Economy

While the average ratio of compliant banks' reserve requirements stood at 10.3% for the previous Iranian year to March 20, 2017, the more important figure is lenders' effective reserve requirement…

A government scheme, which aims to promote insurance specifically among motorcyclists, is gathering pace as thousands of insurance policies were sold in only a month, the director of Personal…

Tehran Stock Exchange’s main index inched up 14 points or 0.02% to end Tuesday trade at 77,975.4.

More than 1.7 billion shares valued at $68 million changed hands for the day.

Pars…

Ever since Iran proposed the Chabahar Port development project to India, several articles and papers have been published in the Indian media.

National Iranian Copper Industries Company recorded its highest concentrate output in the last fiscal year (ended March 20, 2017) by producing 1.07 million tons of the material, recording a 9.51%…

Fruit smuggling has declined by 90% since the fiscal 2013-14 when Hassan Rouhani first took office as Iran’s president, according to the managing director of Iran’s Confiscated Assets…

Iran’s exports to Russia are slowly gaining momentum after a declining trend that saw the value of Iranian shipments to the northern neighbor declining from about half a billion dollars in the…

Mobarakeh Steel Company has begun the production of carbon steel plates used in the production of fuel tanks for the first time in Iran, MSC’s manager for metallurgy and production affairs said.…

About 70% of the domestic demand for sports equipment are supplied by imports, the head of Producers and Sellers of Sports Equipment Union said.

Morteza Haqparast added that the machinery…

EU antitrust regulators are investigating allegations of a cartel among German automakers, a measure that could result in hefty fines for the companies.

The European Commission and its…

Iran Khodro is set to introduce the emerging market destined Peugeot 301 sedan in the near future.

The 301 model will be assembled by IKCO under a joint-venture IKAP with the French…

Transportation officials in Tehran have made a long-awaited  agreement related to renovation of the industrial transport fleet.

SAIPA is set to unveil its new Tiba with a locally-designed electric-only engine, said Mehdi Jamali, the company CEO.

“The electric Tiba has been designed and sent overseas for tests,”…

South Korean and Iranian private sector companies signed 10 memoranda of understanding on technology transfer on Sunday.

The Trade Promotion Organization of Iran has allocated €250 million from the resources of the National Development Fund of Iran, which will be deposited in foreign banks for guaranteeing technical…

While some economic experts and bank managers believe that the impact of banks' reserve requirements has waned over time and its ratio should gradually reduce, the director of Central Bank of Iran…

As the first tenure of President Hassan Rouhani is coming to an end and he is expected to introduce his Cabinet for the next administration in a matter of weeks, the private sector has renewed its…

Iran Chamber of Cooperatives plans to establish a new bank, the head of the chamber announced.  “Tose’e Ta’avon Bank (Cooperative Development Bank) cannot support the cooperatives sector due…

Tehran Stock Exchange’s main index gained 192.20 points or 0.24% to end Sunday trade at 80,863.0.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About…

The Administrative Justice Court receives the lion’s share of complaints against public entities about the conduct of the Ministry of Cooperatives, Labor and Social Welfare, Social Security…

Tehran Stock Exchange’s main index TEDPIX gained 1,935 points or 2.5% during the fourth month of the current Iranian year (June 22-July 22) to end at a 55-day high of 80,670.8.

The over-the…

Iran and Afghanistan have agreed to launch a railroad as of August 4, as per a deal signed in Tehran on Sunday. The agreement was signed by CEO of the Islamic Republic of Iran Railways Saeed…

More than 690,000 tons of different kinds of pulses were produced in Iran in the last fiscal year (ended March 20, 2017), a deputy agriculture minister said.

Abbas Keshavarz also said the…

The latest report published by London-based provider of strategic market research Euromonitor International titled “Economy, Finance and Trade: Iran” focuses on one of the Middle East’s largest…

The first phase of one of Iran’s biggest cage fish farming projects was launched during a ceremony in Bushehr Province on Saturday.