Turk Eximbank will open a $400 million credit line for the Export Development Bank of Iran to import raw material and support investments in projects, Ali Salehabadi, the EDBI chief executive,…
Economy
Close to 1.5 tons of caviar were produced in Iran in the last Iranian year (ended March 19, 2016), over 65% of which—worth $1.7 million—had been exported to Japan, Germany, the UAE, Britain, Italy…
Iran and Turkey agreed to reopen the Sarv-Esendere border crossing in May during the recent visit of Iranian President Hassan Rouhani to Turkey in mid-April, Islamic Republic of Iran Customs…
Iran and South Africa have vowed to raise economic exchanges to $8 billion a year by 2020, said the visiting South African President Jacob Zuma.
Construction shares in the South Korean stock market rallied on hopes of big development deals in Iran during President Park Geun-hye’s upcoming visit to the Middle Eastern nation in early May,…
Maritime trade ties between Oman and Iran were further bolstered on Saturday when a consignment of pipes shipped from Sohar Port and Free Zone was discharged at the Iranian port of Bandar Lengeh.…
Governor of the Central Bank of Iran Sunday called on South African lenders to open accounts with the CBI saying the CBI considers that country a key player in the African continent.
“We…
The government allowed gold exporters to sell their foreign exchange earnings to banks at market rates in an attempt to expand exports of the yellow metal, said Mohammad Reza Modoudi, deputy head…
Lack of sufficient banking correspondent relations is one key constraint to domestic insurance companies developing normal ties with their foreign peers because processing premiums and claims are…
Increasing banks’ capital is a critical need for lenders and this should be done through all possible means, the Minister of Economy Ali Tayyebnia said Sunday in a meeting with senior…
Tehran Stock Exchange’s main index TEDPIX advanced 240.10 points or 0.31% to end Monday trade at 78,688.4. Mining companies, auto manufacturers and banks were the main driving force behind the…
More than 313,000 tons of various commodities were traded at Iran Mercantile Exchange on Monday. The commodities included 261,000 tons of steel sheets, 2,000 tons of bloom ingots, 5,352 tons of I-…
In the modern world, the strength of an economy heavily relies on its securities exchanges and what they offer to investors.
The easy routes to financing they provide companies with are the…
Pierre Beaudoin, the executive chairman of Canadian multinational aerospace and transportation company Bombardier Inc., led a delegation to Iran last week to drum up business and hold talks with…
Iran overtook India to become the largest producer of direct reduced iron in March, making India and Saudi Arabia the second and third largest DRI producing nations respectively.
Scrap…
Sales of Mercedes-Benz vehicles in China will "moderate" over the remainder of 2016, compared with a 39% year-on-year growth in the first quarter, the brand's China head said on April 25. Mercedes…
Benoit Tiers, Audi Volkswagen's regional chief, notes the challenges and opportunities in the Middle East and North Africa region, including Iran. In a recent interview on Audi's plans,…
Iran's car parts produced domestically are of high quality, said a member of the Auto Parts Manufacturers Association.
According to Farhad Behnia, $177 million worth of parts were exported…
Toyota Motor Corp. expects to have a production decline of 80,000 units after shutting down nearly all of its assembly plants in Japan after two killer quakes disrupted parts supplies.
"The…
Capital Intelligence Ratings (CI Ratings), the international credit rating agency, announced that it has affirmed Iran’s long-term foreign and local currency sovereign ratings of ‘BB-’, and its…
Negligence of the former government in buying eurodollar bonds has now resulted in the appropriation of Iran’s assets worth $2 billion by the Unite States, Valiollah Seif, governor of the Central…
Iran and South Africa have signed an agreement to establish correspondent banking relations between their lenders, said Ali Tayyebnia, the minister of economy.
Bank Pasargad launched two public libraries in Gachsaran, Kohgiluyeh and Boyer-Ahmad Province, an underdeveloped area in southwest Iran. Mousa Khademi, the province’s governor general,…
Kabul-based Arian Bank is planning to open a branch in Chabahar Free Trade Zone to provide services to Iranian and Afghan merchants, said Hamidreza Toosi, head of Foreign Ministry’s office in the…
Tehran Stock Exchange’s main index TEDPIX added 166.60 points or 0.21% to close Sunday trade at 78,448.3. Automakers, investment companies and banks provided the biggest boost to the benchmark.…
