Business And Markets

The rial was quoted at 37,240 to the US dollar on Wednesday, gaining 0.59% against the greenback compared with Tuesday's close.

According to Tehran Gold and Jewelry Union's website,…

Tehran Stock Exchange’s main index lost 514.90 points or 0.67% to end Wednesday trade at 76,285.5.

More than 1.6 billion shares valued at $86.4 million changed hands for the day.

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After more than a decade, the dividends of the so-called “Justice Shares” held by more than 49 million Iranians have been determined to be worth 550 trillion rials ($14.47 billion) on Tuesday in a…

Iranian steel producer Bafgh Mineral Complex Iron and Steel Industry Company, otherwise known as B-MISCO, plans to enter the export segment. The company aims to focus on foreign customers amid…

The Fourth Iranian Economic Overview Conference was hosted by Donya-e Eqtesad Group, the parent company of Financial Tribune, in Tehran on Wednesday.

Eminent economists and pundits…

According to a directive issued by the Cabinet, Economy Minister Ali Tayyebnia has been authorized, on behalf of the government, to guarantee the repayment of the principal amount plus the…

The research arm of the Iranian Parliament has called on two organizations in charge of publishing economic data to work more closely and form a joint committee to curb actions that could erode…

Following news that Iran's assets in Luxembourg have been frozen by a court, a senior Iranian official said on Tuesday lawyers with the Central Bank of Iran are currently consulting Luxembourg…

An Iranian-European bank will be established with three Iranian and four European members serving on the management board, said a senior banking director.

Based on figures released by Iran’s Road Maintenance and Transportation Organization, Shahid Rajaei Port in the city of Bandar Abbas in the southern province of Hormozgan accounted for 39% (more…

At present, strategic reserves of staple foods in Iran are sufficient to meet domestic demand, a deputy agriculture minister said.

One of Iran’s largest pellet-making projects is currently in the final phase of construction in the northwestern Khorasan Razavi Province and will start production in the early days of the next…

Tehran Stock Exchange’s main index inched up 10.70 points or 0.01% to end Tuesday trade at 76,800.4.

More than 1.5 billion shares valued at $91 million changed hands for the day.

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A 5% economic growth is predicted for the next Iranian year (starting March 21) and since oil and agriculture sectors have already developed, in order to reach the aforementioned growth, housing…

A senior official of the Central Bank of Iran outlined past and future measures of President Hassan Rouhani's government in line with the implementation of Resistance Economy principles and the…

More than 50% of many banks’ income are generated through penalty fees while this way of allocating loans will amount to a compound interest, said a member of Iran Chamber of Commerce, Industries…

The Office of Foreign Assets Control affiliated with the US Treasury Department has allowed American citizens to open accounts in Iranian banks, said the Central Bank of Iran’s deputy for foreign…

The government has not stopped reviewing the two banking reform bills, said the vice governor of the Central Bank of Iran rejecting earlier claims about the bills being returned to the CBI.

Iran is set to become a regular member of the International Organization of Securities Commissions in the next five to six months, the chairman of Securities and Exchange Organization announced.…

Iran exported more than 43.57 million tons of mineral products worth over $5.4 billion during the 10 months to Jan. 19, accounting for 15.3% of Iran’s total exports during the period.

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Russia’s United Wagon Company has signed a deal to supply 6,000 freight wagons to Iran within three years, of which 4,900 cars will be produced inside the Islamic Republic.

Pistachio trade kicked off at Iran Mercantile Exchange for the first time on Monday in a ceremony attended by IME chief, Hamed Soltani-Nejad, and Economy Minister Ali Tayyebnia.

IME’s…

Tehran Stock Exchange’s main index added 22.80 points or 0.03% to end Monday trade at 76,789.7.

More than 1 billion shares valued at $61.3 million changed hands for the day.

Sarma…

Lawmakers passed a measure on Sunday, based on which all banks must conduct their business under the watchful eye of the Supreme Audit Court.

All government-run entities are also required…

The Central Bank of Iran plans to print banknotes in smaller sizes, the director of CBI’s Office for Banknote Issuance said.

“CBI is also working on new designs for 50,000-rial and 100,000…