One US dollar could well buy 40,000 rials by the next Iranian year starting in mid-March 2016, a local analyst says. On Thursday noon each USD fetched 33,900 rails in the Iranian free market.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
As the parliament is mulling a bill on rewriting the usury-free banking law, the Economy Ministry has announced that the long-awaited banking reform draft bill would be submitted to the…
Economy
A new chapter has opened in Iran's economic relations with the outside world and the long-awaited process would be facilitated with the aid and assistance of the world's top financial and lending…
Economy
The Development Bank of Hungary (MFI) is ready to provide Sarmaye Bank with SWIFT services even before the official lifting of the sanctions, MFI’s official representative said Thursday.
Economy
A MoU on banking services including lending, formulation of guarantees, financing projects and joint investments in the local currency and foreign exchange was signed by the CEOs of Bank Tejarat…
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The first international conference on banking technology was held in the Persian Gulf Kish resort on Saturday, IRNA reported.
Economy
Texas joined the Volkswagen litigation bandwagon, accusing the company’s US unit of violating state consumer protection laws and clean air standards by using rigged software in some of its diesel…
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Iran Khodro Company, Iran's largest auto manufacturing firm, will set up an assembly line as a joint venture in its Persian Gulf neighbor Oman.
IKCO CEO Hashem Yekezare said Iran's Ministry…
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Nissan Motor and other Japanese automakers are looking to restart exports to Iran, as the prospect of sanctions relief grows stronger.
Economy
Iran will host the Third International Conference on Automotive Industries with a special focus on environment. According to Ali Mohammad Goudarzi, advisor to the minister of industries,…
Economy
The Union of Iranian Leasing Companies has formed a committee to develop new leasing methods to enhance efficiency with a focus on operational leasing.
Economy
Head of the Central Bank of Iran left Tehran for the Peruvian capital Lima to attend the annual meetings of the World Bank Group and the International Monetary Fund, the CBI reported late…
Economy
As relations with the West improve slowly, Iranian banks are poised to resume their overseas activities. The Persia International Bank was established in 2002 following the merger of London…
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Parsian Bank has prioritized financing strategic projects, namely in the energy, steel and mines sectors. Kuroush Parvizian, the bank’s CEO said his bank has already lent to companies in the said…
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The representatives of Iran’s Bank Keshavarzi (agro bank), the Agricultural Development Bank of China and India’s National Bank for Agriculture and Rural Development have met to share experience…
Economy
In perhaps one of the harshest anti-western decrees issued by Russian President Vladimir Putin, hundreds of thousands of food products that were said to have violated Kremlin’s ban on European…
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During a meeting between the ambassadors of Caspian Sea littoral states to Iran and Anzali Free Trade Zone Managing Director Reza Masrour in Gilan Province on Thursday, the participants discussed…
Economy
More than 12.5 million tons of goods worth $17.7 million were imported to Ardabil Province during the first half of the current Iranian year (started March 21), showing a 16% decrease in volume…
Economy
About 84,000 tons of eggs were exported during the first half of the current Iranian year (started March 21), indicating a 20% increase compared to the similar period of last year, says deputy…
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Iran being the most populated country in the Middle East is anticipated to provide significant demand for air conditioning systems with the expected rise in per capita income in the coming years,…
Economy
German Nordic Shipbuilding Company and Iran Shipbuilding & Offshore Industries Company signed a memorandum of understanding on future cooperation in the Iranian port city of Bandar Abbas,…
Economy
The initial economic bounce from President Hassan Rouhani’s election in June 2013 and the signing of the Joint Comprehensive Plan of Action later that year ended nine quarters of negative economic…
Economy
Tehran Stock Exchange’s benchmark retreated further during the week that ended October 7 with TEDPIX slipping 109 points or 0.18% compared to the previous trading week to settle at 61,389.8.
…Economy
Following Iran’s nuclear deal, there has been plentiful analysis on its impact across the world. The focus largely has been on the impact in the Middle East.
Its impact on the Indian…
Economy
The first half of the current Iranian year (started March 21) saw the export of 225,000 square meters of stones for building facades worth $2.7 million from the city of Mahallat in Markazi…
Economy
