• New Report Reveals Banks’ NPL Ratio Gap

    A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly contrasting picture.
    "At present, even the banking regulator [Central Bank of Iran] lacks precise data about the volume of banks' restructured loan portfolios," Farhad Tajari was also quoted as saying by ICANA, the official news outlet of the parliament.
    However, he made a claim that, if proven to be true, paints a dark picture of the banking system.
    "Unofficial statements concerning the real volume of non-performing loans offered by the banking system using various techniques tell of a ratio going as high as 50% of all bank loans," he said. 


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  • Trump Meets Auto Executives
    CEOs or senior executives from ten American and foreign automakers met with President Donald Trump...
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  • Housing Rent Index Grows
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  • State Salaries to Be Made Public
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  • The production facility was inaugurated on April 24, during a ceremony attended by Industries Minister Mohammad Shariatmadari.
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  • The 2,300-kilometer Chinese railroad that links Urumqi, the capital of China’s Xinjiang Province, to the Iranian capital Tehran was first proposed in late 2015.
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  • Hyundai Kona's Iran Debut Slated for Summer
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    About 13.4 million tons of wheat are estimated to be produced in the country during the current fiscal year (March 2018-19), the manager of “Wheat Project” undertaken by the Ministry of Agriculture...
  • Haval H2
    During the ceremony to deliver the first series of the Haval H2 to customers, Bahman Motor CEO Hamid Davoudzadeh announced that Haval H6 will arrive in the market in October. While the private...
  • Rosewater Exported to  30 Countries
    Around 4,344 tons of rosewater worth 428.1 billion rials ($12.24 million) were exported to 30 countries from Iran during the last fiscal year (March 2017-18), based on figures released by the...
  • Nvidia Sees Lower Crypto Revenue
    Too many cryptocurrency clients and fewer cloud computing orders than expected...
  • Export Billet, Slab Prices Increase With New Deals
    Prices for Iranian exports of steel billet and slab increased in the week ending May 9, with new...
  • ICT Minister Mohammad Javad Azari-Jahromi (R) and the Asia-Pacific Telecommunity’s secretary general, Areewan Haorangsi, met in Tehran on May 8.
    On the sidelines of a conference of the South Asian Telecommunication Regulators' Council (SATRC) in Tehran, Iran's ICT Minister Mohammad Javad Azari-Jahromi met with the Asia-Pacific Telecommunity...
  • France Vows Pushback Against US Sanctions  on Iran
    France pledged on Friday to push back against the threat of US sanctions against French companies...
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  • CBI added that of the total foreign exchange allocations, $3.75 billion have been delivered by banks to the applicants.
    The Central Bank of Iran has announced allocating $6.6 billion to fulfill the country' foreign exchange needs between April 11 and May 8 at the unified rate of 42,000 rials.  CBI said in a...
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    Iran’s cybersecurity authority has cautioned computer users about a piece of cryptojacking malicious software which has gone viral in the country since April 1. Through its website, Iran’s...
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    Close to 6.55 million tons of oil and non-oil products were loaded and unloaded at Shahid Rajaee Port in the southern Hormozgan Province during the first month of the Iranian year (March 21-April...
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    US President Donald Trump on Tuesday pulled out from the Iran nuclear deal negotiated under his...
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    Iran’s housing sector has been showing signs of exiting a deep recession that had undermined the country’s overall growth for more than five years, but US President Donald Trump’s pullout on May 8...