Economy

Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.

A recent agreement with the Swiss train building company Stadler may be scrapped entirely, if US sanctions are reimposed and Europe fails to guarantee Iran’s interests as promised in the Joint…

India’s largest lender State Bank of India has alerted all its offices on the pitfalls of dealing with companies carrying out trade with Russia and Iran, which are battling US sanctions. …

Exporters of Indian basmati rice to Iran are keeping their fingers crossed waiting for the picture to clear after US President Donald Trump reimposed sanctions on Tehran.

They are keen…

Iran exported $120 million of pharmaceutical products in the last fiscal year (March 2017-18), about twice as much as the preceding year’s volume, the director general of Iran’s Food and Drug…

Minister of Industries, Mining and Trade Mohammad Shariatmadari has appointed Fereshteh Dastpak as the new head of Iran National Carpet Center.

She is replacing Hamid Kargar, IRNA…

Markazi Province exported 247,775 tons of commodities worth $231.65 million during the first two months of the current fiscal year (started March 21), registering an increase of 22% and 64% in…

Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold English courses on general business skills for economic players with the aim of boosting their ability to negotiate in…

A total of $4.52 million worth of chewing gum were imported into Iran during the last fiscal year (March 2017-18), as reported by the Islamic Republic of Iran Customs Administration. 

The First International Specialized Exhibition of Paper, Cardboard, Cellulose Products and Related Machinery is scheduled to open at Tehran International Fairground on July 28.

Close to 397 tons of commodities were loaded and unloaded in the small port of Arvandkenar in Abadan County, Khuzestan Province, in southwestern Iran during the first two months of the current…

France’s Foreign Minister said on Thursday the European Union has made some progress on measures to protect the bloc’s companies from US sanctions on Iran but these were still insufficient.

After two weeks of uninterrupted gains, Tehran stocks stopped last week to catch their breath.

Tehran Stock Exchange and Iran Fara Bourse followed similar losing trends for most of the…

Out of Tehran Stock Exchange’s 326 listed companies, the three largest in terms of market capitalization are Persian Gulf Petrochemical Industries Company, Mobarakeh Steel Company and National…

The Central Securities Depository of Iran issued 200,000 trading codes for new investors in Iran’s capital market during the second month of the current fiscal year (April 21-May 21), said CSDI’…

Iranian export slab prices fell slightly in the week ended May 30, with customers achieving lower prices in recent bookings.

Metal Bulletin’s weekly price assessment for Iranian slab…

After the US President Donald J. Trump scrapped the Iran nuclear deal earlier in May, much of the world has criticized the move, fearing that it could be harmful to international trade.

Unlike its car vending machine concept, Alibaba’s ideas for robots have been more mundane and mainly confined to warehouses—the same kind that Amazon uses. But the Chinese e-commerce titan…

Xiaomi has announced its new flagship phone, the Mi 8, the company’s first phone with a notch. The Mi 8 has a 6.21-inch OLED screen from Samsung, wrapping around a fairly large notch that houses…

The Central Bank of Iran issued a directive on Wednesday to outline the regulations and procedures governing the supply of foreign exchange to Iranians traveling visa-free overseas.  Before…

Tehran Chamber of Commerce, Industries, Mines and Agriculture has sent a letter to President Hassan Rouhani, urging his administration to consider four private sector proposals for the recent…

Two Indian banks have asked exporters to complete their financial transactions with Iran by August in response to the threat of new US sanctions, according to the country’s main exporters’…

Iran’s banking sector is pressing ahead with overseas business despite the shadow of sanctions’ revival looming over it, after the US unilaterally withdrew from the 2015 nuclear deal early this…

Iran imported 346 tons of coffee worth close to $1 million during the first Iranian month (March 21-April 20), registering an increase of 35.69% and 52.16% in tonnage and value respectively…

The government will grant 10 billion rials ($238,095) to those who suffered spinal cord injuries during the earthquake of western Iranian Kermanshah Province, the head of Management and Planning…