Economy

Cooperatives will be granted 100% waiver on penalties provided they pay their taxes by the end of the current Iranian year (March 20, 2017), the head of Iran’s National Tax Administration, Kamel…

Iran’s gross domestic product grew 7.4% during the first half of the current Iranian year (started March 20) compared with the corresponding period of last year, the Central Bank of Iran said in…

The banking sector lent 3.26 quadrillion rials ($82.7 billion) to 5.3 million applicants during the eight months ending Nov. 20, marking a 48.4% growth compared with the same period of last year,…

The Export Development Bank of Iran has rekindled its dealings with 90 international banks after the country reached a nuclear accord with world powers last year, announced the bank’s chief…

With the impending implementation of the plan to switch the Iranian monetary unit from rial to toman, the Central Bank of Iran may issue banknotes with higher denominations, the chief executive of…

The US dollar broke the 40,000-rial threshold in Tehran's market on Wednesday, recording an all-time high for the currency.

While the American currency had begun to rally in November, the…

Esfahan Steel Company has started the production of pure liquid argon, announced ESCO’s head of Energy Management Department, Hassan Khazaei, on Tuesday. According to Khazaei, the production of a…

Stocks continued their moribund trading in Tehran's two equity markets during the Iranian calendar month of Azar (ended Dec. 20), while the rial hit historic lows and moved to money markets…

The International Financial Reporting Standards Foundation has published a new profile on the use of IFRS standards in Iran.

Tehran Stock Exchange’s main index inched up 127.30 points or 0.16% to end Wednesday trade at 80,250.

More than 753 million shares valued at $25.6 million changed hands for the day.

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Negin Khodro has announced the price for the new Renault Koleos large SUV in the local market at 2 billion rials ($50,000), according to Asre Khodro. The updated Koleos model, which replaces the…

Geely’s Volvo cars said it had raised 5 billion Swedish crowns ($532 million) in a step toward a listing of the company.

A group of Swedish institutional investors had bought newly-issued…

The seventh Kerman Auto Show will be held from December 27-30 in the southeastern province with the same name.

The four-day event will be held at Kerman International Fairground, carnet.ir…

The US dollar on Tuesday was exchanged for 39,700 rials in Tehran's market, coming closest to the 40,000 rials in recent history, according to the Association of Bureaux de Change Operators…

Iran exported 1,700 tons of non-oil goods valued at $7.7 million to Austria during the eight months to November 20, which indicates a 12% decline in value compared to last year’s corresponding…

The government’s tax revenues have grown by 25% in the first eight months of the current Iranian year (started March 20) compared with last year’s corresponding period, the head of National Tax…

The 13th International Exhibition of Advertising, Marketing and Related Industries will be held at Tehran’s International Exhibition Center on January 4-7.

The new members of Iranian National Committee of the International Chamber of Commerce were elected on Tuesday.

Iran's Ports and Maritime Organization signed 60 contracts worth 36 trillion rials (about $923 million at market exchange rate) with private sector companies on Monday.

Bank Melli Iran’s subsidiary in UK, Melli Bank Plc., has recently connected to Target 2, the European interbank payment network, said director of BMI’s Department for International and…

The International Monetary Fund, in its latest assessment of Iran’s economy, has forecast a decent growth rate for the country both for 2016 and 2017.

The report was released on Monday as…

The current rate of the US dollar in the Iranian market varies greatly from the rate predicted in the annual budget and the discrepancy must be managed by the government, says the head of Majlis…

Indian exporters have written to the Reserve Bank of India to expedite clearances for Iranian banks that have applied to open branches in India.

Tehran Stock Exchange’s main index lost 290.40 points or 0.36% to end Tuesday trade at 80,122.7.

More than 1.2 billion shares valued at $52.5 million changed hands for the day.

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Iran Mercantile Exchange is scheduled to feature wheat exports for the first time next week. Over 14 million tons of wheat were produced during the eight months to November 20, more than 11.5…