A US-based company has been fined $82,260 by the US’ Office of Foreign Assets Control for violating sanctions imposed on Iran.
In the latest OFAC release, Massachusetts-based Blue Robin,…
Economy
Farhad Nili, president of the Monetary and Banking Research Institute, has been appointed as the representative of the Central Bank of Iran to World Bank.
CBI's Governor Valiollah Seif…
The Central Bank of Iran urged all credit institutions and commercial banks in a new decree to allocate at least a quarter of their total resources to the agricultural sector, natural resources…
The government reiterated its vow to keep rial's value stable and prevent currency shocks to the Iranian economy recovering from deep recession.
"Henceforth foreign exchange volatility will…
All the tough talk and bluster which was considered to be the signature approach of the Central Bank of Iran under Valiollah Seif toward unlicensed financial institutions, now seems to be on its…
Iran has expressed interest to channel millions of dollars to Zimbabwean banks as lines of credit depending on the individual financial institution’s creditworthiness.
Abdolnasser Hemmati, head of the Coordination Council of Banks, said on Saturday that deposit rates, which decreased in April, will remain unchanged until authorities prepare for a second review…
Livestock smuggling to Turkey has increased following the rise in foreign exchange rates and the recent liberalization of meat exports, said the director general of the Central Union of Animal…
The first quarter of the current Iranian year (started March 21) saw the exports of 600 tons of honey worth more than $3 million to 16 countries, ISNA reported. The UAE and Turkey were the main…
More than 27 million tons of cargo (including both oil and non-oil products) were handled in the ports of Hormozgan Province during the first four months of the current Iranian year (March 21-July…
Qatar Airways has launched a business class in Boeing 777 flights from Doha to Tehran.
For the first time in 10 years, Tehran and Kiev are set to hold talks on economic cooperation at the level of an intergovernmental commission, said head of Ukraine’s Ministry of Energy and Coal…
Britain’s biggest trading rivals in Europe have wasted little time in gaining a head start in the race to win billions of pounds worth of business in Iran.
With the ink barely dry on…
Sari Gunay Gold Mine in the city of Qorveh in Kurdestan Province will be operational in two to three months, according to the Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh.…
The nuclear deal between Iran and six world powers—the US, Britain, France, Russia, China and Germany—will help revive the traditional market of carpet and turn around its exports, says the…
Saturday trade at Iran Mercantile Exchange recorded the offering of 157,000 tons of commodities on both local and export trading floors.
Interests in Iran’s capital market have been growing following the nuclear milestone reached between Iran and P5+1 in Vienna which will lift economic sanctions against Iran in exchange for…
Tehran Stock Exchange had a seesaw trading on Saturday, with the overall index edging up 49 points or 0.07% to settle at 66,829.7 at the day’s close.
Energy demand is expected to increase considerably in the coming years, particularly in developing countries as a result of population growth, economic development and rapid urbanization. This…
Japanese automaker Honda is seeing a 20% jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive airbag recall. Honda Motor Co. reported on Friday…
The Iranian automotive market is set for a major boost, as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be business-ready…
Total money supply continued its expansion in the first quarter of the current Iranian year—starting 21 March, 2015—as the central bank's expansive monetary policy continued.
Iran's total…
When the Money and Credit Council, the highest policymaking body of the central bank, agreed in May to almost double the mortgage loan offered to first-time buyers in Tehran, the initiative was…
Iran’s insurance industry would access $20 million of its frozen assets and resume ties with European insurers once sanctions are lifted following the recent nuclear agreement between Iran and the…
Bank Saderat outperformed 19 banks in terms of providing young couples with marriage loans over the last Iranian year (ended March 20, 2015). Granting 22% of total marriage loans, Saderat…
