Economy

I magine that Iran and the P5+1 – the US, Britain, France, Russia, China and Germany – have come to an agreement on Tehran’s nuclear energy program.

Offering lower premiums on third party insurance schemes have recently disrupted the insurance market. Compulsory third party motor vehicle insurance is the main insurance product in Iran’s…

Under an approval by the Money and Credit Council (MCC), the customers of banks who manage to pay their foreign currency debts in six months time will be offered a 30% discount, an MCC member…

Following the collapse of negotiations between the Iranian ministry of road and urban development and the Turkish government, Energy Minister Mahmud Va’ezi left Tehran for Ankara on Tauesday in…

High tariff rates as well as bans imposed on the import of certain commodities are the root cause of smuggling in the country, Mojtaba Khosrowtaj, deputy minister of industry, mine and trade, said…

The money supply was growing at an extreme pace and the rate of economic growth was falling, but despite these concerning economic facts, banks (both public and private) were still forced by…

The administration is planning to support the export of domestically produced dates, Mahmud Hojjati, the minister of agricultural Jihad said in Bushehr on Wednesday. About one million tons of…

Iranians chew 5 trillion rials ($147 million at market exchange rate) worth of gum every year, 83 percent of which is imported. This makes Iran the world’s largest consumer of chewing gum, IRNA…

The southern port city of Bandar Lengeh earned 2.42 trillion rials ($89.6 million at official exchange rate) in the first nine months of the current Iranian calendar year (March 21-Decenber 21),…

Iran International Feed Expo 2015 opens in Tehran Thursday, ministry of agricultural Jihad reported. According to IRNA, domestic and foreign unions, cooperatives, and producers of livestock,…

Customers are apparently more satisfied with services offered by car importers and those in the assembly business compared to major automakers, a recent report by the Iran Standard and Quality…

Close to 57 grades of various polymers from local petrochemical complexes were offered on the oil and petrochemical trading floor of Iran Mercantile Exchange on Tuesday, IME’s public relations and…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the Mouteh Gold Complex produced 216 kilograms of gold during the first 9 months of the current…

The deputy head of Geological Survey of Iran (GSI) in mineral affairs says inappropriate extraction of coal by the private sector negatively affect the mining industry, reported Eghtesadnews on…

The Iranian Mining Engineering Organization held a one-day international conference on processing minerals, underground mining, and tunnels on Tuesday, which was attended by experts from Germany,…

The head of the Parliamentary Committee on Mines, Dariush Esmaeili has called for the removal of tax exemption on export of raw minerals in a bid to boost domestic production.

“The…

All indices settled in red once again, and pushed the Tehran Stock Exchange (TSE)’s benchmark to notch down by 0.11 percent in a seesaw session at Tuesday’s close, after the Monday’s rally snapped…

The capital of the chamber of commerce, industries, mines, and agriculture’s Mining Fund is expected to reach 2 trillion rials from the current 680 billion rials, Tasnim news agency quoted the…

CEOs of eight commercial banks have been fired for violating central bank’s interest rate directives, said Valiollah Seif, the Central Bank of Iran governor, confirming earlier remarks made by his…

The deputy governor of the Central Bank of Iran (CBI) has predicted that the greenback will weaken versus the rial.

“The central bank wants exchange rates to be guided logically and towards…

Parliamentarians have offered a new mechanism through which commercial banks and credit institutions would be able to recover their rising non-performing loans (NPLs).

A former official with the Central Bank of Iran argues that commercial banks were forced during the previous administration to invest in non-profitable projects and are now more cautious with…

Parliament’s budget and planning committee has supported the government saying that it did not withdraw $4.1 billion from the sovereign wealth fund as claimed by a report earlier.

Financial Tribune recently covered the prospect of zero import tariffs on electric and hybrid cars to Iran. In our assessments of this burgeoning industry we noted that in theory it would be…

Mellat Bank has been the only bank to effectively reduce its non-performing loans (NPL) during the past year, CEO of Tarh Andisheh Behsaz Mellat Co. Naser Tahbaz announced. The company which…