The Taiwan-based payment company Castles, specializing in payment tools, has started a semi knocked-down production line in Iran’s Arvand Free Trade Zone, in cooperation with Bank Pasargad’s…
Economy
Iranian banks can only provide (or choose not to provide) clients with banking services based on the laws and regulations of the country, but are not allowed to cite any form of international…
The insurance industry’s total generated premiums amounted to 76.1 trillion rials ($2.4 billion at market exchange rate) in the four months that ended July 20, marking a year-on-year growth of 20…
The German state of Bavaria has authorized three Iranian lenders to open branches in Munich, announced its State Minister of Economic Affairs and Media Ilse Aigner at a press conference in Tehran…
The pistachio trees in a village in southern Iran are long dead, bleached white by the sun - the underground water reserves sucked dry by decades of over-farming and waste, reads an AFP report.…
Deputy minister of cooperatives, labor and social welfare Hamid Kalantari says non-oil goods worth more than $1.7 billion were exported by the cooperative sector during the past fiscal year (March…
The Islamic Republic of Iran Customs Administration and the Ministry of Defense have signed an agreement for the ministry to provide the customs with new domestically-made cargo scanning equipment…
The consul general of Turkey in Tabriz Çağlar Fahri Çakıralp says 166 Turkish companies have invested over $1 billion in Iran.
Iran’s non-oil exports to Russia during the first four months of the current fiscal year (March 20-July 21) stood at 89,800 tons worth $59 million, registering a 2% decline in value compared to…
Iran’s two major coal producing companies extracted 680,420 tons of the mineral and produced 222,895 tons of coal concentrate during the five months to August 21, which indicates 56% and 38%…
Afghanistan's Ministry of Urban Development and Housing says the third phase of the Khawf-Herat railroad will be completed by the end of the week.
The phase, which is 62km long, connects…
Aluminum is the world’s fastest growing industrial metal and Iran has the potential to be a major player in this sprinting, lucrative sector, according to a presentation made by the London-based…
Tehran Stock Exchange’s main index gained 12.80 points or 0.02% to end Monday trade at 76,522.2.
More than 874 million shares valued at $38.5 million changed hands for the day.
Bank…
German carmaker Daimler plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla and Volkswagen’s Audi.
A person familiar…
A total of 137 luxury cars, which have been refused entry into Iran, will be repatriated, an official at Iran’s Confiscated Assets Organization said on September 4. Amin Daliri added that the…
The prices of imported vehicles have increased in excess of $1,000 in the last few weeks, according to reports from several news agencies in the country.
This was a result of new government…
Genesis, Hyundai Motor Group’s luxury brand, will open its first dedicated showroom this week just outside the South Korean capital of Seoul.
Set in a newly constructed shopping complex in…
The government has bought 11.3 million tons of wheat worth 144 trillion rials ($4.04 billion) from local farmers since the beginning of the harvest season in late March, which is 1.3 million tons…
The lifting of sanctions against Iran in January this year was supposed to open new trade avenues for countries across the world — especially Iran’s neighboring countries, including Pakistan. But…
Tehran Stock Exchange’s main index lost 237.60 points or 0.31% to end Sunday trade at 76,509.4.
More than 1.8 billion shares valued at $90.6 million changed hands for the day.
Sahand…
Equities sank on Sunday in both of Tehran's exchange markets as the bearish mood among traders persisted.
Foreign interest in Iran’s stock market has risen sharply since the implementation of the nuclear deal a year ago.
Although there were no legal barriers for foreign investment in Tehran’s…
The Central Bank of Russia sees no obstacle to using local currencies in its dealings with Iranian banks, the bank’s deputy governor said.
“It is always possible to open new bank branches…
Central Bank of Iran Governor Valiollah Seif appointed Amir Shokri as director general on CBI’s Board of Executives. Formerly, Shokri was the head of CBI’s money issuance and circulation office,…
Bank Sepah’s first blind-friendly branch started operating on Sunday. The branch, located in downtown Tehran, offers special services for the visually impaired customers, including brail printing…
