Pulling money out of the country of their birth and buying foreign assets such as real estate have been a common practice of the rich in Iran for years.
Economy
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More than 86,150 tons of melons worth over 1 trillion rials ($30 million) were exported from Iran to 25 countries in the last Iranian year (March 2017-18), according to the latest figures…
Bashmaq border crossing in the western Kurdestan Province’s Marivan County will be closed on June 15, at the request of the officials of the Iraqi Kurdistan Region on the occasion of Eid al-Fitr…
More than 1.18 trillion rials ($35 million) worth of automated teller machines (ATMs) were imported into Iran during the last Iranian year (March 2017-18), according to figures released by the…
The board of directors of Iranian Tobacco Company has appointed Mohammad Reza Khak-Kar as its new managing director to replace Mosayyeb Mohammadian-Shomali, the company’s news outlet reported.…
Major Iranian e-hailing company Snapp has made inroads into two new markets as its services have become operational in Bushehr and Hamadan. Customers from Bushehr in the southwest of the country…
The quality of several Iran-made budget vehicles, priced under 500 million rials ($11,900), has observed a slight improvement according to the results of a monthly audit released by Iran…
Close to 367,480 tons of barley worth $79.24 million were imported into Iran during the first two months of the current Iranian year (March 21-May 21), registering a 49.7% and 84.2% growth in…
Iran’s non-oil commercial exchanges with the five member states of the Eurasian Economic Union totaled $1.69 billion during the last Iranian year (March 2017-18) to register a decline of 35.38%…
Iran Airports Company registered 35,259 takeoffs and landings during the Iranian month ending May 21, which shows an 8% decrease compared with last year’s corresponding period.
Close to…
An Iranian public bank has been chosen to finance the Mianeh-Ardabil railroad project worth 7.5 trillion rials ($178.57 million), the CEO of Iran’s Transportation Infrastructure Construction and…
The government of Armenia put on the agenda of its Cabinet meeting on Monday a package of draft laws, pursuant to which road-tax payers who enter the country with trucks registered in Iran shall…
German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed…
Iranian Privatization Organization is set to sell stakes in 631 state-owned firms to the private sector later in the current fiscal year (March 2018-19), which is 87% more compared to the number…
A total of 7.7 million tons of iron ore concentrate were produced in Iran during the first two months of the current fiscal year (March 21-May 21), to register a 27% growth compared with last…
Iran imported $1.03 billion worth of consumer goods during the two-month period since the beginning of the current fiscal year (started March 21), registering a 2.7% decrease compared with the…
Tehran Stock Exchange’s main index gained 254.47 points or 0.27% on Tuesday to end trading at 96,101.9.
About 1.1 billion shares valued at $58.74 million changed hands at TSE for the day…
During President Hassan Rouhani’s recent visit to China, Iran’s Securities and Exchange Organization signed a memorandum of understanding with China Securities Regulatory Commission on June 11,…
The Statistical Center of Iran has released data on the volume of per capita insurance premiums and claims paid and received by Iranians during the fiscal 2016-17 as part of its latest annual…
Maskan Investment Bank, a subsidiary of Bank Maskan—the agent bank of the housing sector, has issued the first-ever corporate bonds.
According to a report by HIBNA, the official news…
A new bull run has started in Iran's gold coin market, on the back of the rally that intensified in the current week.
The benchmark Bahar Azadi coin crossed another psychological…
The number of bank branches per capita increased by 42% over the 15-year period in the Iranian year ending March 20, 2017, according to the latest figures published by the Statistical Center of…
ZTE’s settlement with the US Commerce Department that would allow China’s No. 2 telecommunications equipment maker to resume business with US suppliers was made public on Monday, days after the…
Ericsson has almost doubled its forecast for connected cellular Internet of Things (IoT) in 2023 to $3.5 billion, the mobile telecom gear maker said on Tuesday.
University of Tehran’s Virtual School of Medical Sciences is set to hold a startup weekend in late July, which is to be focused on the application of information technology to healthcare issues…
