• Iran Privatization Organization listed 337 public companies for their shares to be transferred in the ongoing fiscal year.

    Iranian Privatization Organization is scheduled to transfer the shares of six public companies to the private sector in the current Iranian month (started Feb. 20).
    The companies include Iran Aluminum Company, Esfahan Steel Company, Ahwaz Rolling and Pipe Mills Company and Amin Reinsurance, as well as Alborz and Asia insurance companies. Their shares will be put up for sale on the equity market and offered via tenders.
    Most of the assets are underperforming and financially struggling.

Economy

Iran economynews, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.

  • SCI Puts Inflation  at 8.3%
    02/22/2018
    The average goods and services Consumer Price Index in Iran over the 12-month period ending Feb. 19, which marks the end of the 11th Iranian month, increased by 8.3% compared with last year’s...
  • Over 22.27 billion shares valued at $1.37 billion were traded at TSE over the month ending Feb. 19.
    02/22/2018
    Stocks had a rollercoaster ride in the Iranian month that ended Feb. 19. Tehran Stock Exchange’s main index lost 669 points or 0.7% during the month to end at 98,148.5. TEDPIX reached its all-time...
  • Iran’s President Hassan Rouhani (R) met with KRG Prime Minister Nechirvan Barzani in Tehran on Jan. 22, 2018. (File Photo)
    02/22/2018
    Iran and northern Iraq’s Kurdish Regional Government hope to increase cross-border trade volumes by increasing the number of border crossings between them, KRG local officials have been quoted by...
  • The government has required car importers to pay the higher tariffs announced in January.
    02/22/2018
    The government has finally allowed the clearance of imported cars rotting in the customs. It issued a long-awaited directive outlining conditions under which the cars can be released and says the...
  • Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
    02/22/2018
    Foreign ministers of the Netherlands and Spain are in Tehran for expansion of bilateral economic and political ties.  Sigrid Kaag, who also doubles as minister of foreign trade and development...
  • ‘Iran Sea Expo 2018’ Scheduled
    02/22/2018
    The Fifth International Maritime Exhibition of the Islamic Republic of Iran, also known as ‘Iran Sea Expo 2018’, is scheduled to open in Bandar Abbas, located in Iran’s southern Hormozgan Province...
  • About 1.01 billion shares valued at $62.07 million changed hands at TSE on Feb. 21.
    02/22/2018
    Tehran Stock Exchange’s main index gained 8.80 points or 0.01% to end Wednesday trade at 98,157.3. About 1.01 billion shares valued at $62.07 million changed hands at TSE for the day. Trading at...
  • Int’l Exhibition Industry Expo Underway
    02/22/2018
    The First International Exhibition Industry Conference and Expo opened at Tehran’s International Fairground on Tuesday, the official website of the event, Ieie-ex.ir, reported. Participants have...
  • Valiollah Seif
    02/22/2018
    Governor of the Central Bank of Iran said on Wednesday anti-money laundering rules such as know your customer (KYC) controls are being implemented in the foreign exchange market and the recent...
  • 5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
    02/22/2018
    India’s fifth consignment of wheat to be sent to Afghanistan has arrived at Iran’s southeastern Shahid Beheshti Port in Chabahar. The Ministry of Roads and Urban Development’s news portal also...
  • 27m Chickens Culled Since Avian Flu Outbreak
    02/22/2018
    More than 27 million chickens have been culled since the recent outbreak of avian flu in Iran, chairman of the board of directors at Tehran’s Union of Producers of Egg-Laying Chicken, Nasser...
  • Nat’l Virtual Currency in the Offing
    02/22/2018
    Months after the idea was first publicized, it seems that Iran is now inching closer to tapping into the potentials of blockchain technology to operate its own virtual currency. On Wednesday,...
  • Presale Crosses  96,000 Gold Coins
    02/22/2018
    The presale of Bahar Azadi gold coins priced at 14 million rials ($311) and 13 million rials ($288) respectively with maturity periods of six months and one year began on Saturday at Bank Melli...
  • Currently, Renault Sandero is produced in Iran by local carmakers.
    02/22/2018
    Carmaker SAIPA has ultimately transferred ownership of its Bonro production plant in Saveh, 100km southwest of Tehran, to Renault, head of the Industrial Development and Renovation Organization of...
  • Bank Loans Top $100b in 10 Months
    02/22/2018
    Banks and credit institutions doled out more than 4.62 quadrillion rials ($102.66 billion) in loans to various sectors of the economy during the first 10 months of the current fiscal year to Jan....
  • Domestic Toy Industry Taking Baby Steps to Play Bigger Role
    02/22/2018
    Iran’s toy market is dominated by imports, both legal and illegal, as the domestic toy industry is struggling to catch up.  Locally-produced toys currently make up 20% of the market, Chairman of...
  • Provincial State Account Transfer Underway
    02/22/2018
    In continuation of the initiative to transfer the bank accounts of state-owned enterprises to the Central Bank of Iran with the aim of boosting transparency, income accounts in provinces other than...
  • Lexus’ New Crossover to Break Cover  in March
    02/22/2018
    Lexus will pull the covers off of the production version of its UX small crossover, a compact SUV designed to take on the BMW X2, Jaguar E-Pace, and Mercedes-Benz GLA, during the Geneva auto show...
  • The new system alerts the police and the firms if the applicant was ever arrested, even if not convicted of a crime.
    02/22/2018
    The recruitment process of taxi  app companies is undergoing change as job applicants are now assessed by the police. According to news website Digiato, the police have established an online...
  • Iran Privatization Organization listed 337 public companies for their shares to be transferred in the ongoing fiscal year.
    02/21/2018
    Iranian Privatization Organization is scheduled to transfer the shares of six public companies to the private sector in the current Iranian month (started Feb. 20). The companies include Iran...
  • New US Probe May Dim Boeing Deal Prospects
    02/21/2018
    An Iranian airline under sanctions by the US for ferrying weapons and fighters into Syria repeatedly bought US-made jet engines and parts through Turkish front companies over the past several years...
  • Apple Releases New Bug Fix
    02/21/2018
    Apple has released iOS 11.2.6, which includes a bug fix for the Indian...
  • About 933.18 million shares valued at $49.28 million changed hands at TSE on Feb. 19.
    02/21/2018
    Tehran Stock Exchange’s main index lost 152.17 points or 0.15% to end Monday trade at 98,148.52. About 933.18 million shares valued at $49.28 million changed hands at TSE for the day. Trading at...
  • 3rd Turkish Border Gate With Iran to Operate 24/7
    02/21/2018
    Turkey is working to keep a third border gate with Iran open for 24 hours a day to ease border crossing and boost trade, Turkish Customs and Trade Minister Bulent Tufenkci announced. “We work 24...
  • Iran, India Reinforce Economic Ties With Chabahar Deal
    02/21/2018
    The development of the strategic Chabahar Port is becoming a success story in the...

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