Saipa, the second biggest Iranian carmaker, plans to manufacture Elysee in a joint venture with France's Citroen.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Car enthusiasts and professionals await the opening of Frankfurt Motor Show this week, as the industry emerges out of a long crisis in Europe, but warily eyes slowing demand in China.
Economy
Bahman Group, a manufacturer that produces vehicles under license by Mazda, is looking to increase its offering by working with heavy vehicle companies.
Mohammad Reza Soroush, CEO of the…
Economy
Iran Khodro Industrial Group sold 44,000 vehicles from July to August, 2,500 vehicles more compared to the same period of last year. IKCO's Marketing and Sales Deputy Manager Mostafa Khankarami…
Economy
The Ministry of Roads and Urban Development will settle 10 trillion rials ($330 million at the official exchange rate) of contractors' overdue payments through treasury bills, the minister said…
Economy
The Central Bank of Iran has managed to reduce the number of bank branches inside the country by 250, a CBI official announced on Tuesday.
“So far 250 bank branches have been deactivated…
Economy
As the economic and banking sanctions begin to fade, Iranian banks can reopen overseas branches which can and should support commerce with the outside world, however, the move would, among other…
Economy
The dog days of summer are coming to an end but there is no tangible upswing in the dormant real estate market. The recession-plagued industry has been awaiting relief after the price bubble burst…
Economy
Capital adequacy ratio of Mehr Iran Qarzol-Hasaneh Bank is 21% and the bank is planning to increase lending ceiling from 150 million rials ($5,000 at official exchange rate) to 200 million rials…
Economy
Ghadir Vehicle Leasing Company’s profit per share reached 238 rials, realizing 46% of company’s projected earnings. The company had predicted a 521 rials profit per share for the fiscal year…
Economy
Some 2,500 tons of unshelled walnuts valued at $16.7 million were exported in the first five months of the current Iranian year (started March 21), which shows a 15-fold hike in volume and a…
Economy
Agricultural exports to Iraq are no more viable as the country’s fruit and vegetable market is already saturated, said Ilam Province’s deputy governor for coordination of economic affairs and…
Economy
An international Iranian halal food brand will be established in the upcoming months, said the head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture at the Sixth Exhibition of…
Economy
Eight years after the Ministry of Culture and Islamic Guidance approved the first-ever domestic production of video games, the industry is warming up to the prospect of making its international…
Economy
Iran Mercantile Exchange featured close to 310,000 tons of various commodities on its trading floors on Tuesday.
Economy
An increasing number of international investors are preparing to trade Iranian stocks once economic sanctions are lifted, according to the head of the bourse in Tehran.
Economy
Tehran Stock Exchange’s downward trend continued on Tuesday as it shed 456.50 points or 0.72% to end at 62,356.5.
Economy
The 2016-17 budgetary directives indicate a tight fiscal policy that is contradictory to the inflation-reducing monetary policy since only current expenditure absorbs the growth in the budget.
Economy
The expansion of mobile telecommunications market can be achieved by facilitating the activities of mobile virtual network operators, the head of Communications Regulatory Authority said.
…
Economy
A company in the city of Zanjan has signed a memorandum of understanding on technology with a Swiss company to exchange information and experiences and to implement joint projects.
Economy
Microsoft has begun sending out media invitations for an event it plans to hold in New York City on October 6.
The invitation only says that the press will get to see new Windows 10 devices…
Economy
A new technology event called Tosan Innovation Challenge has been announced on local technology websites. The event is hosted by Tosan Boom, in association with local banking group Tosan Negin…
Economy
It is a rough time for Iran's steel industry as it is grappling with low domestic demand, shortage of liquidity, high production costs and the unwelcome imports of low-quality Chinese steel…
Economy
Head of Securities and Exchange Organization of Iran, Mohammad Fetanat gave a speech as a keynote speaker at the so-called 'IFN Issuers Forum 2015' hosted by REDmoney – a leading company…
Economy
More than 303 million securities were traded in 13,232 transactions valued at $45.65 million at Iran Fara Bourse with the benchmark falling down 9.88 points or 1.4% to close at 696.16. According…
Economy
