Economy

Algerian Minister of Industry and Mines Abdesselam Bouchouareb and Iranian Ambassador in Algiers Reza Ameri, in a meeting in Algeria on Wednesday discussed avenues to expand bilateral ties.

During a meeting between Portugal’s Secretary of State for Food and Agri-Food Research Nuno Vieira e Brito, who was accompanied by a trade delegation, and Iran’s Minister of Agricultural Jihad…

Two months have elapsed since the nuclear agreement between Iran and the P5+1 countries, and much has been written and said about the necessity of restructuring Iran’s trade regime to accommodate…

During a meeting between China’s Ambassador to Iran Pang Sen and Governor of Khorasan Razavi Province Alireza Rashidian in Mashhad on Tuesday, the two sides discussed cooperation in the…

Latest data show about a 30% drop in the value of white cement exports during the first five months of the current Iranian year (ended August 22).

The figures, released by Iran Customs…

More than 152,000 tons of commodities were offered on Iran Mercantile Exchange’s different trading floors on Wednesday. As IME reported, the oil and petrochemical trading floor played host to 70,…

Tehran Stock Exchange’s main index extended its retreat and lost 269.5 points or 0.43% to end at 62,267 on Wednesday.

Iran’s vast, untapped market can be a great market for Australian products.

During a meeting between Australia’s Ambassador to Iran Paul Foley and head of Iran’s Chamber of Commerce,…

The Organization for Investment, Economic and Technical Assistance of Iran is expecting up to $30 billion in foreign investment in Iran’s equity market during the sixth five-year economic…

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…