South Korean companies will be able to settle accounts with their Iranian counterparts in the euro currency instead of the local won from as early as September, allowing more convenient monetary…
Economy
The former head of Tehran Chamber of Commerce, Industries, Mines and Agriculture believes Iran’s economy is “bank-oriented,” which makes banks the usual suspects when things go awry.
“The…
Export Guarantee Fund of Iran will start covering the risk of fluctuations in foreign exchange rates to exporters from next month, EGFI director, Kamal Seyyed Ali said on Monday.
“Forex…
More than 1,370 vessels berthed at Shahid Rajaie Port, Iran’s biggest container port located in Hormozgan Province, during the first four months of the current Iranian year (started March 20),…
Iran exported 142,300 tons of non-oil goods worth $132.9 million to Spain in the first three months of the current Iranian year (started March 20), which indicates a 132% jump compared with the…
Since the beginning of the harvest season about three months ago, the government has purchased about 82,000 tons of fresh tea leaves from local farmers in the northern provinces of Gilan and…
Economy Minister Ali Tayyebnia said Padideh Shandiz Company’s shares will be offered on the Iran Fara Bourse, a day after the company’s chief executive is arrested on charges of fraud, disruption…
The goods and services Consumer Price Index for rural areas in the 12-month period ending July 21, which marks the end of the Iranian month of Tir, increased by 8.3% compared with last year’s…
Tehran Stock Exchange’s main index gained 67.70 points or 0.09% to end Monday trade at 76,647.4.
More than 1.2 billion shares valued at $65.9 million changed hands for the day.
…
The direct-reduced iron plant of Neyriz Steel Complex will become operational in the second half of the current Iranian year (ending March 20, 2017), said the head of Iranian Mines and Mining…
Local companies are planning to use the boom expected in Iranian industries and expand steel rolling capacities, which will increase competition inside the country and put pressure on foreign…
The Joint Comprehensive Plan of Action between Iran and world powers was finalized on July 15, 2015, adopted on October 19, 2015 and implemented on January 16, 2016 (Implementation Day).
…
Europe’s first-half vehicle sales grew by a stronger-than-expected 9.1%, a gain that was double even the most optimistic full-year forecast made by analysts at the end of 2015.
Nearly every…
Iran’s Ministry of Industries, Mining and Trade has predicted that the annual demand for passenger cars and pickup trucks in Iran will reach 2.3 million units by March 2025. This has been…
The car rental market in the Middle East, especially in Oman, Qatar, Bahrain and Kuwait, will continue to grow at a considerable rate in the coming years.
The market for car rental has been…
Skoda CEO Bernhard Maier said Iran, along with Singapore and South Korea, are target markets for his Czech built vehicles.
Skoda has recently been expanding its range of vehicles in several…
Mohsen Jalalpour will remain the president of Iran Chamber of Commerce, Industries, Mines and Agriculture after the board of directors rejected his resignation on Sunday. After serving for…
In a meeting between the Iranian ambassador to Bucharest and the deputy governor of the central bank of Romania, the two sides discussed forming a joint economic committee to expand banking and…
The deputy minister of roads and urban development said Sunday local city administrations are too dependent on taxes as municipalities generate a significant portion of their annual earnings from…
Britain’s vote to leave the European Union and the rise of US presidential nominee Donald Trump have paralyzed efforts by western governments to encourage already highly reluctant international…
President Hassan Rouhani Sunday appointed Ahmad Doust Husseini to head the National Development Fund of Iran, the government’s official website reported. Doust Husseini is a former deputy minister…
The Central Bank of Iran on Sunday officially allowed banks to start trading in the open hard currency market in line with its declared aim to unify the forex rates. Given the history of similar…
Watermelon is not a water-intensive crop, contrary to common belief, and its domestic production will continue, says Hassan Khadangi, with the Ministry of Agriculture. His comments come as some…
Iran exported some 28,000 tons of non-oil goods worth $167 million to Italy during the first three months of the current Iranian year (started March 20), which indicates a 36% rise compared with…
Iranian transit companies will be the main beneficiaries of recent amendments made to Azerbaijan’s Tax Code by President Ilham Aliyev, says Iran’s Ambassador to Azerbaijan Mohsen Pakayeen.…
