Economy

Morris Garages (MG) now owned by SAIC, will launch two new cars initially in the Chinese market later this year.  The company is reportedly releasing one so-called ‘fastback’ a kind of…

In case of disagreement between the Central Bank of Iran and the Audit Organization of Iran over who gets to set financial reporting standards for banks and credit institutions, which issue has…

A total of 150,000 residential units in rural and urban areas will be built for the poor as part of policies set in the Sixth Five-Year Development Plan (2017-22), a deputy at the …

As the Central Bank of Iran issued a new directive on Aug. 23 setting a deadline for banks to reduce their deposit interest rates to 15%, the Iranian private sector demands strict oversight over…

Bank Melli Iran, owned by the government, doled out nearly 423,000 loans worth 195 trillion rials ($5.11 billion) during the four months to July 22. According to the latest data published on BMI…

About 150,000 tons of pistachio worth $1.5 billion are estimated to be exported from Iran during the current Iranian year (started March 21), to register an 11% and 25% growth in weight and…

Some 1.1 billion cigarettes were imported into the country during the five months to August 22, registering a 58% decrease compared with the similar period of last year, Ali Asghar Ramzi, the…

A passenger train between the cities of Isfahan and Zahedan will be launched on Wednesday, the deputy head of Islamic Republic of Iran Railways said. “The train will run once a week at the start…

The average goods and services Consumer Price Index for urban areas in the 12 months ending August 22, which marks the end of the Iranian month of Mordad, increased by 10% compared with last…

The government plans to recruit 30,000 people in state-run executive bodies during the current Iranian year (started March 21).

The Central Bank of Iran has finally stepped in and put a stop to the trading of the so-called Sakhab bonds by banks and delegated them to the Securities and Exchange Organization.

Mobarakeh Steel Company produced 2.7 million tons of steel products during the five months to August 22, according to data published by MSC on Tehran Stock Exchange. Hot-rolled coil made up 1.58…

Tehran Stock Exchange’s main index dropped 11.80 points or 0.01% to end Sunday trade at 82,885.3.

About 1.04 billion shares valued at $47.81 million changed hands for the day.

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Iran is one of the oldest producers and the biggest trader of hand-woven carpets worldwide.

Iran’s National Brain Mapping Laboratory (NBML) is organizing a symposium on the latest findings of “brain mapping” for September 24-25.

MTN-Irancell has launched 12 new long-term Internet packages to claw back customers from rivals.  According to a report in the local digital magazine Digiato, the company will offer the new…

US-based Nvidia continues to block Iranian Internet users from accessing parts of its website, according to one source in Tehran.

Financial Tribune can confirm that the software download…

A blogger with an accurate record, Evan Blass, said this week that Google will unveil its new smartphone on October 5, however that date could change.

Iran exported 737,500 tons of non-oil goods worth $67.5 million to Qatar during the five months to August 22, registering 30.8% and 60.57% growth in terms of volume and the value respectively…

About 153,000 tons of dairy products worth $264 million were exported from Iran during the first four months of the current fiscal year (March 21-July 22), registering a 3% and 28% growth in…

In line with the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, the Central Bank of Iran is allowing…

The Central Bank of Iran issued a new directive less than a week ago requiring banks to rigidly observe interest rates lowered a year ago by the Money and Credit Council in the latest move to…

Iran’s maritime businesses are to receive loans worth 2 trillion rials ($52.5 million) during the current fiscal year (ending March 20, 2018), the head of the Fund for Development of Marine…

Since the implementation of the nuclear accord with world powers in Jan. 2016, Iranian  banking system has engaged in foreign exchange transactions worth over $38 billion, the Central Bank…

Minister of Agriculture Mahmoud Hojjati said the government will cover 85% of the expenses involved in modernization of irrigation systems in farms and orchards across the country in the form of…