The construction of Tehran-North Freeway, which is to connect Tehran to the city of Chalous in northern Mazandaran Province, requires 80 trillion rials ($2.3 billion at market exchange rate),…
Economy
The government needs to support the domestic textile industry by offering cheap loans to manufacturers.
The statement was made by Ahmad Kimiaei-Asadi, a member of Tehran Chamber of Commerce…
Japan’s Sumitomo Mitsui Bank is opening letters of credit for traders willing to work with Iran in cooperation with Saman Bank. The credit is available only in yen for Japanese entities, Saman…
With the goal of speeding up the execution of the government’s plans for creating economic momentum and easing the recession, Bank Melli Iran has issued a directive to all its branches,…
As the opening up of Iran's economy to global entrepreneurship and trade continues after years in the wilderness – something Morgan Stanley described as the biggest thing for the global economy…
Iran's ambassador to Berlin says the Hermes cover debt has been repaid and as a result, Euler Hermes coverage will resume soon.
The Export Guarantee Fund of Iran, the state-run export credit agency has been monitoring Russian companies’ creditworthiness in line with Iran’s plans for boosting trade with that country, said…
Tehran Stock Exchange’s benchmark index shed 412.90 points or 0.57% to close at 72,615 on Monday. Losing oil and gas, steel and mining companies were the main force behind the benchmark’s downfall…
The first phase of a major steel plant in Chaharmahal-Bakhtiari Province has become operational, according to the governor general of the province, Qasem Soleymani Dashtaki. The plant. established…
Equities had their worst month so far this year, with both Iran’s stock exchanges adding to losses incurred during the prior two months.
The first quarter has been awful for stockholders,…
Ubar Mining International LLC, a newly established Omani company, has acquired a 70% stake in an Iranian antimony mine.
The government has announced a new ruling regarding certain imported cars.
The administration has ruled that "all vehicles imported to Iran under a valid order issued in the import order…
Volkswagen will stop producing more than 40 car models in the coming years, as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday.
Toyota Motor Corp is targeting developing in the next five years driver assistance systems that integrate artificial intelligence to improve vehicle safety, the head of its advanced research…
Following negotiations with the Ministry of Industries, Mining and Trade, an auto manufacturing factory will go on stream in Sahne, said the governor general of Kermanshah province. Sahneh is a…
Permits are now mandatory for importing vehicles valued higher than $100,000 into free trade zones, said an official with the Arvand Free Zone Organization.
According to the organization's…
The Central Headquarters for the Resistance Economy has sent a list of struggling small and medium-sized enterprises eligible for cheap loans to banks. The banking sector will review the…
The lifting of sanctions imposed on Iran over its nuclear energy program enabled Iranian aluminum producers to increasingly embark on the import of alumina, the primary raw material required for…
More than 2.4 million tons of iron ore concentrate were produced in the second Iranian month of Ordibehesht (April 20-May 20), indicating an 11% growth compared to last year’s corresponding…
Tehran Stock Exchange's all-share index plummeted 1.19% or 878.60 points to close Sunday trade at 73,027.9, its lowest since February 2.
Huge losses by large-cap telecoms, oil and gas…
After a four-year hiatus, cement offerings for export have resumed at Iran Mercantile Exchange, the IME chief said.
Isfahan Cement Company initiated the offering with 2,000 tons of the…
Government control has been rife in the history of Iran’s economy after the nationalization of major industries over the past few decades, a lecturer at the Economics Department of Tehran…
Daily egg exports to Afghanistan have tripled to reach 150 tons, according to Iran’s Association of Egg Producers. Meanwhile, exports to Iraq have been put on hold due to the decline in…
Iran’s multitude of points of entry gives rise to smuggling, says head of Anti-Smuggling Organization Habibollah Haqiqi, noting that there are as many as 150 official in addition to eleven…
The Ministry of Industries, Mining and Trade has been put in charge of the Iran-Italy Economic Commission by the cabinet. This is while the Ministry of Foreign Affairs has been tasked with…
