Around $32 million worth of products were exported to Kenya during the first four months of the current fiscal year (March 21-July 22), registering a 58% increase compared with the similar…
Economy
Economy
The newly-appointed minister of industries, mining and trade has called for eliminating a rule that obliges domestic automakers to scrap old cars in exchange for new car production.
Economy
SAIPA is reportedly planning to replace its low-quality Pride with the Chinese mini-car Changan Benni.
The small hatchback, which is of a fairly good quality is considered as an…
Economy
Volkswagen Group’s Czech brand, Skoda, will produce a low-cost car for emerging markets like Iran by 2020.
The news about the push into the Iranian market comes despite the collapse of…
Economy
Bangalore-based Advanced Structures India (ASI) engineering company, which develops auto parts products, is interested in entering the Iranian market. The small company with 45 engineers…
Economy
Bank Refah, affiliated with the Social Security Organization, is set to dole out loans up to 8 billion rials ($209,810) to each physician. According to a statement published on the bank’s…
Economy
The framework agreement for the previously agreed upon South Korean finance for Iranian projects has been signed between the heads of the Export Development Bank of Iran and the Korea Export–…
Economy
Central Bank of Iran's vice governor said the country's forex situation is currently very strong and believes that fluctuations in foreign exchange rates in Iran's market are normal.
Economy
Tehran Stock Exchange’s main index TEDPIX gained 799.9 points or 0.97% during the week that ended August 23 to close at 82,541.8.
Trading at Iran’s stock markets starts on Saturday and…
Economy
Iran Aseman Airlines says business sources have informed it that undecided roles inside the US Treasury Department have delayed the issuance of licenses for the sales of jets the airline has…
Economy
Iran has had a long and successful history of manufacturing textiles. The Persian Gulf state was one of the world’s premier exporters of textiles and silks to Europe, Asia and the rest of the…
Economy
The 18th International Exhibition of iFood (Food and Food Processing) and the 2nd Exchange, Bank, Insurance and Investment Exhibition opened on Thursday at Mashhad’s International Exhibition…
Economy
The number of books published in the Iranian month of Tir (June 22-July 22, 2017) saw a 25% decrease to stand at 1,249 whereas their prices rose by 22% from an average of 144,980 rials to 176,…
Economy
A memorandum of understanding was signed between Iran-Oman Chamber of Commerce and Export Guarantee Fund of Iran on Tuesday to help boost cooperation between traders of the two countries, Iran’s…
Economy
The development of Russian ports in the Caspian Sea will attract investors from Iran to North Caucasus, an advisor to the head of the North Caucasus Development Corporation, Nurali Rezvanov,…
Economy
The goods and services Consumer Price Index for urban areas in the 12-month period ending August 22, which marks the end of the Iranian month of Mordad, increased 7.7% compared with last year’s…
Economy
Iranian steel mills produced 11.52 million tons of steel from January to July 2017, registering a 14.1% growth compared with last year's corresponding period, the latest report released by World…
Economy
The Office of Foreign Assets Control, the US Treasury Department’s financial intelligence watchdog says Apple is not prohibited from hosting Iranian applications.
Economy
Financial sanctions have in a sense been good for Iranian companies, they have allowed time for local companies to develop their own technological skills and boost local job creation. After all…
Economy
Billionaire Samsung heir Lee Jae-yong has been sentenced to five years in prison by a court in South Korea for bribery and other crimes which fed public anger and led to the ousting of president…
Economy
The new communications and information technology minister has once again warned Internet providers not to overcharge subscribers. “People are unhappy with Internet providers and the way they…
Economy
The first Money and Credit Council meeting after the commencement of President Hassan Rouhani’s second term convened late Tuesday with two new members joining the decision-making body…
Economy
Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended March 20, 2017).…
Economy
The 28th Islamic Banking Conference is scheduled to be held in Tehran from August 29-30, the official website of the Central Bank of Iran announced. During the annual conference, experts,…
Economy
While more than a year has passed since bank deposit interest rates were officially set at 15%, the Central Bank of Iran has now set a deadline through its latest directive to enforce the…
Economy
