Economy

The housing market in Tehran is slowly waking up from a long slumber and entering "pre-boom levels" as the total number of home deals in the ninth month of the fiscal year (Dec. 22, 2015- Jan. 20…

The government plans to issue bonds worth 400 trillion rials ($ 13.2 billion) to cover its debts, a measure which is included in the next year’s budget bill and the sixth development plan (2016-21…

Bahrain has not yet made a decision about the fate of an Iranian-owned bank based in the Persian Gulf state that is presently under administration, a senior Bahraini central bank official told…

Collaboration with Italian and French Banks are priorities for forging  correspondent relations, said Ali Saleh Abadi, chief executive of Export Development Bank of Iran, Eximnews reported…

Iran’s home appliance market has an annual turnover of 200,000 billion rials ($5.7 billion at market exchange rate), said the spokesperson of Home Appliance Producers Association. Hamidreza…

The goods and services Consumer Price Index for urban areas increased to 13.2% in the 12-month period ending January 20, which marks the end of the Iranian month of Dey, compared with last year’s…

Iran’s non-oil foreign trade during the 10 months ending January 20 stood at $69.45 billion, according to the latest report by the Islamic Republic of Iran Customs Administration.  

The $11 billion clothing market in Iran, coupled with the lack of competitiveness and diversity, has created a fertile ground for rampant garment smuggling, which poses an existential threat to…

South Korea launched a business center to support local firms exporting to Iran on Monday, as the Islamic Republic is opening its market following the recent lifting of western sanctions, the…

Majlis Planning and Budget Commission on Sunday approved the outlines of the budget bill—on an 18-2 vote—for the upcoming Iranian fiscal year (starting March 20.  The government’s general…

The export of eggs from Semnan to Iraq during the 10 months to January 20 stood at 560 tons, says director general of the Iranian province’s Veterinary Department. Mohammad Saeedi added that…

A representative of Premium Tobacco International, a major tobacco dealer, visited Tehran on Sunday and met with the head of Iranian Tobacco Company over a previous tobacco deal for which Premium…

Tehran Stock Exchange’s all-share index TEDPIX jumped 1,117.40 points or 1.65% to end Monday trade at 68,8857.5.

Over 2 billion shares valued at $125.6 million were traded to post a…

Tehran-based Griffon Capital said on Monday it had launched an overseas Iran-focused equity fund and is seeking to raise €100 million ($108.28 million) from European investors by the yearend. The…

Private finance company, Middle East Finance, officially based in Ireland, says it has signed agreements with the Iran’s Ministry of Industries, Mining and Trade in Tehran to invest, own and…

Geopolitics moved front and center as a driver to shipping, following the lifting of sanctions against Iran on January 16.

China and Iran have enjoyed close-knit relations, since China’s Han Dynasty (207 BC-220 AD) welcomed merchants from Central Asia, India and Persia (Iran) to trade goods in the country, which was…

The international community became fully aware of the seriousness of Iran and China about future cooperation, with the announcement this week of bilateral deals worth $600 million between the…

High-ranking officials from Iranian Diesel Engine Manufacturing Company and Germany's Daimler have reached an agreement on producing three engines in Iran.

As sanctions on the Islamic Republic have been removed by Tokyo, Japanese automotive companies have begun to explore opportunities to tap into the Iranian automotive industry.  Japanese…

Iran meets up to 80% of domestic demand for pesticide, said Chairman of Pesticide and Fertilizer Importers Association Seyyed Mehdi Hosseini Yazdi, Mehr News Agency reported.

Deputy Agricultural Minister Mohammad Ali Tahmasebi said Iran is considering Russia as a potential export market for Iranian apples amid a surplus. Apple production stands at 3.5 million tons this…

With the lifting of the long-lasting global economic sanctions on Tehran, Turkish ready-to-wear retailers are among the first to launch a lucrative stream of foreign investments in Iran.

Iran is the world’s sixth and Asia’s third largest producer of chicken with an annual production of 1.8 million tons, according to Iran Veterinary Organization. Iran’s poultry industry is home to…

South Korean products’ market presence in Iran has fallen over the past few years despite higher export volume, due to China increasing its sales at a faster pace.

According to data…