Business And Markets

Annual production of gold in Iran has declined by two-thirds from 180 tons in the fiscal 2011-12 to 60 tons in 2016-17, mostly due to the 9% value added tax imposed on gold and jewelry sales and a…

As meat products have a special place in the basket of food products consumed by Iranian households, the domestic industry has been working hard to keep pace with demand.

So much so that…

Boeing’s planned multibillion-dollar aircraft sales to Iran are facing a growing backlash from Republicans in Washington, but one key politician has stayed silent: Donald Trump.

Tehran Stock Exchange’s main index lost 225 points or 0.28% to end Saturday trade at 80,921.2.

More than 567 million shares valued at $38.12 million changed hands for the day.

Sina…

Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international…

A number of positive factors in the housing sector heralds the end of the long-running recession and the beginning of a pre-boom phase in the key sector, the head of Tehran Association of Realtors…

The Iranian banking system will continue to support production and employment in the current fiscal year as it did last year, says the chief executive of Bank Melli Iran.”Even though it had been…

The lengthy saga of uncertified credit institutions and the drama surrounding them will come to an end by the end of the current fiscal year in March 2018, the Central Bank of Iran’s deputy for…

During the previous Iranian year (ended March 20, 2017), Bank Saderat Iran registered 74% growth in issuing foreign exchange guarantees and opening letters of credit, the bank’s CEO has announced…

As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward…

Germany’s machine tool exports to Iran increased by 64% in 2016 compared with the year before to stand at €33 million, an executive director with the German Machine Tool Builders’ Association,…

The findings of the recent National Population and Housing Census show population growth in Tehran is mainly driven by a large influx of migrants, rather than a natural increase in population, i.e…

Iran's Industries, Mining and Trade Minister Mohammad Reza Nematzadeh said the government is targeting 15 million tons/year of steel exports during the sixth five-year development plan (ending…

Tehran Stock Exchange’s main index gained 802 points or 1% during the week that ended May 24 to close at 81,146.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 11 points or 1.…

Thailand has set definitive anti-dumping duties on the import of hot-rolled flat steel products such as coil and sheet from Iran.

The definitive duties contain minor changes when compared…

A majority of Iranians chose to place their confidence in President Hassan Rouhani once again, as they believed the path his government took over the past four years was the right one, a prominent…

The landslide reelection of Iran’s president, Hassan Rouhani, reflects the by now familiar pattern of continuity and change that has characterized Iran’s major elections over the last two decades…

The Iranian Central Plateau Iron Ore Mines Complex plans to produce 1.2 million tons of granulated iron ore by the end of the current fiscal year (March 2018), company manager, Mohammad…

Banking hurdles have not hindered the agreements for the sale of new ATR aircraft to Iran, the chief financial officer of the French-Italian planemaker said.

“What is being said about…

The bylaw on insurance corporate governance was approved during the latest meeting of High Council of Insurance, the head of Central Insurance of Iran announced.

The CEO of Export Guarantee Fund of Iran, Kamal Seyed Ali, and Dusan Keketi, the head of Slovakia’s EXIMBANKA SR, signed a banking and insurance agreement on the sidelines of Berne…

Chief executives of state-run banks have pledged their support for President Hassan Rouhani and his economic vision for the country, as he is basking in a landslide reelection victory on May 19.…

The price of billet imports into the UAE increased this week due to high offers from Iran. Iran offered billet to the southern Persian Gulf state at $400-410 per ton CFR. Unconfirmed offers at $…

One of the biggest criticisms of basic income, a system of giving people modest salaries just for being alive, is that it discourages people from working.

A new report on an ongoing cash-…

Iranian steel mills produced 6.369 million tons of crude steel in the first four months of 2017, registering a 14.3% growth year-on-year, the latest report released by World Steel Association said…