Close to 200 industrial units were founded in Iran’s industrial parks during the first two months of the current Iranian year (March 21-May 20), creating around 2,200 jobs, the deputy head of Iran…
Economy
The underwriting of the Iranian capital market’s first exchange-traded fund on Iran Mercantile Exchange ended last week with the attraction of 157.9 billion rials ($4.15 million) in funding.
The spread of the Crimean-Congo hemorrhagic fever in Iran has caused serious concern among Iranians, as many refrain from buying red meat.
“After the spread of the disease, people refuse to…
Golgohar Mining and Industrial Company (GEG) is considering purchasing an iron ore mine in Australia, manager Nasser Taqizadeh said.
The company will either make the purchase on its own…
For the third time, Iran Privatization Organization is going to offer a 16.75% equity stake of Esfahan Steel Company on the over-the-counter Iran Fara Bourse on July 1.
The block sale is…
SAIPA, the second biggest carmaker, has announced that it will offer loans for its own-manufactured Kia Cerato to boost sales. The company says buyers will be able to pay for the car in 12, 24, 36…
The joint venture between France's Peugeot and Iran Khodro, IKAP, has announced that the presale of Peugeot 508 will commence in the next few weeks, but failed to give a price.
The car will…
Pars Khodro, a subsidiary of the second biggest domestic auto producer SAIPA, is set to deliver a new Chinese-derived Brilliance C3 SUV in August, according to local automotive websites.
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Valeo, famous for making car auto parts like windscreen wipers and brake pads, will open a research center for artificial intelligence and “deep learning” with the aim of developing technologies…
AMICO Industrial Group, one of Iran’s commercial vehicle groups, has reached an agreement with China’s Huanghai automotive firm to produce the N1 single and double-cab pickup trucks in Iran.
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The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit…
Members of President Hassan Rouhani’s Cabinet approved a measure at the recommendation of the Ministry of Economic Affairs and Finance which allows the ministry to increase the capital of Iran in…
The increase in bank fees approved earlier by the Central Bank of Iran has become effective. The CBI had first announced the directive in September 2016. The change is aimed at diversifying banks…
Iranian banks’ progress in adapting to their financial statements with the new model set by the Central Bank of Iran was around 20-30% during the previous Iranian year (ended March 20), said a…
Minister of Economic Affairs and Finance has confirmed local media reports of an imminent South Korean $13 billion credit line to support Iranian projects–a measure, which if finalized,…
The Central Securities Depository of Iran issued 35,000 new trading codes for investors during the second month of the current fiscal year (ended May 21). According to Mehr News Agency, the…
The office of the Food and Agriculture Organization of the United Nations in Iran began a technical cooperation program called "Capacity Building for Increasing Sustainable Oilseed Production…
Tehran Stock Exchange’s main index lost 293 points or 0.4% during the week that ended June 14 to close at 79,466.
The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, gained 1.4…
Buying activity in the Iranian flat steel import market remained limited over the past week due to the traditional Ramadan slowdown, Metal Bulletin reported. As such, prices have not seen any…
The managing director of Iran’s Confiscated Assets Organization says his organization has not sold impounded cars to the Ministry of Foreign Affairs. Amin Daliri said as per law, his…
The inherent flaws and foibles within the Ministry of Industries, Mining and Trade won’t disappear with the government’s move to bisect it into two: ‘Industries and Mining and ‘Commerce’.
Close to 4,140 tons of ice-cream worth 463 billion rials ($12.4 million) was exported during the first month of the current fiscal year (March 21-April 20), according to data released by the…
More than 4,000 tons of uncarded and uncombed cotton worth 270 billion rials (over $7.2 million) were imported during the first month of the current fiscal year (March 21-April 20), according to…
The Iranian container ship ‘Behshad’ carrying 625 TEUs from India’s Kandla Port in Kutch District of Gujarat docked at Iran’s Chabahar Port off the Persian Gulf on Tuesday, Behrouz Aqaee, director…
The provinces of East Azerbaijan, West Azerbaijan, Isfahan, Tehran, Qazvin, Kerman and Khorasan Razavi were the leading provinces in attracting foreign direct investments in 2016, according to the…
