Economy

The Central Bank of Iran and Iran Chamber of Commerce will support the formation of the National Association of Leasing Companies by merging the existing unions to help lift the leasing sector.

The Minister of Roads and Urban Development has announced plans for renovating the air transport fleet through rent-to-buy leasing contracts.

Banks lent different sectors a total of 1.6 quadrillion  rials ($53.4 billion at the official exchange rate) in the first half of the calendar year (started March 21), marking an increase of…

Iranian insurance companies paid 57.7 trillion rials($ 1.9 billion at the official exchange rate) in claims settlement to policyholders during the first six months of the calendar year (Started…

The goods and services Consumer Price Index for rural areas in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, increased 12.7% compared with last year’s…

Authorities have shut down a counterfeit KFC fast food restaurant in Tehran. “No license has been issued for KFC or McDonalds, as the two US brands have not declared any intention for starting…

More than 170,000 tons of wood valued at $86.7 million were imported in the first six months of the current Iranian year (March 21-September 22), showing an increase of 25% in volume and 13.7% in…

During the past many months, much has been said by Iranian officials about the necessity of attracting foreign direct investment in the post-sanctions era.

President Hassan Rouhani…

Iran does not seek to import German consumer goods, but is interested in joint production with the European country, said managing director of Germany-Iran Chamber of Industries and Commerce.

Iran’s non-oil foreign trade during the first seven months of the current Iranian year (started March 21) stood at about $48 billion, according to the latest report by the Islamic Republic of Iran…

Tehran Stock Exchange snapped its three-day downward trend on Wednesday, as TEDPIX gained 115.80 points or 0.18% at the day’s close to settle at 62,927.4.

Iran Mercantile Exchange’s export trading board witnessed 500 tons of super bright polyethylene terephthalate and 506 tons of TG641 polyethylene terephthalate supplied by Shahid Tondgooyan…

Iran’s industrial sector contracted more than 1% in the first half of the current fiscal year (started March 21).

The sector generates over 40% of Iran’s gross domestic product and its…

If the present progress is maintained, the historic deal between Iran and world on Tehran’s nuclear program could see the unfreezing of overseas assets and the removal of most sanctions on Iran as…

State-run Steel Authority of India Limited, also known as SAIL, would supply rails for the major railroad network expansion plan in Iran.

SAIL has bagged an export contract to supply about…

CEOs of three Italian steel and aluminum giants have proposed investment in Iran’s steel and aluminum sectors. This was announced by their heads in a meeting with Deputy Minister of Industries,…

Daimler is looking to revive assembly and manufacturing operations in Iran, as it continues to hold discussions with its former local partners in hopes that sales opportunities there could help…

Once terrorists groups are pushed out of Syria's key regions, Iran Khodro Company will resume production in the embattled region, the deputy CEO for exports at Iran's largest vehicle manufacturing…

Iran Khodro Diesel Company will soon be presenting a new truck with a capacity of 6 tons named Arena, said the company's CEO.  

"Quality tests are currently being conducted on the…

Peugeot has officially agreed to Iran Khodro Company’s conditions for resuming mutual cooperation, Hashem Yekezare announced on Sunday.

Local auto company Azim Khodro has announced that it has begun leasing imported cars. The company has said customers will be able to pay for their 2016 model of choice in 6-12-month installments…

E conomists who believe in, and promote the theory of, boosting the housing industry as one of the effective tools to ease the long recession have criticized the new government’s stimulus package…

Iran welcomes the entry of foreign banks and their role in promoting banking technology advancement in the country, the Central Bank of Iran governor, Valiollah Seif, said Tuesday. Iran respects…

Lawmakers announced plans on Tuesday to address the problems facing Parand and Pardis cities’ – parts of the controversial Mehr Housing scheme in Tehran--, in cooperation with the ministries of…

As the western sanctions on Iran are getting out of the way, the sole funneling agency for India’s oil trade with Iran during the restricted period since 2012, is looking to expand business…