Nearly 50% of the Iranian auto parts manufacturing units have been shut down because contrabands have flooded the market, said the secretary of Iranian Auto Parts Manufacturers Association.
…Economy
GM Uzbekistan, formerly UzDaewooAuto, started the production of third-generation Nexia cars, Uzbek Association of Automotive Industry Enterprises (Uzavtoprom) said. The new model is produced on…
The overwhelming majority of the middle class cannot afford to have decent savings due to low income and high cost of living, the Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said…
The Central Bank of Iran has informed banks to employ three new criteria while deciding loan applicants' financial status in a bid to improve the efficiency of banks’ lending power and pull the…
Some banks and automakers have developed a new lending plan to finance car buyers with up to 1 billion rials ($32,800) in loans, without using the money of the Central Bank of Iran.
Pretty hard choices must be made in “technical areas” to be able to remove toxic assets from banks’ balance sheets, the Minister of Roads and Urban Development Abbas Akhoundi says.
Eximbank of Russia is willing to help boost commercial relations between Iran and Russia by opening credit lines and multicurrency bank accounts for traders, Eximbank deputy chief, Zolotarev Levan…
A 24-member delegation from Ukraine, including executives and experts from companies active in food, agricultural machinery, livestock, poultry, transportation and logistics, wood and mineral…
Iran is blessed with an abundance of underground riches, as it is home to various world-class mines holding minerals as common as iron ore to rare metals such as gold and turquoise.
Tehran Stock Exchange’s all-share index TEDPIX retreated by 287.30 points or 0.38% to close trade at 76,144.2 on Tuesday. Big losses by shipping, auto manufacturing and petrochemical companies…
Close to 34,000 tons of coal concentrates were produced by Central Alborz and Tabas Parvardeh coal companies during the Iranian month starting March 20, indicating an 18% rise compared with the…
Athens is prepared to act as a regional hub for Iran’s exports to Europe and Northern Africa, CEO of Enterprise Greece, Invest and Trade said. Speaking in a meeting with Valiollah Afkhamirad, the…
Almost half of all the fruit produced in the country perishes due to improper packaging, the head of the Institute of Labor and Social Security said. Speaking in the Second International Festival…
The Tourism Commission of Tehran Chamber of Commerce, Industries, Mines and Agriculture discussed the importance of adopting Friday and Saturday as Iranian weekend holidays in its latest meeting…
A forum on halal business prospects in Iran opened in Kuala Lumpur on Tuesday with the aim of promoting investment in the increasingly lucrative sector and boosting halal trade between the two…
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh inaugurated the Iran-EU Trade, Economic and Industry Center in Berlin on Monday.
The government will allocate 9,490 billion rials (over $270 million) to 49 major projects in West Azarbaijan Province over the next two years, the head of Management and Planning Organization said…
Online movements in May registered several changes inside Iran, with many new names and terms being searched by the nation.
Quite surprisingly, an Android App store became the most searched…
ASUS took the wraps off the latest generation of ZenFone handsets at its Computex 2016 press conference in Taipei.
The ZenFone 3 series with three phones is positioned with a variety of…
Tesla, more noted for its automotive prowess, is believed to be officially opening it "Gigafactory" on July 29, according to several financial magazines in the US. A Gigafactory, as named by the…
German Firms will invest 25,000 billion rials (around $719 million) in two major industrial projects in Fars Province, says the head of Industries, Mining and Trade Organization of the province.…
The price of basmati rice has climbed on rising demand from Iran, which plans to ban inbound shipments of India's signature grain.
According to Mohinder Pal Jindal, president of All-India…
A decree by the Central Bank of Iran says the Qarzol-Hasaneh (microcredit) funds should not charge loan application fees higher than four percent, ISNA reported. According to a CBI inspector…
The International Monetary Fund and Iran have had "a long and important relationship" says David Lipton, first deputy managing director of the Washington-based lender who was in Tehran recently…
A revised version of the Banking Reform Bill will soon be sent to the parliament by the central bank, according to Ali Divandari, head of Monetary and Banking Research Institute.
In an…
