Economy

Geely Automobile Holdings plans to display the first compact car jointly developed with Volvo in March at Geneva auto show next March.

Geely and Volvo are both subsidiaries of Zhejiang…

The giant Indian holding company Tata has offered to invest in Iran's mineral and tourism industries, Eghtesad News reported.

The proposal was made during a meeting between the head of Tata…

The Central Bank of Iran has extended the repayment period to three years for loans granted to both farmers and agricultural institutions that are either adversely affected by natural disasters or…

The mortgage scheme for first-time buyers has received a strong reception from applicants with 1,600 accounts opened in Bank Maskan in the first three days since the plan was launched.

Minister of Economic Affairs and Finance Ali Tayyebnia said establishing more development banks can be a boon for Iran’s business environment since the main task of such banks is to finance both…

A central bank's mandate is to control inflation and maintain the value of a country's currency. For the Central Bank of Iran, those mandates have become mired with the government's policies and…

More than 2.84 million tons of crude steel were produced domestically during the first two months of the current Iranian year (March 21- May 21, 2015), nearly 2,000 tons more than production in…

Ever since January 2015, stock trading at Tehran Stock Exchange has been in tatters. A report released by the economic daily Donya-e Eqtesad shows that only on three occasions has the gloomy…

Governor of the Central Bank of Iran Valiollah Seif has ruled out any “hasty” action in confronting illegal financial institutions, saying the ordering of these institutions should be done…

Housing is one of the most vital sectors of the economy. The sector ranks first in terms of market value, leaving other sectors in the dust and impacting the investment market in many ways.

Fifty-seven grades of polymers were offered by 17 local petrochemical complexes at Iran Mercantile Exchange spot market on Tuesday, IME reported.

The government plans to purchase 7.7 million tons of wheat in excess by the end of the current Iranian year (March 19, 2016), according to deputy minister of agriculture jihad, Ali Qanbari.

Deputy minister of roads and urban development, Hamed Mazaherian, says a new “Comprehensive Housing Plan” will be implemented within the next 12 years with the aim of providing home to low-income…

The northeastern Khorasan Razavi Province accounts for 70 percent of Iran’s egg production, according to deputy agriculture minister, Jafar Hajimojtahed.

Many predict that Iran’s economy is poised for a significant growth no matter what the outcome of the ongoing nuclear negotiations between the country and the P5+1 group (the five permanent…

Increasing import tariffs on commodities listed in the preferential trade agreement with Turkey could give rise to smuggling, secretary of Iran-Turkey Commercial Cooperation Council, Seyyed Jalal…

In an aquaculture project between Iran and France, the first marine fish reproduction center is to be launched on Qeshm Island under the auspices of Iran Fisheries Organization affiliated to the…

Measures have been taken to allocate more funding to the Iranian National Observatory project in the current Iranian year (started March 21), Iranian Vice President for Science and Technology…

Iran and Pakistan inaugurated an international optical fiber project in a ceremony attended by Iranian Minister of Communications and Information Technology Mahmoud Vaezi.

Vaezi attended a…

The pilot phase of intelligent mailboxes has been launched in Tehran, an official with the Islamic Republic of Iran Post Company said.

According to IRIP’s deputy, Ibrahim Boodaghi, 11…

Britons are expected to bank on smartphones and mobile devices more than all other channels combined within five years after a fourfold increase in weekly mobile activity in the past year.

Deputy minister of industries, mines and trade, Hossein Aboui Mehrizi, has predicted the industrial and mining sectors will experience 6% growth by the end of the current Iranian year (to end…

Gholamreza Salami, a senior advisor to the minister of roads and urban development, has addressed the issue of converting Bank Maskan (Housing Bank) into a development bank, a move that can help…

Bank Saderat Iran is starting to sell its non-banking subsidiaries in response to a call made by the Ministry of Economic Affairs and Finance, as it seeks to increase its working capital.

An agreement was signed between the Association of Home Developers and the Ministry of Roads and Urban Development, which allows home builders to receive construction loans from commercial banks…