Iranian lawmakers passed a bill during their Wednesday public session based on which the Iran Mercantile Exchange (IME) would be the reference for setting petrochemical prices, reported ISNA on…
Economy
More than 3,500 megawatts of electricity was traded at the Iran Energy Exchange (IEX) on Monday, the Ministry of Energy’s news agency reported. The minimum price per megawatt recorded at the IEX…
Initial Public Offerings (IPO) of 8 companies will be launched at the Iran Fara Bourse or over-the-counter (OTC) on January 3, 2015, SENA reported. The upcoming creation units will be transferred…
The office for economic studies of the Parliament Research Center has conducted a study to find ways to improve Iran’s rank in the annual reports published by the World Bank known as the “Doing…
The International Organization for Standardization (ISO) has awarded two quality management certificates to Bank Refah Kargaran.
After assessing 28 branches of Refah Bank, the international…
Deputy economy minister Mohammad Parizi unveiled the government’s main plans for revising the banking system during a specialized meeting held last Thursday to assess the performance of Tejarat…
The Azadi gold coin hit an eight-month high as stocks plummeted on the anticipation of further rises in gold prices in the last working week of 2014 and an increase in safe haven demand due to…
First Vice President Es’haq Jahangiri will meet on Tuesday with the CEOs of public and private banks as well as with the managers of credit and financial institutions, MNA reported on Sunday.…
About 50% of the annual handling capacity of the country’s airports remains untapped, Mohammad Ali Ilkhani, Iran Airports Company Mohammad Ali Ilkhani said on Sunday.
A top official says 116 plans and 600 infrastructural projects are under way in the transportation sector.
A delegation of eight Armenian ministers accompanied by their deputies was set to arrive in Tehran on Monday morning to attend the 12th meeting of Iran-Armenia joint commission with the aim of…
Minister of Agricultural Jihad Mahmood Hojati on Sunday morning left Tehran to attend the 13th prime ministers’ meeting of the Shanghai Cooperation Organization (SCO) in…
Trade diplomacy is key to dynamic presence in global markets and could lead to reduction of costs. Many experts believe that this is an area where Iran still lags far behind. Instead, they say,…
Monetary discipline enforced by the government in the wake of recent volatilities in the market has brought tranquility and stability into the market, according to President Hassan Rouhani’s Chief…
Iran has the capacity to increase its non-oil exports to $70 billion by the end of the current year (ending March 20, 2015), Asadollah Asgaroladi, head of Tehran’s chamber of commerce,…
Iran has agreed not to seal fuel tanks of Turkish trucks crossing the Iranian border anymore. Iran has also agreed to let Turkish trucks cross the border by only paying regular tolls, Behzad…
The National Iranian South Oilfields Company has finalized a tripartite contract with a steel company and an oil pipeline company to build 280 kilometers of pipelines, IRNA quoted an NISOC…
One of Iran’s major carmakers says it has held serious negotiations with a German economic delegation, which is also a member of the German Near and Middle East Association (NUMOV), with the aim…
Sunday’s trade included various commodities from 30 Iranian and foreign suppliers on the spot market at the Iran Mercantile Exchange (IME) for potential customers, the IME’s public relations and…
Tehran Stock Exchange continues to go through its fresh bearish trend amid the oil price freefall. Yet again, investors' overreaction drastically dragged down the benchmark at Sunday's close.
The Food and Agriculture Organization of the United Nations (FAO) announced that Iran’s total grain production within the current crop year (ended October 23), have recorded a 900,000-ton decrease…
A private consortium has won the tender to exploit the 5th phase of Golgohar mine in Kerman Province. The tender was launched aimed at developing mines across the country by making best use of the…
The US Department of Justice is tightening the screws on banks that knowingly or unknowingly circumvent US and international sanctions against Iran and several other countries. The settlements,…
The representative for the towns of Khalkhal and Kowsar in the parliament, Jalil Jaafari, has said that a special economic zone will be set up in the northern Ardebil Province.
The deputy governor for banking supervision at the Central Bank of Iran criticized recent attacks against the involvement of banks in non-banking activities, saying that the criticism has…
