Economy

Pars Khodro, one of Iran’s major auto manufacturers, has started the trial production of Renault Sandero, ISNA reported on Wednesday.

According the company CEO, Nasser Aghamohammadi, the…

The auto loan ceiling in Iran has been raised to 150 million rials ($4,450 at market exchange rate) following the recent approval by the Money and Credit Council (MCC), with the Central Bank of…

General Motors has cut vehicle prices in China after sales fell last month in the world’s largest automotive market, Reuters reported on Wednesday. The No. 1 US car maker’s joint venture with SAIC…

UK’s High Court has ruled that a $4 billion damages trial brought by Iran’s Bank Mellat against the Treasury should proceed after it rejected the UK government’s attempt to delay the hearing, the…

Close to nine billion dollars was raised through Iran's capital markets in the year ending March 21, 2015.

Legal experts have welcomed the establishment of specialized courts to tackle financial cases, saying a vacuum had been felt in this regard in the judicial system over the years.

Tehran’s…

An expert has supported the currency swap agreements the Iranian government has recently signed with several neighboring countries, arguing that they would benefit the national economy.

The Maku Airport will come into operation in the city of Maku, West Azerbaijan Province, as of July, director general of Maku Free Zone, Hossein Forouzan announced on Tuesday, as reported by ISNA…

The fifth meeting on the expansion of cross-border economic cooperation between Iran’s West Azerbaijan Province and four Turkish provinces of Van, Hakkari, Acri and Igdir opened in the…

About 177,000 metric tons of detergents and toiletries, worth $138 million were exported in the past Iranian calendar year (ended March 20), director general of health, medicine and food industry…

Many foreign investors and businesses were forced to leave the Iranian market as the economic sanctions against Iran —imposed by the West over the country’s nuclear energy program— intensified in…

The 202th summit of Economic Cooperation Organization (ECO) Council of Permanent Representatives was held on 11-12 May in the city of Kashan in the central Isfahan Province.  As Mehr news…

Barley is a common staple food and a popular cereal in many countries, surpassed only by wheat, corn and rice. The plant can be cultivated in most parts of Iran due to its adaptability with dry…

The rapid growth in aluminum output in the first month of the current Iranian calendar year (ended April 20) has brought hope that the country may graduate from the current 19th biggest global…

The Tehran Stock Exchange's benchmark notched up 0.39 percent at Tuesday trading, after the banking sector provided the biggest boost to the TEDPIX.

Around 57 percent of the companies…

First Vice President, Es’haq Jahangiri, inaugurated an industrial facility in the central Yazd Province on Tuesday, Mehr news agency reported. The factory produces steel radiators for central…

Tuesday trading at Iran Mercantile Exchange saw the offering of 36 grades of polymers in the spot market, IME public relations reported.

The Iran Fara Bourse (IFB) main index, IFX, extended its uptrend and notched up 10.22 points or 1.22 percent to stand at 729.65 on Tuesday trading to catch up with the Tehran Stock Exchange.

Google has announced it is banning user edits to its Google Maps after admitting it can’t stop people from abusing the system. However the policy does not apply to Iran.

In April, the firm…

The first conference on "Smartphone Use and Lifestyles" will be held on June 10-11, IRNA reported on Monday.

Debates will include the socio-cultural effects of smartphone usage and national…

Calling non-urgent three digit service numbers will no longer be free of charge, ISNA reported on Sunday.  Following the approval of the parliament, phone bills issued by the…

The Central Bank of Iran can prepare new banking contracts to address religious concerns of all five branches of Sunni Islam, an official with the bank said on Sunday.  “There is no…

With a debate heating up around fluctuations in the currency market and the need for unification of the foreign exchange rates, an administration official has argued that time is not right for…

All board members of Mizan financial and credit institution were detained by the police in Mashhad, Khorasan Razavi Province, after a judge ordered the arrests on Sunday.

Board members of…

Long caffeine fueled working hours, Armani suits, and fat bonuses. Investment banking is one of the more lucrative branches of financial services. In Iran, however, the business is just at its…