Economy

The very first step to reform banking system is transparency in operations, said Lotf-Ali Bakhshi, an economic expert.

Although the banking network plays a key role in the development and…

Management of the currency market should be changed if the government wants to make efficient use of forex inflows, Yahya Ale Es’haq, head of the Tehran Chamber of Commerce, said on Wednesday.

Over the last Iranian year which ended on March 21, the rial weakened by 6% against the dollar to hit 35,000 rials in the ending months, though it settled at about 33,000 rials in the last days of…

The Central Bank of Iran (CBI) has put off formulating an exclusive set of monetary and banking regulations for free trade zones, an issue which has raised problems in the regions, according to…

Bank Pasargad has been included in the list of top 500 world banks published by The Banker. According to an assessment done of banks’ financial reports for the year 2014, The Banker has listed the…

Deputy head of Geological Survey of Iran (GSI) for exploration affairs, Behrouz Borna said on Tuesday that three percent of the world’s mineral resources are found in Iran, which are estimated at…

Despite previous announcement by authorities that the import tariff on steel sheets with thickness under 3 millimeters would not be increased, the tariffs were raised from 4% to 15%, causing…

The Tehran Stock Exchange (TSE) sentiment was boosted, after the TEDPIX was lifted at Wednesday close by huge listed companies that are more likely to yield the highest dividends once sanctions on…

The Iran Mercantile Exchange (IME) recorded the offering of more than 96,000 tons of commodities, worth more than $46 million, at the spot market on Wednesday trading, IME’s public relations…

BMW, the German automaker, and Amazon Japan have announced their new offer of selling BMW electric i3 online. Following Tesla's direct sales online model, the Bavarian headquartered car company…

American carmakers seem to be keen on exporting cars and auto parts to Iran as Tehran and world powers hammer out the final touches to a nuclear deal, which is expected to put an end to economic…

Nissan has announced it is introducing a hybrid version of the X-Trail crossover in Japan which will go on sale on May 13, World Car Fans reported. It looks the same as the regular model but comes…

Daimler and its Franco-Japanese partners in the Renault-Nissan Alliance have confirmed that development of the coming Mercedes-Benz pickup will be a joint project between the two…

Pars Khodro car manufacturing company produced 110,200 vehicles in the last Iranian calendar year (which ended March 20), registering 82.3 percent growth compared to the year before, Armin…

The ministry of industry, mine and trade has announced its new car production target of 1.4 million vehicles by the fiscal yearend (March 20, 2016).

The fall in the value of the euro against the Iranian rial from 45,000 to 35,000 during the past 11 months has boosted sales of European cars in the Iranian market. In comparison Japanese, Korean…

Despite the sanctions imposed by the West on Iran’s economy, 800,000 tons of cargo was in transit via railway during the past Iranian year (ended March 20), which shows more than 50% increase…

Close to 806,000 metric tons of non-oil goods, valued at $308 million, were exported via Iran’s northwestern Astara port during the past Iranian calendar year (ended March 20), managing director…

The pharmaceutical industry is enjoying a steady market after the prices were reduced, import of low-quality products banned, and almost all drugs were made available, IRNA reported.

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The agriculture minister says agreements have been signed with Russia and China to prepare the ground for the export of high protein food like shrimp between Iran and the two countries, Mehr news…

More than 2,400 tons of hand-woven carpets worth $20 million were exported from the central Isfahan Province in the past Iranian calendar year (ended march 20), which indicates a $2 million rise…

More than 4,000 cooperatives were registered during the past Iranian calendar year (ending March 20), creating more than 57,300 jobs across the country, based on statistics released on Tuesday by…

The increase in housing prices will be less than the inflation rate in the current Iranian calendar year (started March 21), said the head of Tehran’s real estate union, stressing the need to…

According to Article 44 of the Iranian Constitution, amended in 2004, the economy of Iran is to consist of three sectors: state, cooperative, and private.

Iran has no plans to lift the ban on the import of Indian rice, said deputy agriculture minister, Ali Ghanbari, ISNA reported on Tuesday. Meanwhile, head of the Iranian Rice Importers Association…