Economy

The Central Bank of Iran and the Ministry of Industries, Mines and Trade announced that starting next week, they will offer loans to both auto buyers and manufacturers. The announcement indicates…

Renault’s advisory board said on Friday it wants to strengthen its alliance with Nissan after the Japanese carmaker voiced concern over the French government increasing its voting rights in the…

Fiat-Chrysler Automobiles’ US unit said third-quarter earnings tumbled 89%, as recall costs eroded profit from booming Jeep sales.

Net income declined to $70 million from $611 million a…

Nissan is celebrating five years of the Juke crossover with something other than a bottle of bubbly and birthday cake.

Instead, the Japanese manufacturer decided to adopt the homegrown…

Jaguar Land Rover has reported its best ever sales in October, with a total of 41,553 cars sold in the month, an increase of 24% on October 2014.

Vehicle production in Iran has declined by 12.2% in the first seven months of the Iranian fiscal year (ended October 22) compared with the same period of last year.

A total of 284,472…

Iran’s banking sector will benefit from the removal of sanctions at the start of 2016 and lending growth will pick up in line with an improving economy, but a weaker rial and elevated inflation…

A study has outlined the poverty threshold with implications for housing affordability across Iran’s 31 provinces and shows the relationship between the median income of households and housing…

Central Bank of Iran has denied the existence of counterfeit 500,000 rial Iran Checks. Amir Shokri, head of CBI Money Printing Department, said that new 500,000 checks contain high-security…

Bank Day has loaned an unidentified domestic airline 884 billion rials ($29.5 million at the official exchange rate) for fleet renewal.

Central Bank of Iran has denied the existence of counterfeit 500,000 rial Iran Checks. Amir Shokri, head of CBI Money Printing Department, said that new 500,000 checks contain high-security…

Sanctions relief will allow Iran to reconnect to international financial markets, import previously restricted goods, expand export markets and receive greater foreign direct investment.

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Brokerages will not pay value added tax anymore on their trading and clearing services, said Mostafa Haqiqi Mehmandari, a member of Bourse High Council, on Wednesday.

The French FIVES Group and the Iranian Mines and Mining Industries Development and Renovation Organization signed an agreement on establishing a joint aluminum anode production company through…

In preparation for foreign investment, the administration of President Hassan Rouhani, including the Securities and Exchange Organization of Iran and other state bodies, has set up…

Tehran Stock Exchange’s benchmark inched up 4 points or 0.01% during the week that ended November 4 compared to the previous trading week to settle at 62,927.

According to TSE data, the…

Tehran and Belgrade agreed to establish a joint commission to pave the way for increasing bilateral economic and trade cooperation during a meeting between Iran’s Minister of Industries, Mining…

Iran’s export of technical and engineering services to Iraq has been hit hard in recent years due to the security situation in the neighboring country and Baghdad’s credit crunch caused by falling…

Iranian families living in urban areas spent an average of 234.865 million rials ($7,831 at official exchange rate) over the past Iranian year (ended March 20, 2015).

The figure registers a…

Deputy President of South Africa Cyril Ramaphosa is due to arrive in Tehran on Saturday at the head of a 160-member trade delegation, announced deputy foreign minister for Arab and African affairs…

Shatel Internet, Iran’s oldest ADSL provider, has announced at a press conference that it can now offer users 100 Mbps to 300 Mbps Internet connections.  The group’s President Mohammad Hassan…

Following a week of disturbances for both ADSL Internet and mobile Internet services, the country’s minister in charge of the sector has officially apologized.

Mahmoud Vaezi, the…

Toyota is investing $1 billion in a research company it is setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker’s determination to lead…

Unification of foreign exchange rates is now viable and official exchange rates are now closer to the free market prices, CEO of Parsian Bank, Kurosh Parvizian said, the Trade Promotion…

The first phase of loans to help Iranians buy domestically-manufactured products will be launched in cooperation with the Central Bank of Iran next week, an official with the Ministry of…