Economy

Bank Saderat Iran is to open several financial advisory centers to support production and investment, said Esmail Lalegani, the bank’s CEO, according to akhbarbank.com. He told reporters that in…

Figures published by the Ministry of Roads and Urban Development in a recent report on housing affordability threshold contradict market reality, a senior economist told the banker.ir website.

The Central Bank of Iran has sent a notice to automakers and dealers, asking them to watch for the limited number of car loans available.

In a letter to the Ministry of Industries, Mine and…

Central Bank of Iran has issued permits for 410 bureaux de change, director of CBI’s Licensing Department, Hamidreza Azargoun said.

About 5 million tons of potatoes and 2.1 million tons of onions are expected to be produced this crop year, according to an official with the Agriculture Ministry, Hassan Khadangi. “Some 200,000…

Iranian commercial attachés will soon be dispatched to Germany, Italy, France and Spain, says an official with the Trade Promotion Organization of Iran. Up until now, 21 commercial attachés have…

To tackle unemployment and achieve sustainable economic growth, small- and medium-sized enterprises should be propped up, says deputy minister of cooperatives, labor and social affairs.

The Seventh Conference of Directors of Caspian Sea Ports is scheduled for November 16-17 in Amirabad Port Special Economic Zone located in Mazandaran Province. Representatives of Russia,…

Iran will need $1 trillion to reach its 8% annual growth target as per the sixth five-year development plan, Presidential Advisor Akbar Torkan said last week.

Some 250,000 tons of pistachios are expected to be exported by the end of the current Iranian year (March 19, 2016), according to an official with the Agriculture Ministry’s Horticulture…

Some 37 million tons of goods were loaded and unloaded in Shahid Rajaei Port, Iran’s biggest Persian Gulf trade port, during the seven-month period ending October 22,with non-oil commodities…

Iran Khodro Diesel is now set to produce a six-ton truck name Arna in the near future, as part of a long-awaited deal with Germany’s Mercedes-Benz.

As the week progresses, more and more car manufacturers are voicing their willingness to take part in the new auto loan scheme that has given a boost to car sales.

The Chinese Voleex C30…

As the new auto loan scheme enters its fifth day, more than 100,000 people have signed up for the new scheme, according to a new report.

Iran Khodro Company, the country’s top car…

Press and local dignitaries attended a ceremony this week to unveil the new Chery Tiggo 5 sport utility vehicle that will be launched in the local market later this week.  The new Chinese-…

Russia is considering providing two loans worth $7 billion (£4.61 billion) to Iran, Russian Energy Minister Alexander Novak said in Moscow on Thursday.

Three British, French and Swiss insurance companies have obtained the Central Insurance of Iran's approval for opening representative offices in Iran, according to a senior insurance official.

Export Insurance Agency of Armenia and the Export Guarantee Fund of Iran signed a memorandum of understanding on the sidelines of an Iran-Armenia business forum in Tehran on November 9.

The Central Bank of Iran has announced plans to unify multiple bank accounts held by individuals or entities, a senior official with the bank announced.

All tranches of frozen assets to be transferred to Iran related to the Geneva Interim Agreement on Iran’s nuclear program have been received, said Hussein Yaqoubi, director of Central Bank of Iran…

The copper industry is currently the most profitable sector to capitalize on compared to other base metals, says an official with the National Iranian Copper Industries Company, calling it a haven…

On the shores of the Caspian Sea, an ambitious project is underway to produce a pricey delicacy that could boost Iran’s economy as sanctions ease: caviar.

The government plans to exempt all mines across the country from 10% of their dues in mining royalty, says Deputy Minister of Industries, Mining and Trade Ali Asghar Tofiq. According to the…

The Iranian government is raising 180 trillion rials ($5 billion at market exchange rate) by selling Ejareh Islamic bonds, says deputy economy minister and the country's treasurer, Seyyed…

Tehran Stock Exchange’s benchmark gained 129 points or 0.21% during the week that ended November 11, compared to the previous trading week to settle at 63,056.