After a week of depreciation, the rial rebounded against a basket of major currencies on Monday, with the dollar sliding over two percent to 33,800 rials and the Azadi bullion coin slipping 0.68…
Economy
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A top official with the Central Bank of Iran (CBI) said on Monday that the bank is planning to lower the inflation rate to 13 percent for next Iranian year, starting March 21, 2015, MNA reported…
The Iranian Privatization Organization has offered a large amount of government securities, valued almost 32 trillion rials, within the past 8 months, the IPO’s public relations department…
As overreactions to some recent political and economic developments continue to affect the decisions of investors at the Tehran Stock Exchange (TSE), the market’s main gauge, the TEDPIX, edged…
The Iran Steel Producers Association (ISPA) expressed serious concerns over the current situation at the steel market, saying if Indian and Chinese crude steel and other steel products are…
Over 133,000 metric tons of different commodities, worth 2.6 trillion rials, were traded at the Iran Mercantile Exchange’s physical spot on Monday. According to the IME’s public relations office,…
French companies are keen to resume business in Iran including in the country’s untapped auto market, said Bruno Foucher, the French ambassador to Tehran, on Monday. Attending the second…
Tehran is to host a German trade delegation comprising over 30 senior executives of Germany’s Near and Middle East Association on December 6-10, the official website of Trade Promotion…
Despite the good and extensive political ties between Iran and South Africa, economic relations between the two countries have kept a low profile over the past years. Decimated over a decade due…
The price of bread, the staple food of most Iranian households, increased 30% on Monday. The administration has allowed provincial governors to increase the prices by up to 30%, the government…
The government is planning to ease rules and regulations to help Iranian jobseekers find employment overseas in the near future, Hassan Talai, the deputy minister of cooperatives, labor and social…
After the end of the Iraqi imposed war on Iran in 1988, the Iranian banking system experienced a new era, when the Central Bank of Iran decided to put an end to traditional banking procedures and…
The Iranian rial plunged against all major currencies on Sunday as the US dollar surged to a 2-1/2 year high as rial’s selloff accelerated into its second week.
The minister of industry, mine and trade has devised three scenarios for collecting overdue foreign exchange loans in the form of a plan that has been submitted to the Central Bank of Iran and the…
The director general of the organization for nomadic affairs, Siavash Mirghaed, has stated that 40% of the livestock of nomads across the country will be insured according to an MOU signed…
Foreign carmakers seeking a return to the potentially huge Iranian market with the lifting of international sanctions will find the business environment has changed: former joint venture partners…
Imports outpaced exports by less than $3 billion in the first eight months of the year starting March 20, 2014. Nearly $34.2 billion worth of goods, mostly food and cars, were imported into Iran…
The ministry of communications and information technology will grant loans to private and knowledge-based firms to invest in telecommunication projects, Morteza Barari, the deputy minister said on…
At the invitation of the Ali Rabiee, the minister of labor and social affairs, his Qatari counterpart, Abdullah Saleh al-Khulaifi, will pay a visit to Iran in a few days to discuss issues of…
The director general of the National Building Regulations Bureau, Gholamreza Havai, has urged Tehran Municipality to work in tandem with the government while issuing construction permits.
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The ministry of roads and urban development has planned to deliver 700,000 Mehr housing units by the end of the current Iranian year (March 21, 2015), IRNA reported.
Ministry officials have…
The Central Bank of Iran (CBI) issued a directive on Sunday in a bid to support production enterprises in terms of financial and credit regulations, MNA reported.
The new…
Administration officials are still at odds whether to increase the price of bread across the country, MNA reported on Sunday. Earlier, the government announced it would allow bakeries to increase…
Iranian Steel Producers Association (ISPA) has announced that if the government accepts the Indians’ proposal to import steel in exchange for part of the oil money New Delhi owes Tehran, it would…
The first phase of building the country’s third car manufacturing hub in the southeastern port city of Chabahar will be complete by the end of the next Iranian calendar year (starts March 21, 2015…
