MTN-Irancell, the second largest mobile phone operator in terms of subscribers, has announced it will deduct credit from its SIM cards that remain unused for three months.
Economy
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Economy
Iran’s Communications Regulatory Authority has released the ranking of leading ADSL Internet service providers and selecting Asiatech as the best.
ISPs are assessed on different variables…
Economy
The housing sector is languishing for a third consecutive year in recession with no respite in the foreseeable future.
Analysts like Hesam Oqbaei, head of Tehran Association of Realtors…
Economy
Tejarat Nou Insurance company will provide coverage for Iranian oil tankers in cooperation with foreign insurers, said the company’s CEO on Wednesday. Mehdi Sameri said his company plans to enter…
Economy
As the Central Bank of Iran is preparing to submit a report to the Money and Credit Council on another interest cut, a finance expert has called on the two monetary authorities to shift their…
Economy
Reviving banking and financial ties with Germany after the lifting of sanctions is a priority for Iran, Valliolah Seif, governor of the Central Bank of Iran said on Friday.
In a meeting…
Economy
A special committee for supervising interest rates will start work from Sunday Nov.22, announced Abdol Nasser Hemmati, head of the state-owned Banks’ Coordination Council on the sidelines of a…
Economy
Domestic production meets as little as 30% of the country’s need for paper and the rest is imported from Southeast Asian countries like South Korea, China and Indonesia, said advisor to Pars Rabin…
Economy
To boost exports and facilitate trade, Iranian and Turkish banking officials have arrived at a “bilateral payment arrangement” whereby the banking procedures between the countries will be carried…
Economy
A total of 2,000 billion rials (around $66.8 million at official exchange rate) will be granted to exporters in loans to promote exports, says advisor to the industries, mining and trade minister…
Economy
Investment in Shahid Rajaie Port was at the core of talks in a meeting between two executive managers of South Korea’s Hyundai Glovis shipping group and director general of Hormozgan Ports and…
Economy
Representatives of 1,000 Italian companies are scheduled to visit Iran in the near future, according to the head of Iran-Italy Chamber of Commerce. “The businesses will travel to Iran in…
Economy
A trade delegation from Spain’s Basque region, including owners and managers of 14 firms, were due in Iran on Saturday to explore investment opportunities in the country. The visiting firms are…
Economy
The Federation of European and Asian Stock Exchanges held its 21st annual meeting last week in the central Iranian city of Isfahan.
Tehran Stock Exchange hosted the event for the third time…
Economy
To counter the slump in steel industry, Iran Steel Producers Association recently published a letter and called on the government for more support.
Signed by more than 120 major players of…
Economy
Tose'e Melli Mining and Industries Company is raising 1.62 trillion rials ($45.8 million at market exchange rate) through the first-ever sale of Estensa Islamic bonds in Tehran Stock Exchange on…
Economy
Iran Mercantile Exchange’s oil and petrochemicals trading board saw 45,323 tons of bitumen supplied by Pasargad Oil Company and 37,100 tons of the same commodity by Jey Oil Refining Company on…
Economy
Geely Automobile Holdings said it will equip more than 90% of its models with alternative-energy powertrains in the next five years, the most ambitious plan by a Chinese carmaker so far to improve…
Economy
US authorities are investigating German auto supplier Bosch GmbH over its role in Volkswagen AG’s massive scheme to cheat US emission standards, according to people familiar with the matter.
Economy
Bogdan-Autotrade, distributor of cars manufactured by JAC and Iran’s SAIPA in Ukraine, will bring another low-cost Chinese car brand to the market–Zotye.
According to the press secretary of…
Economy
Kia’s best-selling car in the international market is the box-like Soul hatchback. It has sold 177,457 units of the Soul overseas from January to October, which places it on top of other models…
Economy
The vice president of the Central Insurance company of Iran has detailed the performance of the insurance industry in addressing natural disasters.
Economy
Foreign exchange rates will remain the same in next year’s budget bill (2016-17) with the USD at 28,500 rials, said the government spokesman Mohammad Baqer Nowbakht, reported IRNA. He pointed to…
Economy
Imbalances in the demand and supply of foreign currency were and still are a big hurdle to unifying exchange rates, a financial expert says.
“The government needs sufficient forex reserves…
Economy
Iran and Turkey agreed to use national currencies for two-way trade, said Iranian Trade Promotion Organization’s Trade Services director on Wednesday. Farhad Nouri said the agreement aims to…
Economy
