Economy

The base year for releasing Central Bank of Iran's official statistics will be shifted to the last Iranian year that ended on March 20, 2017, announced CBI's director general for economic…

Refah Kargaran Bank is set to waive fines for its debtors in line with the Central Bank of Iran’s directive, Refah bank’s website announced. If debtors return the principal amount of their debts…

Lack of compliance to Financial Action Task Force regulations has impeded international banking relations, a deputy head of the Monetary and Banking Research Institute said.

“This has hurt…

The new rating system for Iranian banks based on which each bank will be ranked is currently under review in the Central Bank of Iran, the director of the Association of Private Banks and Credit…

More than 52,100 tons of kiwi worth over 1 trillion rials (around $27.6 million) were exported in the last Iranian year (March 2016-17), according to figures released by the Islamic Republic of…

The Center for Tobacco Planning and Supervision has listed the names of contraband cigarette brands in the Iranian market.

Chairman of the center, Asghar Ramzi, said Marlboro, Royal Five,…

Corn and rice had the largest share of non-oil imports into Iran in terms of tonnage in the first month of the current Iranian year (started March 21.

During the period, 662,000 tons of…

The Central Bank of Iran said it is expecting a double-digit economic growth for the last fiscal year that ended on March 20, 2017.

Latest statistics on Iran’s GDP growth pertain to the…

Iranian business leaders were relieved on Saturday after moderate President Hassan Rouhani, a proponent of foreign investment and engagement with the world, had secured another four years in…

Heading a 50-strong delegation comprising representatives from Iran’s major poultry production units, Agriculture Ministry’s deputy for livestock affairs, Hassan Rokni, visited Hungary and met…

Major Iranian mining companies produced 2.98 million tons of iron ore concentrate during the first month of the current fiscal year (ended April 20), registering a 64% growth compared with last…

Although the Iranian cinema saw significant growth last fiscal year (March 2016-17), the industry continues to grapple with a grave crisis, the Film Producers Guild of Iran declared.

More than 1.82 million tons of wheat worth 23 trillion rials (close to $616 million) have been purchased by the government from local farmers in 11 provinces, registering a 3% decrease compared…

People’s informed choice in the presidential election has pulled the country back from the brink of populism, but the government needs to implement radical economic reforms for the next four years…

Tehran Stock Exchange’s main index gained 116.40 points or 0.14% to end Sunday trade at 81,194.0.

The uptick came a day after the benchmark shot up 0.91% or 733.40 points to close Saturday…

Iran’s second largest mobile operator MTN-Irancell has started offering WiFi-based Internet services in taxis at Tehran’s Imam Khomeini International Airport. Travelers can easily connect to the…

Iran has been active in the Jordan-based Synchrotron-Light for Experimental Science and Applications (SESAME) project which brings several Middle East nations under a common umbrella to jointly…

After winning the May 19 presidential election with more than 23.5 million votes, or 57% of the total votes cast, President Hassan Rouhani addressed the nation on state television, and according…

The 6th International Innovation and Technology Exhibition (INOTEX2017) will kick off this week in Tehran with participation of several local startups and dozens of foreign technology firms.

The Central Bank of Iran has communicated bank-related regulatory articles of the sixth five-year development plan (2017-22) to the banking system.

In a separate announcement, the bank also…

Data released by the Central Bank of Iran are routinely monitored by the International Monetary Fund, therefore it must be compatible with international standards, announced the governor of CBI.…

Sina Bank was the most successful in focusing on small businesses, as the volume of bank guarantees supporting them has witnessed a significant rise. Bank guarantees issued by Sina to small…

Iranian voters on Friday handed a decisive victory to incumbent President Hassan Rouahni in a race that had become polarized not just along ideological lines but also along economic visions.

Tehran Stock Exchange’s main index gained 733.40 points or 0.91% to end Saturday trading at 81,077.6.

More than 1.01 billion shares valued at $87.35 million changed hands for the day.

Cotton is a strategic and all-purpose product in Iran’s textile industry. The country is heavily dependent on imports to meet the domestic cotton demand, which has seriously hurt cotton…