Economy

The latest update of regulations concerning foreign currency deposits in banks has been released by the Central Bank of Iran, according to which banks are required to return the original amount…

A host of high-level officials of the Central Bank of Iran on Saturday met with a delegation from Oman led by its foreign minister to discuss ways of improving banking relations and linking the…

The Ministry of Industries, Mining and Trade issued 937 permits for mineral exploration during the 10 months to Jan. 20, registering a 53% rise compared with last year’s corresponding period.…

Some 24 million passengers have been transported via rail in Iran since the beginning of the current fiscal year on March 21, 2017, registering a 6.5% increase compared with the similar period…

Iranian steelmakers exported 7.41 million tons of their products in the first 11 months of the current fiscal year (March 21-Feb. 19), registering a 52.2% year-on-year growth, the Iranian Steel…

The second batch of the new Islamic debt security Manfa’ah sukuk valued at 20 trillion rials ($416.6 million) was offered on over-the-counter exchange Iran Fara Bourse on Saturday.

Iran’s largest steel exporter Khouzestan Steel Company has successfully bought majority shares in a major mineral holding, moving toward self-sufficiency in the steel production chain.

Tehran Stock Exchange’s main index gained 51.44 points or 0.05% to end Saturday trade at 95,577.3.

About 1.35 billion shares valued at $60.39 million changed hands at TSE for the day.…

Capital and intermediate goods accounted for 76% of Iran’s imports in the first 11 months of the current fiscal year (March 21, 2017-Feb. 19), an official with the Trade Promotion Organization…

Tehran is among the least expensive cities in the world to live in, according to the latest findings of the Worldwide Cost of Living Survey 2018 by The Economist Intelligence Unit. 

The recent avian flu outbreak infecting Iranian poultry farms has been contained and Iran Veterinary Organization has not received any new report of infection in the past two or three weeks.

A total of $851 million worth of commodities were exported from Iran’s free trade zones during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), indicating a 23% rise…

Iran’s public transportation fleet is ready to offer services during the Iranian New Year holidays (starting March 21 for a period of 13 days) with one million seats, said an official with the…

Customs offices across the country will be operating 24/7 during the Iranian New Year holidays known as Norouz (from March 21 to April 2), Iran Chamber of Commerce, Industries, Mines and…

More than 3 million tons of commodities have been loaded and unloaded in Iran’s northern Amirabad Port since the beginning of the current Iranian year on March 21, 2017, registering a 43%…

Trade between Iran and Luxembourg stood at close to €6.06 million in 2017, registering a 69% upsurge compared with 2016.  Iran’s trade with Luxembourg experienced the seventh highest year-…

Volkswagen has picked partners to provide battery cells and related technology worth around €20 billion ($25 billion) for its growing electric car program, adding further pressure on US pioneer…

To renovate police cars in Iran ahead of Norouz (Iranian New Year), when the police have a busy time monitoring the roads, Toyota's Land Cruisers 2018 have been added to Iran's law-enforcement…

On Thursday, which marked the last trading day in Iran’s markets, gold coin had a slight drop of 25,000 rials ($0.51) and fetched 16.33 million rials ($336), Banker.ir, an analytical news…

High-level executives with Bank Melli Iran and France’s Banque Delubac met on Wednesday in Tehran to discuss a potential restoration of relations that were cut off after Iran was slapped with…

The controversy surrounding the high number of Iranian bank branches is still raging with the dominant theme being the extension of lenders’ sphere of influence far wider. 

This,…

The Central Bank of Iran has released its latest report on loans allocated by lenders, which show that the services sector again attracted the highest share while a majority of loans were doled…

Aluminum Research Center of Iran is scheduled to hold the Fifth Iran International Aluminum Conference on April 24. IIAC 2018 will be held in partnership with Iranian Mines and Mining Industries…

Tehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment. 

All eyes are…

The Central Bank of Iran has allowed lenders to issue guarantees for Iranian businesses planning to invest in Oman or those who seek to take out loans from Omani banks, the head of Iran-Oman…