The recent ruling by the Central Bank of Iran allowing banks to engage in foreign exchange trade in the open market has provoked the ire of bureaux de change operators who claim banks will have an…
Economy
The minster of roads and urban development said home prices remain flat and are no longer rising with inflation. “During the past three years and when this government took office, home prices did…
Post Bank of Iran and Iran Telecommunication Company Wednesday agreed to expand collaboration. According to PBI’s website, Post Bank will start offering banking services through ITC offices in…
Iran’s annual red meat production amounts to 820,000 tons while consumption is about 880,000 tons, yet some 100,000 tons of frozen red meat are imported, which is 40,000 tons in excess of domestic…
The Turkish city of Izmir hosted a forum on Tuesday where dozens of Iranian and Turkish business owners discussed trade opportunities in post-sanctions Iran. President of the Executive Board…
Government revenues from Tehran Province stood at 112,000 billion rials ($3.14 billion at market exchange rates) in the first four months of the current Iranian year (started March 20), the head…
Tax evasion is costing the government up to 300,000 billion rials ($8.43 billion at market exchange rates) every year, the director general of Iranian National Tax Administration said. “Currently…
The presidents of Russia, Azerbaijan and Iran-Vladimir Putin, Ilham Aliyev and Hassan Rouhani respectively-will meet in Baku on August 8 to discuss the International North-South Transportation…
Now that years of intensive negotiations have finally cleared all the misunderstandings about Iran’s nuclear activities, Iran is taking the next step toward integrating more deeply into the global…
Iran is planning to increase furniture exports to $200 million within the next five years, the head of Iran Furniture Manufacturers and Exporters Union said. Exports have been hovering around $20…
Tehran Stock Exchange's main index gained 793.50 points or 1.03% to end Wednesday trade at 77,883.3.
More than 925 million shares valued at $62.7 million changed hands for the day.
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This year Iran expects to see a significant increase in construction budget, which will lead to the revival of the sector.
Since this segment is the largest consumer of long products, local…
Iran produces over 77,000 tons of honey annually from its 6,900,000 honeybee colonies, the head of National Association of Beekeepers and Honey Producers of Iran said.
“This level of…
Asan Pack, the biggest producer of corrugated carton and package printing in Iran, has invested in three MPS flexo presses, which it will use to enter the label industry.
UK-Registered MPS…
French carmaker Renault will produce the sport utility Captur and the compact Kwid at its plant in the southern Brazilian city of Curitiba, CEO and chairman of the Renault-Nissan Alliance said on…
After SAIPA and PSA Group signed a historic deal recently, it was confirmed that Citroen C4 will be the first product to be offered in Iran’s auto market.
The deal, which was unveiled on…
New cars produced on Iranian platforms are expected to enter the market by March 20, 2018, the minister of industries, mining and trade said.
Mohammad Reza Nematzadeh added that Iranian…
The German state of Bavaria said it will sue Volkswagen Group for damages caused by the emissions-test cheating scandal, the first regional government in VW’s home country to take legal action…
To improve the quality of public transportation in the capital, 200 new Hyundai Accent taxis compliant with Euro 5 standards were unveiled in Tehran on Tuesday.
Meysam Mozaffar, the head of…
Italy will invest $450 million in the construction of a bioethanol manufacturing plant in the northern port and free trade zone of Amirabad in Mazandaran Province, the director of Amirabad Special…
Iran has the capacity to add 50 regional planes to its fleet within the next 10 years, in addition to the 20 short-haul aircraft the country has ordered from French-Italian plane manufacturer ATR…
The director of Bank Maskan’s department of planning says the recent cut in Housing Savings Account mortgage rates has increased the appeal of the scheme among first-time homebuyers.
Insurance companies that fail to meet the minimum capital requirement will be merged by the end of the next Iranian fiscal year (March 2018), said the president of the Central Insurance company of…
Following the Central Bank of Iran’s official authorization, Bank Saman and Bank Saderat Iran became the first banks to start offering foreign exchange services. In a statement, the International…
Out of consideration for US laws, German banks hold back on the financing of lucrative trade with Iran despite the federal government’s push to expand trade with the Islamic Republic, a German…
