Forwarders expect Iran to offer a medium-term demand boost and many are gearing up for new business, as they seek to expand operations in the country of some 80 million people.
Economy
The number of trading codes issued for foreign traders at Iran’s equity markets has reached an unprecedented total of 550, with 200 of whom having been registered in the current Iranian year (to…
The world’s largest steelmaking company, ArcelorMittal, is going to invest in Iran’s steel industry after the Luxemburg-based giant signed a contract with Bonab Steel Industry Complex, a…
Tehran Stock Exchange’s all-share index TEDPIX inched up 61.60 points or 0.08% to close Tuesday trade at 78,220.
More than 2.8 billion shares valued at $148 million were transacted, as the…
With a population of 31 million, 90% of whose demand are sourced from abroad, the Afghan market has for long been an interesting destination for Iranian exporters.
Iran took a meaningful stride toward upgrading its banking and financial laws closer to international standards with the Guardians Council ratifying a long-pending bill to counter money laundering…
Woori Bank Co., one of the major commercial banks of South Korea, reached a non-binding agreement with an Iranian bank to dispatch staff to provide financial services for Korean companies doing…
Talks have been held with Emiratis over launching banks in Aras Free Trade-Industrial Zone, located in East Azarbaijan Province, said managing director of Aras FTZ on Tuesday. Mohsen Arab-Baghi…
Representatives from Bulgarian banks are in Tehran to discuss the reestablishment of banking relations between the two countries, Bulgaria’s Deputy Minister of Economy Lyuben Petrov said on Monday…
Europcar, a French car rental company, has just added Iran to their database on their main .com website. The newly-added cities include Bandar Abbas, Isfahan, Mashhad, Shiraz and both Tehran…
A new online project to support minority languages has been launched. The first such project is Sozluk.ir a Turkmen to Persian dictionary, according to Webna. The site, launched on the back of…
China's Foreign Ministry expressed anger at the US Commerce Department's plans to place export restrictions on Chinese telecoms equipment-maker ZTE Corp. for allegedly violating US export controls…
With her brown hair, soft skin and expressive face, Nadine is a new brand of human-like robot that could one day, scientists hope, be used as a personal assistant or care provider for the elderly…
The Central Bank of Iran is developing a set of criterion for assessing domestic banks which will be ready in the next fiscal year (starts March 20), said Akbar Komeijani, the bank’s vice-governor…
Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran’s largest banks this year, the company’s chief executive told Reuters on…
Ali Rastegar, Bank Mellat’s CEO, said on Monday that the UK High Court has ruled in favor of his bank and it will receive $4 billion in compensation by late spring.
Indonesia said it is open to normal banking ties with Iran following the lifting of economic sanctions. “Banking relations, an obstacle we are facing, will soon resume,” President Joko Widodo said…
The Spanish S.L.M Group has signed a contract with Iran Minerals Production and Supply Company to invest in the establishment of a plant for the manufacture of eco-friendly bioethanol using coal…
Pundits are concerned that privatization in Iran, in the way it has been carried out, will actually damage the private sector, as quasi-state organizations continue to gain a stronger hold over…
Although investing in Iranian funds is broadly prohibited for US investors, for Europeans, it can be done—within limits—following the lifting on Jan. 16 of nuclear-related sanctions imposed on…
To improve trade ties between Iran and Malta, their respective chambers of commerce should play a more significant role, said Malta’s Foreign Minister George Vella in a meeting with Iranian…
As of next week, traders who choose Maku Free Trade Zone–located in West Azarbaijan Province—as their platform to export fruit and vegetable will be entitled to a 30% discount in transport costs,…
Order registrations for the import of drugs, food supplements and infant formula can now be carried out online, effectively shortening the process from one week to only one day, says Taqi…
Increasing bilateral trade in a wide range of sectors, including food and mining, was high on the agenda of the latest Iran-Poland Trade Conference held on Sunday in the Iranian city of Mashhad,…
Turkish Prime Minister Ahmet Davutoglu attended the Turkey-Iran Business Forum in Tehran over the weekend and called on Turkish and Iranian businesspeople to lift trade barriers between the two…
