Economy

Lawmakers on Wednesday officially ratified Iran's membership in Asian Infrastructure Investment Bank, the international investment bank launched in 2015 by China.  

The parliament also…

Six auctions are to take place by the end of the fiscal year (March 20, 2017) for selling the excess properties of banks, said the head of the Company for Selling Banks’ Excess Assets aka Fam.…

Lawmakers on Wednesday allowed the government to take out up to $5 billion in loans from Russia for the development of civil projects. Renewable energies, nuclear power, railroads, highways, dams…

Trade data released on Tuesday did little to allay concerns about the stagnating industrial sector. Market observers have been concerned about an ongoing slowdown in industrial activity. The…

Minister of Industries, Mining and Trade Mohammad-Reza Nematzadeh appointed his deputy Mojtaba Khosrotaj as the new president of Trade Promotion Organization of Iran after Valiollah Afkhamirad…

The director of Iran’s National Tax Administration says $80 billion in foreign investment will be needed to achieve the 8% annual economic growth enshrined in the next five-year economic…

Iranian companies  are interested in contributing to the construction of a massive canal across Nicaragua that a Chinese company is to build, Foreign Minister Mohammed Javad Zarif said…

Iran exported 676,200 tons of non-oil goods worth $262.6 million to the Republic of Azerbaijan during the first four months of the current Iranian year (March 20-July 21), which indicates a…

The National Iranian Oil Products Distribution Company has temporarily put on hold its new controversial method for airlines to settle the refueling bills. As of Monday, airlines in six airports…

The Central Securities Depository of Iran issued 61 trading codes for foreigners to trade in Iran’s equity market during the first five months of the current Iranian year (March 20-August 21),…

The government has decided that 2,000 subway cars be imported to meet growing demand in the big cities. It is planning to invite international tenders for the purchase, IRNA reported. The move is…

A factory producing paper from agricultural waste was inaugurated in the small town of Ashkezar in Yazd Province on Wednesday. More than 172 billion rials (over $4.8 million) has been invested in…

Iran’s mineral industries have received a new lease of life following the easing of economic sanctions in January, as part of last year’s historic nuclear deal between Iran and the six world…

A forum titled “Silk Road Economic Belt” opened in Tehran on Tuesday with focus on friendly exchanges and cooperation between China and the Islamic Republic, Chinese state-owned news agency China…

Iran will open in Belgrade an economic and trade center for the Balkans and Southeast Europe in the next two months, a Serbian Trade Ministry official said after a meeting with Iran’s ambassador…

Tehran Stock Exchange’s main index gained 117.50 points or 0.15% to end Wednesday trade at 78,081.5.

More than 1.1 billion shares valued at $69 million changed hands for the day.

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SAIPA, Iran’s second largest auto manufacturer, has produced 50,000 units in the last Iranian month (ended August 22) and broke its earlier record.

This marks a 53% rise compared with the…

Tesla Motors Inc crowned itself the maker of the world’s fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-60 miles per hour in just 2…

One of the least enjoyable parts of buying a car is trekking to a dealership and spending hours behind the wheel with a pushy salesperson.

Amazon, in partnership with Hyundai, is looking to…

Arak is set to host the seventh international automobile and car parts exhibition in September.  The exhibition will be organized by the Industrial Development and Renovation Organization.

On August 23, 1991—25 years ago—the public gained access for the first time to the World Wide Web, designed and deployed by computer scientist Tim Berners-Lee at CERN in Switzerland.

It…

Banks have increased their lending and their financing has revived 7,000 industrial units that had gone out of business due the recession, announced the minister of economy on Tuesday.

Pakistan is intent on increasing its trade volume and business cooperation with Iran and to do this, the two countries should work together to remove trade barriers, said the chief executive of…

Chief executive of EN Bank denied that deposits have exited the banking system as a result of recent cuts in interest rate. CEOs of some major private lenders have reportedly protested against the…

Lawmakers on Tuesday passed the amendments to 2016-17 annual budget law, allowing the government to settle its debts to the banking sector by using the Central Bank of Iran’s foreign exchange…