Economy

The Central Bank of Iran is ready to provide a competitive environment when it comes to banks’ information technology, CBI’s governor announced at the inauguration ceremony for CBI’s newly-…

Steel consumption in Iran during the first quarter of the current fiscal year (March 21-June 21) stood at 5.19 million tons, up 20% year-on-year and 323,000 tons more than domestic production, the…

Iranian truck-maker Saipa Diesel has signed a contract with Iran Road Maintenance and Transportation Organization, Iranian Fuel Conservation Company and Tose’e Ta’avon Bank on Saturday to replace…

Tehran Stock Exchange’s main index gained 508.30 points or 0.63% to end Saturday trade at 80,670.8.

About 903 million shares valued at $116.8 million changed hands for the day.

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The government has purchased more than 173,000 tons of colza from local farmers so far this crop year, registering a 260% increase compared with the corresponding period of last year, the head of…

Iran's oil minister said there will be no ambiguities in payments and financial transactions pertaining to the gas deal with French energy company Total.

Less than 5 billion cubic meters of water are annually used in the cultivation of all of Iran’s exported agricultural products, a deputy agriculture minister said.

Cargo handling capacity in Iranian ports increased 17% during the administration of President Hassan Rouhani, the head of Iran Ports and Maritime Organization said, adding that port capacity…

Some 300,000 tons of dairy products were exported from Iran during the first three months of the current fiscal year (March 21-June 21), registering a 70% increase compared with the…

More than 22,150 tons of sheepskins worth 2.4 trillion rials ($63.57 million) were exported in the last Iranian year to March 20, 2017.

The main export destinations included Italy, Germany…

Track-laying for a railroad connecting the western provincial capital of Kermanshah to Iran’s national rail network will become operational in early August. The Forouzan-Kermanshah route is the…

Since the end of the Iran-Iraq War in 1988, Iran’s development policies and investment plans have been formulated in five-year plans, with the first one starting in 1989 and the Iranian government…

Arya Diesel Motor, a dealer of Renault Trucks in Iran, has unveiled a new heavy-duty truck manufactured by the French company. During a ceremony this week, Arya Diesel officials presented Renault…

A delegation from Sernauto, the Spanish Automotive Equipment and Components Manufacturers Association is in Tehran to find new partners.

Sernauto officials visited the headquarters of Iran…

Leading car producer, Iran Khodro, has launched a new version of its car buying portal after the previous site went offline in recent weeks.

The new site called esale.ikco.ir allows users…

Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday.

The model will be based on the C-HR –…

Audi is considering dismissing four management board members as a warning to CEO Rupert Stadler, following leaked information that the company knew it was cheating on emissions tests.

The 23nd International Exhibition of Electronics, Computer and E-Commerce, also known as Elecomp 2017, opened at Tehran’s International Permanent Fairgrounds on Friday and will run till Monday.

Shaparak, Iran’s nationwide payment network, processed 1.288 billion transactions during the month ending June 21, marking a 34% growth, compared with the same period of last year.

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To improve the speed and precision of customs’ banking affairs, Bank Melli Iran and the Islamic Republic of Iran Customs Administration are to launch an online payment system.

In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number…

An Indonesian bank is set to open a $200-milion credit line for Iranian and Indonesian businesses and start working with 10 Iranian banks, Indonesia’s ambassador to Iran announced during a visit…

Tehran Stock Exchange’s main index gained 426.83 points or 0.54% to end Wednesday trade at 80,162.50.

About 1.1 billion shares valued at $72.19 million changed hands for the day.

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After a five-month hiatus, an initial public offering made its return to the Iranian equity market on Tuesday.

Experts believe this might just be the time, as stocks have stabilized after a…

Tehran Stock Exchange’s main index TEDPIX gained 653 points or 0.8% during the week that ended June 19 to close at 80,162.5.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX,…