A report by Iran's Central Bank has inadvertently highlighted the pervasiveness of insider dealings and corruption that threaten the integrity of Iran’s entire banking system. The report published by ...
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Saipa Corporation – Involved In
Iran’s car factory in Syria shuts down, reflecting broader setbacks
An Iranian state-owned car assembly plant in Syria has closed after nearly 20 years, marking yet another blow to Tehran’s economic ambitions in the war-torn country, where it continues ...
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Iranian automaker ‘lottery’ locks billions of dollars in banks
Over a million Iranians have deposited approximately $3,800 each in banks, hoping to "win" one of the vehicles that Iran's leading automaker, Iran Khodro, raffled off last week pending ...
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IRGC Set To Enter Iran’s Auto Industry As Economic Dominance Expands
The IRGC looks set to enter Iran's auto industry and is awaiting approval from the country's supreme leader as the state security forces expand its economic dominance in Iran. ...
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SAIPA Expanding into Russian Subcompact Market
Iran’s second largest carmaker SAIPA hopes it can expand its presence in the lucrative Russian car market with the supply of two subcompact models, the company’s CEO Mohammad Ali ...
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Saipa supplies second batch of Iran-made cars to Venezuela
Iran’s second largest carmaker Saipa has supplied another batch of its cars to Venezuela under an automotive export and joint manufacturing deal signed between the two countries in June. ...
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