The average price to earnings ratio of Tehran Stock Exchange-listed companies stands at 5.6. This is while 18 companies at TSE have a P/E ratio of higher than 100 and 14 others are in the…
Economy
Chinese steel was everywhere in the world for the good part of the past few years. Disheartened Iranian producers were unable to compete with low prices and downstream users sidestepped local…
Hit hard by the H5N8 bird flu virus last year, the Iranian government says in case the deadly strain strikes again in fall and winter, imports will be allowed with a 5% duty.
The Islamic Republic of Iran Customs Administration has issued a directive to ban wheat import.
The directive, which concerns all types of wheat, follows a request submitted earlier by…
The purchase of black grapes, grown in 9,100 hectares of Kurdestan Province, has been guaranteed by the Organization of Rural Cooperatives of Kurdestan in the current Iranian year (March 2017-18…
Chinese SUV brand Haval, which was supposed to enter the Iranian auto market in 2016, has finally been delivered.
Haval is a Chinese automotive brand owned by Great Wall Motors. The sub-…
Iran Khodro dealers confirm that the new Peugeot 301 sedan is priced at 949 million rials ($24,973), and will be delivered to buyers in ten days.
The 301 model is assembled by IKCO under…
Opel is piloting a new retail format that offers German customers the opportunity to purchase a new car while shopping in a mall, mimicking a concept first developed by the UK’s Rockar…
Iran Khodro has unveiled the DongFeng S30 as part of a push to broaden its space in the taxi fleet.
The model, showcased during the Tehran Auto Show, will be offered only as taxis with…
China’s JAC S3 small sports utility vehicle is on sale in Iran for 71.9 million rials ($18,800), according to a report in local media. The company is offering special discount on the vehicle for…
Seeking to build environment friendly cities with strong buildings and smart public systems, a board member of the New Towns Development Company, affiliated to the Ministry of Roads and Urban…
The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the…
Following last week’s appointment of Seyyed Ahmad Araqchi as the head of Foreign Exchange Department at the Central Bank of Iran, the new deputy is expected to oversee the long overdue task of…
Bank Melli Iran has organized a two-day course for training educators in the field of anti-money laundering and combating terrorist financing, the bank’s official website announced. The course,…
More than 1,600 tons of cigarette paper worth close to $4.9 million were imported into Iran during the first four months of the current Iranian year (started March 21), the Islamic Republic of…
Iranian chain stores have a 120-trillion-rial ($3.2 billion) share of the country’s 1.3-quadrillion-rial ($34.6 billion) retail market, the head of National Union of Chain Stores, Amir Khosro…
About 14,100 public complaints against goods and service providing centers were filed through the 124 hotline administered by the Industries, Mining and Trade Ministry in the fourth month of the…
A conference on Iran’s post-sanctions economy is scheduled be held at the Geneva Chamber of Commerce, Industry and Services on September 28, concurrent with an Iranian economic delegation’s…
A temporary agreement on establishing a free trade zone between the Eurasian Economic Union and Iran is expected to be signed in 2017, Chairman of the Eurasian Economic Commission Board Tigran…
New Delhi must work with the government of President Hassan Rouhani to ensure that bilateral irritants in fostering economic ties between the two nations are resolved soon, reads an article…
Iran’s bitumen industry is plagued by a lack of steady supply of raw materials and varying quality, causing the industrial material’s exporters to lose ground in international markets.
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Tehran Stock Exchange’s main index gained 37 points or 0.05% to end Tuesday trade at 81,696.3.
About 738 million shares valued at $36.73 million changed hands for the day.
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Beijing Construction Engineering Group will establish a “construction and building materials hypermarket” in the east of Tehran in three years based on a memorandum of understanding it signed…
Iran is the biggest exporter of hand-woven carpets and holds a 30% share in the global handmade carpet trade.
Iran Air will begin the decision-making process on the long list of bids submitted by Iranian and foreign parties to finance multi-billion dollar orders the flag carrier has placed with major…
