Economy

Iran Khodro (IKCO) and PSA Group's new joint venture IKAP will reportedly sell Peugeot's 2008 crossover for 900 million rials ($24,000), the local automotive website Persian Khodro said without…

The National Land and Housing Organization of Iran is to build more than 100,000 residential units as part of the Comprehensive Housing Plan and create funds to finance the housing sector in…

In its 30th meeting held in Kuala Lumpur, Malaysia, the Council of the Islamic Financial Services Board approved the Guiding Principles on Disclosure Requirements for Islamic Capital Market…

Polish and Iranian lenders need host each other’s bank branches to normalize banking ties between the two countries, the Polish deputy minister of economy said.

“That would not only boost…

In the aftermath of sanctions removal as a result of Iran's nuclear deal with world powers –formally known as the Joint Comprehensive Plan of Action–the administration of President Hassan Rouhani…

The four years of deep recession in the housing sector are predicted to end by the second half of the current Iranian year (September 2017), the head of Tehran Association of Realtors said."…

A compost factory was launched on Wednesday in a ceremony attended by First Vice President Es’haq Jahangiri in the city of Dezful in the southern Khuzestan Province.

“The factory has the…

Minister of Roads and Urban Development Abbas Akhoundi inaugurated on Thursday a 114-km suburban railroad from Tehran to the city of Garmsar in Semnan Province. He was quoted as saying by Mehr…

Economic ties between Iran and Singapore have ample capacity to expand, given Iran’s access to the 300-million market of Singapore and its neighboring countries.

Iranian Minister of…

Iran Aseman Airlines says negotiations with Japan’s Mitsubishi Aircraft Corp. on the purchase of passenger jets are continuing, despite having signed a new agreement with Boeing on the purchase of…

Trade between Pakistan and Iran is at the lowest ebb, as Pakistan’s exports alarmingly plunged to $318 million in 2015-16 from $1.32 billion in 2008-09, confirming that the Preferential Trade…

The Iranian National Tax Administration collected 13 trillion rials ($342.1 million) from new taxpayers in the last Iranian year (March 2016-17), according to INTA’s chief, Seyyed Kamel…

The European Commission has decided not to impose preliminary anti-dumping duties on hot rolled coil imported from five countries, including Iran, and sent official papers on the issue to the…

The Iranian flat steel import market has been largely inactive for the most part of the week that ended April 5 due to long holidays to ring in the Iranian New Year (started March 21).

Most…

Iran- and India-origin basic pig iron with a high manganese content has been offered to Italy, as Ukraine’s absence from the market since late February continues.

Basic pig iron from Iran…

Expectations announced last year by Iranian billet sellers to improve their presence in export markets have been fulfilled.

Favorable market conditions along with lower competition with…

The first production phase of South Rohina Steel Complex was inaugurated on Wednesday by First Vice President Es’haq Jahangiri and Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh…

The 12th RoboCup IranOpen concluded on Friday with hundreds of enthusiasts testing their hardware against international rivals.

According to the RoboCup website, the event’s aim is to…

The Telecommunications and Information Technology Ministry says it has plans to improve and expand the key sector by offering incentives and tax exemptions to technology related business, Mehr…

Bank Saderat and MTN-Irancell — the second largest Iranian mobile operator — unveiled new services based on Near Field Communication (NFC) in the northern port city of Bandar Anzali on the Caspian…

Banks' lending rates are still high and the government is making efforts to lower the lending rates in line with the inflation rate, said the Central Bank of Iran's governor.

"Since we…

The government has cleared 132 trillion rials ($3.5 billion) of its arrears to the banking system while increasing its capital to public-sector banks by 242 trillion rials ($6.4 billion) , said…

Contrary to recent reports, Iranian banks have not gone bust but are in fact mired in faulty regulations, the secretary-general of the Private Banks and Credit Institutions Association said.”The…

After the implementation of Iran's nuclear accord with world powers, the country has negotiated its way to attract $50 billion worth of foreign finance expected to flow into the country soon, a…

Two pellet-making plants with production capacities of 5 million and 2.5 million tons per year and located in Sangan Mineral Zone will start production in the Iranian month of Ordibehesht (April…