Economy

Bread prices will increase in the upcoming calendar year (to start March 21); Fars news agency quoted Arsalan Fat’hipoor, the head of the parliament’s economic commission as saying on Saturday.…

During the past few years, a number of Iranian commercial banks have suggested that Automated Teller Machines (ATM) should be updated and adjusted to accept checks. Namely, CEO of Bank Mellat…

A conference on the development of financial innovation in Iran will take place on March 1, according to the news website, Banker.

The conference, set to be held at Sharif University in…

The Supreme Anti-Money Laundering Council has ruled that any suspicious hefty financial transactions are to be regulated Interior Minister Abdoreza Rahmani-Fazli said.

Bank Saderat Iran has issued more than 9,000 virtual cards to institutional and non-institutional entities during the first nine months of the current fiscal year (ending January 20).

…

In an address to the Public-Private Dialogue Forum in Khoramabad, Lorestan, Justice Minister Mostafa Pour-Mohammadi has voiced support for the administration’s idea that banking structure needs…

Those who invested in gold and housing markets in the past decade have made tenfold profit from their investment, while those involved in foreign exchange and stock markets have respectively made…

In effect of a complaint filed by the Trade Development Intl. Company (TDIC), branch 19 of Shahid Behehsti Judicial complex has ruled in favor of a distraint notice on the assets of Iran Zamin…

Iran is facing serious environmental challenges such as drought and water crisis, but the government is trying to  address the problems through strategic planning, First Vice-President Eshaq…

Relatives of US soldiers killed and wounded in a 1983 Beirut bombing have been barred by a US judge from seeking $1.6 billion in assets belonging to the Central Bank of Iran and held by a unit of…

The first national conference ever held in Iran on a “suggestion system” within the Iranian banking network is set to open on Feb. 23 in the central bank’s conference hall. Iran Banking Institute…

The Money and Credit Council is evaluating a new set of regulations offered by the central bank for the bureaux de change and leasing companies in free trade zones.

Iran’s northwestern free trade zone called Aras has announced it has broken ground on its largest shopping mall yet, according to the free trade zone’s website.

The new mall, called Aras…

As the New Year (Norouz) is approaching, Bank Mellat’s board of directors ordered all branches in Tehran and other cities to operate over hours (except for Thursdays).

The decision was made…

Tehran’s gold market has taken another knock on Saturday with the Iranian Azadi bullion coin taking a hit.

The Central Bank of Iran will carry out monetary policy more effectively if sanctions against it are lifted, a recent report by the Economist Intelligence Unit says.

An Armenian company has managed to get its trading code, issued by the Central Securities Depository of Iran (CSDI), at the Iran Energy Exchange (IRENEX). As the 18th foreign trader at the IRENEX…

Saturday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of about 152,681 tons of 33 types of commodities at the spot market, IME’s Public Relations and Foreign Affairs…

The Iranian Privatization Organization (IPO) has offered new incentives to the private sector for purchasing government assets, IRNA reported on Friday.

Stocks’ early rally helped the overall index to snap 2 days of losing at the Tehran Stock Exchange (TSE) at Saturday’s close, after positive speculations on lingering nuclear talks triggered…

As of this week car importers are officially required to observe new rules announced by the ministry of industry, mine, and trade while setting prices of imported cars.

Despite sustained recession in the housing market, the demand for houses by the low and middle income groups is expected to increase the prices of these houses in the next Iranian year (starting…

More than 5,400 tons of hand-woven carpets worth more than $284 million have been exported during the first ten months of the current year, registering a 32 percent rise in volume and 14 percent…

While South Korea was the first country to impose sanctions on Iran’s auto parts industry, it was the biggest exporter of automobiles to Iran in the current year (to end March 20), Mehdi…

More than 74,000 metric tons of high quality honey has been produced this year, deputy minister of agriculture, Hassan Rokni, said on Friday, calling on the government and the private sector to…