Banks have taken over 1,099 struggling industrial units across the country, while 75% of them are still active, said deputy minister of industries, mining and trade on Sunday.
“Bank…
Economy
Economy
An official at KB Kookmin Bank said they are negotiating with major banks in Iran in order to be ready, just in case they will be able to do trade with Iranian counterparts using the yen or the…
Economy
Iran’s sovereign wealth fund plans to lend 20 trillion rials ($578 million at market exchange rate) to non-oil exporters, said the head of Iran’s Chamber of Commerce, Industries, Mines and…
Economy
A foreign steel market analyst doubled down on his impression of the Iranian steel industry following his weeklong stay in Iran and extensive interviews held with industry players in a report…
Economy
Hand-woven carpet is one of the most valuable non-oil export commodities of Iran and the sector is currently suffering from severe mismanagement and unreasonable regulations.
Economy
Tehran Stock Exchange’s primary index TEDPIX inched down 30.20 points or 0.04% to close at 78,384.4.
The value of close to 60% of the listed companies dropped, with food, electricity and…
Economy
Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted two trade delegations on Saturday, one from neighboring Turkey and another from Switzerland.
Economy
Latest inflation figures may suggest a pickup in Iran’s industrial base.
Producer Price Index, which measures inflation in manufacturing costs and prices, and is considered a foreteller of…
Economy
Achieving a 4% growth—forecast by the International Monetary Fund for the Iranian economy in 2016—for a single year is not very significant, says the deputy head of Iran-China Chamber of Commerce…
Economy
German Vice Chancellor and Economy Minister Sigmar Gabriel cancelled his trip to Iran due to illness. Gabriel was expected to co-chair the Iran-Germany Economic Commission with his Iranian…
Economy
Tehran was host to a conference on heavy transportation titled “Heavy Iran 2016” last week. Representatives of international heavy transportation companies and experts participated in the event,…
Economy
The government will increase the guaranteed purchase prices of 24 agricultural products from local farmers by up to 15%, says the managing director of the Central Organization of Rural…
Economy
Chancellor of Sharif University of Technology Mahmoud Fotouhi Firouzabad announced the university’s plans to expand cooperation with Iraq and Afghanistan.
Economy
Shopping for furniture is one of the most difficult tasks to do, especially in Tehran. When one sets out to buy a sofa, for example, deciding on what to take home can be very confusing as there is…
Economy
Mobile roaming charges within the EU will now be significantly cheaper after an interim cap came into effect ahead of a full ban next year.
The cap makes roaming within the EU 75% cheaper…
Economy
Iran's second technology center will be inaugurated on May 18, said the head of Iran's Innovation and Prosperity Fund.
Behzad Soltani added that the second technology center, affiliated to…
Economy
South Africa’s SALT telescope has helped detect the first white dwarf pulsar, the latest co-discovery that has astronomers eager to use the largest optical telescope in the southern hemisphere to…
Economy
Malaysia’s Ministry of International Trade and Industry uploaded the “Guidelines on Doing Business with Iran” on Malaysia External Trade Development Corporation’s website on Saturday.
“The…
Economy
Iran and Turkey have the potential to increase their bilateral trade ten-fold to $100 billion annually, said Minister of Telecommunication and Information Technology Mahmoud Vaezi in a meeting…
Economy
China’s Guangdong Province and Iran’s Qeshm Free Trade Zone can play a pivotal role in strengthening relations between the two countries, said governor general of the southeastern Chinese province…
Economy
A total of 5,918 housing units were sold in Tehran during the month that ended April 19 (marking a 20.4% growth compared to the same period last year), promising a new and much-awaited opening for…
Economy
Central Bank of Iran data shows that the government owed banks 1.17 quadrillion rials ($38.7 billion) by the end of the month ending February 19, a rise of 19.6% compared to the same period last…
Economy
The entry of Iranian insurance companies in the Azerbaijan market will be useful as it will facilitate Iranian investment in the sector, said head of the Azerbaijan’s ARK Business Solutions.…
Economy
The head of the German banking association said on Friday, that restoring German banks’ financial ties with Iran will take time given debt owed to Berlin and transparency concerns,
Iran…
Economy
Iranians will soon team up with prominent international brands to form joint ventures for the production of home appliances, says a member of Home Appliances Manufacturers Union, Mohammad Hassan…
Economy
