The University of Tehran’s Faculty of Economics hosted a forum dubbed “Economic Aspects of Military Service” on Tuesday.
Business And Markets
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The central banks of Iran and Russia will open a joint account and launch correspondent banking soon after the sanctions are lifted, Valiollah Seif, governor of the Central Bank of Iran said on…
Economy Minister Ali Tayyebnia ruled out future cuts in interest rates in the foreseeable future due to the current state of the country’s financial markets.
Banks lent 1.86 quadrillion rials ($61.38 billion at the official exchange rate) in the first seven months of the fiscal year (ends March 19, 2016), marking an increase of 5% or 88.6…
Heads of transportation departments of the five Caspian littoral states clinched an agreement in Tehran on Wednesday to expand multilateral cooperation in key areas including maritime transport…
The domestic steel industry is now self-sufficient in the production of steel pipes and has completely indigenized the technology required for its manufacture, announced Aziz Qanavati, managing…
Close to 2.7 million tons of steel were imported during the eight months ending November 21, says the head of Iranian Mines and Mining Industries Development and Renovation Organization. Mehdi…
The 66% plunge in oil since June 2014 poses a tremendous challenge to the Iranian economy.
The government’s main source of revenue has shrunk to a third of the level it had been for years.…
Iran Mercantile Exchange’s export trading board witnessed the supply of 12,000 tons of aluminum oxide for the first time by Iran Alumina Company at the base price of $299 per ton on Wednesday.
Chadormalu Industrial and Mining Company must pay an aggregated $565 million in mining royalties and usufruct to the government for the 2013-16 period, says managing director of the company.
With China making repeated attempts to wean away India from Chabahar Port upgrade, New Delhi is rushing through a $150-million credit line for Iran and is fast-tracking bilateral negotiations to…
The Export Guarantee Fund of Iran and Kaz Export Garant have signed a MoU on the sidelines of the 6th annual meeting of the Union of Islamic Credit Insurers in Muscat, EFGI said in a press release…
Iran’s gold export market could be revived after the economic sanctions are removed, the head of Gold and Jewelry Producers and Exporters Union said.
Iran and Azerbaijan have signed agreements to start a correspondent banking relationship by the end of next month, Minister of Communication and IT, Mahmoud Vaezi said on Tuesday. He added that…
The International Monetary Fund has forecasted bright prospects for Iranian economy for 2016-17, as economic sanctions against the country are expected to be lifted.
A prominent economist has warned against rent-seeking that the recent credit card scheme may lead to, banker.ir website reported.
Central Bank of Iran has obliged the banks to pay POS terminals’ transaction fees, scrapping an earlier proposal to charge businesses and terminal owners for POS transactions, CBI’s website…
First Vice President Es’haq Jahangiri opened the 17th Marine Industries Conference and Exhibition in Kish on Tuesday. The conference, which aims to introduce the capabilities and latest…
Trade between Iran and Austria has grown 20% in 2015 compared to the previous year and is estimated to increase by the same rate next year, says Austria’s commercial attaché to Iran, Thomas…
Iran’s economy will grow between 5-6% in the next fiscal year (starting March 20, 2016), while inflation will drop below 11%, said the government spokesperson in a press conference on Tuesday.…
Azerbaijan Republic is weighing the facilitation of visa issuance for Iranians, said the Azeri minister of economic development.
Shahin Mustafayev made the statement on the first day of the…
Iran Mercantile Exchange witnessed the supply of 43,882 tons of polymers, 38,100 tons of bitumen, 15,000 tons of vacuum bottoms and 8,000 tons of heavy lube cut on the oil and petrochemical…
Tehran Stock Exchange’s main index TEDPIX plummeted 104.30 points or 0.17% to close Tuesday trade at 61,414.2.
More than 335 million shares changed hands valued at $19.1 million with daily…
The government has set the US dollar exchange rate at 29,997 rials in the 2016-17 proposed budget, slightly higher than this year's 29,850 rials.
An informed source told IRNA that the…
Easing of sanctions expected early next year plus transparency can and should pave the way for the much-needed economic revitalization, said Morteza Bank, a senior official in President Hassan…
