Economy

Deputy minister of roads and urban development says in light of  the arguments made by builders, construction companies, architects and experts at the ministry, the Majlis passed a law…

As the world powers get ready to lift sanctions on Iran, a top banker in the UAE said the banks have to carefully understand this change as they prepare to relax their systems and enable the…

The Central Bank of Iran and Securities and Exchange Organization have tentatively agreed to launch a “secondary mortgage market” for the first time. The decision, which will be announced in the…

Bank Saderat Iran will finance six large industrial projects under its goals to contribute to infrastructure development. BSI will finance the projects mostly in the energy sector. Loans will be…

Bimeh Iran will reimburse its debts owed by the Education Ministry and the Martyrs’ Foundation, the minister of economic affairs and finance said.  “We did not have any real concerns about…

More than 42,000 tons of bitumen were offered on Iran Mercantile Exchange’s export trading floor on Saturday. As IME reported, the floor also played host to 100 tons of roof insulation.

After days of sluggish trade at Tehran Stock Exchange, the overall index TEDPIX was boosted by banking sector’s outperformance on Saturday and rose 220.79 points or 0.34% to settle at 64,497.

Across Europe, businessmen pack conference halls to discover how to unlock Iran’s vast potential after the lifting of sanctions.

Four hundred of them piled into a Swiss hotel in Zurich on…

About 15 million tons of minerals are annually extracted from Semnan’s  500 mines, said the head of Industries, Mining and Trade Organization of the province, Behrouz Asvadi, adding that…

The economic growth for the industries, mining and trade sectors is set to reach 6% in the current Iranian year (started March 21), says the deputy industries minister for planning. Hossein…

Iran’s rail transport system is not able to meet domestic demand, says Minister of Roads and Urban Development Abbas Akhoundi. “Out of the 800 locomotives in the railroad system, already not…

More than 750,000 tons of pomegranates are expected to be produced this Iranian year (started March 21), says head of the National Union of Agricultural Products Reza Nourani. He added that last…

Iran is set to join the club of capital-rich, land-scarce countries involved in agricultural outsourcing as a way to protect its food supply and reduce imports.

Germany’s Lufthansa is excited by the possibilities offered by the opening up of Iran, especially for its maintenance and catering divisions, the airline group’s chief executive told Reuters.

A delegation of businesspeople and investors from the Czech Republic led by the European country’s Minister of Foreign Affairs Lubomir Zaoralek met with members of Isfahan Chamber of Trade,…

Gasoline saved over the past decade since ending the production of Peykans is estimated to be 4 billion liters, according to an Iranian official.  Peykan's production was ended in 2005.…

Iran plans to export cars and spare parts worth $3.1 billion in the Iranian fiscal year 1396 (March 2017- 18).

France's PSA Peugeot Citroen, the biggest-selling European carmaker in pre-sanctions Iran, has suffered a setback in its bid to reclaim that status, as domestic rival Renault has picked up since…

Iran has been selected once again to host the Middle East Rally Championship in 2016.

The Motorcycle and Automobile Federation of Iran made the announcement on Saturday.

The sports…

A  memorandum of understanding was signed between Bank Maskan and New Town Development Company—a subsidiary firm of the Ministry of Roads and Urban Development-- as the first “Property…

Government-owned banks have been unable to expand their capital assets largely due to the growing activities of unauthorized financial and credit institutions across the country, the managing…

Lending by commercial banks grew by 16% to 940 trillion rials ($31.3 billion at official market rate) in the first four months of the current Iranian year (started March 21) compared with the…

Assets of the National Development Fund of Iran will be separated from those of the Central Bank of Iran from the next Iranian year (starting March 20, 2016).

The Monetary and Banking Research Institute of the Central Bank of Iran has recently released a new publication named “E-Payment Systems and E-Banking in Iran”, CBI’s website reported on Wednesday…

More than 539,000 tons of commodities valued at $160 million were traded at Iran Mercantile Exchange during the week that ended September 2. The industrial and mining trading floor witnessed the…