First Vice President Es’haq Jahangiri called on the chief executives of banks to be more lenient on borrowers when demanding collaterals and loan guarantees.
Economy
After 10 auctions were held by Bank Melli Iran’s Bank Kargoshaee for deflating the bubble in gold coin prices, demand for the precious metal seems to be cooling.
More than 1.2 million tons of wheat have been traded at Iran Mercantile Exchange in the current fiscal year (started March 21), indicating a 186% rise compared with last year’…
Research and development is the propeller of economic growth worldwide.
Advanced countries are investing more and more in R&D to keep up with the ever-changing dynamics in global…
Iran has reopened all its border crossings with Iraq’s Kurdish region, foreign ministry spokesman, Bahram Qasemi, said on Monday, after their closure over a controversial independence vote.
About 1.15 million tons of goods have been transited via Iranian railroads since the beginning of the current fiscal year (March 21), registering a 61% upsurge compared with the corresponding…
Mobarakeh Steel Company, Iran’s largest flat steel producer, aims to increase its slab exports rapidly over the next couple of years.
“The plan follows the expansion of the company’s…
Iran Aluminum Company is having a hard time keeping its head above the water, as it is posting 20,000 rials ($0.4) in losses for each kilogram of aluminum sold, the company’s managing director…
The Iranian Privatization Organization is planning to put up the shares of seven state-owned enterprises for sale on Dec. 25, IPO reported on its website.
An International Monetary Fund team led by Catriona Purfield held discussions on the 2017 Article IV Consultation with Iran December 2–13.
At the end of the mission, Purfield made the…
Russia signed a deal with Iran on Monday to finance €3 billion for joint manufacturing of 20,000 freight cars, 1,000 passenger cars, 350 locomotives as well as rail transportation equipment.
Ford Chief Executive Jim Hackett says the automaker is reviewing its product portfolio as consumers show a preference for sport utility vehicles that have fuel efficiencies closer to sedans.…
Members of Iran Auto Part Makers Association met with South Korean parts makers over the weekend in Tehran and discussed prospects for expanding ties.
South Korean Ambassador Kim Seung-…
An explosive letter from a former Uber employee has exposed some secret tactics the company has used to keep eyes on the competition. The strategies include secretly recording conversations…
Denmark's Maersk Oil, a new subsidiary of French energy group Total, could sign a deal early next year to develop an offshore Iranian oil project in the Persian Gulf, according to the chief…
Most lawmakers are against a sudden increase in gasoline prices because it will give rise to an inflationary shock, the deputy chairman of Majlis Energy Commission said. Noting that the…
Iran remains a tantalizing and exciting proposition, and the marketing communications (marcomms) industry should, now more than ever, be working at ways of developing it.
The country has…
Iran imported 8.61 million tons of mineral products worth $3.6 billion during the first eight months of the current fiscal year (March 21-Nov. 21), registering a 107% and 38% increase in tonnage…
Tehran Stock Exchange’s main index gained 994.35 points or 1.05% on Sunday to extend its all-time high record to 95,600.8.
The market opened at 8:55 to frenzied trading, breaking past a…
As part of projections made in the Sixth Five-Year Development Plan (2017-22), which calls for gradually reducing the percentage of premiums that Iranian insurance firms are obligated to entrust…
As President Hassan Rouhani aims to reduce his administration’s dependency on oil revenues, one major way to do that is through taxation and the research arm of Iranian Parliament has conducted…
A number of major Iranian private lenders have recently established correspondent relations with Qatar National Bank, the largest bank in the country.
Bank Mellat is planning to sell its 20% stake in Asia Insurance Company as part of plans to shed excess assets and streamline operations.
“Mellat Financial Group, as the handler of the…
The government will allocate 50 trillion rials ($1.19 billion) to bread subsidies and guaranteed wheat purchase scheme as per the budget bill for the next fiscal year (March 2018-19). The figure…
Some 420,000 tons of cucumber are annually produced in Yazd Province in central Iran, making up 23% of the country’s total cucumber production, the head of Kermanshah Agricultural Jihad…
