Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017, the CBI website reported on Saturday.
In the 14th annual general…
Economy
A visiting Chinese trade delegation in talks with Iran’s Gold, Jewelry, Silver and Precious Stones Producers and Exporters Association in Tehran has agreed to collaborate in the manufacture of…
Islamic banking is a comprehensive sphere and its reach is more widespread than usury-free banking, Heidar Mostakhdemin Hosseini, a senior economic analyst said this week.
The Indian government is ready to clear the $6.5 billion oil dues to Iran but is waiting for a proper banking channel to be put in place, Oil Minister Dharmendra Pradhan said on…
The International Group (IG) of protection and indemnity clubs has obtained an increased limit of €100 million ($112 million) for its Iran “fall-back” cover, the group announced on Friday.
Sanctions and severance of international ties sent the once 4% share of marine economy from Iran’s gross domestic product down to 2%, according to managing director of Iran Marine Fund, Mehrdad…
Uruguay’s Foreign Minister Rodolfo Nin Novoa, leading an economic delegation, is expected to visit Iran in May, according to Uruguayan Ambassador to Iran Juan Carlos Ojeda.
Deputy Minister of Industries, Mining and Trade Mohsen Salehinia said production in automotive and home appliance sectors is expected to rise by the end of the first quarter of the current Iranian…
South Korean President Park Geun-hye, accompanied by five ministers and a 300-member economic mission, is due to visit Iran in early May, according to director general of International Affairs…
About 118,000 tons of pistachio worth more than $1.2 billion were exported to over 70 countries, indicating a 34% and 24% decline in volume and value respectively compared with the previous year’s…
Some 1.5 tons of farmed caviar are estimated to be produced in the current Iranian year (started March 20), which would indicate a 50% rise year-on-year, said the director of Iran›s Union of…
Almost six years ago, the European Union sharply curtailed access to its airspace for Iran’s air fleet.
However, officials in Brussels say they are now prepared to loosen some of those…
Automaker Zhejiang Geely Holding Group Company will launch a new brand next year, codenamed "L", with cars based on joint architecture developed with Volvo, three people with knowledge of the…
Iran's President Hassan Rouhani recently stated that the government will not support the local car industry indefinitely.
Speaking at the Third Iran International Automotive Conference in…
Beijing's BAIC car conglomerate has announced plans to produce around 100,000 vehicles through a new Iranian venture, the company announced on April 14.
BAIC, which has grown its share of…
Volkswagen's Beetle may be slated for discontinuation, if a Tweet from a trusted source is to be believed. Autoline recently Tweeted: "Goodbye Beetle. VW to axe its iconic car at end of 2018.
Turkey's logistics company Arkas Holding has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines to establish a Turkey-based joint venture to offer maritime…
Bank Saderat Iran managed to increase its resources by 30% in the previous fiscal year (ended March19). According to a press release Thursday. In the said period, BSI also lowered the volume of…
Dana Insurance, a major private insurer, is seeking to enter international markets, reduce bad debts and expand its life insurance portfolio, the company’s deputy director, Bijan Sadeghi said.…
Governor of the Central Bank of Iran rebuked the US and European governments for not honoring their commitments for speedy implementation of Iran’s nuclear deal calling on them to do their best in…
The Association of Leasing Companies officially started work in March as the sole body representing the industry, following the merger of the former Iran Center for Leasing Companies and the…
The Central Insurance company of Iran –the industry’s regulator---has prepared a set of guidelines for insurance firms to rate their agents, the CII deputy chief for supervisory affairs said on…
In a meeting between the Federal Financial Supervisory Authority of Germany (BaFin) and Muhammad Kazem Choghazardi, CEO of Bank Sepah on Thursday in Tehran, an agreement was reached on Sepah…
Germany-based fragrance and flavor company Symrise opened “Symrise Parsian”—its own site in Tehran—on Thursday.
The company will also set up sales offices and application-specific…
Italy on Wednesday became the first European country to take steps to help its fashion industry build a stronger presence in Iran, following the lifting of western sanctions.
