Restoring relations with oil majors and raising crude production top Iran Oil Ministry's priority list, Bijan Namdar Zanganeh, the oil minister, said.
In a letter to Ali Kardor,…
Economy
Iran Standards and Quality Inspection Company (ISQI) has released the latest report on the quality of 42 locally-made cars and seven pickup trucks.
Four models have joined the tiny club of…
New car sales in Germany rose 13% in May on two extra selling days and strong sales to business fleets.
Registrations were 323,952 units in May month on month, according to data from the…
Of the 27 leasing companies registered on the Central Bank of Iran's website, five have been cleared for operations in the field, according to a new report by the CBI.
The five confirmed…
The closure of Iran-related bank accounts by Emirate banks has been going on for years and no new regulation has been communicated in this regard, the head of Information Technology Department at…
The Central Bank of Iran and the Iranian Parliament are working closely to resolve the issues surrounding the Caspian credit institution and the overall saga of shadow banks engulfing the informal…
The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute said. “The…
Money and Credit Council–a decision-making body–has called on state-owned lenders for the first time to make their financial data publicly available in line with measures to boost transparency.…
After the lifting of some of Iran's sanctions following the nuclear accord, the country's banking system connected with small Malaysian banks though there are still no ties with major lenders, the…
Tehran Stock Exchange’s main index inched up 1.80 points or less than 0.01% to end Wednesday trade at 80,513.3.
Wednesday is the last trading weekday at TSE.
About 573 million shares…
Iran plans to raise its annual cement production to 120 million tons in eight years as per the strategic planning document incorporating the country’s 20-Year Vision Plan (2005-25).
Iran’s steel consumption has experienced a downtrend for the past six years, highlighting the country’s ailing market and subdued demand.
The country’s apparent steel use per capita stood…
Khouzestan Steel Company’s profits in the last fiscal year (March 2016-17) surged over 300% to 6.7 trillion rials ($176.31 million) compared to the year before, the company’s manager, Modarres…
More than 22,700 tons of jam, jelly and marmalade worth close to $37.4 million were exported in the last Iranian year that ended on March 20, 2017, according to data released by the Islamic…
Spring tea harvest in Iran has ended with the production of 44,300 tons of fresh tea leaves worth more than 1 trillion rials (over $26.7 million), registering a 9% increase compared with last year…
Iranians have a sweet tooth as per capita sugar consumption stands at 33 kg per year, six times more than the global average.
This was announced by a report recently published in a pamphlet…
As many as 3,400 projects in Iran’s industrial parks are expected to become operational by the end of the current Iranian year (March 20, 2018), the head of Iran’s Small Industries and Industrial…
A container ship carrying 300 TEU (twenty-foot container equivalent units) of rice from India’s Kandla Port in Kutch District of Gujarat docked at Iran’s Chabahar Port last week in a first such…
The government has approved a strategic plan for the development of the southern Makran Coast, setting guidelines to achieve sustainable development of the region and benefit its indigenous people…
In Iran, there is one civil servant for every 26 to 28 people whereas the international average is one for every 600 to 800 people, Iran Productivity Association announced.
The excessive…
Spokesperson of Iran’s Tire Producers Association, Mostafa Tanha, said that despite the domestic capacities to meet local tire demand, cheap Chinese competition continues to undermine local…
The CEO of Iran Khodro, the country's biggest car producer, said Tuesday that the first deliveries of the latest version of the Dena sedan model will be made to customers by mid-August.
Iran Khodro has expanded production at its subsidiary plant in the northwestern city of Tabriz. The country’s largest automaker said in a press release that the production rate will increase 33%…
A subsidiary of SAIPA which produces heavy and light vehicles is set to expand its market share via deals with foreign firms and offering state-backed financial incentives to truck drivers.
…
Minister of Roads and Urban Development Abbas Akhoundi has reiterated what has been stressed by many officials in the past few months that the ailing Iranian housing sector is emerging out of…
