Economy

A member of the Money and Credit Council says the parliaments' go-ahead for the government to use CBI foreign exchange resources to augment the capital of public sector banks can be effective in…

Banks in Iran officially started offering credit cards from Saturday as part of a nationwide scheme to help stimulate demand and replace the defective micro-lending methods prevalent in the…

Export Development Bank of Iran and Hungarian Export-Import Bank will soon sign a deal to start correspondent relations. Ali Salehabadi, the EDBI chief, said that the planned deal would help the…

Major aviation giants Airbus and Boeing announced on Wednesday that they have received permission from the US government to sell aircraft to Iran, part of a series of landmark deals potentially…

In the first five months of the current Iranian year (started March 20), Shahid Bahonar Port in Hormozgan Province’s Bandar Abbas handled 55% more cargo than in the same period of last year,…

Representative from French planemaker Airbus and its American rival Boeing, which recently acquired a vital US license to sell jetliners to Iran, will travel to the Islamic Republic in the coming…

Iran’s Deputy Cooperatives, Labor and Social Welfare Minister Mohammad Amin Sazegarnejad and Ireland’s Department of Foreign Affairs and Trade’s first secretary for Middle East affairs, Stephen…

Iran exported 23,000 tons of non-oil goods worth $23 million to Poland during the first four months of the current Iranian year (started March 20), registering a fourfold rise in value compared…

Iran’s Agriculture Minister Mahmoud Hojjati and his visiting Chinese counterpart Han Changfu are scheduled to sign two memorandums of understanding on Sunday for cooperation in the fields of…

Tehran Stock Exchange’s main index gained 456.50 points or 0.6% to end Saturday trade at 76,907.4.

More than 654 million shares valued at $50.5 million changed hands for the day.

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Iran Mercantile Exchange saw the trading of about 2.7 million tons of commodities worth $1 billion in the Iranian month ending Sept. 21, which indicates an 8% growth compared to the previous month…

The largest semis producer in Iran–Khouzestan Steel Company–has signed a contract with Austria’s Horst Wiesinger Consulting, as it plans to expand production by the end of the current Iranian year…

Iran Veterinary Organization has never issued a permit for the production of organic chicken, which means the country does not produce organic chicken, an official with the organization said.

More than 100 leading Iranian scientists and university professors have signed a statement, voicing their support for the indigenization of transgenic technology.

Transgenic technology…

Investors have fled to bond markets and other safe haven assets, as poor economic prospects lowered appetite for stocks. The exodus also happened among mutual funds, where nearly 99% of their 948.…

The 16th edition of Tehran International Industry Exhibition, known as TIIE 2016, will be held on October 5-8 at Tehran’s Permanent International Fairgrounds.

Cement factories in Fars Province exported 285,700 tons of the construction material worth $11.7 million in the five months of the current Iranian year (started March 20), registering a 134% and…

MG, now owned by China’s SAIC Group, will stop making cars in the UK this year after the parent company decided to move full production back to China.

The company said the move will result…

Malaysia’s Proton, locally known in the past 15 years for its deal with Zagros Khodro, is reportedly in talks with three carmakers, including PSA Group, to sell a significant stake in the firm.

The brakes were pulled on the production of five cars in the Iranian month ending August 21.

One model was the Voleex C30 manual transmission, which used to be produced by Rayen Khodro, a…

Iran’s auto manufacturers produced just shy of 450,000 vehicles in the first five months of the current Iranian year (started March 20), noting a 10% increase year-on-year, new statistics showed…

The eighth specialized exhibition of auto industries and spare parts concluded in Rasht, Gilan Province, on September 24. The four-day event, according to the CEO of Gilan’s International…

The eighth round of National Population and Housing Census begins today and will run through November 15. According to the head of Statistical Center of Iran, Omid Ali Parsa, this round will be…

The US green light for Boeing and Airbus sales to Iran has broken a taboo and opens the door to a potential boom in foreign financial dealings with Tehran, experts said.

Three types of investment are currently under way for the development of Chabahar port which collectively amount to $565 million, said the managing director of Ports and Maritime Organization of…