Economy

Following the lifting of the sanctions on January 16, the central bank has published a set of guidelines for foreign investment in the Iranian insurance market in a bid to clarify rules and…

South Korea aims to double exports to Iran in two years, as construction and shipbuilding firms are seen benefiting from the lifting of international sanctions on the Middle East country, its…

Iran’s Minister of Roads and Urban Development Abbas Akhoundi met with Armenia’s Transportation Minister Gagik Beglaryan in Tehran on Tuesday to discuss ways of expanding cooperation in the…

The 5th Amusement and Attraction Industry, Parks and Playgrounds Exhibition “Amtech 2016” will be held at Tehran’s International Fairground from February 16-19. The event is aimed at promoting the…

Iranian-Turkish economic relations will have the lion’s share of advantages that will accompany Iran’s normalization of ties with the international community.

Trade volume between the two…

The first outcome of the removal of sanctions is a 10-15% decline in the costs of trading, said the Central Bank of Iran governor. Valiollah Seif added that this would help improve the…

Only a week after China's leading electronics brand, Xiaomi, set up a Middle East office in Dubai, it has now also expanded business in Iran by teaming up with an official sales representative.…

The lifting of sanctions is an excellent opportunity for Armenia’s entrepreneurs, especially those in information and high technology sectors to enter the Iranian market.

Iranian researchers have produced a special nanostructured coating that can be used in aircraft bodies to protect them against the elements.

Bombardier, the Montreal-based manufacturer of planes and trains, is exploring how to enter the Iranian market now that western anti-Iran sanctions have been lifted. This is while the company…

Banks in the Persian Gulf Arab states, including Dubai’s largest lender Emirates NBD, are already meeting prospective clients and taking legal advice about entering Iran’s financial system now…

Governor of the Central Bank of Iran said banks issued 1,000 letters of credit following the lifting of the sanctions on Jan. 16. Valiollah Seif said most of the L/Cs were confirmed on Sunday…

Deutsche Bundesbank (Germany’s central bank) removed Bank of Industry and Mine and its affiliate, Eihbank, from its sanctions’ list on Wednesday. The German bank called for the enhancement of ties…

Expanding banking ties with Slovakia can help facilitate economic and trade relations between the two countries, Valiollah Seif, governor of the Central Bank of Iran said Wednesday.

A veteran builder has urged the government to focus its efforts on helping homebuyers and discourage rent-seeking in the property sector if it really intends to stimulate the stagnant housing…

The Minister of Roads and Urban Development Abbas Akhoundi has announced that 50 trillion rials ($1.67 billion) will be injected into Bank Maskan (housing bank) to improve its lending power.

A private Russian wagon manufacturer is set to provide Iran with 500 freight wagons through leasing contracts, head of the Islamic Republic of Iran Railways announced on Wednesday.

Tehran Stock Exchange’s all-share index TEDPIX jumped 444.40 points or 0.67% to end Wednesday trade at 66,562.5.

More than 1.5 billion shares changed hands valued at $82.8 million with…

Demand for spices is ever-growing, especially due to their medicinal properties and widespread use in cooking.

Spices such as peppers, turmeric, ginger, cinnamon, cumin, cloves, garlic and…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 80,000 tons of steel slabs by Khuzestan Steel Company at the base price of $0.3 per kg on Wednesday.

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International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund to enable it to be one of the first funds to invest in Iran.

Iran's Oil Ministry cut the price of natural gas fed to the petrochemical industry by 38.5% to less than 9 cents per cubic meter on Saturday, sending most petrochemical stocks up while some lost,…

More than 134 kg of 24-carat gold bars with an average purity of 99.8% as well as over 100 kg of silver were produced by Zarshouran Mining and Industrial Complex from March to December 21, 2015,…

Pakistan has decided to initiate a free trade agreement with Iran following the lifting of sanctions on Tehran.  In a meeting with the newly-appointed Ambassador of Iran to Pakistan Mehdi…

Kabul has called on Tehran to review the state of its trade ties with Afghanistan and move toward investing and establishing production factories in the country, instead of regarding it as an…