Iran’s commercial lenders are in a rut. They are facing challenges that could damage the entire banking system. They are being called profiteers. Various centers of power, namely the government…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
B anks and credit institutions can invest indirectly in the equity markets. The Central Bank of Iran issued a directive pertaining to this matter on Monday. The move is aimed at increasing equity…
Sixty-one percent of the aggregate amount of deposits within the Iranian banking system is entrusted with the banks in Tehran. Out of the overall 7.5 quadrillion rials ($274 billion) of…
Not only do Iranian lighting products rival those made in Germany and France, they are also exported to Italy, which is a leading country in the industry, said the head of the guild of…
More than 9.25 million metric tons of cement was exported during the past 8 months, said the secretary of Iranian Cement Industry Employers Association.
“The export suffered an 8% decline…
The minister of industry, mine, and trade says his ministry is planning to merge small automakers, emphasizing that the plan would take time, Eghtesadnews reported on Sunday.
Mohammad-Reza…
Based latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran produced more than 12.6 million metric tons of crude steel during the…
Stocks swung between small gains and losses on Sunday, with the Tehran Stock Exchange main index (TEDPIX) inching up 0.07% after the listed petrochemical firms contributed positively to the…
Iran Mercantile Exchange (IME)’s industrial and mining floor was host to various types of copper offered by the National Iranian Copper Industries Company (NICIC) on Sunday.
The initial public offerings of four government-owned companies will be launched on Febraury 17, Iran Provitaization Organization (IPO) reported. Close to 90 million shares of Kermanshah Oil…
The Kish Free Zone Organization announced on Sunday that it signed an agreement with the National Standard Organization to delegate the responsibility of Import/Export Quality Control and cargo…
G overnmental debt to the banking system surged during the first six month of the current fiscal year. Governmental debt reached 1.28 quadrillion rials ($47 billion at official exchange rates) by…
The Central Insurance of the Islamic Republic (CIIR) has recently published official statistics on the insurance industry for the fiscal year ending March 20, 2014 (1392). The industry is…
Ericsson is reportedly in negotiation to partner with the first Iranian 3G operator RighTel, a source familiar with the talks said.
Fifteen percent of Iraq’s foreign trade is with Iran, announced Yahya Al-Es’haq, the head of Iran-Iraq joint chamber of commerce, in the second conference on introducing business opportunities and…
In the second quarter of the current fiscal year (June 22-Spetember 22, 2014), the country's economic growth rate was 3.7 percent including the petroleum sector and 3 percent excluding the sector…
The lopsided implementation of the subsidy reform plan has exacerbated the widening rift between the country’s social classes, IRNA reported.
“As it was anticipated by the CBI in 2012, the…
Iran’s business activities should be focused on trade with neighboring countries as the economic sanctions imposed by the West keep the country from being a big player in the global market, Majid…
The agriculture minister, Mahmoud Hojjati, and his accompanying delegation left the country for China on Sunday at the invitation of his Chinese counterpart, Han Changfu, IRNA reported.
Plans are underway to expand Aras industrial site on Iran-Armenia border, Akbar Torkan, the presidential chief advisor and secretary of the Council of Iran’s Free Trade, Industrial and Special…
About 1.3 thousand tons of cigarettes, worth $9.6 million, have been imported in the months of Azar (November 21-December21), accounting for 0.23 percent of the country’s total import in this…
About 5.9 million tons of different essential commodities were imported to the country during the first nine months of the current year, Deputy Minister of Agriculture Ali Ghanbari said on Sunday…
Global demand for bitumen is expected to reach 137 million tons by 2020, growing at an annual rate of 2.7% from 2014 to 2020. This level of increase in demand arises largely from the rapid growth…
Iran’s financial system is currently inflicted with a dangerous disease, with commercial banks investing in businesses and stocks.
The central bank has urged owners of bureaux de change to comply with new regulations on capital requirement or leave the guild and consider a change of career.
