The pharmaceutical industry is one of the promising sectors of the Iranian economy post-sanctions.
Economy
Iranian banks now own 1,343 foreclosed industrial units, essentially turning them into corporate holdings, IRNA reported.
According to Kamal Al-din Pir-Mo’azzen, a member of Iran Small…
Tehran Stock Exchange’s main index gained 72.60 points or 0.09% to end Wednesday trade at 76,742.2.
More than 1 billion shares valued at $53.3 million changed hands for the day.
Iran…
New-car sales in Western Europe rose 8.1% in August, thanks to increased demand in Italy, Spain, France, Germany and the UK.
Iran’s Auto Importers Association announced that the recent report about “lifting the ban on luxury cars” has been misinterpreted. According to the director of the organization, Maysam Rezaei, the…
Pars Khodro announced that it in talks to resume the production of Nissan’s Qashqai inside Iran.
In a ceremony held on the occasion of unveiling Sandero Stepway in Tehran on September 6,…
Volkswagen is exploring a potential joint venture with Chinese automaker Anhui Jianghuai Automobile (JAC), Chinese media reported on Wednesday.
JAC said in a statement on Shanghai Stock…
Iran will provide its citizens with specialized life insurance policies, announced the president of Central Insurance of Iran.”The first specialized life insurance will be offered soon,”…
The High Council on Anti-Money Laundering on Tuesday issued a statement in defense of collaboration with the Financial Action Task Force –an international initiative to combat money laundering and…
Bank of Industry and Mine is negotiating a $3 billion credit line with a consortium of six European banks, said the bank’s CEO Ali Ashraf Afkhami on Tuesday.
“The credit line will be used…
Banks have lent six trillion rials ($167.3 million) to 7,500 small and medium sized factories so far this year, according to Mohammadreza Nematzadeh, the minister of industries, mines and trade.…
The number of Iranian traders using railroad for exports to Turkmenistan has been on the rise following the neighboring country’s recent decision to increase tariffs on Iranian transit trucks, CEO…
Senior advisor to the president and Secretary of the High Council of Free Zones, Akbar Torkan attended the opening ceremony of Iran-Afghanistan Joint Exhibition in Kabul on Tuesday. More than 75…
Exports to Oman is expected to double in this fiscal year compared to last year’s $375 million, Iran’s commercial attaché to the neighboring country, Abbas Abdolkhani said. The current…
Deputy Energy Minister Rahim Meydani says Iran must put an end to policies that promote water-intensive yet low-value agricultural products because “the country’s development won’t occur through…
Iran’s Small Industries and Industrial Parks Organization and the German state of Baden-Württemberg signed a 5-year memorandum of understanding to share technology and exchange trade delegations…
The Iranian Privatization Organization is selling 14 trillion rials ($390.4 million) in government property in thei current Iranian month to September 21. The assets on sale include an 80% stake…
Iran has an ambitious target to become the world’s 6th largest steel producer by raising crude steel production capacity to 55 million tons per year, as part of the goals envisioned in the 20-Year…
Tehran Stock Exchange’s main index gained 147.40 points or 0.19% to end Tuesday trade at 76,669.6.
More than 1.5 billion shares valued at $82.6 million changed hands for the day.
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Iran’s High Council of Cyberspace has ruled that 50% of the funds allocated for the establishment and expansion of National Information Network (Iran’s homegrown and internalized network) must go…
A new website, Rahbal.ir, has been launched recently to enable travelers to book cheap package holidays and flights, making it the latest offering in a burgeoning industry. Customers can search…
Deutsche Telekom is considering options, including thousands of job cuts at its German business, a review of its holdings in Eastern Europe and Greece, and a partial sale of its subsidiary T-…
Samsung has recalled its new Galaxy Note 7 smartphones in Iran after reports it can overheat and even explode spread around the world.
Although the phone has not been officially launched in…
Internet service providers have been obliged to expand bandwidth and improve service quality, according to a new diktat by the Communications Regulatory Authority of Iran.
Local production of industrial valves used in primary industries including petroleum is one of the significant achievements of the country that was realized thanks to Joint Comprehensive Plan of…
