Economy

The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.…

The Coordination Council of Public-Sector Banks announced on Sunday it will waive late payment penalties for those who repay their loans by the end of the Iranian year on March 20.

The first deputy speaker of the Majlis called for better and more developed interactions between the parliament and the Central Bank of Iran, considering the importance of the bank’s operations…

The Central Bank of Iran has devised 54 projects and platforms as part of its 2021 Roadmap that outlines an innovative, flexible and strong future for the banking system, announced the bank’s…

The shock passing of Ayatollah Akbar Hashemi Rafsanjani on Monday prompted an outpouring of condolences from Iranian and foreign dignitaries who mused not just on the distinguished political…

Ayatollah Akbar Hashemi Rafsanjani’s economic beliefs were based on national development and prosperity, rather than liberalization and free-market economy, said the minister of roads and urban…

Close to 33,000 tons of agricultural products cultivated in greenhouses have been exported from the south of Kerman Province since the beginning of the current crop year (Sept. 22), said the head…

More than 500,000 tons of copper were transported via railroads of southern Hormozgan Province since the beginning of the current Iranian year (March 20, 2016), which shows a twofold increase…

Railroads of central Yazd Province account for 30% of Iran’s rail freight transport, the minister of roads and urban development said. Abbas Akhoundi added that the government is planning to…

Khorasan Razavi attracted $261 million worth of foreign investments in the past month, said the director general of the northeastern Iranian province’s Economic Affairs and Finance Organization. “…

More than 57.8 million tons of oil and non-oil products were loaded and unloaded at Shahid Rajaei Port, Iran’s largest port located in the southern Hormozgan Province, during the nine months to…

The Iranian Parliament approved on Monday macroeconomic targets set in the sixth five-year development plan (2016-21).

Out of the 210 parliamentarians present in the session, 148 MPs voted…

Close to 400 million tons were added to Iran’s proven reserves of iron ore over the past one year, following the discovery of new deposits in the east of the country, said the head of Iranian…

Iran’s import of steel products during the nine months to December 20 declined by 24% to stand at 2.3 million tons.

This is while crude steel imports stood at 179,000 tons, registering a…

Tehran Stock Exchange’s main index shed 223.89 points or 0.28% to end Monday trade at 78,609.50.

About 857 million shares valued at $49.1 million changed hands for the day.

Iran…

The deadline for submission to the Mustafa (PBUH) Prize Secretariat was December 31, and new works will not be accepted, according to the Mustafa Science and Technology Foundation (MSTF).

Nearly 90% of iPhones sold in the market in Iran are smuggled into the country, according to the head of Iran's Telecoms Equipment Union.

Only 8% of the iPhones on the market are imported…

China’s Alibaba Group is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd in a move to digitize bricks-and-mortar department stores while growth in online sales begins to slow.…

The Central Bank of Iran is obligated to allocate interest-free loans to socially vulnerable people covered by two main charity organizations, announced the head of Majlis Joint Committee for the…

The Iranian banking sector’s ratio of non-performing loans stood at 11% by September 20, down from 13.6% in September 20, 2014, the Central Bank of Iran’s governor announced.

Iran’s National Tax Administration has issued a new directive to the banking system, devising a ceiling for loans and a slew of other banking services for taxing individuals and businesses.

Based on guidelines approved by the Money and Credit Council, Iranian banks have been obligated to allocate at least 11.6% of their loans to the agriculture sector.

Iran’s green banks will be introduced during the First Conference on Green Banking in mid-February, the head of the Department of Environment announced on Sunday.“We have been holding talks with…

Iran Air has taken the delivery of an Airbus A321, which will be the first jetliner to be delivered to Iran from among 100 planes the French planemaker has agreed to supply after the lifting of…

A notice of discontinuance of cash subsidies will be sent to three million Iranians by text message, says Minister of Cooperatives, Labor and Social Welfare Ali Rabiei.

He added that they…