Private lender Eqtesad Novin (EN) Bank has revised its charter as of Monday December 22. The Tehran-based lender held an extraordinary general meeting to make changes to its charter. The meeting…
Economy
Economy
The vice presidency for strategic planning and supervision has required the ministry of roads and urban development to enforce 10 major programs to pave the way for the implementation of the basic…
Economy
Iran and Russia will use the Iranian rial and the Russian ruble in their foodstuff trade and probably in their other deals in the near future, Mehr news agency cited Asadollah Asgaroladi, head of…
Economy
Airports across the country are to be equipped with new radar systems made by western companies, said Mohammad Ali Ilkhani, the managing director of the Iranian Airports Company (IAC), on Monday…
Economy
Taxes are expected to account for 32 percent of the government’s total revenues in the next fiscal year, starting March 20, 2015. Fortunately, in the budget bill proposed to the parliament on Dec…
Economy
Statistics released by Iran’s Customs Administration show that member states of the Organization of Islamic Cooperation (OIC) have been the major destination for Iran’s exports during the first…
Economy
An exclusive exhibition of Iran’s trade potentials will be held in Muscat, Oman, from January 6-10, the International Exhibitions Company of Iran announced. As IRNA reported, the event will be…
Economy
A government official has predicted that the housing market will not experience a price shock in the remaining months of the current Iranian year (ending March 20, 2015). However, the rental…
Economy
The government will pay 13 trillion rials ($481 million at official exchange rate) to the industrial sector by the end of this year, deputy minister of industry, mine and trade said. The subsidies…
Economy
Iron ore concentrate production during the first eight months of the current Iranian year (March 21-November 21) hit 16.85 million metric tons, indicating a 5% increase compared to the same period…
Economy
The Iran Mercantile Exchange (IME) recorded a drop of between 2 to 16 percent in prices of various polymers during Monday’s trade, with polystyrene registering the biggest slump, IME’s public…
Economy
Soon after President Hassan Rouhani took office in August 2013, his minister of communication and information technology pledged major reforms to the ICT sector both in terms of the quality and…
Economy
Investor's overreactions calmed on Monday at the Tehran Stock Exchange (TSE) with the overall index rallying at its best since November 8, after market activists digested the dovish policy of the…
Economy
Shortage of raw materials, caused by a sharp decrease in cotton production, has been the textile industry’s main challenge during the past few years, ILNA quoted Alimardan Sheibani, deputy…
Economy
Farhad Nili, Head of monetary and banking research institute (MBRI), affiliated to the Central Bank of Iran, outlined the seven major challenges facing the Iranian economy during a ceremony held…
Economy
By virtue of Article 3 of the Planning and Budget Law (approved in 1972), and in accordance with the basic policies of the 'resistance economy' declared by the Leader on February 18, 2014, the…
Economy
Deposit rates will be lowered as of Dec. 22, the Central Bank of Iran announced on Saturday. The bank has also banned the provision of financial services to unauthorized financial institutions.
Economy
Iran’s first online business-to-business, consumer-to-consumer and business-to-consumer website has been unveiled. Called Wejoo the site touts itself as Iran’s first online marketplace where…
Economy
The General Inspection Office of Iran (GIO) will increase its oversight on state-owned lenders as most wrongdoings reported recently in the media have been carried out in the banking system, says…
Economy
Minister of Roads and Urban Development, Abbas Akhoundi, said on Saturday that leasing in the aviation industry is prohibited, warning that airlines operating with rented aircraft will not be…
Economy
The Rouhani government pays a great deal of attention to the supply side of the economy. However, for the sake of its own survival and that of economic growth, it should do more to spur a fresh…
Economy
About 700 kilometers of rural roads have been asphalted in the current year – which started March 21 – in collaboration with rural communities, Seyed Hossein Mirshafi, the deputy of roads and…
Economy
In the first eight months of the current year (March 21-Novemeber 21), 5.11 million tons of wheat were imported to the country, registering a 154 percent growth compared to last year, ECO News…
Economy
The vice presidency for strategic planning and supervision has required the ministry of economic affairs and finance to enforce 10 major programs in a bid to pave the way for the implementation of…
Economy
Agricultural trading floor played host to 100 tons of white sugar, priced 20,500 rials per kg, 1,150 tons of local corn at the base price of 8,500 rials, and 25 tons of Russian barely, valued 9,…
Economy
