Hossein Abdoh Tabrizi, former secretary-general of the Securities and Exchange Organization, said many banks are window dressing their financial statements and have reported false earnings during…
Economy
Economy
A two-day conference to discuss monetary and exchange rate policies will take place from May 31 until June 1 in Tehran. Farhad Nili, the head of Money and Credit Council, said the 25th annual…
Economy
T he nuisance value of unauthorized institutions is prompting monetary officials, who seem bent on organizing them, to keep the heat on the illegal firms.
Peyman Ghorbani, vice governor of…
Economy
After two years of shady operations, the Capital Market Development Mutual Fund’s (CMDMF) website has started its test run in a bid to change its image, the chief executive of Iran Financial…
Economy
A central bank official said financial authorities have been on the horns of dilemma as to how to respond to conditions since March last year, when inflation fell considerably but interest rates…
Economy
Three major copper mines extracted more than 12 million tons of copper ore during the first month of the current Iranian year, (started March 21), Eghtesad-News reported.
Economy
The Iran Mercantile Exchange’s agricultural trading floor played host to close to 5,500 tons of durum wheat, 1,200 tons of white sugar and 645 tons of rice supplied by local farmers as well as 700…
Economy
The history of drinking coffee in Iran goes back to the ninth century AD when the Sufis used the drink to help them stay up for overnight rituals. The drink became very popular in Safavid era in…
Economy
Unsettled investors keep shrugging off the massive devaluation and the record low Price Earnings, exacerbating recent routs at Tehran Stock Exchange.
Economy
A number of Japanese steel companies have shown interest in building steel plants near the port city of Chabahar in Sistan and Baluchestan Province, IRNA reported on Monday.
The requests…
Economy
According to head of Industry, Mine, and Trade Organization in East Azarbaijan Province, Hossein Nejati, the crude steel output in the province would increase to 21 million tons from the current 6…
Economy
More than 80 technological and science-based firms attended the 2nd National Cyber-Tech Expo that commenced in Tehran on Sunday.
The companies presented 180 technological products at the…
Economy
Samsung Group's de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more…
Economy
Telecoms Minister Mahmoud Vaezi, heading a delegation of top telecommunications professionals, is in the Swiss city of Geneva to attend the World Summit on the Information Society (WSIS) Forum…
Economy
Canadian smartphone maker BlackBerry Ltd, formerly Research in Motion, is cutting jobs across the world, the company said on Friday, Reuters reported, as it consolidates its software, hardware and…
Economy
German carmaker Daimler is to make software from web services company Baidu available in its Chinese Mercedes-Benz cars as part of a trend of deepening ties between carmakers and consumer…
Economy
The northwestern city of Ardabil will turn into a free trade zone by February 2016, as the statute of Ardabil FTZ is soon going to be approved by the government, ISNA quoted the deputy director of…
Economy
Iranian expatriates have invested more than $500 billion outside Iran, according to head of exports committee at Iran’s chamber of commerce, mines, industry and agriculture, Assadollah Asgaroladi…
Economy
In probably one of the most curious transit disputes in the Middle East over the past year, Tehran and Ankara have so far failed to solve the issue of long line of trucks – reaching 15 kilometers…
Economy
More than $480 million worth of aquatic products were exported during the past Iranian year (ended March 20), IRNA quoted managing director of union of fisheries cooperatives, Arsalan Ghasemi, as…
Economy
Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (FSVPS) has given the greenlight to import of Iranian dairy products and poultry, according to Iran Veterinary Organization…
Economy
Iran will produce $47 billion worth of agricultural products by the end of the year, experiencing an average annual growth of 2.9% in the next five years, Business Monitor International forecasted…
Economy
The Central Bank of Iran announced on Monday that commercial banks are allowed to engage in mass building projects if they use savings, rather than their internal resources, to fund them.
Economy
The spokesman of the economic committee of the parliament, Rahim Zare’, announced that a motion on usury-free banking was approved Sunday on the floor, a move that would limit usury banking…
Economy
Islamic banking’s usury-free monetary system has always been among the concerns of Muslim-majority countries. These ideals, along with fair lending regulations and statutes have eluded the Iranian…
Economy
