The unauthorized financial and credit institutions hold 20 percent of the money supply, according to news website BINA. Statistics released by the International Monetary Fund suggest that there…
Economy
Economy
M ajor banks agreed on deposit interest rates on Wednesday, after the central bank left it to them to decide on the matter.
Economy
Financial experts and policymakers who had convened for a second meeting to discuss banking strategies after the sanctions are lifted if a nuclear deal is finalized by June 30 sounded more vocal…
Economy
About 191,000 tons of steel section was offered on the Iran Mercantile Exchange’s industrial and mining trading floor on Wednesday trading.
According to IME public relations, Khuzestan…
Economy
Stocks in Tehran Stock Exchange staged yet another rout at Wednesday’s close, with oil refining companies, petrochemicals, and minerals pulling down the TSE’s overall index to stay in red for the…
Economy
According to deputy minister of industry, mine and trade, Ja’far Sarqini, 2,200 mines out of 7,600 mines in the country remained inactive over the past Iranian calendar year (ended March 20).
Economy
Iran is the world’s fourth producer ceramic tiles and the fourth exporter to Asian and Middle Eastern countries, deputy minister of industry, mine, and trade, Ali-Asqar Tofiq said on the sidelines…
Economy
Rural inflation rate stood at 13.4 percent in the first month of the current Iranian calendar year (started March 21), showing a 3 percent decrease compared to a month before, according to the…
Economy
About 10,000 metric tons of silk cocoons are produced in Iran annually, IRNA quoted head of Sericulture Organization, Ali-Asghar Dadashpour as saying.
Economy
About $2 billion worth of apparel is smuggled into the country annually, while legal imports are 333 times less at $6 million, Eghtesad News quoted deputy industry minister Mojtaba Khosrotaj as…
Economy
A Chinese delegation in a visit to Alborz Province – located northwest of the capital Tehran – has expressed readiness for making investment there, IRNA reported.
Economy
Iran’s West Azerbaijan Province plays a crucial role in consolidating trade ties between Tehran and Ankara, said Turkey’s ambassador to Iran Reza Tekin Hakan, calling for closer relations with the…
Economy
President Hassan Rouhani says that Indian investment in the Port of Chabahar will open a new chapter in Tehran-Delhi trade ties, IRNA reported.
He made the remarks while receiving Indian…
Economy
The heads of Iran and Algeria chambers of commerce, Gholam-Hossein Shafei and Mohamed Laid Benamor held talks on Tuesday as part of Iran-Algeria Trade Forum organized by Iran Chamber of Commerce,…
Economy
Business Monitor International revised down its forecasts for the Iranian insurance market in an April report forecasting the third quarter of 2015. However, the think-tank said the sector would…
Economy
The recent deposit rate cut has had no impact on gold market, according to an expert in Tehran.
Mohammad Keshti-Aray, president of the Gold and Jewelry Union, said although one week has…
Economy
The CEO of a private bank has denied there is a state of monopoly over money in the country, saying the heterogeneous nature of Iranian banking system makes it impossible for few entities to…
Economy
A banking consultant with Iran Chamber of Commerce has attributed half of Iranian banks’ non-performing loans (NPLs) to just 600 individuals and companies.
Economy
The Central Bank of Iran has deregulated deposit rates for accounts with a fixed term of one year and sight deposits. The decision was announced as the CBI compelled the banks to implement the…
Economy
The economic committee of the parliament is preparing a new motion to reform the process of issuing bank checks, according to the Islamic Consultative Assembly News Agency (ICANA). The proposal…
Economy
The ministry of industry, mine and trade is targeting to increase mineral extractions to 450 million metric tons in the current Iranian calendar year (started March 21), IRNA reported.
Economy
According to experts more than 60% of enterprises in Iran fail within their first year, and about 20% before their third year of business. Small and medium-sized enterprises (SMEs) fall victim…
Economy
The stocks early rally in Tehran Stock Exchange evaporated at Tuesday close, pushing down the overall index to pile up more losses, and extending the benchmark’s losing streak for a third…
Economy
T he seventh International Conference on Islamic Capital Markets was held in Tehran on May 4-5. Jointly organized by the Securities and Exchange Organization (SEO), the Islamic Development Bank…
Economy
More than 438,000 tons of various goods were listed on Iran Mercantile Exchange trading floors on Tuesday, with polymers and bitumen in the limelight.
Economy
