Economy

The Islamic Development Bank is set to allocate €281 million ($320 million) for a project to develop wastewater networks in Mazandaran Province, the managing director of Mazandaran’s Water and…

As the capital from unstable countries in the region is flowing into Iran, a deputy economy minister said the government guaranteed foreign investments worth $12 billion in 2016.

Owing to the importance of bank interest rates for realizing the main goals of Iranian economy, decreasing the rates will play a significant role in the second term of President Hassan Rouhani’s…

The government plans to increase the area under greenhouse cultivation in Iran to 48,000 hectares within the next 10 years, a deputy agriculture minister said.

The first catamaran watercraft made in Iran will be delivered to Turkey within the next three months, CEO of Arvandan Ship Construction Company Hossein Qorbani said.

About 60 tons of non-oil products, mainly including licorice powder and herbal plants, worth $1 million were exported from Kohgilouyeh-Boyerahmad Province to Germany, South Africa and the Persian…

Italy-based Eusider has signed a long-term agency agreement with Iran Ferroalloys Industries Company, the biggest ferrosilicon producer in Iran, the Italian service center and trader company told…

The Tehran-North Freeway, connecting the capital city Tehran to Chalous in Mazandaran Province, will fully come on stream by March 2023, said Mohammad Saeedikia, the head of Mostazafan Foundation…

Azerbaijan has signed a $60-million contract with Iran to construct a rail terminal in the Iranian city of Astara, close to the common border.

It is part of a project to connect the…

Letters of guarantee worth 514 billion rials ($13.7 million) were issued during the first quarter of the current fiscal year (March 21-June 21), registering an 88% rise compared with the…

The average price-to-earnings ratio of Tehran Stock Exchange-listed companies stands at 6.9. This is while 16 companies at TSE have a P/E ratio of higher than 100 and another 16 are in negative…

Tehran Stock Exchange’s main index gained 181.40 points or 0.23% to end Saturday trade at 78,881.6.

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

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Major Iranian steelmakers exported 1.582 million tons of semi-finished and finished steel products during the first quarter of the current fiscal year (March 21-June 21), registering a 2% growth…

New-car registrations in Russia increased 15% in June, the fourth consecutive month of higher sales.

Registrations rose to 141,084 vehicles, the Moscow-based Association of European…

Iranian carmakers are set to develop ties with the countries of Eurasian Economic Union, a deputy industries minister said this week.

During a trip to Armenia, Mojtaba Khosrotaj also…

The Fourth Alborz Motor Show was held in Karaj from July 4-7 with many firms vying for buyers of their latest models.

Manufacturers of passenger cars, heavy goods vehicles, motorcycles and…

Iran’s Ambassador to Azerbaijan Javad Jahangirzadeh has said the first cars in a joint venture named Azeurocar are expected to be produced in late September.

The groundbreaking ceremony for…

Iran’s second largest auto manufacturing company, SAIPA, will start the production of five models in Algeria by the end of the current year, the company’s customer services director said.

Iran’s Valfajr Shipping Company is planning to establish a direct marine route from the Persian Gulf port of Bushehr to Qatar in the next two weeks. Abolqasem Mohammadzadeh, an official with…

The Central Securities Depository of Iran issued 31 new trading codes for foreign investors during the third month of the current Iranian year (ended June 21) to trade in Iran’s securities market…

The Central Bank of Iran is set to provide 200 trillion rials ($5.3 billion) to boost employment in the country in an agreement with the Ministry of Cooperatives, Labor and Social Welfare.

As the government's issuance of bonds has become a talking point in the controversy surrounding high interest rates, a deputy economy minister said although bond yields could affect bank rates,…

The meeting of chief executives of banks with the governor of the Central Bank of Iran on interest rates produced no result on Wednesday. CEOs of state-owned and private banks had raised the…

Deputy Industries Minister Mehdi Karbasian, who is also chairman of the Iranian Mines and Mining Industries Development and Renovation Organization, recently exchanged views on a wide range of…

Tehran Stock Exchange’s main index lost 4 points or less than 0.01% during the week that ended June 28 to close at 78,700.2.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX,…