Business And Markets

Rents will not experience a significant increase this year, as the presidential elections on May 19 will give impetus to the beleaguered housing sector, the head of Tehran Association of…

Bank Sepah attracted deposits worth 650 trillion rials ($17.3 billion) in the last Iranian year (ended March 20, 2017), registering a growth of 29% compared with the previous year’s figure, the…

President Hassan Rouhani has been successful in focusing on small businesses as the volume of bank guarantees in their support has witnessed a significant rise, a report published by the Ministry…

During the first month of the new Iranian year to April 20, the lion's share of the banking system's business lending–at 70.7%–went to meet the working capital demands of enterprises.

Head of the Islamic Republic of Iran Customs Administration, Masoud Karbasian, has appointed Masoud Atefi as Iran’s permanent representative to World Customs Organization. Atefi earlier served as…

Major Iranian mining companies produced 28.02 million tons of mineral products during the one-month period ending April 20, indicating a 13% growth compared with last year’s similar period,…

A 500,000-rial ($13.3) rise in cash subsidy payments for each Iranian will result in a 6.4% increase in consumer price index the following year, pushing up the inflation rate from 11.2% to 17.6%…

Iran’s presidential election campaign is in full swing and what was perceived as an easy victory for the incumbent President Hassan Rouhani seeking reelection only a few weeks ago is now appearing…

The Bank of Industry and Mine has managed to add 300 MW of electricity to the country’s power network by financing ten 500 MW power plants and 24 combined heat and power grids so far.

It…

The economy minister in his latest press conference elaborated on the country’s oil income and banking system partly in response to the claims of candidates running for president in the May 19…

Foreign investments in Iran increased by $3.124 billion during the previous fiscal year that ended on March 20, 2017, the director of the Organization for Investment, Economic and Technical…

Steelmakers exported 359,572 tons of semi-finished and finished steel products, including billet, bloom, slab, rebar, beam and coil, in the first month of the current fiscal year ending April 20,…

Esfahan Steel Company is planning to boost the current fiscal year’s (March 2017-18) exports by 40% to about 1 million tons, the company’s chairman, Ahmad Sadeqi, has been quoted as saying by IRNA…

The final feasibility report on bauxite extraction in Guinea-Conakry was approved by Iranian and Guinean officials in Tehran on Tuesday.

Tehran Stock Exchange’s main index added 268.30 points or 0.34% to end Wednesday trade at 80,127.1.

More than 1.72 billion shares valued at $84.73 million changed hands for the day.

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Ancient Persians would have cheered the commissioning by Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev in March of a new railroad connecting their countries.

The…

Tehran Stock Exchange’s main index added 114.70 points or 0.14% to end Tuesday trade at 79,858.8. More than 2 billion shares valued at $103.6 million changed hands for the day.

Shirin…

Austria intends to expand business ties with Iran, therefore the European country endeavors to normalize banking relations between the two countries, the Austrian ambassador to Iran said.

The Central Bank of Iran will firmly confront unruly lenders, the head of CBI’s Department for Supervision said. Stressing the necessity of monitoring banks violating CBI’s policy regarding…

Rice production is estimated to increase by 10-15% in the current Iranian year (started March 21), because of favorable weather condition and timely distribution of seeds, fertilizers, pesticides…

Although Iranian steelmakers are expanding capacity every year, production is not keeping pace.

Non-industrial investments worth 37.5 trillion rials (about $1 billion) were made in Kish Free Trade Zone in the last Iranian year (ended March 20, 2017), which stood at 7 trillion rials ($186.66…

The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head of Iran’s Monetary…

After the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers), the number of Iranian banks’ correspondent relations with foreign…