Chinese carmaker Chery has signed a memorandum of understanding with Bank Saderat Iran to offer special savings accounts linked to a possible future car purchase.
Carmakers in Iran offer…
Economy
Economy
Local automakers were recently given the go-ahead by the Competition Council to raise prices and one lawmaker says he would keep an eye on their actions.
The so-called Competition Council…
Economy
Auto importer, Datis Khodro, will offer five new Volvo models in the market in the near future.
Milad Alinaqi, the company’s CEO, said Datis will purchase the XC90, New XC60, V40, S90 and…
Economy
According to the latest customs data 23,266 vehicles were imported into the country in the first four months to July, up 55% y/y. Figures released by Islamic Republic of Iran Customs…
Economy
The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Thursday afternoon. The greenback was…
Economy
Iran’s jewelry market registered strong growth in the second half of 2017, with demand rising 20.5% at an annualized rate to hit 22.9 tons, according to a report by World Gold Council released…
Economy
In view of the scale of Chinese finance coming from Iran, China’s Ambassador to Iran Pang Sen and Governor of the Central Bank of Iran Valiollah Seif in a meeting on Wednesday emphasized the…
Economy
The much-anticipated plan to integrate the payment systems of Iran and Russia is now in sight, with top officials from Iran and Russia agreeing in Moscow to implement it as early as November.
Economy
The gap between what Canada sells to the world and what it buys, stretched to $3.6 billion in June, as exports fell back from recent highs, while imports increased.
Following three…
Economy
The Italian economy is benefiting from the improvement in the industry sector and stronger labor market dynamics that has driven consumer and business confidence higher, the statistical office…
Economy
More than 12.6 million tons of goods, mainly oil products, were loaded and unloaded in Iranian ports during the fourth month of the current fiscal year (June 22-July 22), registering a 10%…
Economy
As of the fiscal 1981-2, Iranian industries have experienced three periods of major transition.
Economy
Tehran Stock Exchange’s main index TEDPIX lost 243 points or 0.3% during the week that ended on August 2 to end at 81,265.9.
The main index of the smaller over-the-counter exchange Iran…
Economy
Iran’s sole heavy plate producer plans to establish a slab production plant with a capacity to produce 1.2 million tons per year to expand the output of its special-grade steel products.
Economy
Iran hoped that agreeing to curtail its nuclear program would encourage foreign firms to pour tens of billions into the country. But the flood of major investment has not materialized—and that’s…
Economy
Track-laying for a railroad connecting the western provincial capital of Kermanshah to Iran’s national rail network has been completed, Construction and Development of Transportation…
Economy
More than 8 million tons of wheat worth close to 105 trillion rials ($2.74 billion) have been purchased from local farmers across the country so far this year, a deputy chairman of Government…
Economy
The 14th International Exhibition of Wood Industries Machinery, Fittings and Raw Materials, also known as Woodex 2017, opened in Tabriz International Fairground on Thursday.
Economy
In Boeing’s talks with Iran Air after major powers signed the nuclear deal with Iran in 2015, the American planemaker offered to sell two available wide-body 747-8 jetliners to the flag carrier,…
Economy
Iran is set to send two locally produced satellites into orbit before the end of the current year in March 2018.
According to the director of the Iranian Space Agency, Mohsen Bahrami,…
Economy
China held a drill on Thursday with Internet service providers to practice taking down websites deemed “harmful”, as the country’s censors tighten control ahead of a sensitive five-yearly…
Economy
Microsoft has named artificial intelligence as one of its top priorities in a financial filing.
The annual report for the company’s 2017 fiscal year, which ended on June 30, now includes…
Economy
The knowledge-based business Tosan Techno is set to offer Mobile Point of Sale devices. According to the marketing manager, Jamshid Azadeh, the commercial sales of the device will be launched soon…
Economy
Agricultural machinery exports reached $6 million during the first three months of the current Iranian year (started March 21), a deputy minister of industries, mining and trade said.
“At…
Economy
Around 272 tons of chicken with no antibiotics used in their breeding have been produced in South Khorasan Province in northeast Iran so far in the current Iranian year that started on March 21,…
Economy
