Lending to businesses has rocketed in the past year. Although banks are still suffering from toxic debt, efforts by the central bank seem to have borne some fruit. Not only has lending jumped, but…
Economy
It is high time for Iran Chamber of Guilds to set up a bank of guilds, an official in the ministry of industry, mine and trade said, as reported by IRNA on Wednesday.
Minister of Cooperatives, Labor and Social Welfare Ali Rabiei arrived in Baku on Wednesday for a three-day official visit.
The minister of agriculture predicted that 11 million metric tons of wheat will be produced by the end of the Iranian calendar year (started March 21), considering the 20% decline in the import of…
Lack of cooperation from Turkish border officials in easing the admission process of Iranian transit trucks has resulted in a long line of 750 transit trucks at Barzargan border checkpoint (in…
Sericulture, or silk farming, is an important cottage industry adopted in many countries for production of raw silk through rearing of silkworm.
Government spokesman Mohammad Bagher Nobakht said on Tuesday that the government has drafted an alternative budget scheme for the current Iranian year (started March 21) in the event of a…
Masoud Nili, senior advisor to President Hassan Rouhani for economic affairs, believes the framework nuclear agreement announced between Iran the P5+1 countries in the Swiss city of Lausanne on…
The government aims to increase revenues from non-oil exports, including the export of services, to $77 billion by the end of the current Iranian calendar year (started March 21), IRNA reported on…
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the cabinet has approved of providing tax breaks for value-added tax (VAT) to the insurance fund of…
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said more than 25.7 million metric tons of iron ore concentrate was produced during the past Iranian…
The Central Securities Depository of Iran (CSDI) is gearing up to provide essential infrastructure to help globalize Iran's equity market, SENA reported.
In spite of positive speculations about the economic outlook, stocks underperformed and pushed the TSE's overall index to settle in red at Wednesday close.
Various grades of bitumen have been listed on the export trading floor of the Iran Mercantile Exchange (IME) on an almost daily basis since the beginning of the new Iranian year, which started…
More than 354,000 metric tons of aluminum were produced over the past Iranian calendar year (ended March 20) by major producers across the country.
The Iranian Aluminium Company (Iralco),…
Deputy minister of industry, mine and trade and head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian, on Monday traveled to Kazakhstan…
While the export of raw minerals has for long been the subject of intense scrutiny by government authorities and the parliament, some miners and mining experts believe that the country’s…
The Tehran Stock Exchange benchmark snapped three days of losing streak, and ticked up 11.2 points or 0.02 percent at Tuesday close to settle at 68,465.3.
A major financial group that recently paid a visit to Iran's equity market is reportedly gearing up to invest in a new industry with an initial investment of up to $100 million, bourspress…
According to the ministry of industry, mine and trade, the amount of investment in the non-metal minerals sector stood at $393,000 during the 11 months of the past Iranian calendar year (ended…
Central Bank Governor Valiollah Seif announced on Monday night that it is not feasible to implement the plan to unify foreign exchange rates.
Officials have been discussing in recent months…
The Asian Clearing Union (ACU) meeting was held at Central Bank of Iran’s (CBI) headquarters in Tehran on Tuesday, according to CBI’s public affairs office.
Present were CBI’s foreign…
Foreign exchange rates have a direct impact on a country's economy. Thus, central banks as the overlords of monetary policy have another lever to pull when pushing their agenda. The Central Bank…
Bank Maskan kept mortgage ceiling unchanged for the current fiscal year starting March 21. The traditional mortgage provider will keep the ceiling for loans at 350 million rials ($10,500 at market…
Close to 334,000 tons of non-oil products, valued at 3.3 trillion rials ($1.1 billion at the official exchange rate), were exported via the customs offices of Bandar Lengeh in the southern…
