Economy

Although the UAE lately downgraded its diplomatic ties with Iran in the wake of tensions between Riyadh and Tehran, many believe the opportunities arising from the recent removal of western…

After the United States and the European Union announced on Saturday the end of Iran’s sanctions, the Brazilian government estimates that trading between the two countries will triple over the…

Russia is ready to set up a “green corridor” to trade agricultural products with Iran, Russian minister of agriculture said.

Alexander Nikolayevich Tkachyov made the statement after meeting…

An Italian construction group said on Tuesday it had signed a preliminary agreement with Iran to build five hospitals, just after the lifting of economic sanctions against Tehran in a deal over…

Lord Lamont has been appointed the UK’s trade envoy to Iran as part of a wider government attempt to reverse Britain’s underwhelming record of exports. The appointment of the former chancellor to…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has outlined four conditions that must be observed by foreign auto companies wishing to set up business in Iran. Firstly, the…

Three of the most prominent trading families in Iran have dispatched requests to Volkswagen in hopes of obtaining legal representations of the German brand while others hope the carmaker would set…

Renault has recalled 15,000 diesel-powered cars to update their emissions filters, France's environment minister said on Tuesday, describing the current filters as inadequate in warm weather.

Kerman will host an auto exhibition on January 26-29, said the organizer of the event.  "The expo will be held at Kerman's Permanent Fairgrounds," YJC also quoted Mostafa Hamidian as saying.…

The Istanbul Chamber of Commerce (ITO) is seeking to expand Turkey and Iran’s trade ties, the chamber announced in a press statement on Monday.

 “We need to bring our commerce and…

President Hassan Rouhani said Tuesday the time has come for government downsizing and reducing its footprint in economic affairs. So long as the government maintains its strong grip on the economy…

Valiollah Seif, Central Bank of Iran’s governor said on Tuesday Iran has transferred some of its freed assets from banks in Japan and South Korea to other banks in Germany and the UAE.

Central Bank of Iran and Russia’s Union Card Company are planning to connect the two countries’ payment systems and issue joint bank cards. The Central Bank of Russia also announced Monday that…

Commerzbank is reviewing the possibility of returning to Iran, less than a year after agreeing to pay $1.45 billion to settle sanctions violations tied to the country.”Commerzbank is monitoring…

The Lloyd's of London insurance market said on Monday that from a European Union perspective its managing agents can now provide insurance and reinsurance for the transportation of Iranian oil and…

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 61,276 tons of polymers, 70,586 tons of bitumen and 100 tons of benzene on Tuesday. The IME's export trading…

Stocks resumed their rally on Tuesday brought about by improved economic prospects due to the removal of sanctions against Tehran's nuclear program.

The four-week rally had waxed and waned…

Export of raw minerals has for long been the subject of heated debates among state authorities, parliamentarians and miners.

Lawmakers consider the export of any form of iron ore–the main…

As Iran emerged from years of economic isolation over the weekend when key countries lifted crippling sanctions in return for the Islamic Republic complying with a deal to curb its nuclear…

German Chancellor Angela Merkel will visit Iran in the coming months, said the head of Iran Chamber of Commerce, Industries, Mines and Agriculture.  “Although the visit has not been…

Iran and China will sign rail contracts during Chinese President Xi Jinping’s upcoming Iran visit, which is scheduled for January 22 to 23, said managing director of the Islamic Republic of Iran…

Britain’s export finance agency is ready to offer financing to civilian aircraft exports to Iran, the head of its aviation finance section said on Monday after sanctions against the country were…

Iran’s main economic challenge is its oversized government.

Economy Minister Ali Tayyebnia made the statement at a forum dubbed “JCPOA Implementation: A New Chapter in Iran’s Economy” in…

According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the third quarter of the current Iranian year (September 23-December 21) stood at 10.7%.

The Italian government is planning to offer up to €8 billion ($8.71 billion) in financing for companies to invest in Iran, as they expect Italian exports to Iran to quadruple in two years.

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