Economy

A 267-kilometer-long railroad connecting the capital city Tehran and the central provincial capital Hamedan was inaugurated on Monday in the presence of President Hassan Rouhani and Minister of…

When major players of the Iranian banking system next convene in the foreseeable future, addressing the oft-visited dilemma of interest rates will be on top of their agenda, the head of the…

China Export & Credit Insurance Corporation (commonly known as Sinosure) will provide export insurance for Chinese construction and production investments in Iran.

As attested by officials in the past few weeks, there will be no surprise price hike similar to the ones witnessed a few years ago, assured a deputy minister of roads and urban development. “It is…

Rumaila, a natural gas combined cycle power plant with 12 gas and 6 steam turbines, is to be implemented at a cost of $2.5 billion by the Iranian MAPNA Group in Basra, southern Iraq.

Spain’s ambassador to Iran announced that his nation’s banks are ready to finance the petrochemical industry, which facilitates Iran’s interaction with European companies.

Seven thousand jobs were created following the government’s allocation of $4.5 billion in loans to small- and medium-sized enterprises in the fiscal March 2016-17, the Ministry of Industries,…

The annual turnover of the sector dealing with Iran’s highly competitive university entrance exam, better known as Concours, stands at more than 40 trillion rials (about $1.06 billion), a veteran…

Tehran Stock Exchange’s main index added 83.30 points or 0.10% to end Monday trade at 79,744.2.

More than 4.8 billion shares valued at $570.7 million changed hands for the day.

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The fight against tax evasion will be the main goal pursued by the Iranian National Tax Administration in the current Iranian year (started March 21), INTA’s chief said. “About 13 trillion rials…

When Iran last year cemented a landmark nuclear agreement with six world powers to remove many of the sanctions against it, Hassan Rouhani, the country’s moderate president, said it would aim to…

The Headquarters of Resistance Economy has assigned the Ministry of Industries, Mining and Trade with the task of boosting non-oil exports by $2 billion in the current Iranian year (March 2017-…

A new ATR plane will be the first to land in Iran within a week, the CEO of Iran Air, Farhad Parvaresh, announced on Monday, as reported by the Ministry of Roads and Urban Development’s news…

The Arbitration Center of Tehran Chamber of Commerce, Industries, Mines and Agriculture was inaugurated on Sunday in a ceremony attended by TCCIM President Masoud Khansari, the judiciary’s deputy…

MTN said on Monday that it has agreed to invest $300 million in the  Iranian fixed broadband provider Iranian Net and lend the company $450 million, according to local…

Bahman Khodro, the producer of Chinese and South Korean branded cars has launched the latest version of its off-road pickup called the Capra 2 with an updated set of features.

The previous…

India’s most influential government think-tank has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signaling a dramatic…

The motorcycle industry has reached an annual output of 500,000 units.

In an interview broadcast on state TV, Bahman Ziamoghadam, head of Iran’s Motorcycle Association, said the production…

Carmakers will attend the upcoming Baku Motor Show in the Republic of Azerbaijan on June 28-30.

The Central Bank of Iran has denied any case of hacking in the domestic banking sector, saying that the banking network is strong enough to protect depositors’ money against cyber threats.

Iran's industrial sector has managed to repay 4.5% of its debts to the banking system over the past four years, said the minister of industries, mining and trade.

Mellat Bank Yerevan, a subsidiary of Iran’s Bank Mellat, will open a new branch in Georgia by the end of the first half of the current Iranian year (Sept. 22), said Bank Mellat’s chief executive…

Bank Melli Iran's ratio of non-performing loans to total loans currently stands at 7.7%, about 3% lower than the average ratio for the domestic banking system, announced the chief executive of the…

Similar to other top-tier officials, deputy economy minister for banking affairs believes that Iran will be able to quit the Financial Action Task Force’s blacklist of high-risk countries.”We hope…

A total of 2.6 billion cigarettes were produced in Iran in the first month of the current fiscal year (started March 21), registering a 63% increase compared with the corresponding period of last…