Economy

Indications are growing in the United States that pistachio growers are becoming worried over what many see as an impending intense competition with their Iranian rivals.

A expert on oil and energy market said it is only fair for Iran to increase its oil production.

The head of Russia’s Rosatom State Nuclear Energy Corporation announced the country is set to start the construction of two more nuclear power plants in Iran's southern city of Bushehr soon.

An urban economy expert believes best cities in the world are where social interaction is promoted.

Boeing said Friday it received the green light from the Obama administration to study the commercial airplane market in Iran as it eyes opportunity following the lifting of nuclear sanctions against the country.

Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said several big American companies have started negotiations with Iran recently.

Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.

An Airbus executive urged European banks to overcome their wariness about financing export projects to Iran because of US sanctions, highlighting difficulties European companies face in their rush to Tehran.

Saudi Arabia and Russia agreed to freeze oil output, which is already at near-record levels. This is the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies.

Brazil says it will ditch the dollar in trade with Iran to sidestep a US ban which prevents Tehran from using the American financial system.

Minister of Petroleum Bijan Zangeneh said on Tuesday that export of gas to Georgia and joint investment in the petrochemical sector will be pivot of the Iran-Georgia cooperation.

Iran’s Bank Sepah announced on Tuesday that it has been reconnected to SWIFT international banking services system after almost a decade.

The Chief Executive Officer (CEO) of Iyzico, an Istanbul-based payments startup, said the company has signed a deal with an Iranian firm, which would...

German Bavaria's Minister for Economic Affairs Ilse Aigner said on Tuesday that German banks are ready to open branch offices in Iran.

Russia could supply about 100 short-haul passenger aircraft Sukhoi Superjet 100 to Iran, Vice-President of the United Aircraft Corporation (UAC) Vladislav Masalov said Tuesday at the Singapore Airshow 2016.

Iran on Tuesday expressed disinterest in a reported deal by its heavyweight rivals to freeze output so that the market reaches a stability that has already proved elusive for months now.

Iranian First Vice-President Eshaq Jahangiri insisted that Tehran should develop such close ties with the global economy that any decision to isolate Iran would prove costly and impracticable.

A senior Japanese official has called for more opportunities for his country’s banks to increase their cooperation with Iranian financial institutes.

Iran has started implementing SWIFT codes in its banking transactions since yesterday, a senior official said.

Iran’s Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh said providing banking facilities could be the first step towards boosting economic relations between Iran and Ghana.

Iran and Ghana economic and trade commission held a meeting here on Monday morning.

South Korea tripled its imports of Iranian crude oil in January from a year before, says a new report, coming a day after the Islamic Republic exported its first crude shipments to Europe.

Since the termination of anti-Iran sanctions in January, the country has succeeded in increasing its crude exports by 400,000 barrels per day, getting closer to the intended selling 2 million bpd of oil, a top official announced.

Deputy Oil Minister Rokneddin Javadi said on Sunday that production of Iran's crude oil increased 400,000 barrel each day and the figure is expected to increase by another 200,000 barrels.

Chaleshtar in the central district of Shahrekord, the provincial capital of Chaharmahal-Bakhtiari, is going to be home to Iran's first carpet village, says the head of Carpet Department at the provincial Industries, Mines and Commerce Organization.