Economy

An automotive exhibition on cars and auto parts opened in the northern Iranian province of Gilan on Wednesday. The groundbreaking show in the Caspian Sea region is hosting over 65 pavilions…

General Motors is planning to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture that will be built and sold under…

The last two weeks witnessed a perceptible change in the housing market, following an increase in public demand for homes. Most home dealers are attributing the shift both to “public reaction” to…

President of Iran-Iraq Chamber of Commerce Yahya Ale Es’haq has hailed the adoption of a unified foreign exchange rate regime as ideal for the economy.

“An exchange rate of 30,000 rials for…

Given the rising non-performing loans Iranian banks have been struggling with in recent years, an official with the Ministry of Justice has come up with an idea that could help prevent bad debts…

The minister of industries, mining and trade has finally got his way on foreign exchange overdue debts owed mostly by Iranian manufacturers.

Foreign exchange debtors have been given three…

The Central Bank of Iran on Tuesday urged all credit institutions to update the list of their foreclosed assets and properties every three months. The institutions now need to provide the CBI with…

Around 48.5% of the jobholders in Yazd Province are employed in the industry sector and the central province’s unemployment rate stands at 7.8%, according to last Iranian year’s (ended March 20)…

A memorandum of agreement in the field of agriculture was signed between Iran and Kazakhstan by the head of Agricultural Jihad Organization of Mazandaran Province Delavar Heydarpour and the Head…

An Iranian trade delegation will visit Pakistan in August to address issues related to bilateral trade and investment and explore opportunities following the nuclear deal reached between Iran and…

A report by the Trade Promotion Organization of Iran indicates that the trade deficit with Turkey during the first five months of 2015 declined $44 million compared to the preceding five-month…

Tariff systems in the post-sanctions era will be aimed at supporting producers by preventing excessive imports, says deputy minister of industries, mining and trade Mojtaba Khosrotaj.

Just a few days after hosting a historic deal between Iran and the world powers on Tehran’s nuclear program and lifting sanctions, Vienna has been the venue for deals of a different kind.

The weeklong losing streak at Tehran Stock Exchange eventually came to an end on Tuesday after TEDPIX notched up 48.1 points or 0.07% to close at 66,489.5.

Recent research has found that retailers who offer in-store WiFi are seeing the benefits with an increase in their bottom line and sales.

IHL Research carried out program into the use of in…

MTN-Irancell, the second largest mobile operator in Iran, has upgraded its telephone and Internet networks in the city of Hamedan, midwest Iran.

At an event held on Sunday in the city, the…

Iran has tapped international debt markets exactly twice in the past three decades. Those bonds, worth a total of €1 billion, have long since disappeared from traders’ screens, having matured…

Borrowers that have foreign exchange debt to the banking system were given three months to repay their debt, the central bank announced on Monday.

The Central Bank of Iran has banned commercial banks from providing loan collateral for their subsidiary companies. The ban targets one important aspect of the non-banking activities of banks…

Hossein Abdoh Tabrizi, advisor to the minister of Roads and Urban Development for financial affairs, called on the government to deregulate foreign exchange rates instead of applying a fixed…

Minister of Roads and Urban Development Abbas Akhoundi has urged banks to collectively raise their lending to 500 trillion rials ($17 billion at official exchange rate) for the controversial Mehr…

It is well over a year that sugar imports were banned due to domestic producers’ complaints. Yet according to a report by Reuters, about 150,000 tons of Brazilian sugar was imported in the days…

The Central Bank of Iran reported a 15.6% increase in the goods and services Consumer Price Index for urban areas in the 12-month period ending July 22, which marks the end of the fourth Iranian…

More than 26,000 tons of goods worth $35 million were exported via Razi-Kapikoy border with Turkey, near the city of Khoy in East Azarbaijan Province, during the first quarter of the current…

A memorandum of understanding was signed between Afghanistan and Sistan-Baluchestan’s chambers of commerce in a meeting attended by director of Afghanistan Advisory Board of National Entrepreneurs…