The economic deputy of the Ministry of Economic Affairs and Finance called on Wednesday for balancing the one-year deposit rate (20%) with the interest rate (14%) of home loans provided by Bank…
Economy
Economy
Governor of the Central Bank of Iran Valiollah Seif has given a mandate to provincial governors, asking them to help CBI fight stagflation and provide small business debtors with bailout loans.…
Economy
Trading of Parsian Bank’s shares was halted at the stock market on Wednesday due to the revision of earnings per share forecasts. According to Bourse Press, the lender’s symbol, Vpars,…
Economy
Despite promises of replacing the Mehr housing project, the government has been somewhat slow in offering a viable alternative.
Over the past few years, several plans were drawn up to…
Economy
Iran's steel sector is expected to grow over the next few years, as the government targets self-sufficiency in its metals sector. The country is the largest steel producer in the Middle East and…
Economy
Close to 85-90 percent of sheepskin produced in Iran are exported in semi-processed forms (rawhide and wet-blue), said a board member at Iran Tanners Association, Hassan Nassirian. “Semi-processed…
Economy
Close to 100,000 tons of iron ore were offered by Sangan Iron Ore Mines at the base price of $17 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday.
Economy
Tehran Stock Exchange’s benchmark settled in red at Wednesday’s close amid overreactions to lingering nuclear negations between Iran and world powers. TEDPIX ticked down 60.77 points or 0.09…
Economy
BMW and Toyota are moving ahead on a project to jointly develop a midsize sports car with an agreement on common underpinnings for the model. The program to create the vehicle is "progressing…
Economy
Statistics show nearly 60% of auto parts in the Iranian market have been smuggled into the country, an official with Iran's Chamber of Commerce, Industries, Mines and Agriculture, said.
…
Economy
Uber Co., the world's largest application-based taxi hailing service, and two of its bosses will go on trial in September over the company’s allegedly "illegal" ride-booking practices, prosecutors…
Economy
French new-car sales jumped 15% in June as two extra working days helped lift registrations.
Economy
2 Cheap Cars, which has built a New Zealand wide chain of car yards selling used imports since starting four years ago, says it plans to enter the market for new cars by parallel importing Toyota…
Economy
Only 30% to 40% of tools and fittings in the Iranian market are produced domestically, Mohammad Taheri, an industrial designing instructor, told IRNA. According to the expert, the high cost of…
Economy
Cement producers have called on the Ministry of Industries, Mining and Trade to increase cement prices by 17%, arguing that the move would not lead to a surge in construction costs.
Economy
Optimism about reaching a final nuclear agreement has helped markets rally and benchmarks to cross challenging resistance lines.
Economy
About 69 percent of listed companies positively contributed to TEDPIX on Tuesday to help the benchmark lift 593.9 points or 0.92 percent to settle at a 7-week high of 64,926.8.
Economy
Iran Mercantile Exchange featured various grades of aluminum and polymers on Tuesday.
Economy
Angouran Lead and Zinc Complex in Zanjan Province has the capacity to produce up to 120,000 tons of sulfide minerals, including sphalerite, lead glance and pyrite annually, according to the…
Economy
Officials in Iran Chamber of Guilds have blamed the excessive number of retail outlets per household on weak manufacturing sector. Recently, the ICG chairman Ali Fazeli estimated that on average…
Economy
The northern province of Mazandaran made 505 billion rials ($17.2 million at official exchange rate) in customs revenues during the first quarter of the current Iranian year (March 21-June 21),…
Economy
Egg prices experienced fluctuations in the domestic market in the last Iranian year (ended March 20), but remained stable in the export markets, ISNA reported. Chicken eggs destined for…
Economy
Deputy Minister of Cooperatives, Labor and Social Welfare Mohammad Taghi Hosseini met with LI Yong, the director general of the United Nations Industrial Development Organization in Vienna and…
Economy
A group of Italian experts in port facilities and naval structures paid a visit to the southern Bushehr Port earlier this week.
Economy
The Central Bank of Iran has reported a 12% increase in the producer price index (PPI) in the 12-month period ending June 21, which marks the end of the third Iranian month Khordad, compared to…
Economy
