Iran Persia International Bank is now connected to TARGET 2 interbank payment system, a significant development for the country's banks after years of being isolated from the global banking…
Economy
Iran’s proven iron ore reserves are estimated to grow 50% to reach 4 to 4.5 billion tons by the end of 2016, according to Mehdi Karbasian, the head of Iranian Mines and Mining Industries…
Carnage overtook Iran's stock markets on Saturday. Shares on both the Tehran Stock Exchange and Iran Fara Bourse dropped, as panic overtook markets with some shares swinging as much as 8%.
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Iran is planning big for its aluminum industry, as it intends to attract $10 billion of foreign investment to increase annual aluminum production to 1.5 million tons within the next decade as per…
Importers in Iran have bought at least 250,000 tons of Brazilian raw sugar in the first purchases since western sanctions were lifted on Tehran in January, Reuters quoted “trade sources” as saying…
Iraq has lifted a ban on the import of livestock from Iran following the containment of foot-and-mouth disease. As Mehr News Agency reported, the Iraqi Agriculture Ministry’s Veterinary…
Afghanistan’s capital city of Kabul is hosting Iran Industry and Machinery Exhibition 2016 on July 12-15. Ali Sadrzadeh, the organizer of the event, was quoted as saying by IRNA that the…
An international airport in Chabahar Free Zone in the southern Sistan-Baluchestan Province will be constructed in 18 months, according to Mohammad Hossein Malekzadegan, a board member at Chabahar…
To have reliable non-oil exports, Iran needs to shift trade away from oil and petrochemical industries.
That’s the core message of an opinion piece in Persian published by the chairman of…
Iran’s Healthcare Overhaul Plan is becoming a big challenge, says the head of Iranian Pharmaceutical Importers Association, warning that it is going to hit both the private sector and people alike…
Iran Khodro, the country’s largest automaker, has announced that it has started the test production of the low-fuel 3F7 engine at one of its sites in Tabriz, northwestern Iran.
Tesla Motors on Friday revised a nondisclosure clause in its customer repair agreements after a US regulator took issue with the practice, while the electric carmaker’s chief executive called most…
Police cars across the country will be equipped with license plate scanning equipment. “Equipping police cars with the latest technology is part of a drive to use the latest technology to fight…
France’s Peugeot family is ready to consider raising its stake in PSA Group, the carmaker it controlled until a government-backed bailout in 2014, former chairman, Thierry Peugeot, and other…
The international duty-free retail arm of Dublin Airport Authority is studying opportunities to enter Iran, following deals in Oman, Saudi Arabia and the UAE, its CEO has revealed.
The foreign exchange market is one sector of the Iranian economy almost always affected by economic and political upheavals. Similarly, it exercises a major influence over key economic indicators…
The World Bank believes in an average growth of 2.9% this year for the Middle East and North Africa, reflecting largely the expectations for Iran’s economic recovery after the lifting of the…
The Central Bank of Iran has ordered banks and credit institutions to allocate a minimum 10% of their loans to small and medium-sized businesses in a move to help create jobs and lift the…
As more fat cat paychecks of senior executives and public-sector bankers surface on social media websites, Majlis Speaker Ali Larijani has called on the Supreme Audit Court to launch an official…
Lately, media outlets have been awash with commentaries about the new contract struck by Iran and India as its main signatories as well as Afghanistan to develop Chabahar Port in southern Iran.…
China’s NFC and PowerChina companies have expressed interest in making investment in Iran’s mining and mineral industries’ development projects.
Bearishness continued to dominate markets this week, as shares on both Iran’s equity exchanges declined while trading volume plummeted.
Rival markets were also eventless. Currencies held…
Iran is Asia’s fourth largest lead and zinc producer following China, Kazakhstan and India.
This is while the country’s per capita zinc consumption stands at about 1.14 kg, compared to…
Half of the farm tractors and combine harvesters in Iran are old and dilapidated, and should be disposed of, the head of Mechanization Center of the Ministry of Agricultural Jihad said. “Currently…
Between 50,000 and 60,000 tons of eggs are exported annually and more than 850,000 tons of the product are consumed domestically, the head of Tehran’s Union of Producers of Egg-Laying Chickens…
