Economy

France's largest auto maker, Renault, has begun talks with Iran's number 2 car producer Saipa, to buy "up to 20 percent" of the shares of Iran's third auto producer Pars Khodro, Trend reported…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) says it has advised the ministry of industry, mines, and trade to liberalize iron ore prices, reported…

Cooperation between the stock exchanges as members of the Interexchange Electronic Union (IEU) would offer them several advantages including increase in the value and volume of trade exchange,…

After the TEDPIX's broad rallies within the past 10 days, indices lost steam, wiping out part of the recent gains on the week's first trading day, failing to continue pushing the market's…

A Tehran-based company has announced they have for the first time in Iran produced British Standard BS-8300 grab bars for the use in occupational medicine and physiotherapy. The company, KTMA,…

The CEO of Bank Melli, the largest state-run commercial bank in Iran, said Saturday that the central bank is unlikely to take any measure within the next 6 months to further cut interest rates on…

The insurance industry is poised for steady, double digit growth in the near future, analysts predict. The driver of this growth will be an increase in the number of policyholders, most of whom…

The Azadi gold coin bounced off a ten-month low and advanced by 1.27 percent on Saturday, as Tehran’s market responded to the metal’s global jump on Friday.

Iran will establish overseas hubs for the export of its technological products, said the deputy of international affairs for the Vice-Presidency for Science and Technology on Saturday.  

The Ports and Maritime Organization of Iran said it would grant interest-free loans to individuals who apply to buy passenger ships, according to the director of Bushehr province’s ports authority…

The unreasonable rise in customs duties creates an opportunity for smuggling, which in turn affects the competitiveness of Iranian manufacturers due to the cheap price of imports, Masoud Karbasian…

Farmers’ involvement in the whole process of producing and marketing agricultural products can eliminate the need for middlemen, agriculture minister Mahmoud Hojjati said during the opening…

Iranian industries will experience more competition if sanctions are removed as the result of the ongoing talks between Iran and the P5+1, predicted Valiollah Afkhamirad, deputy minister of mine,…

Iran’s flagship carrier, Iran Air, has seized the opportunity provided by the historic interim agreement signed by Iran and the P5+1 countries last November, and successfully purchased new airline…

Tehran will host the first international exhibition of leather, accessories, shoes and related Industries on Nov. 17-20 at the Tehran International Fair Ground, MNA reported.  Over 135…

Providing adequate infrastructure for the mining projects across the country is the government’s first priority regarding this sector, Es’haq Jahangiri, first vice-president, said on Saturday.

Foreign companies’ presence in the Iranian market has increased up to 50 percent since the Rouhani administration came to power last August, Mohammad Javad Ghanbari, the deputy director of Iran’s…

Foreign investment will pour into the mining sector and mineral industries of Iran as soon as western sanctions against the country are removed, an industry official told IRNA.

During his visit to Baku earlier this week, President Hassan Rouhani was accompanied by a private sector delegation whose members have already had trade with the Azerbaijan Republic. The president…

As Iran and the six world powers known as the P5+1 are expected to gather this week in Vienna to push for a deal over Tehran’s nuclear energy program, the Middle East Bank (MEB) of Tehran has…

The Central Bank of Iran (CBI) has reversed its decision dating back to 2008 and placed a ban on the recharge and issuance of new debit cards based on interest-free banking contracts, according to…

President Hassan Rouhani says sanctions are a "rusty weapon" which is no longer effective.

Around 550,000 metric tons of goods were traded at the Iran Mercantile Exchange (IME) during the week leading up to November 13, marking a 92% and 58% increase in terms of volume and value,…

Chabahar free trade and industrial zone organization said China, South Korea, and Oman are among the countries interested in investing in Iran’s third auto manufacturing hub to be built in the…

New liquidity injected into the country’s capital market during the past month helped the trading volume increase from 0.7 to 1.1 trillion rials, said Amir Hamooni, the CEO of Iran Fara Bourse or…