Iran’s fairly large toy market is filled with 80% of Chinese products, leaving only 20% for domestic production.
A major problem Iranian toymakers complain about is the fact that there are…
Economy
Tehran Stock Exchange’s benchmark index, TEDPIX, lost 728 points or 0.89% during the week ending April 8 to close at 80,753.
More than 6.4 billion shares valued at $488.2 million were…
It took the Iranian financial market’s regulator eight years, but the Securities and Exchange Organization has finally joined the International Organization of Securities Commissions, which…
With sanctions now lifted, many companies may be thinking about doing business in Iran. If you’re one of them, make sure you prepare properly and start early.
About 22 kg of gold bars were produced by Mouteh Gold Mine from February 20 to March 19 (the last month of the Iranian year), indicating a 22% rise in production volume compared with the…
More than 684,000 tons of goods worth around $518 million were exported from Markazi Province in the last Iranian year (ended March 19), indicating an 8% rise in volume and 17% decrease in value,…
A visiting Italian delegation, headed by Adolfo Orso, former deputy minister of economic development, held talks with members of Tabriz Chamber of Commerce, Industry, Mines and Agriculture, in the…
The government has allocated 64,000 billion rials ($2.11 billion at official exchange rate) for the expansion and renovation of the country’s roads in the current Iranian year (started March 20),…
I recently went vacuum cleaner shopping in a provincial town in Lorestan, western Iran. There was a great selection available in the shops: some imported, a variety of Iranian-made foreign-branded…
Though it didnot have the hype of a new next-generation iPhone launch, the revamped 4-inch iPhone SE continues to see demand outstrip Apple's available supply, with most stores completely out of…
Tech ridesharing service Uber has said it agreed to pay $10 million to settle a California lawsuit accusing it of misleading the public about the thoroughness of its driver's background checks.
Germany's Deutsche Post is testing robots that could help postal workers cope with increasing numbers of parcels on their delivery rounds, a company manager said on April 7.
The changes to sanctions on Iran and what they mean for the business community were analyzed during a dinner organized in Nicosia by the Cyprus Chamber of Commerce and Industry and the American…
India's cabinet on Wednesday raised a credit line to Iran to $450 million as New Delhi aims to boost trade ties with Tehran after the lifting of international sanctions.
The credit line, to…
The Reserve Bank of India is holding discussions with Tehran on modalities of payment of reported dues of $6.5 billion for oil imports, Governor Raghuram Rajan …
The state-run Export-Import Bank of Thailand (Exim Bank) has offered financial services to support trading with Iran, becoming the first Thai lender to do so following the UN Security Council’s…
The head of the Bank of Industry and Mine, Ali Ashraf Afkhami, said his bank is willing to launch a new special bank for small and medium enterprises. Afkhami noted that the proposed bank would…
The banking industry plays a crucial role in the domestic economy and banks’ must strive to uphold and implement rules and regulations, Kuroush Parvizian, CEO of Parsian Bank said on Tuesday.
Bank Melli Iran, Iran’s biggest bank which is also the largest in the Middle East, hopes to restore correspondent relations with major Russian banks soon, now that the sanctions…
City & Financial Global, one of the UK’s leading research-based conference companies, has organized the “Iranian Trade Conference: New Prospects for British-Iranian Trade and Investment” that…
Iran is well on its way to achieve self-sufficiency in wheat production in the new Iranian year (started March 20), says the agriculture minister.
“Until two years ago, we had to import…
More than 582,000 tons of lead and zinc were produced by Mehdi-Abad Lead and Zinc Complex in the last Iranian year (ended March 19), indicating a 77% growth compared to the previous year, Iranian…
Tehran Stock Exchange’s main index TEDPIX shed 213.10 points or 0.26% to close Wednesday trade at 80,752.7.
The benchmark broke above the 81,000 resistance level during the first hours of…
With the Islamic Republic of Iran coming out of longstanding sanctions following the July 2015 nuclear deal and its implementation in mid-January, there is a sort of gold rush to exploit a range…
A Malaysian business delegation, mostly made up of the country’s oil and gas sector players, is scheduled to visit Iran in May. The visit is aimed at expanding bilateral trade ties, said Dzulkifli…
