Head of the Manufacturing Cooperatives Union railed against high lending rates for manufacturers, saying that the extremely high rates are resulting in more foreign products flowing into the…
Economy
The Securities and Exchange organization has issued a permit for the underwriting of Tejarat Nou Insurance, Bourse Press news website reported.
The insurer is being established by two quasi…
Several unauthorized financial institutions have been taken to court for “defying the Central Bank of Iran”, Ali Tayebnia, minister of economic affairs and finance revealed on Monday.
The Central Bank of Iran eventually gave its approval to boost the ceiling of mortgage loans to 800 million rials ($24,000 at market rate) from 450 million rials ($14,000).
A five-member trade delegation from Serbia, headed by Serbian Prime Minister and Minister of Trade, Telecommunications and Tourism, Rasim Ljaji?, is in Tehran to hold talks on issues of…
Fruit imports are illegal, but one may wonder where all the exotic fruits in the market have come from, said the President of the National Union of Exporters of Agricultural Products, in an…
In recent years, there has been a growing trend among top entrance exam candidates as well as students in technical universities in Iran to shift to human science majors such as economics; as a…
The government is planning to export 10,000 metric tons of powdered milk to neighboring countries, head of Iran’s Animal Farmers Union, Saeed Soltani, told IRNA on Sunday.
Iran Aircraft Manufacturing Industrial Company (HESA) says it is domestically manufacturing a new civil aircraft with the capacity of 70 passengers, Mehr news agency reported.
Turkmen Ambassador to Tehran, Ahmad Qorbanov, expressed hope that the value of annual trade between Iran’s northern Golestan Province and Turkmenistan will reach $60 million by the end of this…
Data released by the Statistical Center of Iran (SCI) show that the producer price index (PPI) in the industrial sector reached 192.0 points in the past Iranian year (ended March 20), indicating a…
Jam Petrochemical Company and Maroun Petrochemical Company outperformed and left the most positive impact on the Iran Fara Bourse benchmark on Monday trading, IFB Public relations reported.
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Last week, deputy minister of industry, mine, and trade Mehdi Karbasian informed the media that as many as 15 countries have made serious offers to invest in Iran’s mining and minerals sectors,…
Deputy minister of industry, mine, and trade Mehdi Karbasian says the administration is seeking to formulate policies to make the mining royalties and usufructs as transparent as possible,…
National Iranian Copper Industries Company (NICIC), World Copper Company (WCC), and Kaveh Copper Industries Company (KCIC) offered different grades of copper at Iran Mercantile Exchange’s spot…
According to the managing director of Eastern Railway, the mineral and industrial sectors in the eastern city of Tabas in South Khorasan Province could enormously benefit from the expansion and…
The Hormozgan Steel Company (HOSCO), out of 170 companies in the Persian Gulf Special Economic Zone, managed to create the highest number of jobs over the past Iranian calendar year which ended…
Minister of Economic Affairs and Finance Ali Tayebnia on Monday said 1,500 trillion rials ($52.6 billion at official exchange rate) in government debt has so far been identified and documented,…
Porsche has announced it is deliberating whether it will give its most iconic model, a 911 plug-in hybrid treatment before the end of the year, CEO Matthias Mueller said in a recent interview with…
Nissan Motor Co. will have vehicles packed with autonomous driving technology by 2020 but whether people will be able to drive them on roads is up to government regulators, Chief Executive Carlos…
While driving on highways in the east and west of Tehran, drivers will likely see men on the side of the road holding cardboard signs offering mechanic services.
Subaru has restarted exports of cars to the Iranian market, according to Skyscrapercity forum on Monday. The so-called authorized dealer, Safe Khodro, has listed all the latest models on its…
The national railway sector requires $25 billion in investment to achieve the development goals outlined in the 2025 Vision Plan, minister of road and urban development, Abbas Akhoundi was quoted…
Reforming the structure of banks and taking toxic assets off their balance sheets cannot be undertaken overnight, but is feasible at a slow pace, a banking manager told Eghtesad News.
Large commercial banks are demanding that the Monetary and Credit Council reconsider its decision to deregulate sight deposit rates, Akhbar Bank news website reported on Sunday.
