The new loans provided by commercial banks in the 11 months to February 19 exceeded 2.91 quadrillion rials ($104 billion at official exchange rate), new data shows.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Foreign currencies extended their rally against the rial on Tuesday, ushered on by unsettling comments from diplomats engaged in the nuclear talks.
The rial retreated in the face of all…
Economy
The Central bank governor outlined his bank’s strategy and targets for the upcoming year (starting March 21).
Valliolah Seif told the press on Wednesday that his bank will continue its “…
Economy
In the upcoming year, a special list will be created of receivers of the point-of-sales (POS) terminals from commercial banks in a bid to identify who “lose” their devices, said Hamed Mansouri,…
Economy
The Money and Credit Council announced a uniform contract for all interest-free loans provided by Iranian banks across the country. The new form of contract will be used as of next year, the…
Economy
Iran Mercantile Exchange (IME)’s agricultural trading floor featured 2,500 tons of rice, 1,000 tons of chickpea, and 900 tons of corn offered by local suppliers on Tuesday trading. According to…
Economy
Iran is planning to implement projects aimed at mapping and exploring deep-sea mineral deposits in international waters, deputy head of the Geological Survey of Iran (GSI), Behrouz Borna announced…
Economy
A report by the Statistical Center of Iran indicates that the number of operational mines in the country increased by 2.4% in the outgoing Iranian calendar year (ends March 20) compared to the…
Economy
Major copper companies produced more than 728,600 metric tons of copper concentrate during the past 11 months of the outgoing Iranian calendar year (to end March 20), IRNA cited a report by the…
Economy
With the real estate transactions on the rise, analysts are divided on how this might impact housing prices in the upcoming Iranian year, which starts on March 21.
The national, and more…
Economy
Refineries’ comeback at the Tehran Stock Exchange (TSE) dramatically weighed on the benchmark at Tuesday’s close, pushing the overall index to nosedive to a new record low.
After almost a…
Economy
Germany’s former environment minister Klaus Topfer in a meeting with the governor of East Azerbaijan Province Ismael Jabbarzadeh on Monday said, “The time for talking has passed, it is time…
Economy
Nearly $6 billion worth of commodity have been traded via border areas of the northwestern Kurdistan Province during the past 11 months of the current year (to end March 20), Mehr news agency…
Economy
Nearly 118 metric tons of saffron has been exported from the city of Mashhad during the past 11 months of the current year ( ends March 20), which indicates an increase of about 27% compared with…
Economy
When I was a kid, I often wondered where money came from and why didn’t everyone have enough of it to buy all the chocolate and ice cream in the world (or even better, build a chocolate house!). I…
Economy
The number of government employees has reduced by 68,201 or 3 percent within the past 18 months since the new administration, led by president Hasssan Rouhani assumed office, public relations…
Economy
Iran's economy grew by 3.6% in the first nine months of the current year (ending March 20) compared with the similar period last year, according to the latest statistics released by the Central…
Economy
Many Iranians living in the United States, who are nationals of the Islamic Republic, are selling their US assets to increase the supply of US dollars inside Iran and help stimulate their country’…
Economy
A new report has highlighted the shifting trends in consumers’ habits in the Iranian electronics market.
The February report of Business Monitor International expects the consumer…
Economy
Foreign currencies pushed the rial back down on Monday, after a weak of gains for the Iranian currency.
The rial fell versus all major currencies and gold coins on Monday, as lower foreign…
Economy
Parliament members have put forth a new set of solutions for helping increase banks capital, while reviewing a long-waiting bill that seeks to remove obstacles hindering domestic manufacturing,…
Economy
Dey Insurance Company (DIC) has received a written notice from the Central Insurance of Iran, the primary insurance regulator, following reports that the reserve requirements submitted by the…
Economy
Bank Sepah has vowed to finance 10 major development projects in petrochemical, oil and gas sectors in the upcoming year, starting March 21. The commercial lender provided in the outgoing year…
Economy
The seventh Startup Grind of Tehran, held on Sunday, saw a number of young entrepreneurs and start-up enthusiasts come together to discuss business plans, expand their social network and interact…
Economy
Monday trading at Iran Mercantile Exchange (IME) witnessed the offering of 50,000 tons of iron ore by the Iranian Central Plateau Iron Ore Mines Complex, priced at $22 per ton, on the export…
Economy
