Business And Markets

Wholesale Iranian saffron is smuggled to the neighboring country of Afghanistan from where it is exported, at a zero percent tariff, to India and China, while the same countries have set a 30%…

Iran exported more than 25.5 million tons of mineral products worth over $3.4 billion during the first half of the current fiscal year (started March 20), registering a 25.36% and 15.63% growth in…

Tehran Stock Exchange’s main index gained 70 points or 0.09% to end Tuesday trade at 77,335.3.

More than 1.7 billion shares valued at $106.8 million changed hands for the day.

Melli…

Majlis Article 90 Commission put forth a 10-point proposal for organizing executive pay in the government in Tuesday’s parliamentary meeting. The report called for an overhaul of the government’s…

Iran’s national budget for 2017-18 will be prepared based on unified exchange rates, Masoud Nili, President Hassan Rouhani’s economic advisor said on Tuesday.

Belgium’s export credit agency – the Credendo Group – announced that it has upgraded Iran´s medium-long term political risk classification to category 5.

The International Monetary Fund is forecasting an improvement in sustainability for Iran in 2016-17 as better economic conditions herald more robust growth prospects for the country.

Reyl Bank has announced that it is opening bank accounts for Iranian individuals and companies through its branches in Geneva and Dubai, allowing accountholders to transfer money, said Sharif…

Several banks and credit institutions have been chosen as agent banks for offering forex services by the National Development Fund of Iran estimated to be worth over $23 billion.

Ahmad…

Monetary policy has once again taken center stage. From the controversy engulfing the ultra-low rates championed by the European Central Bank (ECB) to Donald Trump accusing Janet Yellen, the chair…

Adjusting to time and needs and addressing the mounting challenges of the housing market has emerged as a preoccupation of the Ministry of Roads and Urban Development, according to the minister.…

President Hassan Rouhani enacted the law for Iran’s membership in the Asian Infrastructural Investment Bank to the Ministry of Finance and Economic Affairs on Monday. The declaration comes after…

Bangladeshi Industries Minister Amir Hossain Amu arrived in Isfahan Province on Sunday to discuss opportunities of bilateral cooperation with the province’s Governor-General Rasoul Zargarpour in…

German firms have signed 10 business agreements with Iranian partners during the fifth session of Iran-Germany Economic Commission in Tehran on Monday.

The European country’s Vice…

The Oil Ministry plans to sell 100,000 barrels of Iran’s export grade crude oil on the Iran Energy Exchange.

“The plan currently awaits the Securities and Exchange Organization’s approval…

Tehran Stock Exchange’s main index lost 22.30 points or 0.03% to end Monday trade at 77,265.3.

More than 1.38 million shares valued at $84.1 million changed hands for the day.

Negin…

The Central Bank of Iran is studying eight new measures to strengthen its supervision over the banking system, CBI’s deputy for supervisory affairs announced on Sunday.   

“The…

Many banks around the world are gearing up for new business with Iran after years of sanctions were lifted in January. Not so the state-owned UCO Bank Ltd., which is forecasting lower profit after…

Bank Muscat has opened accounts for Iran’s Sina Bank, which allows the lender to open credit lines and offer bank guarantees in euro and the Omani rial. The two banks also agreed to start…

The Central Bank of Iran is trying to link domestic bank cards with neighboring countries, “as a part of the banking sector’s plans to help promote the tourism industry in Iran,” said CBI governor…

Tehran Stock Exchange’s main index lost 191.20 points or 0.25% to end Sunday trade at 77,287.6.

More than 1 billion shares valued at $55.4 million changed hands for the day.

Pars…

The National Iranian Oil Products Distribution Company said it will implement its previously postponed method for domestic airlines’ jet fuel payment as of October 22.

IRNA quoted NIOPDC…

Iranian buyers’ resistance to local suppliers’ attempts to raise steel prices is the main blockage to a market recovery.

Mills with high inventories have no option but to reduce their…

Exports of non-oil goods and services are estimated to reach $130 billion annually by the end of the sixth five-year development plan (2016-21), according to the deputy minister of industries,…

Iran’s sovereign wealth fund is becoming wealthier due to the oil producer’s increased sales, though low oil prices are slowing its growth.

The National Development Fund of Iran currently…