More than $3 billion were invested by the private sector in Aras Free Trade and Industrial Zone during the first half of the current Iranian year (started March 21), said the managing director of…
Economy
About 2.8 million tons of goods worth $1.4 billion were exported to Iraq via Parviz Khan and Khosravi border terminals in Qasr-e-Shirin County, Kermanshah Province, during the first half of the…
Espite the Money and Credit Council’s directive in May to increase the ceiling for car loans to 150 million rials ($5,000 at the official exchange rate) Iranian banks refuse e to comply.
President Hassan Rouhani in a speech to the UN General Assembly on Sept.28 heralded the Joint Comprehensive Plan of Action as a new chapter in Iran’s relations with the outside world.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the country’s central bank to streamline banking channels with Iran in order to facilitate bilateral trade as a…
First Vice President Eshaq Jahangiri has informed President Hasan Rouhani in a letter that 60,000 billion rials worth of Ijara sokuks (sale and lease-backed bonds) were issued to pay a portion of…
The Central Bank of Iran’s credit Manager, announced that marriage loan applicants who applied in the previous years will get the money soon. According to CBI’s Public Relations Office, Ali Asqar…
The Post Bank of Iran, National Development Fund of Iran’s agent bank, will finance private sector export with foreign currency to promote their businesses, the bank CEO said. Khosro Farahi said…
Despite the crisis facing Iran's car industry, the country aims to produce three million cars annually as part of a 10-year Vision Plan, a third of which will be exported, according to the…
Head of Iran's Management and Planning Organization Mohammad Baqer Nobakht and Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh toured Iran's largest auto manufacturing company on…
Iran Khodro Industrial Group has exported over 6,000 vehicles to international markets in the first half of the current Iranian year (started March 21), surpassing the car manufacturer’s export…
Renault and Chinese partner Dongfeng Motor will produce an electric vehicle based on the French automaker’s Fluence sedan at a factory in Wuhan in 2017, Renault said in a statement on Monday. The…
The second Europe-Iran Forum was held late last week in Geneva. It was attended by the leaders from Iran’s financial and commercial companies as well as a handful of government…
The International Monetary Fund's Article IV Consultation group has enjoined the Central Bank of Iran to revive the Oil Stabilization Fund to cushion the country's budget against oil price…
Iran Insurance Company Sunday hosted delegates from the British United Insurance Broker and Japanese insurer, Sompo. According to the public relations office of Iran Insurance, the visits aim to…
The former head of the Supreme Board of Iranian Certified Accountants Association claimed that government-owned banks, by holding 20% of non-performing loans, account for 600-700 billion rials ($…
A local analyst has warned about the adverse consequences of money outflow from banks if tax authorities gain access to depositors’ accounts, IRNA reported on Monday.
Potato chips enjoy strong consumer demand in many countries, including Iran.
The Persian daily Forsat-e Emrooz recently published a report on production of potato chips in Iran and…
Amid mounting hopes for economic prosperity following the removal of sanctions as part of the July 14 nuclear pact between Iran and six world powers, policymakers, economists and industrialists…
Kazakhstan, one of the world’s major grain exporters, has postponed the construction of the grain terminal on the Turkmen-Iranian border.
About 11.5 million tons of wheat were harvested during the first six months of the current Iranian year (started March 21), 70% of which were purchased by the government, announced advisor to the…
About 800 tons of eggs are exported every day mainly to Iraq and Afghanistan, said chairman of the Union of Egg Laying Hens of Tehran, Nasser Nabipour. According to the official, egg production is…
The 2nd conference on Iran’s distribution industry will be held in Tehran’s Milad Tower October 13-14. According to the Iranian Distribution Companies Association, the main themes that will be…
The equity market rout has curbed investors’ enthusiasm to shore up their portfolios, with shaky investors preferring to get rid of shares and Tehran Stock Exchange’s trading volume lingering…
With Iran looking to integrate its large iron and steel sector into growing global markets, Oman’s SOHAR Port and Freezone can play a critical role in reviving the sector, according to officials…
