Using Central Bank of Iran’s hard currency resources is the government’s only recourse to clear its debts to the banks and at the same time improve the lending power of banks, Abdolnasser Hemmati…
Economy
Valiollah Seif, governor of Central Bank of Iran will discuss Iran’s economy at the Council of Foreign Policy on April 15 in Washington, the council announced on its website. CFR is an independent…
President Rouhani said on Saturday his government is determined to and will settle the issue of providing housing for the low-income strata and resuscitate the economy.
Iranian and Turkish officials have agreed to launch a joint banking committee with four state-owned and four private banks from each country as members, marking a new chapter in banking and trade…
The Second Iran Mines and Mining Industries Summit: Exploration, Development and Investment will be hosted by the Iranian Mines and Mining Industries Development and Renovation Organization in…
The Iranian pharmaceutical market is predicted to be worth $3.31 billion in 2019, with a CAGR of 7.5%, from $2.35 billion in 2014, according to a white paper recently published by Tehran-based…
Tehran Stock Exchange’s main index TEDPIX lost 98.70 points or 0.12% to settle Saturday trade at 80,654.0. Copper, oil and gas as well as telecommunications companies weighed most on the benchmark…
Most impediments to Iran’s accession to the World Trade Organization have been political in nature, says Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh. He added that following…
Heading a 16-strong delegation, Andrew Wells, the head of Asia and Africa Committee of Hong Kong General Chamber of Commerce, arrived in Isfahan on Friday to discuss economic, commercial and…
During the closing ceremony of the 25th Iran-Turkey Economic Commission on Saturday, three memoranda of understanding, aimed at promoting bilateral ties, were signed between the two countries in…
The influx of trade delegations to Iran is continuing, as the country opens up in the new economic climate generated by the nuclear deal.
French auto group Peugeot Citroen last week received a license authorizing it to invest in Iran while the joint venture with Iran Khodro Company should be made next summer, with production…
New-car sales in Russia fell 10% to 125,917 vehicles in March, the smallest decline in 15 months, causing a leading business group in the country to forecast that the market is close to hitting…
Iran's tire industry has been one of the few remaining sectors in the wider automotive sector to not fall foul of the stagnancy afflicting car sales.
With this in mind, a national tire…
Western European car sales rose 5.2% in March, according to industry data provided by LMC Automotive.
New-car sales rose to 1.64 million, which are based on national registration data and…
A British-registered Hummer limo with the license plate "H2 XKX" has been banned from coming into Iran in Urmia, West Azarbaijan province.
The 8-wheel hummer luxury vehicle was stopped by…
A future fourth national car currently named "X409 Platform" will "rival European competitors" according to Hasem Yekezare, the CEO of Iran Khodro Company, Iran's largest national car producer.…
The first heavy goods vehicle groupage transport services from Europe to Iran are now being operated by DB Schenker—a division of German railroad company Deutsche Bahn AG that focuses on logistics…
The Ministry of Roads and Urban Development has sent a proposal to the government requiring builders to assure the functionality of their buildings for the first ten years. The plan would make a “…
The government is determined to settle its outstanding debts to banks in the current fiscal year (started March 20) or at the most by next year in order to augment the banks’ ability to offer…
Ministry of Roads and Urban Development is trying to sell some 118,000 apartments from the Mehr Housing project which so far have no buyers , said Ahmad Asghari Mehrabadi, deputy minister of…
Three new domestic insurance companies will soon start operations, said Rahim Mosadeq, Central Insurance company of Iran’s deputy for planning and development.
Malaysia’s External Trade Development Corporation, MATRADE, has urged Malaysian lenders to support domestic companies’ trade and investment in post-sanctions Iran.
Iran’s fairly large toy market is filled with 80% of Chinese products, leaving only 20% for domestic production.
A major problem Iranian toymakers complain about is the fact that there are…
Tehran Stock Exchange’s benchmark index, TEDPIX, lost 728 points or 0.89% during the week ending April 8 to close at 80,753.
More than 6.4 billion shares valued at $488.2 million were…
