Economy

Private banks and credit institutions are in favor of lowering interest rates and they are currently holding negotiations in this regard with financial authorities, especially the Central Bank of…

Bank of Industry and Mine has doled out 23 trillion rials ($613 million) in loans to small- and medium-sized enterprises since March 2016 as a part of the stimulus scheme for SMEs, the bank’s…

Tehran Stock Exchange’s main index lost 131.20 points or 0.17% to end Monday trade at a two-month low of 79,859.2.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on…

With the number of investors in Iran’s capital market having crossed the 11-million mark, the market’s penetration rate reached 40%, meaning four out of 10 Iranians trade shares in the domestic…

Tehran Stock Exchange was the world’s fourth fastest-growing stock exchange, according to a study carried out by TSE analysts who monitored the benchmarks of 17 global exchanges from March 18 to…

Iran will import 250 tons of Cavendish bananas from Philippines. The cargo will be carried from the Philippines’ Davao Port and delivered at Bandar Abbas in Hormozgan Province on June 30, the…

Iran produced some 81,500 tons of honey in the last fiscal year (March 2016-17), registering a 9.1% increase compared to the fiscal 2013-14, a deputy agriculture minister said.

Close to 250 tons of watermelon were exported to Qatar from Genaveh Port in the southern Bushehr Province, the director general of Genaveh Customs Office said.

“The shipment which left the…

The government says it will complete the construction of a 222-km freeway connecting the cities of Isfahan and Shiraz by the end of the next Iranian year (March 2019).

As members of Shanghai Cooperation Organization are voicing unprecedented support for Iran’s accession to the body, Iran Chamber of Commerce, Industries, Mines and Agriculture said Tehran’s…

About 500,000 tons of wheat from a total of more than 1 million tons offered on Iran Mercantile Exchange have been bought by producers and factory owners. 

Sapra Motor, a newly launched auto dealership, has announced that it will be the distributer of models of German-based Opel in Iran.

France’s PSA Group agreed to buy Opel from General…

Britain’s biggest automaker, Jaguar Land Rover, is drawing up plans to hire an extra 5,000 engineers and technical staff in the next year, Reuters reported citing the Sunday Telegraph.

The…

Ramak Khodro, the official retailer of South Korean SsangYong Motor in Iran, has announced the presale of the latest version of Korando mini-SUV, saying it would start soon.

According to…

Iran Khodro CEO Hashem Yekezare says three new vehicles produced by the firm will be available in the market in the next few days.

The presale of the new models, namely Peugeot 2008, Tondar…

Negin Khodro, the official importer of Renault cars in Iran, has announced it will replace its Fluence sedan model with the latest version of the Megane in the coming months.

Italian oil and gas giant Eni is expected to sign a memorandum of understanding with the National Iranian Oil Company on Tuesday to study two Iranian oil and gas fields.

Tehran Stock Exchange’s total market capitalization grew 88.6% during the five years to March 2017 to reach 3.32 quadrillion rials ($88.96 billion).  The market’s total trade volume and…

Emami gold coin kept surging in Tehran’s market on Sunday after registering a three-month record high the day before.

According to Tehran Gold and Jewelry Union’s website, the coin gained…

With around 54% of Central and West Asia's paddy fields located in Iran, the country accounts for 61% of the regions' combined rice production, the Central and West Asia Rice Center said.

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More than 10,600 tons of different kinds of dates worth 373 billion rials (approx. $10 million) were exported from Iran during the first month of the current fiscal year (March 21-April 20),…

Iran and the Food and Agriculture Organization of the United Nations will carry out their first joint program on soybean cultivation in the city of Safiabad in the southern Khuzestan Province’s…

Iran Chamber of Commerce, Industries, Mines and Agriculture plans to hold online courses on the rules of World Trade Organization from July 1 to August 1.

The National Development Fund of Iran has $91 billion in reserves, Mohammad Hosseini, who also represents the parliament on the NDFI governing board, said. The NDFI is Iran’s sovereign wealth fund…

Bank Melli Iran's loan-to-deposit ratio is now 90%, which is considered acceptable, the CEO of the bank has said. "BMI adheres to the principles of financial and credit ratios emphasized by the…