Economy

The new CEO of Tejarat Bank has announced that the privatized bank’s new policies are aimed at improving its financial statements.

“Offering new and high quality foreign exchange…

In the wake of an Iranian oil tanker's collision in East China Sea, Iranian insurers are to compensate 30% of the costs while the rest would be covered by a Norwegian firm, the president of the…

The government earned more than 4.72 trillion rials (over $109 million) in mining royalties–a percentage of miner’s sales profit–during the first seven months of the current Iranian year (March…

A total of 3,321 new jobs were created in Iran’s mining sector during the seven months to Oct. 22, 2017, indicating a 158% rise compared with the corresponding period of the previous year, data…

Major Iranian steelmakers exported 5.11 million tons of semi-finished and finished steel products during the first nine months of the current fiscal year (March 21-Dec. 21), registering a 26%…

The Central Securities Depository of Iran issued 200 trading codes for foreign investors in 2017, the deputy head of CSDI, Fariba Akhavan, announced.

Iran Combine Manufacturing Company has exported about half a million dollars worth of agricultural machinery since the beginning of the current Iranian year (started March 21, 2017), the company…

Tehran Stock Exchange’s main index added 15.80 points or 0.02% to end Monday trade at 77,590.5.

As many as 550 million shares valued at $35.4 million changed hands for the day.

Iran…

The government is planning to commission Khouzestan Steel Company to produce rails, a member of Majlis Development Commission, Eghbal Mohammadian.

Khouzestan Steel Company is the biggest…

Iran will have reduced its cigarette imports from four billion to two billion before the end of the current Iranian year (March 20, 2018).

A total of 2.673 million tons of different kinds of meat were produced in Iran in 2017, registering a 0.8% increase compared with the year before.

The production of olive oil is estimated to reach 3,000-3,500 tons in Iran by the end of the current fiscal year (March 20), registering a 33% decline compared with last year’s, the head of the…

Egg prices decreased by 14.3% and reached 126,000-180,000 rials ($2.8-4.1 based on Monday’s exchange rates) during the week to January 5 compared with the previous week, the Central Bank of Iran…

Iran’s non-oil trade deficit stood at $5.93 billion for the first nine months of the current fiscal year (started March 21, 2017), while last year’s similar period saw a trade surplus of $658…

A delegation from the Ministry of Agriculture is due to visit India on Jan. 16 to hold talks with Indian officials for lowering tariffs on Iranian agricultural products, the chairman of the…

The second largest local carmaker SAIPA has refitted its sedan model Saina as an electric vehicle and unveiled in on Sunday.  According to company officials, the car costs twice the price…

The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income…

Banks need to work closely with financial technology firms, which would foster job growth, the head of the Association of Public-Sector Banks and CEO of Bank Melli Iran said. Mohammad Reza…

The entry of new banks in the housing sector–formerly monopolized by Bank Maskan–will foster competition and lower mortgage rates, a member of Majlis Development Commission said.

“It is…

In line with the government’s measures for boosting transparency and fighting corruption, Minister of Economic Affairs and Finance Masoud Karbasian has obligated all the ministry’s agencies –…

Iran Aseman Airlines' contract with Boeing to purchase 30+30 B737 Max jets has experienced no hurdle so far, the managing director of Atiyeh Saba Investment Company, affiliated with Iran’s Civil…

Tehran will host a conference on development of Makran, a stretch of coast southeast of Iran emerging as a major naval base and commercial hub of maritime trade, the Iranian defense minister…

Deputy Minister of Roads and Urban Development Hamed Mazaherian said an investment of 1,230 trillion rials ($28.6 billion) is needed to renew old urban areas across the country. Noting that as…

The Majlis Joint Commission has set the ceiling for revenues from the Subsidy Reform Plan at 370 trillion rials ($8.6 billion) for the next fiscal year (March 2018-19), out of which 230 trillion…

The research arm of the parliament has forecasted a 4.1% economic growth for the current fiscal year (March 2017-18) compared with last year’s 12.5%. Majlis Research Center expects the…