Iran’s top economic officials have reacted to the news that Iranian assets have been frozen by a Luxembourg court, expressing confidence that the case would end in Iran’s favor.
“We hope…
Economy
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Economy
The Central Bank of Iran hosted a meeting to analyze obstacles to the implementation of the International Financial Reporting Standards.
During the one-day meeting on Tuesday, issues…
Economy
President Hassan Rouhani’s Cabinet has approved a measure to repay its arrears to the Social Security Organization and the organization’s debts to a commercial bank.
Economy
The rial was quoted at 37,240 to the US dollar on Wednesday, gaining 0.59% against the greenback compared with Tuesday's close.
According to Tehran Gold and Jewelry Union's website,…
Economy
Tehran Stock Exchange’s main index lost 514.90 points or 0.67% to end Wednesday trade at 76,285.5.
More than 1.6 billion shares valued at $86.4 million changed hands for the day.
…
Economy
After more than a decade, the dividends of the so-called “Justice Shares” held by more than 49 million Iranians have been determined to be worth 550 trillion rials ($14.47 billion) on Tuesday in a…
Economy
Iranian steel producer Bafgh Mineral Complex Iron and Steel Industry Company, otherwise known as B-MISCO, plans to enter the export segment. The company aims to focus on foreign customers amid…
Economy
The Fourth Iranian Economic Overview Conference was hosted by Donya-e Eqtesad Group, the parent company of Financial Tribune, in Tehran on Wednesday.
Eminent economists and pundits…
Economy
Per capita consumption of pesticides in Iran is around 400 grams per year as opposed to 70 grams in the European countries and 80 grams in the United States, the head of Iranian Genetics Society…
Economy
Iran exported more than 85 tons of saffron worth over 3.68 trillion rials (about $98 million) during the 10 months to January 19, according to the Islamic Republic of Iran Customs Administration…
Economy
The share of cultural projects in the new budget (March 2017-18) has increased from 2.42% to 2.48%, said the government spokesman, Mohammad Baqer Nobakht.
Adding that non-governmental…
Economy
Urban management in Iran is a failure and trying to gloss over the reality of what’s happening is futile, the minister of roads and urban development said.
Economy
About 320,000 liters of blood plasma are produced in Iran whereas the country needs 700,000 to 1 million liters a year, according to the chairman of Health Economy Commission of Tehran Chamber of…
Economy
India’s Tata Motors showcased a preproduction versions of the Italian-design Racemo two-seat sports car from its new upscale subbrand, TAMO.
The company said sales would begin in India…
Economy
The Minister of Industries, Mining, and Trade, Mohammad Reza Nematzadeh, inaugurated an auto parts manufacturing line in Tabriz, East Azarbaijan Province on Tuesday.
Auto parts needed for…
Economy
Iran Khodro Diesel (IKD), the manufacturer of IKCO’s commercial vehicles introduced a new minitruck, Persika on Tuesday.
Economy
French automaker Renault exported 13,449 cars to Iran in January marking a significant rise in the firm's vehicles in the burgeoning local automotive market.
The new figures indicate a…
Economy
Hyundai Motors unveiled an all-new Sonata sedan model in the country’s capital on March 7 according to a local automotive blog website.
The Sonata 2018 builds on the body of the previous…
Economy
According to a directive issued by the Cabinet, Economy Minister Ali Tayyebnia has been authorized, on behalf of the government, to guarantee the repayment of the principal amount plus the…
Economy
The research arm of the Iranian Parliament has called on two organizations in charge of publishing economic data to work more closely and form a joint committee to curb actions that could erode…
Economy
Following news that Iran's assets in Luxembourg have been frozen by a court, a senior Iranian official said on Tuesday lawyers with the Central Bank of Iran are currently consulting Luxembourg…
Economy
An Iranian-European bank will be established with three Iranian and four European members serving on the management board, said a senior banking director.
Economy
One of the main issues on the agenda of Azerbaijani President Ilham Aliyev’s visit to Iran, which ended on March 5, was the project of the International North-South Transport Corridor, which is…
Economy
Water crisis, environmental woes, crumbling pension funds, banking troubles, budget deficit and unemployment are six major challenges of Iran’s economy, the senior economic advisor to President…
Economy
With 5 trillion rials (over $133 million) worth of investment, Iran’s apparel industry has the potential of creating 370,000 jobs, a deputy minister of cooperatives, labor and social welfare said…
Economy
