Since the implementation of the Central Bank of Iran’s directive decreeing banks and credit institutions cap their interests on one-year deposits at 15% from September 2, lenders have largely…
Economy
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Economy
Tehran Stock Exchange’s main index jumped 497.90 points or 0.59% to end Monday trade at its 45-month high of 84,414.5.
The index’s escalating upward motion initiated at 9 a.m. It only…
Economy
The government has turned to various experts for assessing the steel industry’s status quo and analyzing its expansion program’s progress and shortcomings in the last few years.
The…
Economy
Tamin Petroleum and Petrochemical Investment Company is expected to become Tehran Stock Exchange’s largest listed firm in terms of nominal capital once it undertakes a capital increase of 38…
Economy
Iran’s confectionery industry has about 1,100 active production units, over 95% of which belong to the private sector.
According to Chairman of Agriculture Commission of Tehran Chamber…
Economy
An Iranian official said the country’s airport organization has concluded no deals with foreign firms on developing its aviation infrastructure since January 2016 when Tehran and world powers…
Economy
The wheat cultivation season will begin in the next two to three days and it is estimated that between 13.4 million and 14 million tons of the staple crop will be produced next year, an advisor…
Economy
The production of beverages makes up 7% of the Iranian food industry’s value added.
Economy
PricewaterhouseCoopers, a leading multinational professional services network, is working to establish a formal presence in Iran, as foreign interest in the Iranian economy has surged after…
Economy
Iran Khodro says it will produce eco-friendly vehicles in the near future.
The public relations manager, Morteza Aghaei said, “The company has signed a multilateral deal with Iranian…
Economy
About 5000 people across Europe die prematurely every year because of discrepancies between certification tests and real-world driving conditions for diesel vehicles.
Economy
The Motorcycle and Automobile Club of Tehran Province arranged a drag racing competition in Tehran on Friday. Fifty drivers participated in the competition, local automotive website Khodro Bank…
Economy
Production lines of four Chinese mid-range vehicles have been halted in Iran.
Data released by the Ministry of Industries, Mining and Trade on auto production reveals that local partners…
Economy
The government’s initiatives to recover banks’ non-performing loans are to continue in the current administration in line with curbing the volume of the banking system’s sour debts and improving…
Economy
Governor of the Central Bank of Iran Valiollah Seif has announced that the ratings of Iranian banks by a state-run entity will soon be publicized, which for the first time will give customers a…
Economy
Iranian banks will be able to open branches in Brazil after following due process like banks of any other nation, as the Latin American country welcomes expansion of trade ties with the Middle…
Economy
Iranian banks allocated loans worth 2.08 quadrillion rials ($53.3 billion) to various economic sectors in the first five months of the current Iranian year ending August 22, 2017, registering a…
Economy
Italian stoneworker Simec is establishing a stone processing factory in Chabahar Free Trade-Industrial Zone, managing director of the FTZ,
Abdolrahim Kordi, has announced. Simec and…
Economy
Iran ranked 104th among 130 countries and scored 54.97 out of 100 in World Economic Forum’s Global Human Capital Index for 2017.
Economy
The Iranian aviation industry, which employs about 30,000 people, is generally known to be a male-dominated domain.
According to Maqsoud As’adi Samani, secretary of the Association of…
Economy
The Iranian steel industry’s effective push toward exports has helped Esfahan Steel Company bolster its presence overseas, the company’s head of sales and marketing announced.
Economy
Tehran Stock Exchange’s main index gained 233.40 points or 0.28% to end Sunday trade at 83,916.6.
About 2.76 million shares valued at $96.50 million changed hands for the day.
…
Economy
More than 55,200 tons of wheat worth close to $15.45 million were imported from six countries during the five months to August 22, the Islamic Republic of Iran Customs Administration announced…
Economy
Iran’s saffron exports have been hard hit as a result of huge loads of legal and illegal shipments of saffron bulb to neighboring Afghanistan over the past decade.
“This turned…
Economy
Iran has cut by 50% the 2017 tariffs on rail transportation of cargo in the Iranian strand of the India-Russia route to encourage trade via the International North–South Transport Corridor, Mehr…
Economy
