New loans worth 10 to 30 billion rials ($285,000 to $857,000) from the government can help remove some of the problems facing manufacturers, said the deputy minister of industries, mining and…
Economy
SAIPA, Iran's second largest carmaker, aims to establish joint ventures with several foreign counterparts.
In an interview with Persian Khodro, Mehdi Jamali, SAIPA's CEO, said a contract…
Japanese car manufacturer Honda's product portfolio will be completely available in Iran by the end of this year, according to a company official.
The government is doing all it can to promote the ease of doing business, reduce the bloated bureaucracy and break the chains of red tape by creating optimal harmony between the workers and…
In his latest remarks to the news website of Iran Chamber of Commerce, Industries, Mines and Agriculture, the chamber’s deputy head talked of new deals in the industrial sector, underlining the…
Referring to the recent negotiations between Iran and the Financial Action Task Force, the economy minister says Iran will not acquiesce to the anti-money laundering body’s requests if they are…
Bank of Industry and Mine has opened letters of credit for industrial units since the lifting of the sanctions in January with their total value amounting to $11 million, according to the bank CEO…
The Money and Credit Council – a decision-making body– has raised the minimum capital requirement for the establishment of banks in free trade zones from the previous €25 million to €150 million.…
Tehran Stock Exchange’s main index gained 326.80 points or 0.44% to end Sunday trade at 74,194.8.
Over 1 billion shares valued at $100 million were traded for the day.
Tabriz Oil…
The Eighth Iran Stone Exhibition, also known as IRSE 2016, opens in Tehran today. Some 40 firms from Italy, Germany, Spain, Turkey, India, Portugal, South Korea, China and Russia, alongside 210…
Boeing CEO Dennis Muilenburg says his aerospace company is following the lead of the US government when it comes to furthering the multibillion dollar deal for passenger aircraft that the…
Iranian Mines and Mining Industries Development and Renovation Organization, the country’s largest state-owned mining holding company published a report on Sunday outlining the company’s…
The government will allocate 2,000 billion rials (about $57 million at market exchange rates) in loans to marine industries in the current Iranian year (March 2016-17), says the managing director…
Iran’s exports to and imports from Turkey during the first three months of the current Iranian year (started March 20), stood at more than $368 million and $542 million respectively, indicating a…
The three-day visit of an Italian delegation to Mazandaran Province culminated in the signing of a dozen memorandums of understanding in the fields of health tourism, agricultural and small- and…
Iran reopened land borders with Turkey on Saturday, after hours of shutdown in the wake of a coup attempt in the neighboring country. Transit trucks and passengers were allowed to travel back and…
Every year, after the two-week Norouz (Iranian New Year) holidays in Iran (started March 20), the Ministry of Communications and Information Technology releases data on the number of calls and…
An Iranian science-based company, PKF Vacuum Technology, has developed a spark plasma sintering machine.
Mehdi Hashemi, CEO of PKF, said despite sanctions and lack of modern laboratory…
Following the recent attempted military coup in Turkey, Internet speeds in the Islamic Republic were suppressed following a crackdown in the neighboring country's Internet.
Iran University of Science and Technology will host a series of competitions in the area of Internet of Things otherwise known as IoT from July 20–22. The IoT Cup event includes two main…
The head of Monetary and Banking Research Institute says representatives from international rating agencies visited Tehran during the Ninth International Exhibition of Exchange, Bank and Insurance…
The European Parliament will use its influence to help Iran reconnect to the global banking network faster, said a British member of EU Parliament, Richard Hewitt, during a visit to Tehran Chamber…
Non-performing loans, shortage of capital and the operation of 7,000 unregulated financial and credit institutions are the main problems of the banking system, a former bank official says.
Bank Melli Iran has launched an online database including information about its properties. The move is in line with plans to promote transparency in the banking system.
Golgohar Mining and Industrial Company exported 900,000 tons of iron ore concentrate during the first three months of the current Iranian year (started March 20), which indicates a whopping 195%…
