The Financial Tribune has conducted a field research on premium services offered by commercial banks in Tehran. It has found that not all the banks offer premium services and that some services…
Economy
Economy
The Central Bank of Iran is mounting a three-pronged attack to curb corruption, says the bank’s governor Valiollah Seif. The bank is working to change structures, methods and technology to counter…
Economy
The administration plans to raise the lending power of commercial banks by $20 billion dollars. Five billion dollars from Iran’s Oil Stabilization Fund will be used to increase the capital of…
Economy
The government has decided to continue the previous administration’s cash subsidy scheme for the next year, starting March 2015, said Mohammad Baqer Nobakht, the vice president for strategic…
Economy
The Iranian industrial and mining sector is awaiting foreign investors with $9 billion of investment opportunities, the deputy of industry, mine, and trade said in the 18th Middle East Iron and…
Economy
Some 24 trillion rials (about $892 million at official exchange rate) of investments are annually required to mechanize the agriculture sector, including horticulture, livestock, and poultry and…
Economy
Germany’s economic activity is growing at a rapid pace. A flurry of recent news indicates to what extent Germany is back in business.
Economy
President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian on Monday denounced administrative and financial corruption as a destructive element hampering business competiveness in the country…
Economy
Iran and Pakistan can make a joint investment to launch a special economic zone that can be used by both sides, Ali Tayebnia, Iranian minister of economic affairs and finance, said in a meeting…
Economy
A delegation of Turkish customs officials left Tehran on Sunday morning after they failed to reach a deal with the Iranian side to resolve a months-long dispute over the transit fees Iran has…
Economy
The government, on Sunday, submitted a detailed bill to the parliament for ratification based on which the feedstock for the industrial units, power plants, refineries, and petrochemical…
Economy
Based on market demand, close to 183,000 tons of steel sections, polymers, bitumen, vacuum bottom, lube-cut oil, granulated sulfur, copper, wheat, and corn were up for grabs at the Iran Mercantile…
Economy
The major global players in the wire industry will gather in Tehran to attend the second international exhibition on wire, cable, rod, and tube industries, known as Iran Wire 2014, IRNA reported…
Economy
All indices contributed to help TEDPIX get back on track at Monday’s close, persuading risk-averse investors to garner devaluated shares, instead of lining up to get rid of them.
Economy
The shortage of iron ore will cause a serious crisis for the steel sector in the future if the Balance Plan for steel continues to be ignored, said Mehdi Karbasian, the managing director of…
Economy
A new iron ore concentrate production unit named Saba Nour Company (SNC), with nearly 600,000 tons of annual capacity, will be launched in the western province of Hamedan within the next few days…
Economy
Close to 180,000 tons of clinker of Firuzkouh Cement Company (FIKCC) has been exported to Russia and the members of the Commonwealth of Independent States (CIS) since April 21, IRNA quoted the…
Economy
The head of Iran’s Chamber of Commerce, Industries and Mines has said the rise in the number of foreign business groups visiting the country is indicative of great investment prospects.
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Economy
The director of provincial affairs for Iran Chamber of Commerce, Mozafar Alikhani said the setting up of specialized exhibitions as a tool for the development of exports is a priority for the…
Economy
The governor of the Central Bank of Iran revealed the details of a 120-trillion-rial ($4.4 billion) corruption case in the banking network, recently announced by Economy Minister Ali Tayebnia.…
Economy
An statistical report on the performance of Export Development Bank of Iran (EDBI) for the first seven months of the current Iranian year May 21- October 21, 2014) was released, revealing details…
Economy
Head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Gholam Hossein Shafei, called for expansion of trade with Germany, saying that trade turnover with Germany, currently…
Economy
In the budget proposed by the government, the customs revenues are predicted to reach 130 trillion rials ($4.8 billion at official exchange rate) within the next fiscal year, which will start…
Economy
The government needs to establish a national saffron development fund to help organize the saffron market, regulate the price fluctuations and further export the product, Farshid Manouchehri,…
Economy
Director of Iran’s Civil Aviation Organization, Ali Jahangiri, said on Sunday that only Iranian nationals are authorized to import aircraft. Iran recently lifted restrictions over the import of…
Economy
