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June 15, 2025
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    USD at 7-Month High
    October 24,2016

    The dollar was stronger against its rival currencies on Monday, nearing a fresh seven-month high against the euro and a record high against the yuan, as investors continue to bet on higher US…

    News
  • World Economy
    Oman to Cover Deficit With Foreign Borrowing
    October 24,2016

    Oman’s government is covering between 60 and 70% of this year’s budget deficit via international borrowing such as eurobond issues, direct placements of debt and other instruments, the central…

    News
  • World Economy
    Safety of Europe’s Banks in Spotlight
    October 24,2016

    Given the parlous state of Europe’s economy, it’s hard to imagine that the investments of the region’s banks are among the safest in the world. Yet that is precisely what they would have…

    News
  • World Economy
    India Investment Gap Widens
    October 24,2016

    India’s celebrated position as the world’s fastest-growing large economy conceals a dangerous weakness: Too few people seem to want to invest in the country. Even going by the government’s growth…

    News
  • World Economy
    Lagarde Says Pakistan Out of Economic Crisis
    October 24,2016

    Christine Lagarde, Managing Director of International Monetary Fund on Monday congratulated Prime Minister Nawaz Sharif on successfully completing the IMF program, saying the completion reflected…

    News
  • World Economy
    Moody’s: Russia Banking System Stable
    October 24,2016

    The outlook from Moody’s rating agency for Russia’s banking system has been revised to stable from negative due to “emerging signs of the country’s economic recovery which will likely benefit its…

    News
  • Energy
    Russia Says Coop. With OPEC Intensifying
    October 24,2016

    A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are…

    News
  • Energy
    Oil Prices Under Pressure as Iraq Balks at Output Cut
    October 24,2016

    Oil prices fell on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output…

    News
  • Energy
    Minister Reiterates Support for Renewable Power
    October 24,2016

    Energy Minister Hamid Chitchian on Monday reiterated plans to build five photovoltaic power stations in the near future as part of declared national policy to boost electricity production from…

    News
  • Energy
    Iran in Broad-Based Talks With Western Oil, Petrochem Firms
    October 24,2016

    Companies are expanding talks with western officials on investment and cooperation in the petrochemical industry in line with long-haul plans to raise billions of dollars in foreign investment to…

    News
  • Energy
    Sanctions Relief to Cut Iran's Oilfield Development Costs
    October 24,2016

    The cost of developing the second phase of North Azadegan Oilfield in Khuzestan Province are expected to be reduced due to the removal of international sanctions in January, the executive director…

    News
  • Energy
    Tehran Encourages OPEC States to Join Freeze Plan
    October 24,2016

    A deputy oil minister said on Monday that Tehran was ready to encourage other OPEC members to join a plan to freeze output to bring stability to the volatile oil market.

    News
  • Energy
    Angola China's Biggest Oil Supplier in Sept.
    October 24,2016

    Angola became China's largest crude supplier for the second time in September, taking the top position from Russia, customs data showed on Monday. China imported 4.19 million tons of oil from the…

    News
  • Economy, Business And Markets
    TEDPIX Trending Upward
    October 24,2016

    Tehran Stock Exchange’s main index, TEDPIX, gained 198.50 points or 0.25% to end Monday trade at 78,568.8.

    More than 795 million shares valued at $55.6 million changed hands for the day.…

    News
  • Economy, Business And Markets
    TSE Firms Release H1 Trading Reports
    October 24,2016

    Half-year corporate earnings reports are coming out. Twenty-four companies listed on Tehran Stock Exchange and Iran Fara Bourse released their half-year financial statements on Monday, covering…

    News
  • Economy, Business And Markets
    Belgian Group Tours TSE
    October 24,2016

    A group of 35 Belgian businessmen visited the Tehran Stock Exchange on Sunday. The group toured the trading floor on Hafez Street and was briefed on Iran’s capital market structure, tools and…

    News
  • Economy, Business And Markets
    Gov’t Oversupplies Bonds
    October 24,2016

    The government sold only 41.4% of the bonds it offered in the first five months of the current Iranian year (started March 20).

    The IRNA report showed Iran’s small money market overflowed…

    News
  • Economy, Business And Markets
    Caviar Export Value Up 22%
    October 24,2016

    Close to 580 kilograms of caviar worth around $1.39 million were exported to 12 countries during the first half of the current Iranian year (started March 20), registering an 18.5% decline in…

    News
  • Economy, Business And Markets
    Iran Expedites International Transportation Plans
    October 24,2016

    Efforts to utilize Iran’s transportation capacities are gaining momentum, with multilateral meetings with Europe, Turkey and CIS states held in Tehran in recent days focusing on transit…

    News
  • Domestic Economy
    Q1 Jobs Growth at 3.4%
    October 24,2016

    The number of jobs grew by 3.4% in the first quarter of the current Iranian year (started March 20) compared with last year’s corresponding period, the director general of Accountancy Bureau of…

    News
  • Economy, Domestic Economy
    Iran-Russia Visa Waiver to Be Finalized Next Year
    October 24,2016

    Formal talks for visa-free travel between Iran and Russia will begin as early as next year, says Iran’s Ambassador to Russia Mehdi Sanaei.

    In a long post on his personal channel on the…

    News
  • Economy, Domestic Economy
    H1 Techno-Engineering Services Earn $100m
    October 24,2016

    Iranian companies undertook $100 million worth of technical and engineering projects in other countries during the first half of the current Iranian year (started March 20), according to the…

    News
  • Economy, Domestic Economy
    Tehran, Amsterdam Sign Marine Transport Deal
    October 24,2016

    Iranian Minister of Roads and Urban Development Abbas Akhoundi and Dutch Minister of Infrastructure and Environment Melanie Schultz van Haegen signed an agreement on marine transportation and…

    News
  • Economy, Domestic Economy
    56% of Domestic Flights Delayed Last Month
    October 24,2016

    A total of 6,021 flights were operated by 14 domestic airlines during the Iranian month ending on Sept. 21, out of which 3,388 or 56.2% were delayed, a report by Iran Civil Aviation Organization…

    News
  • Economy, Domestic Economy
    Tehran to Host IRANPLEX
    October 24,2016

    The 15th International Exhibition of Poultry, Livestock, Dairy and Related Industries, known as IRANPLEX 2016, is scheduled to be held at Tehran’s International Exhibition Center during October 27…

    News

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