Economy

Iran is collaborating with Switzerland for the construction of a dry port on the outskirts of Tehran.

Saudi Arabian stocks declined the most in the Persian Gulf as the country’s equities traded for the first time in a week, tracking a selloff across developing nations as investors weigh the…

British banks are in talks with the US agency that is charged with planning and execution of economic and trade sanctions in order to facilitate the reestablishment of links with their Iranian…

Leasing companies have called on the Central Bank of Iran to stop setting fixed rates for lease contracts, claiming that the rate caps have been causing them considerable losses.

Hadi Moqei…

Premium earned last year by the insurance industry rose 14%, a trend that persisted through the first five months of the current fiscal that started in March, and climbed further to reach 20%,…

Bank Sepah is prepared to finance 1,200 housing units in distressed urban areas. The lender will provide 1,000 applicants with loans for reconstruction of their old home, and 200 applicants with…

Russian tariffs have increased the price of Iran’s citrus exports by 20%, intensifying the competition in the neighboring country’s lucrative market, says the head of Mazandaran Chamber of…

There are more than 77,000 incomplete development projects across the country, the completion of which requires 4-5 quadrillion rials ($112-140 billion at market exchange rates).

Fourteen cooperatives will soon be listed on the Iran Fara Bourse over-the-counter market, an official with the Ministry of Cooperatives, Labor and Social Welfare said.

Alireza Nateqi added…

Iran has been told that the United States will issue export licenses within weeks to facilitate the purchase of Boeing and Airbus jets and European ATR turboprop planes, a senior Iranian official…

The Iranian government believes productivity gains will help meet 2.8% of its 8% annual growth target, the head of the National Productivity Organization of Iran said.

Roya Tabatabaei added…

Tehran Municipality unveiled on Sunday 58 new subway cars built by Tehran Wagon Manufacturing Company. “The manufacture of the wagons cost 2 trillion rials (more than $56 million at market…

The constructions of two iron ore pellet-making plants in Sangan mineral zone with a total production capacity of 10 million tons per year are scheduled to be completed by the end of the current…

Automakers, banks and holdings were the three top trading groups last week on Tehran Stock Exchange, constituting 56% of all transactions.

The traditionally volatile group of automakers and…

Iran Mercantile Exchange witnessed the trading of more than $8.5 billion worth of commodities in the first half of the current Iranian year (started March 20), IME Managing Director Hamed Soltani-…

Tehran Stock Exchange’s main index gained 61.80 points or 0.08% to end Sunday trade at 76,166.7.

More than 611 million shares valued at $97 million changed hands for the day.

Dr.…

Iranian steel mills produced over 7.5 million tons of crude steel during the first five months of the current Iranian year (started March 20), registering a 5.3% increase compared with last year’s…

Taxation will cover 44% of the government’s expenses this year, according to Iran National Tax Administration’s head of Direct Taxation Department.

“We predict tax revenues to reach 870…

An Iranian delegation headed by Iran’s Minister of Communications and Information Technology Mahmoud Vaezi visited Stockholm this week.

Vaezi and representatives of several ICT companies…

As Iran’s webscape continues to expand in different directions, a unique online service has popped up. Called Gandoom.com (meaning wheat in Persian), the new service does exactly what it sounds…

The Iran Aviation Finance Summit organized by the Center for Asia-Pacific Aviation opens at Tehran’s Imam Khomeini International Airport today.

Iranian officials, alongside 150 officials…

The Banking Reform Bill calls, among other things, for creating a supreme board for monitoring the performance of banks, said the director of Association of Banking and Credit Investment…

Negative scores in the record of auto policyholders shall be included in determining auto insurance rates, head of the Central Insurance company of Iran announced this week.

A recent report by the Central Bank of Iran indicates a 9.3% drop in the average lending rates in the interbank market during the previous fiscal year (ended in March). According to the CBI, the…

Banks have no plans to lower interest rates and are lobbying with the regulator to keep the rates steady for now, said the head of the Association of Private Banks on Saturday.