Economy

Increased cooperation with the private sector has been high on the agenda of President Hassan Rouhani’s government ever since it came to power in 2013, in an attempt to lead the economy out of…

Wrapping up a volatile trading day in green, Tehran Stock Exchange recorded dramatic retreats in trade volume and value on Monday.

According to TSE data, TEDPIX extended its crawling upward…

A senior audit official refuted recent complaints by the chairman of the National Development Fund of Iran that the Central Bank of Iran has used the NDFI resources for investment purposes, saying…

Subsidizing hard currency to import goods cannot curb illegal imports but rather creates the groundwork for corruption and waste, director for Money and Capital Market of Tehran Chamber of…

Iranian banks and credit institutions hold the largest amount of assets ($518 billion) compared to other Islamic banks across the world, the chairman of Iran Banking Institute said at the weekend…

Gold prices in Tehran have experienced odd Sunday spikes for three weeks in a row. Despite dipping prices in global markets and the relative stability in foreign exchange rates, benchmark bullion…

A decision has been made and the resources are available for raising the ceiling of usury-free loans to small businesses but the necessary permission from the CBI is lacking, the CEO of Mehr Iran…

Managing director of the Cooperative Development Bank said Sunday the bank is willing to lend $1.3 million to knowledge-based cooperatives.  Muhamad Ali Sahmani told a meeting that banks have…

The insurance company ‘Ma’ introduced its new managing director on Monday who said he wants to boost the company’s capital by 150%. Majid Safdari replaced Muhammad Ali Alipoor who resigned last…

Auto manufacturers have to look for new strategies to deal with the grassroots campaign titled "No to Local Cars", as the deputy minister of industries denies any responsibility.

Maruti Suzuki, the joint Indian-Japanese automotive company, has announced it will be showcasing a latest vehicle in Germany's Frankfurt Motor Show this week.

Negotiations with major European car manufacturers have begun for the production of automobiles to join Tehran's taxi service fleet, according to the deputy mayor and director of Tehran Traffic…

Transportation and Fuel Organization plans to decommission 19,000 old vehicles by the end of the current Iranian year (March 19, 2016).

In the past seven years, only 1,200 heavy vehicles…

Attempting to export chicken and eggs to Russia is a mistake, says the chairman of the Union of Egg Laying Hens of Tehran. “Transportation costs and the significant distance, coupled with Russia’s…

In a meeting with a high-ranking delegation from Pakistan’s Punjab on Saturday, the head of Trade Promotion Organization of Iran put forth the idea of conducting transactions in leather, food and…

Iraq’s Minister of Finance Hoshyar Zebari visited Tehran on Saturday and met his Iranian counterpart Ali Tayyebnia to discuss bilateral trade and investment issues.

A 30-member delegation of Omani traders and business owners visited Hormozgan Province’s Shahid Bahonar Port on Friday.  Following their visit, senior managers of Oman’s National Ferries…

Tightening policing measures alone is not enough to curb smuggling, said the chairman of Khorasan Razavi Textile Industries Association, adding that producers should be incentivized to manufacture…

Grapes may not be as popular as oranges or apples but they have their own fans among Iranians.

To grow grapevines, most vineyards in Iran employ a traditional method in which the plant is…

Iran, China, Russia, the US, Brazil and South Africa are the only countries to tap into electric arc furnace technology in their blast furnaces, said the caretaker of Kashan Governor’s Office…

A bumpy ride at Tehran Stock Exchange on Sunday ended with TEDPIX picking up 9.6 points or 0.01% to close at 64,506.6.

Close to 51,000 tons of vacuum bottoms from four local suppliers were offered on Iran Mercantile Exchange’s oil and petrochemical trading floor on Sunday.

As IME reported, the floor also…

CEO of National Iranian Copper Industries Company, Ahmad Moradalizadeh, in the opening ceremony of the second phase of Sarcheshmeh Copper Complex concentration units, said the new development…

Cooperatives in rural areas will be eligible for loans amounting to four times their deposit(s) with 3% interest rate, deputy to First Vice President Isha’q Jahangiri  said.

Capital markets will not grow of their own accord unless economic reforms are introduced and required infrastructure is in place, head of the Money and Capital Market Committee of Tehran Chamber…