The head of an economic think tank has sounded the alarm on municipalities’ growing reliance on unsustainable income and called for alternative sources of revenue to run urban affairs.
Economy
Commercial banks ventured into business activities with the implementation of Article 44 of the Constitution, a top finance and banking expert said on Wednesday.
Bank Saderat Iran has announced that the government’s new auto loan scheme would help settle car manufacturers’ debts to the banking sector and would not have any inflationary effects.
Mass construction of housing units would help cut costs and improve the financing and funding of housing projects, said head of Kayson, a prominent private construction company.
Foreign investments are protected from political risks by law, like the risk of nationalization, said Abolfazl Kodehi, director of Iran Foreign Investment Services Center, in the Second…
Corporate earnings will continue to fall this year, putting further downward pressure on Iranian equities that are in a two-year bear market, chief executive of Tehran Stock Exchange said earlier…
Tehran Stock Exchange’s overall index inched up 13.70 points or 0.02% to settle at 62,734.6 at Wednesday’s close.
More than 398 million shares changed hands valued at $51.3 million to…
Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 1,840 tons of aluminum alloys and 200 tons of 7-6063 billets by Iran Aluminum Company on Wednesday.
A new trade exhibition scheduled for May in Tehran will host businesspeople tracking the country’s predicted growth in logistics, conveyance, storage and other related fields, as it rejoins world…
In Iran greenhouse farming is not economically viable because of the country’s diverse topography and climate, says a greenhouse owner.
Mohammad Reza Teimouri, who is also the first…
Iran and the Netherlands signed a memorandum of understanding on cooperation in the agriculture sector, including development of greenhouse cultivation, genetic modification of crops, high-…
An Italian economic delegation, including representatives of the country’s banks, heavy industries, oil and petrochemical sectors, visited Aras Free Trade Zone earlier this week to weigh up…
Some 3.5 million tons of more than 400 commodities worth $1.23 billion were exported from Yazd over the past two years, says head of the province’s Industries, Mining and Trade Organization,…
The Ministry of Industries, Mining and Trade has recently published a document titled “The Guide for Developing Investment and Economic Cooperation With Iran in the Fields of Industries, Mining…
Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia and his deputies Mohammad Khazaei and Shapour Mohammadi attended the 31st session of the Standing Committee for Economic and…
A contract worth €1.2 billion has been signed between Iran and Russia on electrifying Garmsar-Sari-Gorgan-Incheh Borun railroad. “As per the agreement, the electric locomotives will be…
Total and new light-vehicle sales in November are expected to increase 7% on a selling-day-adjusted basis, according to a monthly sales forecast.
The first consignment of Arisun pickup has been exported to Iraq in semi knocked-down form, IKCO’s deputy CEO for export announced.
Indian-owned car giant Jaguar-Land Rover is to double the size of an engine plant under a £450 million ($675 million) expansion program, creating several hundred new jobs.
The firm said its…
The government will not change the current car import tariffs this year, but it is up for review in the following Iranian year (starting March 20, 2016).
According to Valiollah Afkhamirad,…
German prosecutors say they have widened their investigation of Volkswagen to include suspicion of tax evasion after revelations that some of its cars were emitting more carbon dioxide than…
The Central Bank of Iran is revising real estate leasing regulations, a move that could lift the ban on the sector which was banned by the previous administration, an official at the CBI said…
Interest rates cannot be lowered by decrees and directives, said Ali Tayyebnia, the economy minister late Monday, adding that all members of the Money and Credit Council -- the country's highest…
Bank of Industry and Mine is considering developing ties with German KfW banking group after the lifting of sanctions against Iran, said BIM’s chief executive on Tuesday. Ali Ashraf Afkhami said…
Iran’s Sarmayeh bank has been selected as the “most innovative bank” at the Global Customer Exchange Conference 2015, the private bank’s public relations office reported on Tuesday. It won the…
