A joint bank between Iran and Pakistan will be established and become operational before the current fiscal year is out, announced Iran’s ambassador to the South Asian country.
Economy
Iran is home to 1,728 endemic medicinal plants, twice as many as all of Europe’s. This remarkable diversity made Iran one of the key traders of medicinal plants in the past.
Sri Lankan officials are setting up a business delegation to send to Iran, as President Maithripala Sirisena is scheduled for a visit to Tehran later this month to expand relations with the…
A delegation of Indian rice producers headed by President of All-India Rice Exporters Association Mohinder Pal Jindal are scheduled to visit Tehran on January 27 to pave the way for increased rice…
About $8.5 billion in foreign direct investment have been made in Iran’s industrial sectors so far since Hassan Rouhani took office as Iran's president in August 2013, the minister of industries,…
The construction of Iran’s biggest rail bridge will be completed in a fortnight, a deputy minister of roads and urban development announced.
Kheirollah Khademi added that the project has…
One-third of all home appliances in the Iranian market is smuggled, an official with the Ministry of Industries, Mining and Trade said.
According to Abbas Hashemi, $485 million worth of…
Magnesium is the metal of the future and Iran has the potential to be a major global player in its unfolding.
Iranian longs steel producer Yazd Rolling Mill is expanding iron ore processing, considering the country’s rising demand for high-quality raw materials.
Tehran Stock Exchange’s main index gained 7.60 points or 0.01% to end Wednesday trade at 78,991.3.
About 501 million shares valued at $129.6 million changed hands for the day.
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Iran Mercantile Exchange’s export trading board is all set to resume cement trading, the head of Cement Employers Association said.
Abdolreza Sheikhan added that the precise date will be…
South Korea banned the sale of 10 models built by Nissan, BMW and Volkswagen Group’s Porsche brand after an investigation found the automakers fabricated documents related to emission tests,…
A report on Iran’s car, bus and truck production output indicates a 39.1% year-on-year growth during the first nine months of the current fiscal year that ends in March.
A local news…
In the closing two months of 2016 a new automotive website banban.ir entered the increasingly overcrowded online car sales market. Banban.ir, an Iranian-funded startup, does what many other sites…
The rial depreciated to 39,500 against the US dollar on Tuesday, a slide of 400 rials compared with the previous day, according to the Association of Bureaux de Change Operators of Iran…
The Central Bank of Iran is determined to create an appropriate environment for the operation of fintech companies, the director of CBI’s Department for Information Technology said.
Bank Mellat has issued more than $6 billion worth of payment orders since the implementation of Iran's nuclear accord with world powers last year, announced the bank's deputy for international…
The housing sector's share in the Iranian annual budget has garnered mixed reactions from members of the Majlis Civil Affairs Committee.
While some believe the share of the housing sector…
The government has allocated $2 billion to import 2,000 subway cars, the deputy interior minister for construction, urban and rural development said. “The move is in line with a bill passed by the…
Tehran Stock Exchange’s main index rose 14.80 points or 0.02% to end Tuesday trade at 78,983.7.
About 695 million shares valued at $97.1 million changed hands for the day.
Bafgh…
Iran has a broad variety of business and logistics attractions to offer. In the last few years, the Iranian government has actively sought to develop the logistics infrastructures and improve its…
The Iranian Privatization Organization says it will cancel the revocation of the privatization deal of the Telecommunications Company of Iran provided Mobin Trust Consortium (the majority…
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Turkish capital on Tuesday at the head of a delegation to discuss ways of boosting trade ties with the neighboring…
Some $19 billion worth of non-oil products were exported from Bushehr Province in the south of Iran during the nine months to December 20, which shows a 20% increase compared with the…
A new research initiative at Stanford is bringing together experts to create independent data-driven analysis on the current state of Iran’s economy and what its future could look like.
