The Director of the Export Development Bank of Iran, Ali Salehabadi in the first meeting of the board of directors of the bank in recent weeks announced a new macro policy review and revision of…
Economy
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E-check system Checkavak will go online nationwide on Feb. 11 – the anniversary of the 1979 Islamic Revolution.
With Checkavak electronic check management system, bounced checks will be…
The smart phone application industry in Iran has taken another leap into the dark recently. A new app developed by graduates from Tabriz and Sooreh universities lets users take control of their…
Blocked Iranian assets so far released as part of a nuclear interim deal with the West is set to be spent as prioritized by the Central Bank of Iran, a top monetary official said on Saturday.
Banks must further help exporters and investors as the banking sector plays a central role in the development of non-oil exports, CEO of the Export Guarantee Fund of Iran, Taher Shah-Hamed said.…
The deputy minister of industry, mine and trade says the minister has ordered to stop the allocation of foreign exchange at official rate for the import of steel products in a bid to confront…
More than 34,000 construction permits were issued by the municipalities across the country in the spring of the current year (March 21- June 21), registering a 45.5 percent decrease compared to…
The Iran Mercantile Exchange (IME) played host to almost 518,257 tons of various commodities, worth close to 7 trillion rials on the spot market throughout the past week, which ended January 8,…
The slack domestic market for Iranian cement overseas, which is mainly due to instability in Iraq and insecurity in its borders, has led to an 8.5 percent decline in cement export within the first…
T he first exclusive exhibition of Italian companies in Iran was held on January 5-8 in Tehran International Permanent Fairground, showcasing dozens of Italian brands mainly in interior design.
Tehran Stock Exchange (TSE) recorded its longest losing streak within the past couple of years, with the benchmark nose-diving almost 3 percent during the past week, which ended January 7.
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The CEO of Iran Insurance Company, Abbas Farashiani, has announced that Tehran ranks first in receiving third party insurance compensations. According to latest statistics available, Razavi…
The advancement of electronics and information technology in Iran has been rapid in recent years especially in the realm of virtual banking so that the e-banking trend, which started out in the…
A new business association has been created for Iranian business owners to develop their business skills in local and international markets.
The announcement was made by Mohammad Sadr-…
High interest rates on loans and the inability of exporters in buying foreign currency at the official exchange rate, which is considerably lower than the market rate, were cited as primary…
The Central Bank of Iran (CBI) is closely monitoring lenders non-banking activities, said Governor Valiollah Seif.
Many commercial banks have invested heavily in the ownership and…
Gold coin futures contract for August delivery will be offered form Jan. 11 on the Iran Mercantile Exchange.
Each IME gold coin futures contract is for ten Emami gold coins. Each Emami gold…
Iran's Minister of Economy and Finance, Ali Tayebnia, says Tehran is eager to broaden economic relations with Kuwait, IRNA reported on Thursday.
He made the remarks in a meeting with Emir…
Aras Free Zone has absorbed $300 million in foreign investment thus far through discussions and endorsement activities carried out with the help of Iranian embassies in different countries,…
The fifth of January might go down in history as the day in which Iran’s ground breaking privatization process was delegitimized by the government itself. This day saw an outburst of criticism…
The price of bread, the staple food of most Iranian households, increased 30% about a month ago. However, in some cases, bread has been sold at prices higher than the level determined by the…
The value of retail exports of Iranian saffron reached $94 million in the first nine months of the current Iranian year (starting March 21, 2014), recording an increase of nearly 12 percent…
The government is planning to spend about 1.1 billion dollars (based on official exchange rate) on rural houses, Azizollah Mahdian, vice president for restoration and retrofitting of rural houses…
Iran is able to meet its domestic need of rice in the current year due to excessive import of the product during the past two years, Jamil Alizadeh Shayegh, secretary of the national Rice…
A new gold mine has been discovered on the outskirts of the northeastern city of Kashmar, in Khorasan-e Razavi province, IRNA cited the head of the provincial Industry, Mine and Trade Organization…
