Economy

AMICO Industrial Group, a domestic commercial vehicle producer, has started presales of a new pickup truck ‘Huangha N1’. The vehicle is significantly overpriced. Huangha N1 has a price tag of 1.…

Local vehicle manufacturer SAIPA Diesel is set to introduce a new Volvo truck in the Iranian market.

The company will unveil Volvo FM 460, which is fabled as “the most eco-friendly and…

As if the recent gold rally was not enough of a surprise, the precious metal continued to gain in strength in Tehran's market–this time fueled by the Central Bank of Iran's decision to get…

The National Development Fund of Iran, the national sovereign fund established in 2011, has published a comprehensive report on the first five years of its activity up to March 20, 2017.

Bank Mellat and Iran Medical Council have signed a memorandum of understanding with the aim of improving bilateral cooperation and increasing banking ties.

Celebrities are followed by many people so it makes sense that there is a strong allure among marketers to enlist one to pitch their product.

On the other hand, intense promotional…

Following a 105-day hiatus, the Securities and Exchange Organization reopened the shares of SAIPA, Iran’s second largest automaker, for trading on Sunday after the Tehran Stock Exchange-listed…

American politicians love to hurl economic sanctions at governments they don’t like, but the current labyrinth of sanctions is so complicated that it has unintended consequences.

This…

Exports of gas condensates from South Pars Gas Field in the Persian Gulf in the first five months of the current fiscal year (started on March 21) experienced an 18% increase over the same…

Every year between 8,000 and 12,000 hectares of Iran’s pistachio orchards are lost due to water shortage and soil salinity, the head of Iran Pistachio Association said.

“Land under…

The government’s not so well-thought-out Internship Action Plan has entered a limited execution phase while its practical aspects were overlooked, eminent Iranian economist, Hossein Raghfar,…

About 15-20% of all Iranian industrial units are facing recession, the industrial affairs deputy with the Ministry of Industries, Mining and Trade said. “There are close to 85,000 industrial…

President of Azerbaijan Ilham Aliyev attended the opening of the 22.2-km Lankaran-Masalli section of the Alat-Astara-Iran state border highway, which is undergoing a major overhaul.

A Persian social media network ‘Startup Fly’ has been launched online aiming to connect entrepreneurs and investors in Iran. Startup Fly is a platform similar to other social media networks like…

Iran’s major Internet service provider Shatel Group (aka Arya Rasana Tadbir Co.) started offering Mobile Virtual Network Operator services on September 2.

The service was launched at a…

Iran has discovered a new iron ore deposit in Yazd Province, which is estimated to be about 2 billion tons with 70% iron content, the head of Yazd Industries, Mining and Trade Organization said…

Bank Keshavarzi Iran, state-owned bank specialized in financing agriculture sector, has linked up with a number of major Russian lenders including Sberbank, Gazprombank and Transcapitalbank,…

The Center for Strategic Studies, affiliated to the Presidential Office, has published a report that proposes 10 strategic measures for the housing sector to achieve prosperity without…

The US dollar once again gained against rial in Tehran’s both open and official exchange markets on Saturday to maintain its uptrend against the Iranian currency.

Bank Melli Iran, the nation’s biggest lender, is ramping up efforts to teach anti-money laundering principles to its staff. “A total of 1,200 Bank Melli staff members have completed full online…

Saturday was the implementation day for the Central Bank of Iran’s latest major directive on bank interest rates, which has already created a momentum in the banking system as lenders are…

Tehran Stock Exchange’s main index gained 155.30 points or 0.19% to end Saturday trade at 83,428.2.

About 434 million shares valued at $61.64 million changed hands for the day.

…

One of the main hurdles in the way of real privatization in Iran is the existence of semi-private companies that emerged during the flawed privatization process of the not-so-distant past.

Khouzestan Steel Company exported more than 1.22 million tons of steel products in the first five months of the current Iranian year (started March 21), registering an 81.4% increase compared to…

For the second time this year, a group of shareholders of Electricity Meter Manufacturing Company staged a protest in front of the building of Tehran Stock Exchange on Saturday morning. The…