Economy

Iran's top engineering and energy enterprise MAPNA Group on Monday unveiled an improved design of a gas turbine for use in domestic power stations as well as a major power…

SAIPA has taken the covers off its joint venture with Citroen, announcing that the first car to roll off the production line will be the Citroen C3 hatchback.

The joint venture created at…

The Competition Council has permitted domestic automakers to raise the prices of some cars, while there is no logical explanation behind such a decision, a council member said.

The joint venture between Iran’s biggest domestic automaker Iran Khodro and France’s Peugeot, IKAP, has launched a three-day sale of Peugeot 508 over the weekend, according to Iran Khodro’s…

Kerman Motor, a local auto manufacturer and official representative of China’s JAC, aims to grab a bigger market share by introducing new models. As revealed by domestic media outlets, Kerman…

Pars Khodro, a subsidiary of the second biggest Iranian automaker SAIPA, has finally agreed that the long-awaited Brilliance C3 SUV will hit the roads before the summer ends, the company’s CEO…

The consortium of Iranian insurance companies headed by Iran Insurance Company has paid €94 million as compensation for last year's conflagration that ravaged Bou Ali Sina Petrochemical Complex,…

Lenders in all provinces have been notified of the plan for paying 100 trillion rials ($2.66 billion) worth of loans aimed at renovating and rebuilding production units, the deputy industries,…

Bank fees and their forex income should be increased to lower the interest rates in the banking sector, the CEO of Export Development Bank of Iran said. “The Central Bank (of Iran) recently issued…

The Iranian Parliament, apparently heeding the warnings of its research arm, on Sunday approved a measure requiring the Management and Planning Organization to establish a comprehensive online…

Close to 235,000 tons of goods valued at 651 billion rials ($17.2 million) were exported from Bandar Lengeh in the southern Hormozgan Province during the three months to June 22, recording a %73…

Cotton boll production is estimated to increase by more than 12% to reach 180,000 tons in the current Iranian year (March 2017-18), up from last year’s 160,000 tons, the executive of the Cotton…

Turkish Minister of Economy Nihat Zeybekci met with top Iranian officials in Tehran on Saturday.

In his meeting with First Vice President Es’haq Jahangiri, Zeybekci called on the two sides…

The city of Sardroud in southwest Tabriz, East Azarbaijan Province, is considered the global hub of carpet tableaux production.

“The turnover of the industry in Sardroud, depending on…

A one-day conference was held in the Irish capital Dublin on July 6 to survey Iran's post-sanctions investment opportunities.

The event, organized by the Irish Republic's state-owned…

The Iranian Privatization Organization is planning to put the shares of four state-owned enterprises on sale at Tehran Stock Exchange and Iran Fara Bourse on July 31, IPO reported on its website…

Major Iranian mining companies produced 84.89 million tons of mineral products during the first quarter of the current fiscal year (March 21-June 21), registering a 9.49% growth compared to last…

Tehran Stock Exchange’s main index gained 103.80 points or 0.13% to end Sunday trade at 78,985.4.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About…

The Ministry of Communications and Information Technology has banned the import of 21 technological products, said Deputy Telecoms Minister Barat Qanbari, noting that all communication operators…

Iran’s Faculty of Applied Science of Post and Telecommunication hosted a three-day international workshop on Internet of Things in Tehran, which ended over the weekend.

The digital startup event called Seedstars World will be held in Tehran on July 15. According to the official website of the event, the top 10 startups from Iran will be invited to pitch in front…

Iran’s ancient city of Isfahan is set to host a new annual event on New Urban Technology on August 4-6 at the city’s International Exhibition Hall.

According to Isfahan Municipality News…

Iran's Petrochemical Commercial Company has opened an office in London to ease operations pertaining to attracting foreign finance and opening lines of credit.

The Ministry of Roads and Urban Development has devised a plan to build 686,250 residential units to meet the housing needs of the country in the current Iranian year (started March 20).

As part of an overarching policy of reforming the banking sector, the Central Bank of Iran has issued two executive directives concerning capital adequacy and international conformity standards…