Lower oil prices will have a negative effect on Iran’s economic and financial systems in the next Iranian year, Business Monitor International predicts.
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A new online startup based in Tehran aims to tackle office inefficiency and communications with their new online platform. The new online platform called Taskulu attempts to tackle inefficiency in…
Commercial banks in Iran invest 18 percent of their net profit on IT services each year, while the global figure is about 35 percent, an expert said, warning that Iranian bankers must keep abreast…
The Money and Credit Council met this week to discuss the optimal provision of capital to commercial banks in hard cash.
During the meeting, it was approved that for increasing capital in…
The government has received a hefty payment in rials tantamount to 1.2 billion dollars from the Central Bank of Iran (CBI) with the permission of the Special Solutions Committee, during the…
The world of banking and financial services is starting to hear a new term. Fintech, short for financial technology, is the crossing of tech startups into financial services territory. The term…
The ongoing construction slump due to the prevailing recession in the housing sector has led to a remarkable decrease in demand for cement; ISNA quoted Abdol-Reza Sheikhan, secretary of cement…
On the second and final day of the 5th Iranian Steel Market Conference (ISMC 2015) in Tehran, foreign companies held a number of workshops to introduce their services and products to the managers…
Stocks rally at the week’s last trading day forced the overall index to recoup a small part of the recent massive losses at the Tehran Stock Exchange (TSE), with most of indices settling in green…
The Iran Mercantile Exchange (IME) featured various scrap commodities offered by the Islamic Republic of Iran Railways (IRIR) on Wednesday trading, the IME’s Public Relations and Foreign Affairs…
The Supreme Council of Iran’s Free Trade and Industrial and Economic Zones endorsed establishment of two new free trade zones, one in Ardebil and another in Ilam province, in its latest session…
An agreement has been reached between Iran and Turkey to establish a Supreme Council of Bilateral Cooperation, which will be run by both countries’ presidents, Fars News Agency quoted Iran’s…
Nearly 120,000 tons of pistachio, worth above $1.2 billion, have been exported during the first ten months of the current year (ending March 20), the head of Iran-China joint chamber of commerce,…
An official at the Center of Tobacco Planning and Supervision, Soheila Akbarabadi said on Wednesday her department seized a total of 289 million smuggled cigarettes in the first nine…
Close to 1,200 kilograms of farmed caviar was exported in this Iranian calendar year (ending March 20), ISNA quoted deputy head of Iran’s Fisheries Organization, Hossein Abdolhai as saying on…
The 5th Iranian Steel Market Conference (ISMC 2015) opened in Tehran on Tuesday. The conference is aimed at studying the opportunities and challenges in the steel production chain from iron ore…
Mining royalties, a crucial challenge for the sector, have been reduced from 30% to 25 %, SENA reported on Tuesday. The decision was made in a meeting hosted by the parliament’s integration…
The Iran Mercantile Exchange (IME)’s export trading floor played host to almost 91,000 tons of various grades of bitumen offered by Jey Oil Refining Company on Tuesday’s trading, IME’s Public…
The Tehran Stock Exchange’s (TSE)’s overall index ended a sloppy session only slightly higher than its previous day, with the Mobile Telecommunication Company of Iran (MTCI) leading the gains at…
The ministry of mine, industry and trade and the Forests, Range and Watershed Management Organization signed an agreement last Tuesday to replace small scale mining with large scale mining,…
First Vice-President Es’haq Jahangiri says increasing non-oil exports is high on the agenda of the government, IRNA reported on Tuesday. Speaking in the southern island of Qeshm, he added that…
The tariffs on fish products exported to Turkey have been reduced from 16 to 5 percent, following a preferential trade agreement between the two countries late last year, ISNA reported Monday.…
No permit has been issued for importing fruit, specifically citrus fruit, via the borders, minister of Agricultural Jihad Mahmoud Hojjati wrote in a letter to governors of border regions, as IRNA…
Deputy Minister of Economic Affairs and Finance, Mohammad Khaza’ee, recently spoke of drafting a special plan aimed at deregulating investment and adding more transparency to the administrative…
Through collective and united collaboration between private and public sectors, the D-8 member countries can increase their foreign trade volume to $500 billion by 2018, said the secretary general…
