Ford Motors has shelved plans to produce a new compact car designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in…
Economy
Iran’s Ambassador to Pakistan Mehdi Honardoust and Chairman of the Pakistan Automotive Manufacturers Association Sohail Bashir Rana exchanged views on ways of expanding cooperation in the auto…
Majlis Speaker Ali Larijani asked bankers to set easier repayment terms for debtors and forgive fines for late loan repayment, especially for creditworthy customers.
Iran’s cement sector is far from its past glory. Low domestic demand due largely to the feeble construction sector and the loss of key export destinations such as Iraq have caused the industry to…
Expansion of Middle East fleets goes on apace as more self-sufficiency is sought to cover expanding crude, chemical and products exports. At a steady rate, high-specification newbuildings are…
Equities had a mixed week in Iran, as Tehran’s two exchanges diverged in direction while the rial further weakened in foreign exchange markets.
Non-oil exports to the Netherlands during the first four months of the current Iranian year (March 20-July 21) stood at 5,400 tons worth $11.6 million, which indicates a 21% decline in value…
State-run Shipping Corp. of India Ltd., struggling for respite from an industry downturn, plans to revive a 40-year-old joint venture with Islamic Republic of Iran Shipping Lines.
Reforming the process of issuing bank licenses is one of the measures that could help expand relations with international banks, the Central Bank of Iran’s director general for banking regulations…
The commercial banks of Russia and Iran have agreed to pay for bilateral supplies of products in national currencies, the Central Bank of Russia said in a statement on Friday.
Pakistani Commerce Minister Khurram Dastgir Khan has said the federal Cabinet would approve the memorandum of understanding regarding resumption of banking ties between Iran and Pakistan to…
A memorandum of understanding has been signed between the Tehran Chamber of Commerce, Industries, Mines and Agriculture, the Iran Technical and Vocational Training Organization and the Institute…
Implementation of connectivity projects was among the main issues discussed at a trilateral meeting between India, Iran and Afghanistan in Tehran on Wednesday.
The director-general level…
A new concrete runway is under construction in Ramsar International Airport and will cost $4.2 million, IRNA reported. Ramsar is a tourist hub in the northern Mazandaran Province on the…
Almost 4,000 tons of cornelian cherries were produced in the 2,000 hectares of farmland around the country, says deputy agriculture minister Ali Tahmasebi. Qazvin Province’s Alamut region…
According to the director general of the Ministry of Cooperatives, Labor, and Welfare’s Tehran office, 350,451 people are unemployed in Tehran Province, of which 234,557 are men and 115,894 are…
Over the past three years Iran has managed to increase production of table poultry and red meat by 20% to reach an overall figure of 820,000 tons of red meat and 2.2 million tons of poultry.
…A memorandum of understanding was signed between head of North Khorasan Province Chamber of Commerce, Industries, Mines and Agriculture, Mohammad Samadi and head of Azerbaijan Republic Chamber of…
Samsung has announced a global recall of the Galaxy Note 7 smartphone after an internal investigation into reports of batteries catching fire, according to reports from several sources worldwide…
Iran’s Computer and Video Games Foundation has launched a website to promote entrepreneurship and help companies find budding graduates seeking jobs in the gaming industry.
Samsung and South Korea’s Ministry of Science, ICT and Future Planning are to invest in Iran’s growing information technology sector, according to reports from Seoul.
Given President Rouhani’s emphasis on the development of economic and trade with Lebanon, the governor of the Central Bank of Iran says he is focused on expanding banking relations with the…
Almost 95% of bank customers in Iran are using non-traditional banking services which merit a greater employment of online services and social networks in Iran’s banking sector, according to Ali…
Tejarat Nou Insurance, affiliated to Tejarat Bank, has signed an agreement with Post Bank Iran to insure property held as collateral for loans made by PBI. Tejarat Nou’s CPI insurance policies…
The rating process for Iranian banks will commence in late October and lenders will be classified into four main groups, said the Central Bank of Iran's deputy for supervisory affairs.
