Economy

The new tax regulations on housing activities, which replace old tax laws with pragmatic and precise regulations, will provide financial benefit for both builders and buyers, says the chief of…

As the administration of President Hassan Rouhani is preparing the stage for deeper economic reforms in its second term (due to start in mid-summer), private sector leaders are taking it to task…

Central Bank of Iran is using a new system of supervision in which risky banks are being closely monitored at a time when the fallout from shadow banks has beset the financial system, a CBI…

The National Development Fund of Iran–the main sovereign wealth fund– has announced that it has recorded a year-on-year increase of “50% plus” in opening letters of credit during the previous…

Economy Minister Ali Tayyebnia met his South Korean counterpart to finalize a $13 billion credit line which is to be allocated by two Korean financial institutions to support Iranian projects.

Iran’s total cereal production for 2017 is forecast to stand at 20.1 million tons to register a 0.9% increase compared with the 2016 estimate of 19.9 million tons, according to the latest data…

The Iranian Parliament is currently discussing a bill proposed by the government to restructure three ministries.

Iran, with a score of 32.09 out of 100, ranks 75th among 127 countries listed in the World Intellectual Property Organization’s latest Global Innovation Index report published on the WIPO website…

As of June 22, container owners should refer to the Ports and Maritime Organization of Iran to pay terminal handling charges, chairman of the Transportation and Logistics Federation of Iran said…

Tehran Stock Exchange’s main index lost 180.70 points or 0.23% to end Saturday trade at 79,285.

Saturday is the first trading day at TSE as well as in Iran Fara Bourse, as the two exchanges…

Close to 200 industrial units were founded in Iran’s industrial parks during the first two months of the current Iranian year (March 21-May 20), creating around 2,200 jobs, the deputy head of Iran…

The underwriting of the Iranian capital market’s first exchange-traded fund on Iran Mercantile Exchange ended last week with the attraction of 157.9 billion rials ($4.15 million) in funding.

The spread of the Crimean-Congo hemorrhagic fever in Iran has caused serious concern among Iranians, as many refrain from buying red meat.

“After the spread of the disease, people refuse to…

Golgohar Mining and Industrial Company (GEG) is considering purchasing an iron ore mine in Australia, manager Nasser Taqizadeh said.

The company will either make the purchase on its own…

For the third time, Iran Privatization Organization is going to offer a 16.75% equity stake of Esfahan Steel Company on the over-the-counter Iran Fara Bourse on July 1.

The block sale is…

SAIPA, the second biggest carmaker, has announced that it will offer loans for its own-manufactured Kia Cerato to boost sales. The company says buyers will be able to pay for the car in 12, 24, 36…

The joint venture between France's Peugeot and Iran Khodro, IKAP, has announced that the presale of Peugeot 508 will commence in the next few weeks, but failed to give a price.

The car will…

Pars Khodro, a subsidiary of the second biggest domestic auto producer SAIPA, is set to deliver a new Chinese-derived Brilliance C3 SUV in August, according to local automotive websites.

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Valeo, famous for making car auto parts like windscreen wipers and brake pads, will open a research center for artificial intelligence and “deep learning” with the aim of developing technologies…

AMICO Industrial Group, one of Iran’s commercial vehicle groups, has reached an agreement with China’s Huanghai automotive firm to produce the N1 single and double-cab pickup trucks in Iran.

The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit…

Members of President Hassan Rouhani’s Cabinet approved a measure at the recommendation of the Ministry of Economic Affairs and Finance which allows the ministry to increase the capital of Iran in…

The increase in bank fees approved earlier by the Central Bank of Iran has become effective. The CBI had first announced the directive in September 2016. The change is aimed at diversifying banks…

Iranian banks’ progress in adapting to their financial statements with the new model set by the Central Bank of Iran was around 20-30% during the previous Iranian year (ended March 20), said a…

Minister of Economic Affairs and Finance has confirmed local media reports of an imminent South Korean $13 billion credit line to support Iranian projects–a measure, which if finalized,…