The government has purchased 66,000 tons of colza from local farmers since the beginning of the harvest season in March, according to the head of Government Trading Corporation of Iran.
Economy
Lawmakers on Monday allowed the government to settle its debts to the banking system through Central Bank of Iran’s foreign exchange resources for one year as part of the amendment to the 2016-17…
The central banks of Iran and Azerbaijan on Sunday agreed to connect the two countries’ payment networks to ease money transactions for tourists and traders.
Life insurance accounted for 14.8% of industry’s premiums generated during the first quarter of the current fiscal year (started March 20), marking a growth of 2.9% compared with the same period…
The Banking Overhaul Plan–enacted by President Hassan Rouhani to transform the outdated banking system–consists of several aspects, including a focus on core banking and a unified data platform,…
With the easing of sanctions, foreign exchange services of Bank Melli Iran have experienced a significant rise, the bank announced. In the first three months of the current fiscal year ending June…
Saipa Yadak Company, the after-sales services subsidiary of Iran’s second largest carmaker SAIPA, has launched a new vehicle service application for mobile devices running on Android.
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A taskforce made up of four major governmental bodies has been assigned with the task of promulgate National Motor Vehicle Safety Standards.
According to a report by Mehr News Agency, the…
The German state of Lower Saxony, Volkswagen’s second-largest shareholder, has no plans to sue the carmaker for damages caused by its emissions-test cheating scandal, its prime minister, Stephan…
The northeastern city of Mashhad in Khorasan Razavi Province is hosting Iran’s 16th International Auto Exhibition.
Featuring national and international firms, the exhibition opened on…
Iran’s cars and spare parts exported in the first four months of the current Iranian year (started March 20) amounted to $74 million. According to Eghtesad Online, the country has exported…
Iranian banks have established corresponding relations with about 450 foreign banks since the lifting of the sanctions in January, said the vice president for executive affairs.
Iran is actively working over the balancing of steel production chain by expanding upstream segments to feed the future needs of the industry. Nevertheless, depending on the growth rate of steel…
More than 10 million tons of wheat worth about 128 trillion rials (more than $3.6 billion at current market exchange rates) have been purchased from local farmers by the government since the…
Tehran Stock Exchange’s main index gained 379.70 points or 0.48% to end Sunday trade at 78,704.6.
More than 1.2 billion shares valued at $87.7 million changed hands for the day.
Iran…
The government is pushing to wrap up the forever delayed construction of the so-called Tehran-North Freeway, a major road project connecting the capital to the famous tourist resort city Chalus in…
The Netherlands has taken practical steps to expand economic ties with Iran as is evident in the regular visits to Tehran by high-ranking Dutch officials. A joint economic commission has been…
Industrial products constituted over 90% of Iran’s $10.4 billion imports from China during the past fiscal year that ended in March, says the director general of the Commercial Planning Department…
Interior Minister Abdolreza Rahmani Fazli and Afghanistan’s Minister of Finance Eklil Ahmad Hakimi will co-chair the fifth meeting of Iran-Afghanistan Economic Cooperation Commission after a…
Tehran police confiscated two containers of contraband carrying foreign clothes, bags and stationery worth 11.5 billion rials ($325,779) over the weekend, IRNA reported. According to Iran’s Anti…
Negotiations between Pakistan and Iran on a free trade agreement have failed to make progress.
Russian Railways is interested to take part in the implementation of the Rasht-Astara railway project which is under construction by Iran and Azerbaijan, first vice president of Russian Railways,…
Foreign Minister Mohammad Javad Zarif will lead an economic delegation to Latin America on August 21. During the week-long visit the team will call on senior officials in Cuba, Nicaragua, Ecuador…
Even with a significant annual rise in loan allocation during the first quarter of the current Iranian year (started March 20), the Central Bank of Iran’s Governor Valiollah Seif said the banks…
The government plans to present amendments to the 2016-17 Budget Law once again, the Central Bank of Iran's deputy for economic affairs said.
