Economy

Mohammad Reza Shahbakhsh, CEO of Kerman Motors Industrial Holding Group has appointed Saman Firouzi as CEO of Kerman Motors on June 9.

Kerman Motor and its many subsidiaries manufacture…

The government has purchased more than six million tons of wheat from local farmers since the beginning of the harvest season in late March, indicating a 13% increase compared to last year's…

Couples seeking housing loans in the form of housing bonds, will be eligible irrespective of the date of their marriage, Bank Maskan announced Sunday. Furthermore, all couples – not just the ones…

Bank of Industry and Mine has financed 560 small and medium-sized industrial plans with 12 trillion rials ($389 million), the bank’s CEO, Ali Ashraf Afkhami, said Sunday in a meeting with Minister…

International banking constraints looming over Iran’s economy will persist until the US presidential election in November, a prominent energy analyst said at the weekend.

The 9th International Exhibition of Exchange, Bank & Insurance opened in Tehran on Sunday with government officials and public sector and private bank CEOs in attendance. The three-day event –…

President Hassan Rouhani said Sunday the banking overhaul plan will be implemented before the fiscal year is out in March 2017, calling it “the most important financial and monetary package for…

Date production and exports are expected to rise in the current Iranian year (March 2016-17). According to the Agriculture Ministry, the output is estimated to increase by 100,000 tons from last…

Deputy Transport Minister Ali Nourzad says 1,500 kilometers of under-construction roads across the country will be completed by the end of the current Iranian year (March 20, 2017).  “…

The Food and Drug Administration of Iran has banned the import of Chinese dental equipment as well as autoclaves (dental sterilization units). The measure has been taken in support of domestic…

About 17-20% of Iran’s total exports head for Iraq, according to Iran’s commercial attaché in the neighboring country. “Iran’s exports to Iraq are three times as much as its exports to Europe,…

The import tariff on mobile phones has been reduced from last year’s 7% to 5% in the current Iranian year (March 2016-17), says the deputy head of the Association of Audiovisual Equipment…

The Iranian National Tax Administration has taken a new step toward trusting taxpayers and changing its operational procedures in line with the adoption of new Direct Tax Code, which aims to boost…

Iran bought 60,000 tons of Brazilian raw sugar last week in one of the first purchases this year after sanctions were lifted in January with further imports expected in coming months.

Tehran Stock Exchange’s main index inched up 47.60 points or 0.06% to end Sunday trade at 73,764.2.

More than 782 million shares valued at $61.8 million were traded for the day.

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Iranians love fast food, not only for the cuisine itself, but as a leisure activity and a means of socializing, reads a white paper authored by Tehran-based management consulting firm ILIA…

The fourth bond-only exchange-traded fund started the four-day process of selling its investment units on Saturday at Tehran Stock Exchange.

The ETF, named Parand, will only invest in fixed…

The fifth international exhibition of elevators, escalators and related industries and equipment known as Iran Liftex 2016 opened in Tehran on Saturday. The expo was inaugurated by Industries,…

A locally developed text-to-speech software known as Ariana 3 was recently launched by an Iranian tech company.

Text to speech, abbreviated as TTS, is a form of speech synthesis that…

Researchers at a knowledge-based company have designed an automatic trolley for washing and bandaging wounds, according to a new report from an agency supporting new innovative business.

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Based on a report by the scientific ranking site SCImago hosted by Spain's University of Granada, Iran ranks first in aerospace in the Middle East and 11th in the world.

The Headquarters to Combat Smuggling of Goods and Foreign Currency, affiliated with Iran Customs Administration, is making efforts to reduce tariffs on imported mobile phones.

A panel met recently to discuss guidelines and frameworks that can facilitate the utilization of insurance-linked securities (ILS) business in Iran, according to the Insurance Research Center (IRC…

Primary estimations show that the massive blaze that ravaged Bou Ali Petrochemical Complex, located in the southern Mahshahr Port, has caused about €60 million in damages, an official at the Iran…

Bank Tejarat has established corresponding relations with 50 foreign banks since the lifting of the sanctions in January. Ali Mehrpour, head of the bank’s department for international affairs,…