The Money and Credit Council is evaluating a new set of regulations offered by the central bank for the bureaux de change and leasing companies in free trade zones.
Economy
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Economy
Iran’s northwestern free trade zone called Aras has announced it has broken ground on its largest shopping mall yet, according to the free trade zone’s website.
The new mall, called Aras…
Economy
As the New Year (Norouz) is approaching, Bank Mellat’s board of directors ordered all branches in Tehran and other cities to operate over hours (except for Thursdays).
The decision was made…
Economy
Tehran’s gold market has taken another knock on Saturday with the Iranian Azadi bullion coin taking a hit.
Economy
The Central Bank of Iran will carry out monetary policy more effectively if sanctions against it are lifted, a recent report by the Economist Intelligence Unit says.
Economy
An Armenian company has managed to get its trading code, issued by the Central Securities Depository of Iran (CSDI), at the Iran Energy Exchange (IRENEX). As the 18th foreign trader at the IRENEX…
Economy
Saturday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of about 152,681 tons of 33 types of commodities at the spot market, IME’s Public Relations and Foreign Affairs…
Economy
The Iranian Privatization Organization (IPO) has offered new incentives to the private sector for purchasing government assets, IRNA reported on Friday.
Economy
Stocks’ early rally helped the overall index to snap 2 days of losing at the Tehran Stock Exchange (TSE) at Saturday’s close, after positive speculations on lingering nuclear talks triggered…
Economy
As of this week car importers are officially required to observe new rules announced by the ministry of industry, mine, and trade while setting prices of imported cars.
Economy
Despite sustained recession in the housing market, the demand for houses by the low and middle income groups is expected to increase the prices of these houses in the next Iranian year (starting…
Economy
More than 5,400 tons of hand-woven carpets worth more than $284 million have been exported during the first ten months of the current year, registering a 32 percent rise in volume and 14 percent…
Economy
While South Korea was the first country to impose sanctions on Iran’s auto parts industry, it was the biggest exporter of automobiles to Iran in the current year (to end March 20), Mehdi…
Economy
More than 74,000 metric tons of high quality honey has been produced this year, deputy minister of agriculture, Hassan Rokni, said on Friday, calling on the government and the private sector to…
Economy
Successive Iranian administrations have earned more than $1,000 billion in oil revenues since the 1979 Islamic Revolution. But, instead of saving the revenues in an investment fund, they have…
Economy
While lawmakers contend that the government is refusing to subsidize well-to-do Iranians, the government insists that it is waiting for the parliament’s final endorsement to begin preventing the…
Economy
The issue of Iranian products’ standard was addressed in the latest memorandum of understanding (MoU) signed between Tehran and Baghdad, as part of First Vice President, Es’haq Jahangiri’s visit…
Economy
The government has no plans to impose import restrictions or prioritize the import of certain commodities in the next Iranian year (starting March 21), head of Iran’s Trade Promotion Organization…
Economy
Iran has signed three deals with the Boeing company since an interim nuclear deal was reached with the P5+1 group in 2013, which led to the temporary ease of sanctions, Iran Air CEO, Farhad…
Economy
Lawmakers have agreed to extend the pilot implementation of the value-added tax law throughout the next fiscal year that is to begin 21 March, IRNA reported on Wednesday.
Economy
More than 116 metric tons of saffron worth $166.4 million has been exported in the first ten months of the current year (March 21- January 20); however, the benefit gained by international…
Economy
In Iran the government is identified as the major player in the markets.
Economy
Export earnings are exempt from taxation, provided that the exporters file their income tax returns, IRNA cited director of Export-Import Development at Iran’s Trade Promotion Organization (TPO),…
Economy
Iran’s export of home appliances has increased in the past seven years, with $300 million in exports registered in 2014 compared with $82 million in 2007, Secretary of the Iranian Association…
Economy
The government is determined to complete the Mehr Housing Project by the end of the upcoming fiscal year (starting March 21), while 90 percent of the housing units of this projects will be…
Economy
