Economy

SAIPA, the second biggest carmaker, has announced that it will offer loans for its own-manufactured Kia Cerato to boost sales. The company says buyers will be able to pay for the car in 12, 24, 36…

The joint venture between France's Peugeot and Iran Khodro, IKAP, has announced that the presale of Peugeot 508 will commence in the next few weeks, but failed to give a price.

The car will…

Pars Khodro, a subsidiary of the second biggest domestic auto producer SAIPA, is set to deliver a new Chinese-derived Brilliance C3 SUV in August, according to local automotive websites.

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Valeo, famous for making car auto parts like windscreen wipers and brake pads, will open a research center for artificial intelligence and “deep learning” with the aim of developing technologies…

AMICO Industrial Group, one of Iran’s commercial vehicle groups, has reached an agreement with China’s Huanghai automotive firm to produce the N1 single and double-cab pickup trucks in Iran.

The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit…

Members of President Hassan Rouhani’s Cabinet approved a measure at the recommendation of the Ministry of Economic Affairs and Finance which allows the ministry to increase the capital of Iran in…

The increase in bank fees approved earlier by the Central Bank of Iran has become effective. The CBI had first announced the directive in September 2016. The change is aimed at diversifying banks…

Iranian banks’ progress in adapting to their financial statements with the new model set by the Central Bank of Iran was around 20-30% during the previous Iranian year (ended March 20), said a…

Minister of Economic Affairs and Finance has confirmed local media reports of an imminent South Korean $13 billion credit line to support Iranian projects–a measure, which if finalized,…

The Central Securities Depository of Iran issued 35,000 new trading codes for investors during the second month of the current fiscal year (ended May 21). According to Mehr News Agency, the…

The office of the Food and Agriculture Organization of the United Nations in Iran began a technical cooperation program called "Capacity Building for Increasing Sustainable Oilseed Production…

Tehran Stock Exchange’s main index lost 293 points or 0.4% during the week that ended June 14 to close at 79,466.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, gained 1.4…

Buying activity in the Iranian flat steel import market remained limited over the past week due to the traditional Ramadan slowdown, Metal Bulletin reported. As such, prices have not seen any…

The managing director of Iran’s Confiscated Assets Organization says his organization has not sold impounded cars to the Ministry of Foreign Affairs. Amin Daliri said as per law, his…

The inherent flaws and foibles within the Ministry of Industries, Mining and Trade won’t disappear with the government’s move to bisect it into two: ‘Industries and Mining and ‘Commerce’.

Close to 4,140 tons of ice-cream worth 463 billion rials ($12.4 million) was exported during the first month of the current fiscal year (March 21-April 20), according to data released by the…

More than 4,000 tons of uncarded and uncombed cotton worth 270 billion rials (over $7.2 million) were imported during the first month of the current fiscal year (March 21-April 20), according to…

The Iranian container ship ‘Behshad’ carrying 625 TEUs from India’s Kandla Port in Kutch District of Gujarat docked at Iran’s Chabahar Port off the Persian Gulf on Tuesday, Behrouz Aqaee, director…

The provinces of East Azerbaijan, West Azerbaijan, Isfahan, Tehran, Qazvin, Kerman and Khorasan Razavi were the leading provinces in attracting foreign direct investments in 2016, according to the…

Mohammadian Varamin Polyethylene Industries Plant was inaugurated by Industry Minister Mohammadreza Nematzadeh in south Tehran on Thursday, SHATA reported.

Job creation is not within the direct purview of the government, yet it was one of the main topics in the presidential election debates last month.

Both analysts and senior government…

One of the cultural development indicators of each country according to the United Nations Educational, Scientific and Cultural Organization is the number of its moviegoers and one of the main…

Iran’s Center for Web Developers will host the Persian Web Conference 2017 in Tehran. Scheduled for August 12, the event will be held at the conference hall of the Ministry of Communications and…

A startup has launched a new service that aims to assist residents in Tehran maintain a healthy and diverse diet.

The startup operates both through a website under the address www.…