Business And Markets

As approved by the Iranian Parliament on Sunday, those with an annual income of less than 276 million rials ($5,872) will be exempt from paying income tax in the next Iranian year (March 2018-19…

Bank Mellat plans to sell 15 trillion rials ($326 million) worth of certificates of deposit during the next five trading days. The sale of CDs is scheduled to begin today and continue till Feb.…

The US dollar broke above the 47,000-rial threshold by Saturday’s market close to signal yet another weakening of the Iranian currency. The greenback had lost some ground to be quoted at around…

In a performance report covering the period since the current fiscal year began in March 2017, the Central Bank of Iran has reviewed its major monetary policies related to reducing bank interest…

As part of efforts to organize the informal monetary market, particularly the unlicensed credit and financial institutions, a committee is to be formed at the Central Bank of Iran with the sole…

Members of parliament in their latest open session on Saturday reviewed the details of the fiscal 2018-19 budget law and approved measures concerning finance, government resources and bonds,…

Thirteen expansion projects of Kerman Province’s National Iranian Copper Industries Company were inaugurated late Thursday by President Hassan Rouhani and Minister of Industries, Mining and…

About 111 million shares valued at 218.74 billion rials ($4.75 million) were traded online at Iran’s capital market during the first 10 months of the current fiscal year (March 21-Jan. 20).…

Iranian billet export prices dropped $5-10 per ton over the week that ended Jan. 31, with deals reported at prices lower than the preceding week amid the global downtrend in the long steel…

Tehran Stock Exchange’s overall index closed the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2017) at 95,510, indicating an 11.3% rise from the beginning of that season and 23.3…

Tehran Stock Exchange’s main index lost 414.69 points or 0.42% to end Saturday trade at 97,718.8.

About 1 billion shares valued at $77.41 million changed hands at TSE for the day.

The Central Bank of Iran has projected that the country's non-oil sector's growth in the fiscal 2017-18 will outpace that of the preceding year, which was 3.3%.

The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.

After Siavash Zera’ati resigned as the chief executive of Bank Saderat more than a week ago for unannounced reasons, Hojjatollah Seyyedi has been appointed to take the helm of the commercial…

Iran’s stock market was down on all fronts last week, as systematic risks, sliding oil and base metal prices coupled with heavy sales by institutional investors, and a further rial devaluation…

The flawed management of foreign exchange market in Iran has led to damaging consequences for Iran’s economy, a former president of Iran Chamber of Commerce, Industries, Mines and Agriculture…

The Producer Price Index for the mining sector in the 12-month period ending Dec. 21, 2017, which marks the end of fall, increased by 11.2% compared with the same period of last year, the…

President Hassan Rouhani inaugurated three iron ore and steel projects in Sirjan County during his visit to Iran’s southern Kerman Province.

Bank Saderat is gearing up for downsizing, as it plans to sell off shares in five of its subsidiary companies.

Iran was the third biggest trading partner of Iraq in 2016.

Turkey, with a 22% share in Iraq’s foreign trade, is Baghdad’s top trade partner followed by China with a 20% and Iran with a…

Iran’s private sector has called on the government and lawmakers to create a fund that would sustain businesses in times of hardship.

Organizing the unlicensed credit and financial institutions is among the government's biggest achievement, President Hassan Rouhani announced in a recent TV interview.

Rouhani noted that…

Iran Insurance Company, the nation's sole state-owned insurer, plans to offer earthquake insurance policies for residential units, an official with the company said.

Tehran’s foreign exchange market on Wednesday heated up again, as the rial weakened 1.1% and was quoted at 46,190 against the dollar. The greenback had backtracked slightly earlier this week,…

Tehran Stock Exchange’s main index lost 424.28 points or 0.43% to end Wednesday trade at 98,133.5.

About 979 million shares valued at $118.85 million changed hands at TSE for the day.…