Economy

Iran’s banking sector will benefit from the removal of sanctions at the start of 2016 and lending growth will pick up in line with an improving economy, but a weaker rial and elevated inflation…

A study has outlined the poverty threshold with implications for housing affordability across Iran’s 31 provinces and shows the relationship between the median income of households and housing…

Central Bank of Iran has denied the existence of counterfeit 500,000 rial Iran Checks. Amir Shokri, head of CBI Money Printing Department, said that new 500,000 checks contain high-security…

Bank Day has loaned an unidentified domestic airline 884 billion rials ($29.5 million at the official exchange rate) for fleet renewal.

Central Bank of Iran has denied the existence of counterfeit 500,000 rial Iran Checks. Amir Shokri, head of CBI Money Printing Department, said that new 500,000 checks contain high-security…

Sanctions relief will allow Iran to reconnect to international financial markets, import previously restricted goods, expand export markets and receive greater foreign direct investment.

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Brokerages will not pay value added tax anymore on their trading and clearing services, said Mostafa Haqiqi Mehmandari, a member of Bourse High Council, on Wednesday.

The French FIVES Group and the Iranian Mines and Mining Industries Development and Renovation Organization signed an agreement on establishing a joint aluminum anode production company through…

In preparation for foreign investment, the administration of President Hassan Rouhani, including the Securities and Exchange Organization of Iran and other state bodies, has set up…

Tehran Stock Exchange’s benchmark inched up 4 points or 0.01% during the week that ended November 4 compared to the previous trading week to settle at 62,927.

According to TSE data, the…

Tehran and Belgrade agreed to establish a joint commission to pave the way for increasing bilateral economic and trade cooperation during a meeting between Iran’s Minister of Industries, Mining…

Iran’s export of technical and engineering services to Iraq has been hit hard in recent years due to the security situation in the neighboring country and Baghdad’s credit crunch caused by falling…

Iranian families living in urban areas spent an average of 234.865 million rials ($7,831 at official exchange rate) over the past Iranian year (ended March 20, 2015).

The figure registers a…

Deputy President of South Africa Cyril Ramaphosa is due to arrive in Tehran on Saturday at the head of a 160-member trade delegation, announced deputy foreign minister for Arab and African affairs…

Shatel Internet, Iran’s oldest ADSL provider, has announced at a press conference that it can now offer users 100 Mbps to 300 Mbps Internet connections.  The group’s President Mohammad Hassan…

Following a week of disturbances for both ADSL Internet and mobile Internet services, the country’s minister in charge of the sector has officially apologized.

Mahmoud Vaezi, the…

Toyota is investing $1 billion in a research company it is setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker’s determination to lead…

Unification of foreign exchange rates is now viable and official exchange rates are now closer to the free market prices, CEO of Parsian Bank, Kurosh Parvizian said, the Trade Promotion…

The first phase of loans to help Iranians buy domestically-manufactured products will be launched in cooperation with the Central Bank of Iran next week, an official with the Ministry of…

The Central Bank of Iran and Iran Chamber of Commerce will support the formation of the National Association of Leasing Companies by merging the existing unions to help lift the leasing sector.

The Minister of Roads and Urban Development has announced plans for renovating the air transport fleet through rent-to-buy leasing contracts.

Banks lent different sectors a total of 1.6 quadrillion  rials ($53.4 billion at the official exchange rate) in the first half of the calendar year (started March 21), marking an increase of…

Iranian insurance companies paid 57.7 trillion rials($ 1.9 billion at the official exchange rate) in claims settlement to policyholders during the first six months of the calendar year (Started…

The goods and services Consumer Price Index for rural areas in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, increased 12.7% compared with last year’s…

Authorities have shut down a counterfeit KFC fast food restaurant in Tehran. “No license has been issued for KFC or McDonalds, as the two US brands have not declared any intention for starting…