Economy

The services sector has received the biggest share of all bank credits allocated in the first nine months of the current fiscal year to Dec. 21, the latest data published by the Central Bank of…

Getting a share of foreign credit lines is easier for private-sector companies as, unlike state projects, they do not require a license from the Economy Council, said the Central Bank of Iran’s…

Iran Airports Company registered 38,343 takeoffs and landings in the Iranian month ending Dec. 22, which shows a 13% rise compared with last year’s corresponding period.

Close to 4.8…

The export price index for the ninth month of the Iranian calendar (Nov. 22-Dec. 21) stood at 285.9, registering a 3.4% increase compared to the preceding month and a 12.1% rise compared with…

To cover its widening budget deficit of 395.4 trillion rials ($8.98 billion) in the first eight months of the current fiscal year (March 21-Nov. 21), the government had to issue 106% more bonds…

Tehran Stock Exchange’s main index gained 326.63 points or 0.33% to end Wednesday trade at 98,923.5.

About 1.2 billion shares valued at $71.02 million changed hands at TSE for the day.…

Iran exported about $18.8 billion worth of industrial products in the seven months to Oct. 22, 2017, registering a 3.3% increase compared with the previous year’s corresponding period.

Turkey’s Customs and Trade Minister Bulent Tufenkci said Ankara will accelerate efforts to facilitate transit through Iran, especially to increase trade with Qatar.

Iran Chamber of Guilds has made it mandatory for its members to issue paper receipts for all wholesale or retail purchases as well as imported items. The announcement was made by the head of…

According to a report by Majlis Research Center, the research arm of the parliament, the government and public companies ran up a total of 6,250 trillion rials ($142.04 billion) in liabilities…

Iran Chamber of Commerce, Industries, Mines and Agriculture, in cooperation with the Thai Embassy in Tehran, plans to send a business delegation to Thailand in February.

Iran’s Ariana Tunnel Dam Company has signed a contract to build a border bridge in the Armenian town of Bagratashen, connecting the country to Georgia.

The contract was signed on Monday…

Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still…

SAIPA started presales of its latest hatchback model Quick on Tuesday.

The presales were to start last November, but at the time SAIPA boss Qasem Jahroudi said, “The presales are being…

As per a ruling issued by the Ministry of Industries, motorbike safety and quality standards have been upgraded and eight new standards have been added to the existing 17. All Iranian firms…

Iranian iron ore miners experienced a good year in 2017, as they became the sixth largest supplier of the material to China by shipping about 22 million tons to the world’s largest importer of…

Iran exported more than $3.03 billion worth of goods to South Korea during the nine months to Dec. 21, 2017, registering a 36% and 30% growth respectively compared with the corresponding period…

Iran’s semi-finished steel exports during the first nine months of the current fiscal year (March 21-Dec. 21) stood at 4.61 million tons, marking a rise of 80% year-on-year, the Iranian Steel…

The Majlis Joint Commission has allowed the government to gradually remove 33 million people from the list of cash subsidy recipients in the next fiscal (March 2017-18).

A lawmaker said…

Tehran Stock Exchange’s main index gained 652.93 points or 0.67% to end Tuesday trade at 98,596.9.

About one billion shares valued at $49.90 million changed hands at TSE for the day.…

Iran Privatization Organization, the state-run entity overseeing the sale of state-owned companies, plans to divest the remaining stake of the government in major privatized lenders and thereby…

 The volume of investments made by the private sector in Tehran’s ailing housing sector in the first half of the current fiscal year to Sept. 22 has registered a 34.8% increase compared…

Iran’s Seventh Conference on E-Banking and Payment Systems will commence on Jan. 22 at Tehran’s Milad Tower and focus on innovation, new players in the electronic banking market and banks’ new…

The life insurance portfolio of insurers and its potentials have improved, in light of the number of people currently benefitting from its coverage, the head of the Central Insurance of Iran,…

Iran has 900,000 hectares under vegetable cultivation and produces about 28 million tons of different kinds of vegetables per year, making it the seventh and fifth in the world in terms of land…