Economy

The remaining 323 out of 1,713 enterprises on the privatization list will be ceded in the new Iranian year (starting March 21), the head of Iranian Privatization Organization said.

In line with Tehran Municipality’s plans to reduce air pollution, the city council is offering grants to people wanting to buy electric motorbikes.

The municipality has launched a website (…

The semi state-owned Iran Khodro Group assembled 1,800 units of Renault Capturs during the first 11 months of the current fiscal year that ends on  March 20. A company press release claims…

The world’s largest automaker, Volkswagen AG, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.

Iran Khodro and Chinese car assemblers are losing ground to their main rival SAIPA, according to newly released data.

Donya-e-Eqtesad, the sister newspaper of Financial Tribune, released…

Iranian insurance companies have formed a consortium for covering brand-new cars to put an end to automakers’ fraud. Carmakers persuade insurers to sell policies at a 15-20% discount but receive…

Bahar Azadi Gold Coin dropped by 150,000 rials or 1.15% in Tehran's market on Tuesday and fetched 12.20 million rials ($325), highlighting the fact that the recent rally was a short-lived bubble…

After the implementation of the Joint Comprehensive Plan of Action, the Export Development Bank of Iran secured correspondent relations with 119 foreign banks, said the bank’s CEO.

Interest rates in the Iranian banking system are expected to drop in the next Iranian year (starting March 21), said the chief executive of Parsian Bank.

“Higher government revenues and…

Iran Deposit Guarantee Fund complies with international standards and has managed to increase its assets, announced the fund's director.

Moscow may conclude agreements on the delivery of engineering goods to and import of food products from Iran during Iranian President Hassan Rouhani’s visit to Russia later this month, Russian…

Cooperation with Iran in investment and industrial projects holds great prospects.

This was announced by chairman of the Council of the Republic of the National Assembly of Belarus, Mikhail…

Ukraine plans to significantly increase its trade in food and agricultural products with Iran in the coming years, the Ukrainian Agriculture Ministry said on Monday.

Payam Special Economic Zone generated 4 trillion rials ($106.66 million) in revenues in the current Iranian year, registering a 100% rise compared with the corresponding period of last year, said…

The parliament reduced the budget for the new Iranian year that starts on March 21 by 2.5 trillion rials ($67.6 million) as per the changes made by the Guardians Council—a state body charged with…

Iran Chamber of Commerce, Industries, Mines and Agriculture approved the outlines of its budget for the new Iranian year (March 2017-18) on Monday. According to the chamber’s treasurer, Hossein…

Iran’s top cargo shipping company has held meetings in London to discuss a possible listing on London Stock Exchange, but has so far been thwarted by US sanctions that still scare banks off…

Iran’s largest producers of flat steel is nonchalant in the face of European threats to limit Iranian steel imports, as Mobarakeh Steel Company enjoys a diverse range of products and export…

Tehran Stock Exchange’s main index gained 304 points or 0.4% to end Tuesday trade at 76,639.0.

Some 3.4 billion shares valued at $209 million changed hands for the day.

Omran Fars…

After President Hassan Rouhani took office almost four years ago Internet tariffs have decreased drastically and reached 14,000 rials ($0.37) for the base cost of transferring per megabyte.

A new paper released by researchers at the Swiss Federal Institute of Technology in Lausanne (EPFL) details the creation of gelatin-based actuators, a technology that could bring people closer to…

MTN-Irancell, Iran’s second biggest mobile network operator by size has begun distribution of its first 4.5G portable modem capable of speeds of 300Mbs. The rollout of the new tech comes only one…

US Brokerage firm Charles Schwab announced on March 13 that it has launched a service which combines automated investment technology with the added benefit of human advisors, in a first of a kind…

Iran's economy does not have the capacity for so many banks and credit institutions and hence the idea of merging them should be considered, the head of Iran Chamber of Commerce, Industry, Mines…

The government is planning to link the databases of Iran Health Insurance Organization and Social Security Organization to ease access to policyholders’ profiles, reduce prescriptions and medical…