The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be used as a solution…
Economy
The Financial Action Task Force–the global body that monitors money laundering worldwide–will have Iran on top of its mind when it convenes for its forthcoming plenary and working group meetings…
More than 2,860 tons of pineapple worth over 86 billion rials ($2.3 million) were imported in the first month of the current Iranian year (March 21-April 20), the Islamic Republic of Iran Customs…
Iranian traders have exported four food shipments to Qatar via an Iran Air cargo Boeing 747, after Saudi Arabia, the UAE, Egypt and Bahrain boycotted Doha, a spokesman for the Iranian flag carrier…
Production of packaging papers (liner and floating papers) grew by 21% in the last Iranian year (March 2016-17) as their imports saw a 40% decline compared with the year before, Parvin Nabati, an…
Some $1 billion worth of commodities were exported from the Persian Gulf Mining and Metal Industries Special Economic Zone in the Iranian year to March 2017, indicating a 20% rise compared with…
Iran’s Jam Industrial Group and South Korea’s New Millennium signed a joint venture memorandum of understanding in Tehran on Saturday worth $1 billion to build cable cars in Iran.
Western manufacturers are shying away from supplying equipment for an Iranian port that India is developing due to the uncertainty over US policy vis-a-vis Iran, Indian officials say, dealing a…
Tehran Stock Exchange’s main index TEDPIX notched up 3.90 points or 0.12% to close Monday trade at 3,163.8.
Over 2.3 billion shares valued at $173.2 million were traded, with the number of…
The Indian government approved on Thursday a memorandum of understanding signed by Iran’s Securities and Exchange Organization and Securities and Exchange Board of India back in November.
Iran’s capital market witnessed the underwriting of its first investment fund with Bahar Azadi Gold Coin as its underlying asset on Saturday. Offered by Lotus Investment Fund, Lotus Gold Fund’s…
Sources familiar with the workings of Iran Khodro Group say the company is about to start presale of the long-awaited Peugeot 2008 crossover model.
Private carmakers barely account for 11% of the local auto manufacturing industry, local auto production data indicate.
New-car registrations in Russia increased 15% in May, the third consecutive month of higher sales after years of poor sales due to US and EU sanctions.
Registrations rose to 124,990…
Heavy goods vehicles producer Iran Khodro Diesel Co (IKD), a subsidiary of IKCO, the biggest auto producer in the country, has appointed Alireza Saji as its new chief executive officer. Saji…
Iran Aseman Airlines signed a final contract with the American planemaker Boeing in Tehran on Saturday to purchase 30 B737-Max passenger jets worth $3 billion based on catalog prices with the…
A Swiss couple Magdalena and Benedikt, traveling across Europe and West Asia, are attempting to demonstrate that electric cars are a viable alternative to gasoline-fuelled vehicles.
Three ministries have been added to the list of official entities mandated to freely provide financial data to businesses and citizens alike, as part of the Freedom of Information Access platform…
Tose’e Ta’avon Bank (Cooperative Development Bank) is set to allocate 42 trillion rials ($1.12 billion) in loans to the cooperatives sector, the bank’s CEO announced.”Fifty trillion rials ($1.33…
Recent measures taken by the administration of President Hassan Rouhani to thicken the capital cushion of state-owned banks have reduced the deposit risk of the housing sector’s agent bank, a…
The Cabinet has approved new tax regulations concerning a host of housing activities during its latest meeting on Wednesday, which replace the old tax laws with more pragmatic and precise ones,…
Close to 44,000 tons of fresh tea leaves worth 1.03 trillion rials ($27.57 million) have been purchased from farmers in the first tea harvest in Gilan and Mazandaran provinces, the head of Iran…
Wheat production is estimated to decrease by 6-7% in the current Iranian year that started on March 21, the head of Plant Protection Organization of Iran said.
“This will be a result of the…
The key Iranian port of Chabahar where India has a key stake is not only being expanded as a gateway to Afghanistan but also being considered as an entry point to Central Asia following President…
A commercial delegation from Alborz Province’s Chamber of Commerce, Industries, Mines and Agriculture is scheduled to visit Poland, Estonia and Germany from June 25 to July 1, the province’s…
