Iran’s Auto Importers Association announced that the recent report about “lifting the ban on luxury cars” has been misinterpreted. According to the director of the organization, Maysam Rezaei, the…
Economy
- Economy
Pars Khodro announced that it in talks to resume the production of Nissan’s Qashqai inside Iran.
In a ceremony held on the occasion of unveiling Sandero Stepway in Tehran on September 6,…
EconomyVolkswagen is exploring a potential joint venture with Chinese automaker Anhui Jianghuai Automobile (JAC), Chinese media reported on Wednesday.
JAC said in a statement on Shanghai Stock…
EconomyIran will provide its citizens with specialized life insurance policies, announced the president of Central Insurance of Iran.”The first specialized life insurance will be offered soon,”…
EconomyThe High Council on Anti-Money Laundering on Tuesday issued a statement in defense of collaboration with the Financial Action Task Force –an international initiative to combat money laundering and…
EconomyBank of Industry and Mine is negotiating a $3 billion credit line with a consortium of six European banks, said the bank’s CEO Ali Ashraf Afkhami on Tuesday.
“The credit line will be used…
EconomyBanks have lent six trillion rials ($167.3 million) to 7,500 small and medium sized factories so far this year, according to Mohammadreza Nematzadeh, the minister of industries, mines and trade.…
EconomyThe number of Iranian traders using railroad for exports to Turkmenistan has been on the rise following the neighboring country’s recent decision to increase tariffs on Iranian transit trucks, CEO…
EconomySenior advisor to the president and Secretary of the High Council of Free Zones, Akbar Torkan attended the opening ceremony of Iran-Afghanistan Joint Exhibition in Kabul on Tuesday. More than 75…
EconomyExports to Oman is expected to double in this fiscal year compared to last year’s $375 million, Iran’s commercial attaché to the neighboring country, Abbas Abdolkhani said. The current…
EconomyDeputy Energy Minister Rahim Meydani says Iran must put an end to policies that promote water-intensive yet low-value agricultural products because “the country’s development won’t occur through…
EconomyIran’s Small Industries and Industrial Parks Organization and the German state of Baden-Württemberg signed a 5-year memorandum of understanding to share technology and exchange trade delegations…
EconomyThe Iranian Privatization Organization is selling 14 trillion rials ($390.4 million) in government property in thei current Iranian month to September 21. The assets on sale include an 80% stake…
EconomyIran has an ambitious target to become the world’s 6th largest steel producer by raising crude steel production capacity to 55 million tons per year, as part of the goals envisioned in the 20-Year…
EconomyTehran Stock Exchange’s main index gained 147.40 points or 0.19% to end Tuesday trade at 76,669.6.
More than 1.5 billion shares valued at $82.6 million changed hands for the day.
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EconomyIran’s High Council of Cyberspace has ruled that 50% of the funds allocated for the establishment and expansion of National Information Network (Iran’s homegrown and internalized network) must go…
EconomyA new website, Rahbal.ir, has been launched recently to enable travelers to book cheap package holidays and flights, making it the latest offering in a burgeoning industry. Customers can search…
EconomyDeutsche Telekom is considering options, including thousands of job cuts at its German business, a review of its holdings in Eastern Europe and Greece, and a partial sale of its subsidiary T-…
EconomySamsung has recalled its new Galaxy Note 7 smartphones in Iran after reports it can overheat and even explode spread around the world.
Although the phone has not been officially launched in…
EconomyInternet service providers have been obliged to expand bandwidth and improve service quality, according to a new diktat by the Communications Regulatory Authority of Iran.
EconomyLocal production of industrial valves used in primary industries including petroleum is one of the significant achievements of the country that was realized thanks to Joint Comprehensive Plan of…
EconomyThe Taiwan-based payment company Castles, specializing in payment tools, has started a semi knocked-down production line in Iran’s Arvand Free Trade Zone, in cooperation with Bank Pasargad’s…
EconomyIranian banks can only provide (or choose not to provide) clients with banking services based on the laws and regulations of the country, but are not allowed to cite any form of international…
EconomyThe insurance industry’s total generated premiums amounted to 76.1 trillion rials ($2.4 billion at market exchange rate) in the four months that ended July 20, marking a year-on-year growth of 20…
EconomyThe German state of Bavaria has authorized three Iranian lenders to open branches in Munich, announced its State Minister of Economic Affairs and Media Ilse Aigner at a press conference in Tehran…
Economy
