Economy

Iran’s largest scrap car recycling plant was inaugurated in Zanjan Province last week.

Inaugurated by deputy minister of industries, mining and trade, Mansour Moazzemi, the Fuka San’at…

International credit cards, namely Visa and MasterCard, were slated to enter Iran, but they didn’t. 

The imposition of nuclear sanctions against Iran had made the official sales of…

Tehran Stock Exchange’s main index inched up 10.90 points or 0.01% to end Sunday trade at 76,827.7.

More than 610 million shares valued at $44.5 million changed hands for the day.

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A third-party telecoms support firm, Mobiro has teamed up with the two biggest mobile network operators in Iran to offer in-flight roaming on dozens of international airlines, according to a press…

Samsung's largest sales center opened in central Tehran last week. The store in the new Charsou Shopping Mall has been set up over an area of 820 square meters – making it the biggest of its kind…

Amazon, the US’s biggest online shopping portal said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities…

Central Bank of Iran's Governor Valiollah Seif is expected to discuss an earlier agreement between Tehran and Baku on opening settlement accounts with his Azerbaijani colleagues in Baku, an…

After the banking system, insurance companies are next in line to conform their financial statements to International Financial Reporting Standards, with Iran Insurance Company leading the way.…

The head of Iran Chamber of Commerce, Industries, Mining and Trade has advised the governments of both Iran and Sweden to focus on improving banking ties to further develop economic ties.

Due to the importance of social rights and the necessity of banks to recover their non-performing loans, about 3,850 individuals have been put on the no-fly list and more than 4,400 have been…

Lack of proper supervision on interbank market operations has caused a considerable surge in interest rates, said the head of Majlis Economic Commission.

“Reports suggest that the interbank…

Since the beginning of the current Iranian year (March 20, 2016), up to 850,000 marriage loans have been allocated to couples, announced the head of Central Bank of Iran’s Credit Department.”…

Limiting iron ore exports will weaken the already struggling domestic miners and cause Iran to lose its foothold in established export markets, the head of Iranian Mines and Mining Industries…

More than 150 million square meters of tiles and ceramics in excess of demand are currently piled up in warehouses across the country, according to chairman of Iran Ceramic Producers Syndicate,…

More than 23,000 tons of eggs were exported in the seven months to October 21, 2016, which were halted after the outbreak of bird flu on November 2, the head of the Union of Producers of Egg-…

The first Internet marketplace called Cheegel has been launched with the objective of indexing, introducing and exporting Iranian products, the CEO of the Export Development Bank of Iran’s…

Close to 118.9 million tons of goods were loaded and unloaded in Iranian ports during the 10 months to December 20, 2016, registering a 9.4% increase compared with the corresponding period of…

Fars Province has attracted about $1.8 billion worth of foreign investments since the beginning of Hassan Rouhani’s presidential term in August 2013, according to the provincial governor general…

Iran has one of the longest histories of medical practice in the world. 

The ancient Mesopotamians, for example, were carving diagnoses and prescriptions into stone…

Iranian customers still prefer local flat steel and show little interest in buying the imported stuff.

Prices for hot rolled coil offered by Russian steelmaker Magnitogorsk Iron and Steel…

Tehran Stock Exchange’s main index added 24 points or 0.03% to end Saturday trade at 76,816.8.

More than 769 million shares valued at $45.7 million changed hands for the day.

Amir…

There are no cars that could replace SAIPA’s Pride or Iran Khodro’s Peugeot 405, says a deputy at the Iran Standard and Quality Inspection Company (ISQI). This is mainly due to the fact that there…

Renault’s profit surged 38% in 2016 after the French carmaker gained market share in Europe with an expanded lineup of sport utility vehicles and upgraded models like the Megane hatchback.

Several videos have emerged online purporting to show Iranian-made Peugeots being broken into with astonishing speed. Dozens of videos uploaded to Iran’s local video upload website aparat.com show…

Barez Group will produce 150,000 tons of tires annually by 2021, the company's CEO told a press briefing in Tehran last week.

Barez Industrial Group is a local tire manufacturer with a…