The amount of claims cleared by “engineering insurance” in the last fiscal year (ended March 20) increased by 37.6% to around 6 trillion rials compared with the previous year, the Central…
Economy
Opening up to the world with vision and foresight or hanging on to the cumbersome and visibly unsuccessful centralized systems is one key question for Iran’s economy post-sanctions. For countries…
The Money and Credit Council ratified a proposal for increasing the credit ceiling for Mehr Housing Scheme by 550 trillion rials ($18.3 billion at the official exchange rate) to 554 trillion rial…
Indian UCO Bank officials visited the central branch of Hekmat Iranian Bank in Tehran on Saturday to discuss ways and means to provide Hekmat clients with Visa and MasterCard services, Poolnews…
Managing Director of Tehran Builders’ Association seems to be looking more on the plus sides of his business and says housing prices will increase in winter.
A substantial part of the released assets frozen abroad and the potential increase in oil revenues will be used to promote banking and financial reforms, Minister of Economic Affairs and Finance…
The economic boost from the expected lifting of economic sanctions against Iran is leading the organizer of the world’s largest trade fair for plastics and rubber, Germany’s K Show, to strike a…
With the prospect of western economic and trade sanctions loosening their stranglehold on the Iranian economy, companies from all walks of industry worldwide are gearing up for the gold rush they…
The export of horticultural products is estimated to reach $2 billion in the current Iranian year (started March 21), said deputy minister of Agricultural Jihad, Mohammad-Ali Tahmasebi. “Last […
The past five months of the current Iranian year (started March 21) saw the exports of 922 tons of mineral water worth $216,000 to seven countries.
Iran has reclaimed its first ranking in world pistachio production in 2015, says head of Dried Fruit and Nut Exporters Union, Mohammad Hassan Shamsfard. According to the official, Iran’s pistachio…
Poland sent a high-level delegation, including pharmaceutical, chemical and railroad executives, to Iran on Friday, joining a string of western states hoping to exploit opportunities opened by…
Having fallen by more than 10% since the beginning of 2015 amid domestic economic woes and sagging global economy, Tehran Stock Exchange’s benchmark recorded a new low on Saturday, losing 155…
Iran Mercantile Exchange witnessed the offering of close to 62,000 tons of goods at its spot market on Saturday. The relatively low trade volume and value is widely attributed to the prevailing…
The Second Iran-Europe Forum convened on Thursday in Geneva, Switzerland.
Different types of oils are used globally for cooking and in various industries, including cosmetics.
Studies show a global inclination toward the use of plant-based oil derived from olive…
Hyundai is recalling nearly half a million midsize cars in the United States to replace the engines because a manufacturing problem could cause them to fail.
Suzuki Motor Corp said it has sold its entire 1.5% stake in Volkswagen AG to Porsche Automobil Holding SE and will post a special profit of 36.7 billion yen ($304 million) on the transaction.…
Iran and France's auto parts manufacturers' associations have signed a memorandum of understanding regarding automotive collaborations.
Volkswagen named company veteran Matthias Mueller its chief executive on Friday, as the German carmaker struggles to get to grips with a crisis over rigged diesel emission tests that its chairman…
Renault Pars, the local subsidiary of the French auto giant, unveiled a locally made Renault vehicle in a press conference.
The Sandero, which is the global version of the popular Dacia…
The Polish economy, one of the fastest-growing in Europe, posted very good results last year. According to statistics, GDP growth reached 3.4% in 2014. Our economic results in 2014 and the first…
The goods and services Consumer Price Index for urban areas increased 13.6% in the 12-month period ending September 22 compared to the same period of last year, according to the latest report by…
In a meeting between managing director of Iranian Tobacco Company, Mohammad Hossein Barkhordar, and regional director of the German Hauni Company, Hermann Karsnter, in Tehran on Tuesday, the two…
About 23 million tons of basic commodities such as wheat, rice, vegetable oil and sugar worth $8.3 billion were purchased by the government last Iranian year (ended March 20, 2015) to ensure food…
