Economy

Calling non-urgent three digit service numbers will no longer be free of charge, ISNA reported on Sunday.  Following the approval of the parliament, phone bills issued by the…

The Central Bank of Iran can prepare new banking contracts to address religious concerns of all five branches of Sunni Islam, an official with the bank said on Sunday.  “There is no…

With a debate heating up around fluctuations in the currency market and the need for unification of the foreign exchange rates, an administration official has argued that time is not right for…

All board members of Mizan financial and credit institution were detained by the police in Mashhad, Khorasan Razavi Province, after a judge ordered the arrests on Sunday.

Board members of…

Long caffeine fueled working hours, Armani suits, and fat bonuses. Investment banking is one of the more lucrative branches of financial services. In Iran, however, the business is just at its…

According to the ministry of industry, mine and trade, the production of aluminum ingots and anodes in Almahdi Company has been on the rise over the past four months, Mehr news agency reported.…

A number of investors in Iran’s equity market gathered in front of the building of Tehran Stock Exchange in Tehran on Monday to protest alleged insider trading, corruption, irregular launching of…

The Securities and Exchange Organization (SEO) is slated to slightly loosen the equity market's limit up-limit down price band and enhance transparency through monthly reports of the listed…

The Tehran Stock Exchange overall index pulled up 0.29 percent at Monday’s close, snapped a 6 day losing streak, and was pushed by all indices that settled in green.

 After a 6 day…

Based on negotiations held with officials at the Iran Mercantile Exchange (IME), cement will once again be offered at the IME's export trading floor within the next month, ISNA cited the secretary…

Around 300 tons of zinc ingots, 60 tons of copper wire, and 84,700 tons of steel sections were offered at Iran Mercantile Exchange’s industrial and mining trading floor on Monday, IME public…

Iran Fara Bourse recorded the highest trade value since April 21, with 164,530 shares changing hands, valued at $72.24 million, IFB public relations reported.

IFB’s main index snapped its…

The 3rd International Exhibition of Rail Transportation will be held in Tehran’s permanent fairground on May 17-20. According to Mehr news agency the venue for this year’s exhibition will be twice…

International Federation of Consulting Engineers (FIDIC) and Asia Pacific Networks of Science Centers (ASPAC) annual joint conference opened in Tehran on Sunday, IRNA reported.

With the aim of spurring non-oil exports, the government has shifted its focus to free trade zones for quite some time; and now the parliament looks set to approve six more such zones.

…

Following the news of a fivefold increase in transit fees imposed by Iraqi customs authorities on Iranian trucks, director of Ilam Province customs office on Monday announced that Baghdad is…

A direct shipping line between Iran and Oman will be officially launched on Thursday May 14, with the first ship setting sail from Iran’s Shaid Rajaee port to Oman’s Sohar port, IRNA quoted deputy…

Volkswagen Group CEO Martin Winterkorn, who last month survived an attempted ouster by his boss, told 5,000 VW managers that he plans to restructure the giant German automaker by October,…

Saipa, Iran's second largest carmaker, has failed to pay its debts to auto parts manufacturers and is in arrears by five months, auto news website Asre Khodro reported on Monday.  …

Iran’s economy is recovering from a deep recession and inflation has fallen from historic peaks. Some believe the recession and the 2012 currency crisis were brought about by the sanctions the…

The results of a new study in Iran shows that “wage” and “availability of bank loans” are the two major factors affecting the cost of capital in a manufacturing firm, and not the lending rate as…

After much heated debate in recent weeks, deposit rate cuts were finally implemented on May 6 but, as forecast by analysts, some banks are reluctant to abide by the new mandate just as readily.…

Plans are underway to facilitate investment in free trade zones through the financial sector, an official with the Supreme Council of Iran Free Zones announced on Saturday. The council is revising…

Stocks rout at the Iran Fara Bourse (IFB) dragged down the benchmark IFX to slip 9.41 points or 1.3 percent to settle at 710.63 at Sunday’s close, IFB public relations reported.

More than…

Nearly 60,000 tons of various commodities, valued at more than 583 billion rials were traded at the Iran Mercantile Exchange spot market in an abysmal trading day on Sunday.