The Royal Bank of Scotland is reported to have reached a settlement with its Iranian customers who charged the giant high street bank of discriminating against them based on their race.
The…
Economy
Economy
As the Turkish lira continues to lose value against the US dollar, experts are weighing the potential consequences of such a fall for the Iranian economy given the large bilateral trade between…
Economy
After the Money and Credit Council finalized a decision on deposit rates in a meeting held on April 28, it also announced approvals on the reserve requirement rate, among other issues.
Economy
Food exports are set to increase to $3 billion in the current Iranian calendar year (started March 21), according to the director general of health ministry’s food, medicine and health office.…
Economy
Tea plant harvest has officially started, head of Iran’s Northern Tea Farmers’ Union, Iraj Mousemi, announced as reported by ISNA. The official noted that out of 32,000 hectares of tea farms in…
Economy
Head of the Association of Iranian Confectionery Manufacturing Companies, Jamshid Maghazeie warned against irregular import of chewing gum, adding that chewing gum worth about 15 trillion rials ($…
Economy
Monthly producer price inflation decreased by 2.4 percent in the Iranian month of Farvardin (March 21-April 20), bringing the rate into single digit territory for the first time in years,…
Economy
The Iraqi government’s decision to triple import duties has given rise to concerns among manufacturers and traders, arguing that the decision will lead to reduced competitiveness compared with…
Economy
A trade surplus of $760 million was recorded in the first month of the Iranian calendar year (March 21-April 20) according to data released by the Islamic Republic of Iran Customs Administration (…
Economy
Iran and the Czech Republic have agreed on a tax treaty according to which businesses and traders from both countries will be exempt from double taxation mechanism, IRNA reported.
The…
Economy
South Korea is planning to expand its service trade with Iran in May in an effort to restore bilateral commercial ties; Eghtesad News reported, citing Seoul-based news agency Yonhap. …
Economy
Despite last month’s agreement between Iran and the West, which lays out the framework for a possible final nuclear deal in June, the Tehran Stock Exchange has not fared well. The TSE’s…
Economy
After an eight-year hiatus, the construction of the first phase of South Aluminum Company (SALCO) was launched in the southern Fars Province. The company has the annual capacity of producing 300,…
Economy
Cement is considered as an indicator for development in developing countries since it is a key component of concrete, which is essential to the implementation of infrastructural plans. Despite…
Economy
The Iranian Privatization Organization (IPO) says the winner of the bid to buy the major football club Perspolis will be announced this week, according to the IPO public relations.
Economy
The Iran Mercantile Exchange has decided to gradually shut down the spot market (physical marker) by the end of the current Iranian calendar year (March 19, 2016) in a bid to pave the way for…
Economy
Lingering jitters weighed on the Iran Fara Bourse overall index (IFX) amid a lower trade volume during the week that ended April 29, IFB public relations reported.
More than 1.31 billion…
Economy
Another week of increased volatility in Tehran Stock Exchange (TSE) pushed the TEDPIX down as lucrative Initial Public Offerings (IPO) failed to shake off the lingering ambiguities to spur…
Economy
Electric car pioneer Tesla unveiled a "home battery" Thursday, which, according to its founder Elon Musk, could help change the "entire energy infrastructure of the world."
According to AFP…
Economy
US auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors and Ford, Reuters…
Economy
Renault India rolled out its first multi-purpose vehicle (MPV) - the Lodgy - in India earlier in April, and the company is now planning to launch an 800cc small car to take on Maruti Alto 800 and…
Economy
General Motors, previously owned by the US and Canadian governments, has confirmed it will cut 1,000 jobs at its Oshawa, Canadian assembly plant, even as it announces $5.4 billion in investment in…
Economy
Ford Motor Company said it was expanding a recall to include 156,000 more vehicles to fix a potential door latch malfunction, according to Reuters. The recalls include certain Ford Fiesta, Fusion…
Economy
After seven consecutive days of downbeat performance, the Tehran Stock Exchange’s overall index notched up 0.19 percent at Wednesday close, with contribution from the second market index.
Economy
Golgohar Mining and Industrial Company offered around 100,000 tons of iron ore, priced at $27 per ton, on the Iran Mercantile Exchange export trading floor on Wednesday trading, IME’s public…
Economy
