Economy

The lifting of nuclear-related trade and financial sanctions on Iran, should it materialize, would be credit positive for Iranian banks, says Moody's Investors Service in a report published…

Lending by banks reached 939.7 trillion rials ($31.3 billion at official exchange rates) in the first four months of the calendar year (started March 21), an increase of 16.4% or 132.1 trillion…

The current interest rates offered by banks are more or less “adjusted with the inflation rate” and ensure the interest of depositors, a banking official said, Bourse Press website reported.

A senior bourse official says launching the highly publicized currency futures would be possible after implementation of the unified foreign exchange rate.

The recent reported increase in home sales raises hope that the long stagnant housing market and the economy are slowly leaving recession behind, head of Tehran Association of Realtors said Monday…

Japan and the United States will resume bilateral talks Wednesday in Washington on auto trade issues under the Trans-Pacific Partnership free trade initiative, the Japanese Foreign Ministry said…

The Sixth Exhibition of Vehicles and Vehicle Spare Parts is underway in Ardabil. Officials, MPs, councilors, managers of SAIPA manufacturing group and industrialists are attending the event, Asre…

SAIPA, Iran's second-largest car manufacturing company, apologized to its customers for the low quality of its products, particularly Pride. However, people on Iranian websites have largely taken…

Adaptive cruise control has been an option on some cars for almost a decade. But in a recent national survey, 65% of US drivers did not know what it was.

The survey, by the University of…

Iranian, German and Afghan professors and experts of geology have convened at Geological Survey of Iran to survey the mining resources of Afghanistan and the country’s technical know-how in this…

Any global steelmakers hoping a potential end to sanctions on Iran will fully revive what was once a multibillion dollar import market for their product will be disappointed as Tehran is boosting…

The prevailing recession coupled with cash flow issues kept draining Tehran Stock Exchange on Tuesday with dramatic retreat in daily trade volume and value.

More than 264,000 tons of commodities were offered on Iran Mercantile Exchange’s trading floors on Tuesday.

The export trading floor witnessed the offering of 84,000 tons of bitumen by Jey…

Expanding cooperation between Iran and Portugal in the areas of agricultural trade and technologies was discussed in a meeting between head of Agricultural Ministry’s International Affairs…

It is about two decades that dropped ceiling has turned into a key building component of modern construction in both residential and commercial applications.

Valiollah Seif is peculiar in more ways than one. He took over as chief of the Central Bank of Iran at a time when the economy had plunged into one its worst recessions in recent memory.

Former governor of the Central Bank of Iran Mahmoud Bahmani has rejected recurring claims that the bank had withdrawn money from the National Development Fund of Iran without the fund’s permission…

Prevailing foreign exchange rates are not predisposed to political developments but are rather a function of demand and supply, a former governor of the Central Bank of Iran said, Eghtesad News…

Minister of Economic Affairs and Finance Ali Tayebnia said recent fluctuations in the foreign exchange prices are “interim”, Tasnim news agency reported on Tuesday. “I don’t think the current…

The first national platform for economic and financial data exchange was launched yesterday in the Ministry of Economy. The platform aims to ease the management and increase the transparency of…

About 200,000 tons of kiwifruits will be produced this Iranian year (started March 21), said head of National Union of Agricultural Products, Reza Nourani.

The 12th meeting of Iran-Russia Commission on Trade and Economic Cooperation will be held in Tehran in October. IRNA reported on Monday that the meeting will be chaired by Minister of…

Corn stover registered the highest volume among imported goods during the first five months of the current Iranian year (started March 21) followed by soybean meal, soybeans and wheat respectively…

A memorandum of understanding was signed between the Iranian Minister of Cooperatives, Labor and Social Affairs Ali Rabiei and his Mexican counterpart, Alfonso Navarrete Prida, in Tehran on Monday…

In line with its policy to boost non-oil exports in the coming years, the government has approved new incentives to support exporters and protect them against possible risks.