Bank Melli Iran customers can now transfer money via a mobile app using the recipient’s phone number.
However, the service can only be used if both users – the sender and the receiver –…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
As a usual practice, in the recent 2015-16 budget bill presented to the parliament for review and approval, the administration has dedicated a section (Note 5) to National Development Fund of Iran…
More than 244,000 tons of oil-based commodities were up for grabs on the oil and petrochemical trading floor at the Iran Mercantile Exchange (IME), for local and overseas markets on Tuesday, the…
The minister of industry, mine and trade has called for the acceleration of investment in an iron ore concentrate plant in Hamedan Province, IRNA reported on Tuesday.
If the postponement of the nuclear deadline came as a disappointment to many, Iran’s auto industry, the largest non-oil sector in the country, looks set to benefit from the seven-month extension…
The recent broad retreat at the Tehran Stock Exchange (TSE) pushed down the benchmark to its previous record low, highlighting the TSE's unique Price Earning (P/E) ratio, which provides an…
More than 666,000 tons of lead ore have been produced by 3 subsidiaries of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), within the first 8 months of…
Following some speculations about possible replacements in the leadership of the Securities and Exchange Organization, new media reports claim that the successor to the incumbent SEO chairman, Ali…
The Central Bank of Iran (CBI) will allocate 10 trillion rials ($372 million at the offical exchange rate) by the yearend for plans to get new employment policies implemented, Hassan Taie, the…
Head of the Trade Promotion Organization Valiollah Afkhamirad called on Tuesday for the expansion of Tehran-Berlin bilateral ties, saying that the Geneva nuclear deal, reached between Iran and the…
The Persian Gulf Bridge, which is to be launched by March 2016, will play a significant role in transit of goods and economic activities in the region, Ali Akbar Shabani, CEO of Qeshm Free Trade…
In Iran the importance of spatial planning was first realized around five decades ago and the first stage of spatial planning was implemented by the government in 1966.
With economic and welfare policies adopted by the government, next year’s inflation rate is highly likely to plunge further, Ali Rabiee, minister of cooperatives, labor and social welfare, said on…
Iran’s share in the Iraqi market stands at less than 20 percent, while the number should reach 25 percent given the two sides’ strategic neighborly ties, Jahanbakhsh Sanjabi Shirazi, the secretary…
Saipa, Iran’s second largest carmaker is to implement a new plan to scrap dilapidated old cars in big cities and replace them with new vehicles. The manufacturer simultaneously aims to stimulate…
In the budget bill submitted on Sunday to the parliament for the next fiscal year, the share of oil revenue has dropped to 32 percent from 38-39 percent in the current year’s budget, Mohammad…
Foreign exchange facilities of the Export Development Bank of Iran have gone up by 40 percent in line with Iran’s rising exports as sanctions against the country ease.
Iranian banks are a viable instrument for linking the country to the global economic system, said a European banking analyst, Banker News Agency reported.
The Financial Tribune has conducted a field research on premium services offered by commercial banks in Tehran. It has found that not all the banks offer premium services and that some services…
The Central Bank of Iran is mounting a three-pronged attack to curb corruption, says the bank’s governor Valiollah Seif. The bank is working to change structures, methods and technology to counter…
The administration plans to raise the lending power of commercial banks by $20 billion dollars. Five billion dollars from Iran’s Oil Stabilization Fund will be used to increase the capital of…
The government has decided to continue the previous administration’s cash subsidy scheme for the next year, starting March 2015, said Mohammad Baqer Nobakht, the vice president for strategic…
The Iranian industrial and mining sector is awaiting foreign investors with $9 billion of investment opportunities, the deputy of industry, mine, and trade said in the 18th Middle East Iron and…
Some 24 trillion rials (about $892 million at official exchange rate) of investments are annually required to mechanize the agriculture sector, including horticulture, livestock, and poultry and…
Germany’s economic activity is growing at a rapid pace. A flurry of recent news indicates to what extent Germany is back in business.
