Iran Mercantile Exchange’s oil and petrochemicals trading board saw 45,323 tons of bitumen supplied by Pasargad Oil Company and 37,100 tons of the same commodity by Jey Oil Refining Company on…
Economy
Economy
Geely Automobile Holdings said it will equip more than 90% of its models with alternative-energy powertrains in the next five years, the most ambitious plan by a Chinese carmaker so far to improve…
Economy
US authorities are investigating German auto supplier Bosch GmbH over its role in Volkswagen AG’s massive scheme to cheat US emission standards, according to people familiar with the matter.
Economy
Bogdan-Autotrade, distributor of cars manufactured by JAC and Iran’s SAIPA in Ukraine, will bring another low-cost Chinese car brand to the market–Zotye.
According to the press secretary of…
Economy
Kia’s best-selling car in the international market is the box-like Soul hatchback. It has sold 177,457 units of the Soul overseas from January to October, which places it on top of other models…
Economy
The vice president of the Central Insurance company of Iran has detailed the performance of the insurance industry in addressing natural disasters.
Economy
Foreign exchange rates will remain the same in next year’s budget bill (2016-17) with the USD at 28,500 rials, said the government spokesman Mohammad Baqer Nowbakht, reported IRNA. He pointed to…
Economy
Imbalances in the demand and supply of foreign currency were and still are a big hurdle to unifying exchange rates, a financial expert says.
“The government needs sufficient forex reserves…
Economy
Iran and Turkey agreed to use national currencies for two-way trade, said Iranian Trade Promotion Organization’s Trade Services director on Wednesday. Farhad Nouri said the agreement aims to…
Economy
Iran is planning to rejoin the global financial markets and establish correspondent banks in Europe, promoting mutual gains for both sides, said governor of the central Bank of Iran on Thursday.…
Economy
The governor of Iran’s northern Gilan Province, Mohammad Ali Najafi, met with Azerbaijan’s Minister of Economic Development Shahin Mustafayev in Baku on Wednesday.
Economy
Iran and India signed a memorandum of understanding to expand bilateral economic ties. The MoU was signed in a meeting between India’s Commerce Secretary Rita Teaotia and Iran’s deputy minister of…
Economy
Exports from Khorasan Razavi Province stood at around 87,835 tons worth $79.768 million in the seven-month period ending October 22, according to the province’s Industries, Mining and Trade…
Economy
Why do economic policies have adverse effects? This question has engaged the minds of almost all concerned people over many years.
A constructive answer should convince free market…
Economy
Revival of joint chambers of commerce is vital to introduce potential areas of cooperation to Iranian and Pakistani traders, says Pakistan’s Ambassador to Iran Noor Muhammad Jadmani.
Economy
A Georgian delegation unveiled plans to invest $15 million in four mineral exploration projects in the northwestern Iranian province of East Azarbaijan next year.
Economy
About 100 of Russia’s newest aircraft could be in service in Iran, according to Russian Deputy Prime Minister Dmitry Rogozin.
Economy
In response to the current slump in economic activity, the government has embarked on subsidizing consumption of durable goods and cars, along with easing monetary policy, by cutting bank reserve…
Economy
It was Swiss watchmaking legend Jean-Claude Biver who said in 2014 that the Apple Watch (and smartwatches more broadly) “wouldn’t create another crisis for the Swiss watch industry”.
Economy
Telegram said it had shut down 78 channels in 12 languages that had links to Islamic State terrorist group this week and improved ways for users to report illegal or objectionable activity on the…
Economy
Iran’s information technology services market suffered a major setback due to the imposition of economic sanctions on the country a few years back.
Basic IT services such as instant…
Economy
An Iranian scientist Mehdi Balali-Mood has won the Organization for the Prohibition of Chemical Weapons (OPCW) Hague Award. Balali-Mood has dedicated himself to treating victims of chemical…
Economy
Iran's economy has the potential to grow by around 8% a year over time, once sanctions are lifted and the country repairs its relations with the international community, central bank governor…
Economy
A report by the Institution for Management and Planning Studies (IMPS) says the tight money market and slack demand are major challenges the economy is facing in the current calendar year (ends…
Economy
Customers have deposited 4.2 trillion rials ($ 140.5 million) in Bank Maskan’s special Housing Savings Account created for first-time home buyers, Mohammad Hasan Moradi, director of the bank’s…
Economy
