Economy

The local manufacturing of bus and van increased by 196.2% and 418% in the Iranian month of Mordad (July 23-August 22) compared with last year’s corresponding period. Iranian automakers, namely…

Minister of Industries, Mining and Trade Mohammad Shariatmadari has been appointed the new Iranian head of Iran-Turkey Economic Commission. Mahmoud Vaezi, the former communications and…

Tehran Stock Exchange’s main index gained 113.40 points or 0.14% to end Monday trade at 83,369.1.

About 478 million shares valued at $36.52 million changed hands for the day.

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Tehran is hosting the 11th International Exhibition of Plastics, Rubber, Machinery and Equipment, better known as Iran Plast 2017, from September 24 to 27.

Tehran Chamber of Commerce, Industries, Mines and Agriculture will dispatch trade delegations to Switzerland, Belarus, Slovakia and Austria by the end of 2017 and host one from Italy.

The equity market is to float its fourth initial public offering in the current fiscal year (started March 21) on Tuesday for Chodan Sazan Company.

A 10% stake in the company equaling 80…

Bank Saderat Iran is working to enhance operations of its branch in Doha to help remove banking problems facing Iranian exporters in Qatar, according to its chief executive.

“I can…

In addition to establishing ties with major international banks, the plan to unify dual foreign exchange rates requires prerequisites, the Central Bank of Iran’s former deputy for foreign…

Russia’s Vnesheconombank, otherwise known as VEB, has signed a contract with Iran’s Bank of Industry and Mine to finance a thermal power plant project in Hormozgan Province.

The contract…

China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market…

Azhitechs, an Iranian commercial vehicle producer and the official representative of Belarus’s Maz Trucks, is set to deliver 400 CNG-powered city buses to Tehran and Tabriz municipalities.

Steering wheel as we know it does not have a bright future -- in fact, it might disappear altogether as self-driving cars hit the road. Jaguar Land Rover, however, has an idea as to how it might…

Iran Financial Center signed a data-sharing deal with the Greek data vendor company Inforex S.A. at Tehran Stock Exchange on Sunday.

While foreign currency rates, especially the US dollar, are gradually rising in the market, the government’s earnings from revaluation of the Central Bank of Iran’s forex resources also go up…

The Nilson Report, one of the most trusted sources of news and analysis of the global card and mobile payment industries, has surveyed the largest merchant acquirers in Middle…

Bank Melli Iran’s branch has started operations in the Iraqi holy city of Najaf Al-Ashraf, the lender’s chief executive said.

Tehran Stock Exchange’s main index shed 419.60 points or 0.50% to end Sunday trade at 83,255.7.

About 404 million shares valued at $36.82 million changed hands for the day.

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Iranian government officials and steel industry players met at Financial Tribune’s office in Tehran on Sunday to set the agenda and the general outlook for the Eighth Iranian Steel Market…

Iranian gold producers are taking measures to improve their international ranking by increasing the quality of their products, an official with Tehran Gold and Jewelry Union said.

The Persian Gulf Petrochemical Industries Company is close to finalizing an agreement with French energy major Total S.A. to conduct feasibility studies on petrochemical ventures in Iran, the…

The government has purchased 8.8 million tons of wheat worth 115 trillion rials ($2.95 billion) from local farmers across the country so far in the current crop year, Deputy Agriculture Minister…

A total of 2 trillion rials ($51.28 million) from the National Development Fund of Iran have been allocated to nomads to streamline red meat production, the head of Iranian Nomad Organization…

Negotiations with Afghanistan for the export of Iranian eggs to the neighboring country have failed and Iran’s chances of exporting eggs seem remote even by the end of the Iranian year (March…

Some of the decisions made by the newly-formed government of President Hassan Rouhani suggest that the officials are intent on pursuing the trial-and-error approaches that bled the economy dry…

Iranian Privatization Organization has brokered the sales of over 1.17 trillion rials ($30 million) worth of public companies’ shares since the start of the current fiscal year (March 21) to…