is hovering around a one-year high. TEDPIX started to rally after January 16, the day on which the UN nuclear agency confirmed Iran has complied with the…

National Iranian Copper Industries Company and Germany’s Mansfelder Kupfer und Messing GmbH—Europe’s third largest manufacturer of primary and semi-finished copper products—have signed a…

During the last meeting of Iran’s Competition Council, it was decided that the council will remain responsible for setting vehicle prices as long as the local auto industry remains dominated by a…

PSA Peugeot-Citroen will recall 2,484 Peugeot 4007 crossovers in Russia because of possible problems with their electronics systems, Russian state standards agency Rosstandart said on Tuesday. The…

After the removal of sanctions on the Iranian economy, international tire companies may be able to take a chunk of the local market share, according to a new report from Britain.

The Zika virus has hit India's Tata Motors that has decided to rebrand a soon-to-be launched hatchback vehicle that was to have been called Zica, an abbreviation of "Zippy Car".

The car is…

Stressed assets of Iranian lenders have declined from 14% to 12%, First Vice President Es’haq Jahangiri said in Tehran on Tuesday. He, however, acknowledged that the bad loans remain a major…

Love is like war, easy to start but very hard to stop, said H. L. Menken, notable American author. But the saying can be ascribed, albeit much less poetically, to describe the cocktail of woes…

Iran and Ecuador central banks plan to open a joint account to help boost commercial ties between the two countries, Valiollah Seif, Central Bank of Iran’s governor, said in a meeting with an…

Close to 712,000 tons of copper concentrates were produced by the subsidiaries of National Iranian Steel Industries Company, namely Sarcheshmeh Copper Complex, Sungun Copper Mine and Miduk Copper…

Export Development Bank of Iran has created a €20 million credit line to ease exports to Russia, says the bank’s chief executive. “Currently, Russian companies are interested in importing Iranian…

Tehran’s equity markets extended their gains on the second day of February, with both Tehran Stock Exchange and Iran Fara Bourse rising over 1% as optimism about the improving economic prospects…