Economy

Iran and France signed an MoU on expansion of agricultural cooperation.

Turkey imports Iran’s unprocessed decorative stones and reexports them under its own brands, said the head of Mining Engineering Organization. According to the official, Iran possesses significant…

Mazandaran is Iran’s second biggest mineral-rich province, said chairman of Mazandaran Association of House of Industries, Mining and Trade, Mohammad Naeiji, adding that the province’s mines have…

Iran’s flower exports have failed to live up to its potential, says head of Flower Producers Association. “Although Iran ranks 17th in global flower production, it ranks 107th in exports,”…

Many industrialized nations are switching to the affordable and clean solar energy, but what is the share of Iran in view of its high level of insolation, thanks to its geographical location?

At a meeting between the parliamentary deputy minister for foreign affairs of Japan, Kentaro Sonoura, and Iran’s deputy minister of economic affairs and finance, Mohammad Khazaei, in Tehran on…

Managing director of Iran Aseman Airlines has announced that two Boeing 737-400 are being made ready to enter the country’s air fleet. “All conditions and regulations of Iran’s Civil Aviation…

Applicants who deposit money in special housing funds will also be able to pre-purchase residential units, which is the main function of loans offered to first-time buyers, says a senior banking…

Central Bank of Iran has warned unauthorized financial and credit institutions against inflated certificate of deposit in exchange for property. Some unauthorized credit institutions offer higher…

Bank Melli Iran is offering loans to its current accounts holders and POS terminal users. BMI customers can take out loans approximately five times their average daily account balance, the bank’s…

Head of the Environment Committee of Tehran City Council has criticized banks’ increased investment in major building projects in the sprawling capital and warned against environmental degradation…

If the recent saga of woes crashing upon banks has had any hidden benefit for them, it should be the lessons they were taught in fair lending. After banks splurged the better portion of their…

Bank Mellat is willing to enhance cooperation with the oil and gas sectors, the bank’s CEO said.

Bank Mellat and the National Iranian Oil Company finalized a contract for the Kangan oil and…

In preparation for Iran’s economic momentum expected after the lifting of western sanctions in 2016, many foreign companies are heading to Tehran in search of lucrative business opportunities.

In the latest complication facing the much-hyped proposal to create a real-estate bourse, a senior government adviser argued that the heterogeneous nature of the housing market would restrict the…

More than 115,000 tons of commodities were offered on Iran Mercantile Exchange’s trading floors on Monday.

Tehran Stock Exchange’s downward spiral continued on Monday with the benchmark recording its lowest level in two years. The TEDPIX shed 225.20 points or 0.37% to end at 61,328.

Most experts and independent traders believe the stock market will remain flat for the remainder of the year before picking up in early 2016, with political and structural factors playing a prime…

More than 90 million securities were traded at Iran Fara Bourse on Monday valued at over $468.47 billion as the main index IFX retreated about 10 points or 1.48% to close at 672.12. Chahar Mahal…

Volkswagen AG ordered an external investigation after US regulators found software the carmaker designed for diesel cars gave false emissions data, CEO Martin Winterkorn said Sunday, adding he was…

Kia’s new Sportage, the fourth-generation of the sporty compact crossover, debuts in Frankfurt with a sport-inspired new look, a new sport-tuned transmission option, and a sport-styled GT Line…

Iran Khodro, the country’s largest vehicle manufacturer, will export Iranian cars to Tajikistan, according to a press release from the company.

Following earlier agreements between the two…

Auto production statistics released for the first five months of the current Iranian year (started 21 March) indicate that Iran's two leading carmakers, Iran Khodro and SAIPA, have produced 90% of…

A French delegation comprising 130 companies accompanied by the French ministers of foreign trade and agriculture, and agrifood and forestry are expected in Iran today. Representatives of car…

A new online system that will prompt drivers for their annual car road worthiness inspection has gone online.

With the new TID system, it is now possible to be informed of the expiry date…