Head of the Mobile Telecommunication Company of Iran (locally known as Hamrahe Aval) said at the company’s general assembly meeting that MCI has attracted 103 trillion rials ($2.7 billion)…
Economy
Some $3.5 billion worth of foreign direct investments have been made in Isfahan Province since President Hassan Rouhani took office in August 2013.
Most of the investments have been made…
In spite of US President Donald Trump’s inflammatory remarks on the nuclear deal (formally referred to as the Joint Comprehensive Plan of Action) and their negative impact, there is room for…
The Central Bank of Iran has notified regulations for digital and mobile payments to the banking network.
According to CBI's website, the technology to be used in the payment process is…
The Central bank of Iran is determined to navigate moneychangers back to their original activities and leave banking operations to banks, said the head of the Department for Banking Supervision at…
The two-term government of former president, Mahmoud Ahmadinejad, was responsible for a whopping surge in home prices throughout the country, the head of Tehran Association of Builders said.”…
An integrated database will be formed to publicly release information on government-run companies, banks and insurance firms, which will help assess and rate their performance, announced the…
India is fast-tracking its plans to complete two new terminals at Iran’s Chabahar Port with the tendering process already underway, India’s transport minister said.
The agreement for…
About 2.25 million tons of rice are estimated to be produced in Iran during the current Iranian year that started on March 21, the head of Iran Rice Council said. “This is almost the same amount…
Iran has received $15-20 million discount on the Airbus A330 passenger planes it has ordered from the European planemaker, a deputy minister of roads and urban development said. The A330 models’…
Minister of Roads and Urban Development Abbas Akhoundi met with Kyrgyzstan’s Parliament Speaker Chynybai Tursunbekov in Tehran to discuss the prospects of mutual cooperation in transportation…
The average goods and services Consumer Price Index for urban areas in the 12 months ending April 20, which marks the end of the first Iranian month of Farvardin, increased by 9.5% compared with…
The area under greenhouse cultivation in Iran has increased by 37.2% since President Hassan Rouhani took office in August 2013 to reach 11,425 hectares, Deputy Agriculture Minister Mohammad Ali…
The promise of creating 1.2 to 1.5 million jobs annually made by two presidential hopefuls, namely Mohammad Baqer Qalibaf and Seyyed Ebrahim Raeisi, in their stump speeches seems like another…
Tehran Stock Exchange’s main index gained 171 points or 0.22% to end Wednesday trade at 79,596.9.
Over 1.2 billion shares valued at $72.84 million changed hands for the day.
Shahd…
According to the Central Bank of Iran, Iran’s average daily oil exports (including crude oil and oil products) rose by 41.2% in the last Iranian year’s (started March 20, 2016) first quarter and…
In its latest report titled “Short Range Outlook for 2017-18”, the World Steel Association forecasts that Iranian steel demand will increase by 4.9% to 20.04 million tons in 2017 and will increase…
Mines and Metals Development and Investment Company, one of the largest mining holdings in Iran’s equity market, plans to put up a 16.1% stake of the firm for sale on May 9.
Zagros Khodro, a now defunct producer of Proton models, may come back from the dead according to the Minister of Industries, Mining and Trade, Mohammad-Reza Nematzadeh who visited the mothballed…
Contrary to reports that commercial vehicle importer Khodro Sazi Sina (KSS) has outbid Mammut Group's subsidiary on the contract for the import of Volkswagen-branded cars to Iran; the managing…
CEO of Iran Khodro (IKCO) has finally announced the price for its Peugeot 2008. Hashem Yekezare told local news website Eghtesad Online that the car will be sold for 900 million to 1 billion rials…
More than 90% of the Foreign Ministry's negotiations are focused on promoting economic cooperation and expanding export markets, particularly in Central Asia, West Asia, Africa and Latin America,…
Iran's Ministry of Economic Affairs and Finance has published a report detailing the performance of seven Iranian banks in the area of correspondent relations, indicating that the international…
In line with Bank Melli Iran's activities in Iraq, the bank is going to open a branch in the shrine city of Najaf in the near future while starting a branch in Karbala is also on its agenda, said…
Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that…
