Business And Markets

Taxation will cover 44% of the government’s expenses this year, according to Iran National Tax Administration’s head of Direct Taxation Department.

“We predict tax revenues to reach 870…

The Banking Reform Bill calls, among other things, for creating a supreme board for monitoring the performance of banks, said the director of Association of Banking and Credit Investment…

Negative scores in the record of auto policyholders shall be included in determining auto insurance rates, head of the Central Insurance company of Iran announced this week.

A recent report by the Central Bank of Iran indicates a 9.3% drop in the average lending rates in the interbank market during the previous fiscal year (ended in March). According to the CBI, the…

Banks have no plans to lower interest rates and are lobbying with the regulator to keep the rates steady for now, said the head of the Association of Private Banks on Saturday.

A day after the interest rates of Housing Savings Account were lowered to single figures, a record number of applicants registered with the scheme, says Bank Maskan’s director for planning affairs…

Tehran Stock Exchange’s main index shed 350.50 points or 0.46% to end Saturday trade at 76,104.9.

More than 486 million shares valued at $49.9 million changed hands for the day.

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More than 70 Armenian companies producing food, medicines, construction materials, light industry products, jewelry, as well as companies offering IT, banking and insurance services will…

Contrary to the great expectations concerning the copper industry’s potentials, mineral exploration initiatives undertaken by the government have so far borne no fruit.

According to the…

Mehdiabad Lead and Zinc Complex produced over 390,000 tons of barite in the five months of the current Iranian year (started March 20), indicating a 34% rise compared with last year’s…

Iran Fara Bourse’s intellectual property market saw its fourth round of trading.

The Iranian Privatization Organization has sold stocks worth 1.69 trillion rials ($47.4 million at market exchange rate) in government-owned companies five and a half months into the current…

The potential for trade with Iran, as sanctions are lifted, is tremendous, according to former Swiss ambassador to Tehran, Philippe Welti. So why aren’t more companies jumping at the opportunity…

The Ninth International Mahallat Stone Expo, otherwise known as Iran Stone Expo 2016, opened in the city of Mahallat in Markazi Province on Wednesday.

About 170,000 jobs have been created by 14,200 cooperatives established since President Hassan Rouhani took office in August 2013, says deputy minister of cooperatives, labor and social welfares,…

Bears continued their reign over equity markets in Tehran, driving all major stock indices lower for the week. All major industries faced losses for the week while liquidity dried up even more…

Indonesia’s newly-appointed Minister of Trade Enggartiasto Lukita has asked Ambassador to Iran Dian Wirengjurit to identify new trade opportunities in the Islamic Republic following the lifting of…

As part of the plan to modernize the banking system, the capital adequacy ratio of banks will be increased to 12% from the current 8%, said the CEO of Bank Tejarat.

Russian banks are welcome in Iran, where the Russia-Iran Chamber of Commerce is actively working on opening a joint bank, Bahram Amirahmadiyan of the Russia-Iran Friendship Society told Sputnik…

The Supreme National Security Council of Iran has come to a conclusion regarding Iran's future relationship with the Financial Action Task Force (FATF), said the council's secretary.

Despite hopes of a new dawn for Iran's economy after nuclear-related sanctions were lifted, major western banks are reluctant to do business with the country for fear of US retribution.

The average lending rate in the interbank market stood at 18.7% from March 20 to September 11, the Central Bank of Iran said Wednesday. “The interbank rate varied between 17–22% during the five…

The 15th edition of Iran’s International Confectionery Fair concludes in Tehran today after it opened on Tuesday.

The event attracted more than 360 Iranian and 85 foreign companies from…

The government started the three-day offering of Salaf contracts for wheat for the first time Wednesday on Iran Mercantile Exchange to finance its wheat purchase from farmers this year.

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Some 300 tons of contraband worth 120 billion rials ($3.3 million at market exchange rates) were destroyed in several provinces across the country on Wednesday. The illegally imported goods…