The government is going to continue its cash subsidy payment system to designated citizens, said Minister of Economic Affairs and Finance Ali Tayyebnia at a press conference on Saturday. However,…
Economy
Western sanctions against Iran had barely been lifted when Chinese President Xi Jinping touched down in Tehran on Jan. 22. He struck several deals and pledged to strengthen "strategic partnership…
South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan is scheduled to visit Iran at the head of a commercial delegation to attend the 11th session of the two country’s joint economic…
A representative of Renault-Nissan has announced the launch of two new models, with the long-awaited Kwid being the most likely candidate, adding that the production capacity of Logan and Sandero…
SsangYong will extend its Tivoli crossover range with a longer, more spacious XLV model this summer. Based on the XLV Air concept first revealed at the Frankfurt Motor Show in September last year…
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari, heading a delegation of 60 businessmen, visited Munich and Berlin to give German trade ties a boost and…
The governor of the Central Bank of Iran has called on commercial banks to remain committed to their recent agreement to lower deposit rates that was endorsed by the Money and Credit Council…
A high profile delegation from the US Treasury Department is set to visit Germany next week, in order to reach a mutual understanding about sanctions against Iran, said Ali Majedi, Iran’s…
Banks are not allowed to expropriate industrial units put up as collateral for their debt, said Ali Yazdani, deputy minister of industries, mining and trade on Thursday.
The European Union’s top court on Thursday upheld a contention by Iran’s Bank Mellat that it was improperly sanctioned for six years without sufficient evidence of its involvement in the country's…
Unseasonal fruits such as Chilean grapes and Turkish peaches are some of the smuggled produce flooding the Iranian markets only a month from Norouz holidays that mark the onset of the Iranian New…
Dutch ingredients producer Barentz International has established a new joint distribution venture in Iran with Future Way Holding to tap into the formerly-restricted market.
The JV will…
Iranian Ceramics Producers Syndicate has advised tile and ceramics manufacturers to halt production as of March 5 for three months, amid a construction slump and domestic market glut. “A majority…
Norway opened its $810 billion wealth fund to Iranian government bonds, as the Middle Eastern nation emerges from almost a decade of international sanctions following a deal to limit its nuclear…
Stocks held steady this week slowly, recovering nearly all ground lost in the three-day rout that started on Feb. 10, as a mixture of news rocked Tehran’s markets.
Equities have staged a…
Iran has ambitious plans for its steel industry, as it aims to become the world’s sixth largest steel producer, based on the 20-Year Vision Plan (2005-25), which stipulates the production of 55…
A flurry of activity between the South Caucasus capitals greeted the January 16 lifting of sanctions against Iran, with Azerbaijan, Armenia and Georgia looking to boost their struggling economies…
Iran has invited India to invest $8 billion in its infrastructural projects, including railroads, ports, bridges and rail electrification, according to India-based magazine The Dollar Business.…
Director General of Imam Khomeini International Airport Hamid Reza Seyyedi said it will take the airport six months to prepare the infrastructure for Iran Air’s newly-purchased Airbus A380s.…
Agricultural imports have decreased by $5 billion in the current Iranian year (to end March 19, 2015) compared to two years ago when President Hassan Rouhani took office, said the deputy…
With the annual production of 6,000 tons of honey, Khoy in West Azarbaijan Province is the top producer of the commosity in Iran, says governor of the city, Hossein Sivani.
New Zealand has lifted its sanctions against Iran after the nuclear deal went into force on Jan. 16.
More than one billion contactless MasterCard and Maestro transactions were processed in Europe in 2015, up 150% on 2014, with value of transactions increasing by 183%. The number of cards, mobile…
Leading tech companies are rallying behind Apple—some belatedly—in its fight against a court order requiring the company to help investigators break into an iPhone used by one of the San…
A Turkish electronics retailer has said they are “studying options in this [Iran] market”, earlier this week in Istanbul.
Turkey's leading electronics retailer Teknosa shared its plans for…
