The Trade Promotion Organization of Iran Wednesday said $11.7 billion in subsidized foreign exchange had been used for imports during the first 70 days of the current fiscal year that started…
Economy
Mellat Bank branch in Yerevan has attracted € 10 million after international sanctions on Iran were eased, the executive director of the bank Seyed Gholamreza Mousavi said in an interview…
The Majlis Research Center has suggested the government repay a portion of its huge debts to the banking network by issuing Islamic Sukuk with maturity in the medium-term.
Cooperatives need a private bank of their own to access their 15% share of financial market facilities, as was planned in the Fifth Five-Year Economic Development Plan that ended in March, said…
As the new 800-million-rial ($26,000) loan of the Housing Savings Account scheme came into effect Wednesday, a Bank Maskan official said as a result home sales could pick up by as much as 10%.
Bank Saderat Iran, managed to reduce its non-performing loans by 10% last year, the bank’s chief executive, Esmaeil Lalegani said on Wednesday. BSI chief also added that his bank is developing a…
Tehran Stock Exchange’s all-share index TEDPIX edged up 1.70 points or less than 0.01% to end Wednesday trade at 75,876.2.
Losses incurred by mining and oil companies canceled out gains by…
Iran Mercantile Exchange’s average trade volume has been worth 5-7% of Iran’s gross domestic product in the past few years, Hamed Soltani-Nejad, IME’s chief executive, was quoted as saying by SENA…
Tehran Stock Exchange is increasing its capital by a third, the exchange’s chief financial officer has announced.
The exchange will add $400 billion rials ($11.5 million at market exchange…
Iranian people and government officials must work to improve the world’s perception of making an investment in the country, which has been misrepresented, partly by the biased media…
The domestic copper industry’s path to growth is impeded by rising exchange rates, shrinking global prices, low profit margins and the country’s underdeveloped downstream industries which, in turn…
A high-ranking Iranian delegation headed by Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh will attend the St. Petersburg International Forum to be held during June 16-18, 2016…
Over 80% of Iran’s mines have either gone out of business or are operating below capacity, while those still in the business are state-owned and barely making a profit, the head of the Mining and…
Iran’s annual demand for steel pipes and profiles is close to 1.8 million tons, according to Bahram Sobhani, the managing director of Mobarakeh Steel Company.
According to Tehran Industries, Mining and Trade Organization, cigarettes and tobacco top the list of confiscated smuggled goods during the first two months of the current Iranian year (March 20-…
Iran accounted for 64% of Turkey›s date imports last year, as more than 16,540 tons of the fruit worth over $4.9 million were shipped to the neighboring country.
Meanwhile, Tunisia exported…
More than 190,000 tons of watermelon worth $32 million were exported in the first two months of the current Iranian year (March 20-May 20, 2016).
The main export destinations for Iranian…
Iran is gearing up for a comeback in global shipping by systematically replacing its aging fleet.
An under-construction concrete runway in Mehrabad International Airport in western Tehran will become operational by September, a deputy transport minister said.
Ford Motor Company and Fiat Chrysler Automobiles are cutting production of smaller cars and idling workers at some North American factories, while boosting output of crossovers and SUVs in…
Two South Korean automakers are opening official dealerships in Iran's southwestern Arvand Free Trade Zone, according to sources familiar with the issue. Arvand Free Trade Zone is spread over 144…
SAIPA is in talks with troubled Pakistani auto assembler Dewan Farooq Motors Limited to produce right-hand drive versions of its Pride vehicles, according to a new report in the Persian-language…
Researchers at Pen Test Partners have wirelessly hacked the Mitsubishi Outlander Hybrid SUV, allowing the group to take control of the vehicle's electric charging and even switch off the alarm…
Iran and South Korea will replace their mutual customs documentations with electronic ones, the Islamic Republic of Iran Customs Administration reported.
Iran and China are planning to set up a joint industrial town, in which auto parts will be manufactured, the deputy head of Iran Small Industries and Industrial Parks announced.
Reza…
