Economy

Central Bank of Iran hosted an Algerian delegation Tuesday headed by Bank of Algeria’s governor and the country’s ambassador.

Valiollah Seif, the CBI governor, referred to close political…

 Engineers employed with municipalities and state or government organizations should not be members of relevant engineering and construction associations, a member of the Tehran Engineering…

The insurance industry is moving on the right path, the minister of economy was quoted Wednesday by Iran’s Central Insurance Company as saying.

Share of the government in the insurance…

The lifting of international sanctions on Iran will boost the country's economy and fuel the growth of Islamic finance, Standard & Poor's Ratings Services said on Tuesday.

Volatility in the foreign exchange market widened the gap between the official and free market forex rates on Wednesday. In late trading the greenback was sold for 34,050 rials in the free market…

The Central Bank of Iran issued 32.5 trillion rials ($1.07 billion at the official exchange rate) worth of participatory bonds in the last fiscal year (ended March 2015). According to CBI data,…

Saipa, the second biggest Iranian carmaker, plans to manufacture Elysee in a joint venture with France's Citroen.

Car enthusiasts and professionals await the opening of Frankfurt Motor Show this week, as the industry emerges out of a long crisis in Europe, but warily eyes slowing demand in China.

Bahman Group, a manufacturer that produces vehicles under license by Mazda, is looking to increase its offering by working with heavy vehicle companies.

Mohammad Reza Soroush, CEO of the…

Iran Khodro Industrial Group sold 44,000 vehicles from July to August, 2,500 vehicles more compared to the same period of last year. IKCO's Marketing and Sales Deputy Manager Mostafa Khankarami…

The Ministry of Roads and Urban Development will settle 10 trillion rials ($330 million at the official exchange rate) of contractors' overdue payments through treasury bills, the minister said…

The Central Bank of Iran has managed to reduce the number of bank branches inside the country by 250, a CBI official announced on Tuesday.

“So far 250 bank branches have been deactivated…

As the economic and banking sanctions begin to fade, Iranian banks can reopen overseas branches which can and should support commerce with the outside world, however, the move would, among other…

The dog days of summer are coming to an end but there is no tangible upswing in the dormant real estate market. The recession-plagued industry has been awaiting relief after the price bubble burst…

Capital adequacy ratio of Mehr Iran Qarzol-Hasaneh Bank is 21% and the bank is planning to increase lending ceiling from 150 million rials ($5,000 at official exchange rate) to 200 million rials…

Ghadir Vehicle Leasing Company’s profit per share reached 238 rials, realizing 46% of company’s projected earnings. The company had predicted a 521 rials profit per share for the fiscal year…

Some 2,500 tons of unshelled walnuts valued at $16.7 million were exported in the first five months of the current Iranian year (started March 21), which shows a 15-fold hike in volume and a…

Agricultural exports to Iraq are no more viable as the country’s fruit and vegetable market is already saturated, said Ilam Province’s deputy governor for coordination of economic affairs and…

An international Iranian halal food brand will be established in the upcoming months, said the head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture at the Sixth Exhibition of…

Eight years after the Ministry of Culture and Islamic Guidance approved the first-ever domestic production of video games, the industry is warming up to the prospect of making its international…

Iran Mercantile Exchange featured close to 310,000 tons of various commodities on its trading floors on Tuesday.

An increasing number of international investors are preparing to trade Iranian stocks once economic sanctions are lifted, according to the head of the bourse in Tehran.

Tehran Stock Exchange’s downward trend continued on Tuesday as it shed 456.50 points or 0.72% to end at 62,356.5.

The 2016-17 budgetary directives indicate a tight fiscal policy that is contradictory to the inflation-reducing monetary policy since only current expenditure absorbs the growth in the budget.

The expansion of mobile telecommunications market can be achieved by facilitating the activities of mobile virtual network operators, the head of Communications Regulatory Authority said.

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