Economy

In a performance report covering the period since the current fiscal year began in March 2017, the Central Bank of Iran has reviewed its major monetary policies related to reducing bank interest…

As part of efforts to organize the informal monetary market, particularly the unlicensed credit and financial institutions, a committee is to be formed at the Central Bank of Iran with the sole…

Members of parliament in their latest open session on Saturday reviewed the details of the fiscal 2018-19 budget law and approved measures concerning finance, government resources and bonds,…

Thirteen expansion projects of Kerman Province’s National Iranian Copper Industries Company were inaugurated late Thursday by President Hassan Rouhani and Minister of Industries, Mining and…

About 111 million shares valued at 218.74 billion rials ($4.75 million) were traded online at Iran’s capital market during the first 10 months of the current fiscal year (March 21-Jan. 20).…

Iranian billet export prices dropped $5-10 per ton over the week that ended Jan. 31, with deals reported at prices lower than the preceding week amid the global downtrend in the long steel…

Tehran Stock Exchange’s overall index closed the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2017) at 95,510, indicating an 11.3% rise from the beginning of that season and 23.3…

Tehran Stock Exchange’s main index lost 414.69 points or 0.42% to end Saturday trade at 97,718.8.

About 1 billion shares valued at $77.41 million changed hands at TSE for the day.

Aston Martin is seeking a joint venture in China to help break into the world’s biggest market for EVs, CEO Andy Palmer said.

Iran Khodro has started online presales of the hatchback model Peugeot 207i. The vehicle is offered with automatic and manual gearboxes, priced at 429 and 495 million rials ($9,420 and $10,870…

Toyota Motor Corp aims to sell 1.4 million vehicles in China in 2018, nearly 9% more than it sold last year, but two insiders at the Japanese automaker said production constraints and other…

Close to 22,000 tons of milk powder worth $77 million were exported from Iran during the first eight months of the current Iranian year (March 21-Nov. 21, 2017), registering a 144% and 140%…

Qom was the hardest-hit Iranian province during the recent outbreak of avian flu, the chairman of Iran Veterinary Organization said.

Alireza Rafiei also told Fars News Agency that more…

More than 37.27 million tons of goods were loaded and unloaded in Imam Khomeini Port located in the southern Khuzestan Province during the first 10 months of the current Iranian year (March 21,…

About 384,000 tons of non-oil products worth over $257 million were exported from the northern Gilan Province during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20, 2018…

The Producer Price Index for the industrial sector in the 12 months ending Dec. 21, 2017, which marks the end of fall, increased by 12.7% compared with the same period of last year, the…

Former minister of economic affairs and finance, Ali Tayyebnia, was awarded Singapore’s Lee Kuan Yew Foundation prize on Thursday.

Tayyebnia is the first Iranian recipient of this…

The Central Bank of Iran has projected that the country's non-oil sector's growth in the fiscal 2017-18 will outpace that of the preceding year, which was 3.3%.

The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.

After Siavash Zera’ati resigned as the chief executive of Bank Saderat more than a week ago for unannounced reasons, Hojjatollah Seyyedi has been appointed to take the helm of the commercial…

Iran’s stock market was down on all fronts last week, as systematic risks, sliding oil and base metal prices coupled with heavy sales by institutional investors, and a further rial devaluation…

The flawed management of foreign exchange market in Iran has led to damaging consequences for Iran’s economy, a former president of Iran Chamber of Commerce, Industries, Mines and Agriculture…

The Producer Price Index for the mining sector in the 12-month period ending Dec. 21, 2017, which marks the end of fall, increased by 11.2% compared with the same period of last year, the…

President Hassan Rouhani inaugurated three iron ore and steel projects in Sirjan County during his visit to Iran’s southern Kerman Province.

Bank Saderat is gearing up for downsizing, as it plans to sell off shares in five of its subsidiary companies.