The Central bank of Iran is determined to navigate moneychangers back to their original activities and leave banking operations to banks, said the head of the Department for Banking Supervision at…
Economy
Economy
The two-term government of former president, Mahmoud Ahmadinejad, was responsible for a whopping surge in home prices throughout the country, the head of Tehran Association of Builders said.”…
Economy
An integrated database will be formed to publicly release information on government-run companies, banks and insurance firms, which will help assess and rate their performance, announced the…
Economy
India is fast-tracking its plans to complete two new terminals at Iran’s Chabahar Port with the tendering process already underway, India’s transport minister said.
The agreement for…
Economy
About 2.25 million tons of rice are estimated to be produced in Iran during the current Iranian year that started on March 21, the head of Iran Rice Council said. “This is almost the same amount…
Economy
Iran has received $15-20 million discount on the Airbus A330 passenger planes it has ordered from the European planemaker, a deputy minister of roads and urban development said. The A330 models’…
Economy
Minister of Roads and Urban Development Abbas Akhoundi met with Kyrgyzstan’s Parliament Speaker Chynybai Tursunbekov in Tehran to discuss the prospects of mutual cooperation in transportation…
Economy
The average goods and services Consumer Price Index for urban areas in the 12 months ending April 20, which marks the end of the first Iranian month of Farvardin, increased by 9.5% compared with…
Economy
The area under greenhouse cultivation in Iran has increased by 37.2% since President Hassan Rouhani took office in August 2013 to reach 11,425 hectares, Deputy Agriculture Minister Mohammad Ali…
Economy
The promise of creating 1.2 to 1.5 million jobs annually made by two presidential hopefuls, namely Mohammad Baqer Qalibaf and Seyyed Ebrahim Raeisi, in their stump speeches seems like another…
Economy
Tehran Stock Exchange’s main index gained 171 points or 0.22% to end Wednesday trade at 79,596.9.
Over 1.2 billion shares valued at $72.84 million changed hands for the day.
Shahd…
Economy
According to the Central Bank of Iran, Iran’s average daily oil exports (including crude oil and oil products) rose by 41.2% in the last Iranian year’s (started March 20, 2016) first quarter and…
Economy
In its latest report titled “Short Range Outlook for 2017-18”, the World Steel Association forecasts that Iranian steel demand will increase by 4.9% to 20.04 million tons in 2017 and will increase…
Economy
Mines and Metals Development and Investment Company, one of the largest mining holdings in Iran’s equity market, plans to put up a 16.1% stake of the firm for sale on May 9.
Economy
Zagros Khodro, a now defunct producer of Proton models, may come back from the dead according to the Minister of Industries, Mining and Trade, Mohammad-Reza Nematzadeh who visited the mothballed…
Economy
Contrary to reports that commercial vehicle importer Khodro Sazi Sina (KSS) has outbid Mammut Group's subsidiary on the contract for the import of Volkswagen-branded cars to Iran; the managing…
Economy
CEO of Iran Khodro (IKCO) has finally announced the price for its Peugeot 2008. Hashem Yekezare told local news website Eghtesad Online that the car will be sold for 900 million to 1 billion rials…
Economy
More than 90% of the Foreign Ministry's negotiations are focused on promoting economic cooperation and expanding export markets, particularly in Central Asia, West Asia, Africa and Latin America,…
Economy
Iran's Ministry of Economic Affairs and Finance has published a report detailing the performance of seven Iranian banks in the area of correspondent relations, indicating that the international…
Economy
In line with Bank Melli Iran's activities in Iraq, the bank is going to open a branch in the shrine city of Najaf in the near future while starting a branch in Karbala is also on its agenda, said…
Economy
Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that…
Economy
The Islamic Republic of Iran made exporting and importing easier by expanding the services offered by the national single window, said the World Bank in its Doing Business 2017 report for the…
Economy
A 50-member trade mission from Luxembourg is expected to arrive in Tehran on April 29 to hold talks with their counterparts from the Iranian private sector. Iran Chamber of Commerce, Industries,…
Economy
Iran exported more than 57.68 million tons of mineral products worth over $7 billion during the previous fiscal year (March 2016-17), registering a 38% and 17% growth in trade volume and value…
Economy
In its latest quarterly report on Iran’s economic performance, the Middle East Bank has reviewed changes in prices and inflation.
The inflation rate in Iran fell below 10% for the first…
Economy
