Economy

Point-to-point inflation will again jump to double digits before the current  fiscal year is out (March 2017) but is no cause for concern, says the research director of the Monetary and…

Following the imposition of financial sanctions in 2012 by the US for its nuclear program, it was almost impossible for the west to do any business with Iran. Those sanctions were lifted earlier…

A little less than a year has passed since the lifting of the nuclear-related sanctions on Iran. Many were expecting an immediate lift in markets with the removal of the economic sanctions,…

The government plans to slap duties on unprocessed iron ore exports as of the next Iranian year (to start March 20, 2017). This is while the industry players contend that exports are their last…

Tehran Stock Exchange’s main index gained 293.00 points or 0.37% to end Monday trade at 79,314.5.

More than 898 million shares valued at $65.1 million changed hands for the day.

…

The Pakistan government has announced its decision to lease Pakistan Steel Mills to a Chinese or Iranian company amid the absence of an investor needed to complete the privatization. Privatization…

Primary aluminum ingots originating from Iran are still on offer in the Turkish market below the prevailing market price.

Ghadir Investment Company is aggressively expanding its operations and size in capitalizing on the lifting of sanctions against Iran.

By raising capital and investing heavily in multiple…

As much as it sounds flashy, it is real. Germany is willing to connect with Iran in achieving the marriage of technology and industry, otherwise known as “Industry 4.0” or the fourth industrial…

The Tourism Holding Company has received proposals from renowned international groups to build 30 hotels in Iran.

Close to 1.7 million tons of non-oil goods valued at $670 million were exported to Japan during the seven months ending October 21. The export value stood at a meager $23 million in last year’s…

Iranian firms manufactured more than 111,000 tons of tires and inner tubes during the first half of the current Iranian year (started March 20), which indicates a 14% rise over last year’s…

Iran-Iraq border crossings of Mehran in western Ilam Province and Shalamcheh in southwestern Khuzestan Province will be closed to cargo transportation from November 14 to 21, as the number of…

Iran’s Minister of Roads and Urban Development Abbas Akhoundi met with his Chinese counterpart, Li Xiaopeng, in Beijing on Monday to discuss avenues of expanding cooperation in the transportation…

Iran Khodro was followed by its main rival, SAIPA—the second largest auto manufacturer in Iran—in terms of cars sold in the Iranian market.

Donya-e-Eqtesad, the sister newspaper of…

Iran Khodro is looking beyond traditional markets and is keen on marketing its low-cost vehicles in the Nigerian market.

Olusegun Awolowo, director of Nigerian Export Promotion Council,…

As long as the Iranian National Standards Organization certifies the quality of a car, its production should not stop.

Nayyereh Pirouzbakht, the head of INSO, noted that there are a set of…

China’s Great Wall Motor, the maker of the communist country’s top-selling sport utility vehicles, plans to launch a new high-end brand next week, the latest attempt by a Chinese automaker to…

The two largest Iranian auto manufacturers, Iran Khodro and SAIPA, owe 40 trillion rials ($1.1 billion) to parts manufacturers, according to officials at a recent press conference.

Pars Khodro, a subsidiary of SAIPA, plans to bring another Chinese-derived Brilliance model to Iran in January. The new car, which is part of the same family of the other Brilliance models,…

Addressing renewed calls for dropping three zeros from Iran’s national currency, Ali Tayyebnia, the economic minister, supported the move. He, however, was soon to add that the time is not…

The Central Bank of Iran has issued a directive requiring travelers and truckers in  transit entering the country to declare currency valued over $10,000 to the Ministry of Economy’s…

Saman Bank has started offering real estate consultancy services to its VIP customers, helping them rent property and manage their earnings. Saman, through a subsidiary company, will help…

A law that was approved nearly a decade ago and provides incentives to finance the housing sector has been officially communicated to the relevant bodies by first vice president Eshaq Jahangiri.…

Tehran Stock Exchange’s main index gained 37.80 points or 0.05% to end Sunday trade at 79,048.5.

More than 1.1 billion shares valued at $109 million changed hands for the day.

Saipa…