Money and Credit Council -- the country’s highest monetary policymaking body -- has given its approval to lowering deposit rates as of Feb. 20, the Central Bank of Iran announced late Tuesday.
Economy
Economy
A German company will supply gantry cranes for use in the development of Shahid Rajaei Port in Iran’s southern Hormozgan Province, after winning a tender floated by the Ports and Maritime…
Economy
The Sixth Iranian Steel Market Conference, also known as ISMC 2016, convened on Wednesday—the second and final day—with international industry players holding specialized workshops and…
Economy
With the loosening of international sanctions against Iran this year, hopes have been high for a resurgence in foreign direct investment.
Economy
Tehran Stock Exchange’s main index TEDPIX gained 746.40 points or 0.97% to end Wednesday trade at 77,888.
More than 1.9 billion shares changed hands valued at $174.7 million.
The…
Economy
At Isfahan's 12th International Exhibition of Automobile Industry this week, the largest Iranian private auto manufacturer, Kerman Motors, started selling its latest model with a special offer.…
Economy
Iran's Customs Administration has proposed that car import tariffs should be calculated based on engine size and vehicle value.
According to the head of ICA's Tariff Evaluation…
Economy
European car sales rose 6.3% to 1.09 million vehicles in January, industry data showed, even as Volkswagen Group saw registrations of VW-brand cars fall 4% in the wake of the automaker's emissions…
Economy
A total of 79,853 units of passenger cars and pickup trucks were produced in Iran during the 30-day period ending January 20, said Amirhossein Qanati, the automotive deputy of Iran's Ministry of…
Economy
The resolution of financing and insurance issues faced by Iran could open the gate to many areas of cooperation with German businesses, said the head of Tehran Chamber of Commerce, Industries,…
Economy
Iran exported more than 76 tons of saffron worth $160 million to 47 countries during the 10 months ending January 20, said the head of Khorasan Razavi Saffron Exporters Association.
Economy
Economy
A meeting between economic players from Iran’s Khuzestan Province and a visiting Omani commercial delegation was held in the provincial capital city Ahvaz on Monday.
Economy
A joint venture between the Islamic Republic of Iran Shipping Lines and German shipping company PWL will commence in March as part of a memorandum of understanding signed during a visit by IRISL…
Economy
Its economy is growing faster than almost any other in the Middle East, its bonds pay twice as much as Russia’s and Turkey’s, and it has reined in runaway inflation.
Iran is proving a draw…
Economy
Controlling a hazard at its source is the best way to protect people from injuring themselves or others. Investment on personal protective equipment would partly serve this purpose.
PPE…
Economy
Iran’s second exclusive exhibition in Iraq opened on Tuesday. More than 100 Iranian companies are taking part in the event in commercial, industrial and hygienic fields, IRNA reported.
Economy
Iranian stocks retreated on Tuesday after a small uptick on Monday, as the correction in equity markets continued despite talks between Saudi Arabia and Russia to cut crude output for sending oil…
Economy
The governor of the Central Bank of Iran has called for joint meetings between Iranian and Japanese banks to improve relations and enhance financial and commercial cooperation.
Economy
The move to unify foreign exchange rates is now plausible if certain conditions are met, Head of Tehran’s Chamber of Commerce said.
Economy
Minister of Economy Ali Tayyebnia says lowering deposit rates to 18% is "doable" and that interest rates will definitely be lowered.
“In tandem with the decrease in inter-bank…
Economy
The US sanctions that are still in place are negatively impacting the risk appetite for Iran-related business, according to 85% of London market insurance professionals.
This is according…
Economy
China will move nearly 10,000 people to make way for the world's largest radio telescope that promises to help humanity search for alien life, state media reported on Tuesday.
The 500-meter…
Economy
Toshiba said on Tuesday it was not considering withdrawing from personal-computer production and selling its Hangzhou factory in China. The comment by a Toshiba spokesman followed a report by the…
Economy
A new online platform has been launched that allows users to find the "best" website from among the thousands in different fields.
Registered as Brandsanj.ir, the website allows users to…
Economy
