Economy

Bank Melli Iran has provided over four million Qarzol-Hassaneh (interest-free) loans worth 87 trillion rials ($2.3 billion) in the past four years, the bank’s website announced. The value of…

The total volume of six state-run specialized banks’ debts to the Central Bank Iran by the end of the last Iranian year (March 20, 2017) reached 494.4 trillion rials ($13.2 billion), marking an…

The First Specialized Fruit Industry Exhibition is scheduled for August 22-25 in Tehran’s Olympic Hotel, an executive manager of the event said.

Some $270 million worth of decorative stones were exported in the last Iranian year (March 2016-17), registering a 35% increase compared to the year before.

"The production of ornamental…

Iran Chamber of Guilds has put forward a proposal to the Social Security Organization to eliminate employers’ share of insurance premiums for small workshops with fewer than five employees, the…

More than 650,000 tons of goods were loaded and unloaded in the southern port of Bushehr in the first quarter of the current Iranian year (March 21-June 21), the head of Bushehr Province’s Ports…

Exports from Iran’s seven free trade zones increased by 31% from $640 million two years ago to reach $840 million in the last Iranian year that ended on March 20, 2017, the deputy for production,…

The judiciary branch can play a pivotal role in Iran’s economic growth, the chairperson of Competition and Privatization Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture,…

Iran Mercantile Exchange’s trade value stood at 817 trillion rials ($21.78 billion) during the previous fiscal year (March 2016-17), accounting for 6.5% of Iran’s gross domestic product, IME’s…

The volume of agricultural waste in Iran is twice the global average. Currently, up to 30% of agro products go to waste in the country during the stages of pre-harvest, harvest, post-harvest and…

The execution phase of the state-run Internship Action Plan will start on July 12, Alaeddin Azvaji, an official with the Ministry of Cooperatives, Labor and Social Affairs, has announced.

“…

The Tehran Stock Exchange is planning to hold a competition dubbed “League of Iran Stock Market Stars” to introduce equity trading to students of finance, economics, management and accounting, the…

Tehran Stock Exchange’s main index gained 391.60 points or 0.5% to end Monday trade at 79,377.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About 585…

Iran's top engineering and energy enterprise MAPNA Group on Monday unveiled an improved design of a gas turbine for use in domestic power stations as well as a major power…

SAIPA has taken the covers off its joint venture with Citroen, announcing that the first car to roll off the production line will be the Citroen C3 hatchback.

The joint venture created at…

The Competition Council has permitted domestic automakers to raise the prices of some cars, while there is no logical explanation behind such a decision, a council member said.

The joint venture between Iran’s biggest domestic automaker Iran Khodro and France’s Peugeot, IKAP, has launched a three-day sale of Peugeot 508 over the weekend, according to Iran Khodro’s…

Kerman Motor, a local auto manufacturer and official representative of China’s JAC, aims to grab a bigger market share by introducing new models. As revealed by domestic media outlets, Kerman…

Pars Khodro, a subsidiary of the second biggest Iranian automaker SAIPA, has finally agreed that the long-awaited Brilliance C3 SUV will hit the roads before the summer ends, the company’s CEO…

The consortium of Iranian insurance companies headed by Iran Insurance Company has paid €94 million as compensation for last year's conflagration that ravaged Bou Ali Sina Petrochemical Complex,…

Lenders in all provinces have been notified of the plan for paying 100 trillion rials ($2.66 billion) worth of loans aimed at renovating and rebuilding production units, the deputy industries,…

Bank fees and their forex income should be increased to lower the interest rates in the banking sector, the CEO of Export Development Bank of Iran said. “The Central Bank (of Iran) recently issued…

The Iranian Parliament, apparently heeding the warnings of its research arm, on Sunday approved a measure requiring the Management and Planning Organization to establish a comprehensive online…

Close to 235,000 tons of goods valued at 651 billion rials ($17.2 million) were exported from Bandar Lengeh in the southern Hormozgan Province during the three months to June 22, recording a %73…

Cotton boll production is estimated to increase by more than 12% to reach 180,000 tons in the current Iranian year (March 2017-18), up from last year’s 160,000 tons, the executive of the Cotton…