Economy

It seems like a decent chunk of Google's big news today deals with its partnerships. The search giant is already teaming up with Levi's to explore the realm of smart Jacquard clothes, and now…

The recent decision by Money and Credit Council to raise the borrowing ceiling for first-time buyers in Tehran to 800 million rials ($24,000 at market exchange rate) and 600 million rials ($18,000…

The chief executive of Alborz Investment Company, Mohammad Ali Mirza Kuchak Shirazi, has outlined the company’s current statistics and financial plans for the current Iranian year (started March…

A Abanking executive had called for further cut in reserve requirement ratio, saying the current rate pushes banks to deposit a large amount of their capital in the central bank, a move that would…

Bank Melli sparked nationwide outrage after it charged the clients 50,000 rials as SAPTA subscription fee without prior notice on Friday.

Tehran Stock Exchange’s overall index oscillated between gains and losses before ticking up 18 points or 0.03 percent at Saturday’s close to end at 63,420.1.

Iran’s second biggest facility to produce copper cathodes will be inaugurated within the next three months in Tarom Copper Mine in Qazvin Province, Mehr News Agency reported. According to head of…

A report by the ministry of industry, mine and trade reveals Iran's global ranking in production of five strategic commodities, namely steel, cement, iron ore, aluminum and automobiles, from 2010…

Amid the ongoing long recession in the domestic steel market, steelmakers have urged the government to revive suspended development projects with the aim of increasing domestic consumption. They…

The dried fruit market is facing a shortage of walnuts, causing not only a reduction in exports, but a hike in smuggling, Eghtesad-News quoted head of Dried Fruit Exporters Association, Mohammad-…

Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh has welcomed investments by Iranian expatriates in domestic industries, saying: “The manufacturing sectors can forge partnership with…

More than $17 billion worth of various goods, including home appliances, cosmetics, mobile phones and cigarettes, are smuggled into the country every year, head of the Central Taskforce to Combat…

Trade between Iran and Turkey stood slightly above $3.5 billion during the four months since a preferential trade agreement (PTA) came into effect in January 2015, which indicates a 17% decline…

A delegation from Slovakia left Iran on Saturday after a weeklong visit aimed at scoping out possible opportunities to develop bilateral trade ties in different areas, including glass design and…

BMW is recalling 420,661 US vehicles due to issues involving Takata airbags, US auto safety regulators said, Reuters reported.

BMW of North America said it is recalling 20 models from 2002…

Toyota Motor kept its title as the most valuable car brand in 2015 despite recent airbag recalls denting its worth, Auto News Europe reports, citing a new study.

BMW remained No. 2,…

The CEO of Saipa, Iran's second largest carmaker, has been replaced after three years, IRNA reported on Friday. Saeed Madani was replaced by Mehdi Jamali during a ceremony in Tehran. Madani's…

Years have passed since leasing firms gained their foothold in Iran. Statistics show that around 600 leasing companies are operating in Iran, but only 32 are under central bank’s supervision.…

Global and domestic gold prices are not expected to fluctuate much in the coming days, said Mohammad Keshti-Aray, head of Tehran Gold and Jewelers Union, on Thursday.

“The market has been…

E conomists and state officials have commonly taken a dim view of excessive agricultural imports since it is contrary to the very premises of a Resistance Economy doctrine that has been hailed as…

The governor of Central Bank of Iran has advocated raising banks' capital as a strategy to make an exit from the recession and achieve economic growth.

Employees of Sina Bank celebrated the lender’s 30th anniversary on Friday. The entity was established as Bonyad Credit Institution in May 1985 with an equity of 10 billion rials. It received a…

India has allowed the Kudremukh Iron Ore Company (KIOCL) to source iron ore from Iran to manufacture iron ore pellets under rupee trade mechanism and export it back to Iran to be used in Iranian…

At least 300 million square meters of ceramic tiles are piled up at factories or in distributors’ storehouses, as the manufacturers face shortage of demand in both domestic and foreign markets,…

Some 5.4 trillion rials ($187.3 million based on official currency exchange rate) have been allocated to the mining sector out of the mining royalties which will be received in the current Iranian…