Economy

In what were the first finance deals clinched with cautious European banks after the implementation of the nuclear accord provided sanctions relief in January 2016, Iran signed two agreements…

A supermarket in London is trialing a biometric payment system that uses the unique vein pattern in fingertips to pay for goods. The business Costcutter said it would consider rolling ‘Fingopay…

Three years and extensive publicity later the costly ‘National e-mail’ project has failed to deliver. How and when it will draw the attention of Iranians remains to be seen.

According to…

Denmark's Danske Bank signed a €500 million finance contract  with 10 Iranian banks on Thursday, becoming the second European lender to ink such an agreement with Iran.

According to Iran’s budget bill for the 2017-18 fiscal year, the government is allowed to attract up to $55 billion in foreign finance, of which projects using $30 billion have already been…

In addition to the latest directive issued by the High Council of Insurance, which allowed general insurance companies to subsequently become specialized life insurance firms, the head of the…

Representatives of three Iranian banks met with their Croatian counterparts on Wednesday to discuss banking hurdles on the way of trade ties and ways of overcoming them.

With the daily import of between 60 and 70 tons of red meat alongside domestic production, there is enough of the product to meet domestic demand during the months of Muharram and Safar (the…

Greenhouses will be established on 2,240 hectares in Iran during the current fiscal year (started March 21), the executive manager of the Greenhouse Expansion Project with the Ministry of…

Keeping tariff rates steady has priority over their revision since it will allow importers to measure the competitiveness of their commodities and make informed decisions, the head of Iran…

The southeastern province of Sistan-Baluchestan attracted foreign investments worth $1.86 billion during the first term of Hassan Rouhani’s presidency (August 2013-17).

“The province…

Tehran Stock Exchange’s main index jumped 487.90 points or 0.57% to end Wednesday trade at 85,831.8.

About 1.01 billion shares valued at $74.65 million changed hands for the day.

Iranian officials have said Afghan traders can get a 25% discount on investment at Chabahar Port, besides taking advantage of free land and other facilities.

Afghan traders can export…

Seven out of 24 memoranda of understanding between the Industrial Development and Renovation Organization of Iran and its foreign partners in the post-sanctions era have been signed into…

The government issued 35 trillion rials ($900.2 million) worth of Ijarah Sukuk on Iran Fara Bourse on Wednesday.

British renewable energy investor Quercus will invest over €500 million ($600 million) in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief…

Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.

The Austrian finance is set to be used for development of civil and production…

Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global…

The first unit of Peugeot 3008 has entered Iran and seen by the paparazzi in the customs warehouse.

Earlier in the year a joint venture between Iran Khodro and the French carmaker…

Local auto producer Pars Khodro started presales of Renault Sandero Stepway but the company’s website crashed minutes after launch, leaving customers in limbo.

The company launched the…

In line with the goals devised in the Sixth Five-Year Development Plan (2017-22) to expand the share of life insurance in the industry’s portfolio, the High Council of Insurance has amended…

Following misleading reports in the media, the Central Bank of Iran has sought to set the record straight on the recent stream of foreign finance deals, saying the government is their sole…

The Institute for Trade Studies and Research, affiliated with the Ministry of Industries, Mining and Trade, has published a report that proposes short-, mid- and long-term solutions to reform…

Governor of the Central Bank of Iran joined hands with the heads of two key ministries late Monday to coordinate and accelerate efforts to implement a stimulus package worth 500 trillion rials…

The output of Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, reached 28,262 tons during the first five months of the current fiscal year (March 21-August 22…