Local utilities are pushing ahead with plans to overhaul the ageing residential and commercial electric metering infrastructure. One key feature of economic growth is smart utility meters and the…
Economy
Economy
The Iranian Space Agency and Iran’s Space Research Center will sign a contract to jointly design and build a communications satellite to be named Nahid 2 (Venus 2 in Persian).
A…
Economy
It will take two months for the Central Bank of Iran to implement plans for unification of foreign exchange rates, said Valiollah Seif, CBI’s governor. He noted that plans will start once the…
Economy
Iranian banks say they have had notable achievements on the international banking scene one year into the implementation of Iran’s nuclear accord with world powers.
Economy
Industrial Management Institute has released the list of 500 largest Iranian firms, gauging them on the basis of their generated revenues during the fiscal year that ended on March 19, 2016.
…Economy
The average house price in Tehran during the Iranian month of Dey (December 21-January 19), increased 9.9% from a year ago —a measure of the cost per square meter of floorspace has revealed.…
Economy
Central banks of Iran and Turkey on Wednesday signed an agreement to work on addressing current banking issues between the two countries including integrating the two countries' payment networks…
Economy
Tehran Stock Exchange’s main index shed 200.10 points or 0.26% to end Wednesday trade at 78,049.
More than 894 million shares valued at $40.2 million changed hands for the day.
…
Economy
Iran Mercantile Exchange witnessed the trading of 28 million tons of commodities valued at $16.86 billion in the 10 months to January 19, up 42% and 87% in terms of volume and value respectively…
Economy
Iran is considering imposition of additional import duties to support domestic steel producers, who are facing weak demand at home.
The initiative, though, is subject to approval by…
Economy
An estimated 1.2 million tons of bitumen is produced in Iran annually, according to deputy minister of roads and urban development, Kheirollah Khademi.
“Bitumen, as the main material used…
Economy
Islamic Republic of Iran Customs Administration has published a new list of goods that will be eligible for reduced import tariffs as part of a Preferential Trade Agreement with Turkey.
Economy
National Iranian Copper Industry Company’s subsidiaries Sarcheshmeh, Sungun and Miduk copper complexes produced 805,063 tons of copper concentrate in the nine months to December 20, registering a…
Economy
Bank Tejarat and Bank Saderat will publish their new interim financial statements next week and their symbols will reopen for trading at Tehran Stock Exchange, announced Ali Beykzadeh, an official…
Economy
Last April President Hassan Rouhani said his government would strive to reduce the galloping inflation rate to single digits. That promise was delivered in June. Next in line was joblessness and…
Economy
German manufacturer of molding machines KraussMaffei Group has appointed KaranSimaFam as its new agency in Iran and aims to strengthen its market position in injection molding and reaction…
Economy
Iran's score based on the Corruption Perceptions Index improved by two notches in 2016 with 29 out of 100, according to a report by global graft monitor Transparency International.
Economy
Iran posted a $1.62 billion trade deficit with Germany in the nine months to December 2016. About 818,000 tons of goods worth $1.8 billion were imported from Germany during the period, registering…
Economy
PSA Group will announce a return to India this week through a manufacturing venture with New Delhi-based CK Birla Group, Les Echos reported on January 24. The maker of Peugeot and Citroen cars has…
Economy
The International Isfahan Auto Show opened on January 24 with competing companies showing their latest technologies and products.
According to local automotive website asrekhodro.com, the…
Economy
Volkswagen plans to equip its family of I.D. electric cars with next-generation 5G mobile connectivity and cellular vehicle-to-everything communication standards as the brand prepares to offer…
Economy
President Donald Trump has had a lot to say on Twitter about the US auto industry and its use of Mexican plants. On Tuesday morning, he spoke directly to the CEOs of General Motors, Ford and Fiat…
Economy
The government will pay 450 trillion rials ($11.6 billion) of its debts to six state-owned banks by March 20, said the government’s spokesman, Mohammad Baqer Nobakht, on Tuesday. The measure was…
Economy
Foreign Minister Mohammad Javad Zarif on Tuesday downplayed the possibility of sanctions snapback, assuring the Iranian business community that Iran's nuclear deal with world powers reached in…
Economy
Top banking officials and pundits gathered on Tuesday to discuss matters vital to the future prosperity of the Iranian banking system and as an extension, the Iranian economy, underscoring the…
Economy
