Economy

The Majlis Research Center has released a report recommending policymakers to hold off further interest rate cuts, saying official decrees to control the money market will not help lift the…

The Money and Credit Council’s weekly meeting will not be held on Tuesday, November 24, akhbarbank.com reported Monday. MCC was expected to meet for a final meeting over cutting interest rates…

More than 500 million bank accounts exist in Iran with almost every citizen having about 4 to 5 accounts, said the head of Central Bank of Iran’s Payment Systems Department on Monday. According to…

Representatives of the Russian RUSAL aluminum company expressed their readiness to cooperate with Iran in the production of alumina powder from nepheline syenite.

Bank Keshavarzi Brokerage Company has stepped in as the first market maker for Islamic Treasury Bills, which debuted through Iran Fara Bourse early October to finance the repayment of the…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 2,200 tons of C hot-rolled steel sheets, 2,200 tons of B hot-rolled steel sheets, 1,000 tons of B cold-rolled…

Iranian steel producers have seen their production fall for the third consecutive month to 1.38 million tons in October, indicating a 4.4% decline compared with the corresponding period of last…

The Toyota Prius, the world’s first mass-produced hybrid gas-electric car, has been around for over 15 years and it’s finally getting an aesthetic makeover.

Iran Khodro Company, Iran’s largest auto manufacturing group, is participating in the Sixth Exclusive Exhibition of Iran in Tajikistan. IKCO has presented a range of models, including Dena, Runna…

Arian Motors, the official representative of Mitsubishi Motors Corporation in Iran, has started the sale of Mitsubishi Outlander 2016.

According to local automotive news website, Asre…

Volkswagen denied a report on Saturday that its sales have slumped since this month’s admission that it had understated the level of carbon dioxide emissions for some cars.

Iran Chamber of Commerce, Industries, Mines and Agriculture is taking preliminary measures for establishing a statistical center, says the head of ICCIMA’s Trade and Exports Enhancement Commission…

Iran and India plan to enhance export ties by expanding the Export Guarantee Fund of Iran (EGFI) and Export Credit Guarantee Corporation of India (ECGC) and increasing two-way trade.  

Lawmakers approved measured on Saturday giving Bodily Injury Indemnity Fund (BIIF) the status to be used as an emergency fund for auto third party insurance.

The legislation makes it…

Deputy Roads Minister Hamed Mazaherian said the government’s incentive package for pulling the housing market out of recession is yet to be unveiled,” ILNA reported Sunday. He said the package…

Officials from the Central Bank of Iran, Management and Planning Organization, and Ministry of Industries, Mines and Trade discussed implementation of the government’s plan to offer credit cards,…

Iranian demand for gold jewelry surged to a near two-year high in the third quarter as sentiment improved following Tehran’s signing of a nuclear deal with the six world powers in July.

The…

Increase in the number of uncertified credit and financial institutions over the past six years pose a major challenge to the Central Bank of Iran. The CBI is now determined to curb their growth…

The Netherlands’ Economic Minister Henk Kamp was due to arrive in Tehran at the head of a 60-member trade delegation representing the European country’s industrial, energy and agricultural sectors…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has called on the Ministry of Agricultural Jihad to begin importing quality silkworm eggs. The move will help “protect and…

The government is gearing up to implement the sixth five-year development plan (2016-21), bidding farewell to the Fifth Plan whose objectives, according to many experts, were not fully met.

Thailand seeks to increase trade with Iran to $2 billion a year, said Thai Deputy Commerce Minister Suvit Maesincee in a meeting with Iran’s commercial attaché to Thailand, Mohammad Ali Pakseresht…

Foreign nationals will soon be able to open bank accounts in Iran from abroad. The government is easing regulations for opening bank accounts for foreign nationals to increase investment in Iran,…

The Ministry of Agricultural Jihad has lifted a ban it had imposed on rice imports since October last year to protect domestic rice farmers during the production season.

As part of a decree…

Tehran Stock Exchange’s main index inched up 34.90 points or 0.06% to settle at 62,923.9 on Sunday.

Over 313 million shares valued at more than $18.8 million were transacted to record close…