The parliament on Sunday approved the outlines of the budget bill proposed by President Hassan Rouhani's administration for the next Iranian year, which begins March 21.
Out of the…
Economy
The agricultural sector accounts for 10 percent of the Gross National Product (GNP), said Nematollah Rezai, an official with the presidential office for rural development. He made the remarks in a…
International flights in Iran have grown by 25 percent over the past two years, IRNA quoted Ebrahim Shushtari, an official with Airports Holding Company, as saying on Sunday. He cited certain…
Iran has lost its substantial share in the international carpet market, Razi Miri, the deputy manager of the union of hand-woven carpet exporters told ISNA on Saturday. The official said the…
Top railway officials from Iran, Turkmenistan and Kazakhstan held a joint meeting in Tehran on Saturday with the aim of facilitating rail transport between the three countries.
To publicize the results of recent studies and research on groundwater resources by the National Center of Strategic Studies of Agriculture and Water, a one-day conference is being held in Tehran…
Inflation rate reduced by more than 19.2 percent compared with last year’s 35 percent and reached 15.8 percent by the end of the month ending January 20th, announced the Statistical Center of Iran…
Imports and exports nearly stood at the same level from March 20, 2014 to Feb 10, 2015, managing director of Iranian Customs Administration, Masoud Karbasian said on Saturday. According to IRNA,…
The Central Bank of Iran (CBI) has issued a bylaw obliging all banks to pass “interbank” checks only until 1 pm on working days, Eghtesad News reported.
An interbank check is issued on…
The latest edition of Iran’s National Web Festival kicked off at the Shahid Beheshti campus, in northern Tehran, on Sunday.
Two main speakers of this year’s event were Jaques Van Niekerk,…
Iran’s insurance industry is expected to achieve “strong single-digit growth” in the course of 2015, Business Monitor International predicts in its January report, though it revised down its…
Given the fact that the Central Bank of Iran cannot properly monitor the activities of the credit institutions they continue to increase interest rates on deposits, CEO of Iran Zamin Bank, Kamal…
The monetary base has contracted for the first time in a decade, according to a top official with the Central Bank of Iran.
The most important reason behind the increased prices of compulsory motorists’ third party insurance is the fact that “extra duties” are imposed on insurance companies, said CEO of state-owned…
A seesaw trading day at the Tehran Stock Exchange (TSE) was accompanied by the TEDPIX’s tiny retreat at Sunday’s close.
Fragile atmosphere at the equity market due to the lingering…
T he stagnant housing market in the second half of the current year (ending on March 20) led to an upward trend in the sector and saw financially strong customers enter the market.
Experts…
Mostafa Mo’azenzadeh, top aide to the vice president urged the private sector to start exploring new iron ore mines, noting that active iron ore reserves will be depleted in the near future.
Esfahan Steel Company (ESCO) exported 252,500 metric tons of different steel products during the first ten months of the current Iranian year (to end March 20), indicating a 32% growth compared to…
About 15.9 million metric tons of cement and clinker were exported during the first ten months of the current Iranian year (March 21, 2014-January 20, 2015), IRNA cited the secretary of Iran’s…
In a recent meeting with Iran’s deputy minister of communications, visiting Singaporean minister of communications and information technology, Yaacob Ibrahim, said his country is ready to develop…
Sterling rose to a three-week high versus the rial on Saturday, on the British currency’s rally in the international markets coupled with a general retreat of the rial against major currencies.…
A senior central bank official said on Saturday that commercial banks should be provided with cash if they are to raise capital, rejecting an alternative solution that urges lenders to increase…
The Central Insurance of Iran (CII) or Bimeh Markazi has completed a new system known as ‘SANHAB’, through which the activities of all insurance companies can closely be monitored.
The new…
Bank Sepah has targeted “equal distribution” of its financial resources in a bid to help boost growth and development in country, the bank’s CEO said on Saturday.
“Bank Sepah is more…
A parliamentarian has blamed the limited financial resources and high interest rates on loans as two major problems nearly 80 percent of manufacturing units across Iran are struggling with.
