Economy

The government has started examining the budget proposal for the next fiscal year (starting March 21, 2015), vice-president for planning and strategic supervision announced on Wednesday.

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The greenback pushed higher against the yen on Wednesday, while the euro and sterling resisted further decline, as low levels spurred more buying. Gold kept on falling as it tested new lows going…

The Securities and Exchange Organization has issued an establishment license for the 136th mutual fund in the country.

The new “Hami” closed-end mutual fund has been successfully…

Eight commercial banks, unscathed from international sanctions against Iran’s banking system, are ready to cooperate with Qatari banks to ease money transfer between the two countries.

In a…

The ministry of economic affairs and finance has reiterated its plans to reform commercial banks’ structures and statutes to help them make their activities profitable.  

The plans…

Unauthorized financial institutions are under attack by the Central Bank of Iran as it tries to pressure them to comply, though the scope of the situation remains unclear.

The Central Bank…

The ministry of economic affairs and finance has prepared a draft Justice Shares reform bill which will be sent to the parliament after the cabinet confirms it in its weekly session, an official…

Close to 50,000 tons of granulated iron ore from Mishdavan mineral complex, with the base value of $25 per ton, has been offered at the export trading floor of Iran Mercantile Exchange (IME), SENA…

Fara Bourse recorded trading of more than 366,630,000 shares worth 1,514 billion rials on Wednesday. These numbers pushed up the market's main index IFX by 4.9 percent.

Nilou Tile Company and Damavand Mineral Company were back on the main board of Tehran Stock Exchange on Wednesday. Following an annual general meeting, Nilou Tile announced that it would not pay…

Saipa CEO Saeed Madani sent a letter on Wednesday to the Securities and Exchange Organization elaborating on the company's plan to offer some of its subsidiary firms on the equity market.…

The government has decided to build new steel plants near the Persian Gulf and Oman Sea with a total capacity of 10 million tons a year, a deputy minister of industry, mine, and trade said…

Stocks at the Tehran Stock Exchange switched between small gains and losses on Wednesday, finishing a seesaw trading day, going flat after two straight upward trend sessions.

The US dollar rose to a six year high against the yen, while gold held near a three month low, after disappointing US jobs data gave rise to speculation that the Federal Reserve will increase…

Deputy oil minister has stressed the need to merge oil ministry with the energy ministry (responsible for the regulation and implementation of policies applicable to electricity, water and…

The government's debt to GDP ratio was the sixth lowest in the world in 2013, according to the most recent report by the World Economic Forum. Iran has now edged up 3 places compared to the…

The Cooperative Development Bank (Tose'e Ta'avon Bank) has granted 6 trillion rials loan facilities during five months since the beginning of this Iranian year (starting March 21, 2014).

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Tehran Stock Exchange closed at 72,121 points last week, down 2 percent from the opening day of the week (Saturday, 73,312 points). 

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Iran Mercantile Exchange trading floor has been inaugurated in Anzali Free Industrial Zone. The floor is to turn to a reference pricing platform for basic goods imported from CIS and the…

After last week's rout, Tehran Stock Exchange started a new week on Saturday with major market index dropping to a new low since July 3, 2014.

TSE traders seem to be wondering whether…

The Central bank of Iran continues its trend to devalue the rial's official exchange rate while it seeks to strengthen its market rate. CBI's target is to return the country's exchange rate regime…

A deputy governor of the Central Bank of Iran said six banks that defied the regulations of Money and Credit Council have been fined so far, one of which has been made to pay 800 billion rials ($…

The Securities and Exchange Organization has approved applications for setting up 14 new market making funds. 

Market makers are broker-dealer firms that accept the risk of holding a…

The Money and Credit Council, working under the supervision of the Central Bank of Iran, plans to assign private banks to grant interest-free marriage loans to young couples. 

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The controversial housing project known as Maskan-e Mehr or Mehr Housing Program suffers from poor urban infrastructure, utilities and services, according to the deputy minister of roads and urban…