The minister of economic affairs and finance on Saturday emphasized the “sensitive role” banks have played in the country’s dealings with foreign nations, saying that despite structural problems…
Economy
The Money and Credit Council gave the Central Bank of Iran the permission to issue 100 trillion rials ($3.4 billion at the official exchange rate) of sukuk or Islamic bonds in a bid to keep a lid…
The Central Bank of Iran released the latest statistics on monetary indices based on data gathered between March 21, 2014 and February 20, 2015, Akhbar Bank reported. Private banks and credit…
The market is awash with adulterated honey, some even produced without any bees involved, said the CEO of the National Union of Beekeepers in an interview with ISNA, blaming the relaxation of…
Iranian fruit exporters have the option to sue Emirati officials over recent rejection of their watermelon shipments amid false contamination claims, head of Iran’s Plant Protection Organization,…
Iran has exported around $4.2 billion worth of Halal food products over the past few years despite the economic sanctions [imposed by the West over Iran’s nuclear energy program], said the Iranian…
Non-oil goods worth more than $1.1 billion were exported by the cooperative sector during the past Iranian year (ended March 20), deputy minister of cooperatives, labor and social welfare, Hamid…
The Road Maintenance and Transportation Organization's (RMTO) budget for the current Iranian year (started March 21) has increased by 30% to 37 trillion rials ($1.12 billion at market exchange…
Iran is determined to reach a preferential trade agreement (PTA) with Indonesia, head of Trade Promotion Organization (TPO), Valiollah Afkhamirad, said on Saturday, addressing a meeting with an…
The government has tacitly given the greenlight to the private sector to forge trade ties with the US, announced head of Iran chamber of commerce, industries, mines and agriculture, Gholamhossein…
The stocks rout at the Tehran Stock Exchange is triggering alarm, as leading listed companies keep weighing on indices, and drag down the benchmark to stretch losses it has been piling up since…
The Islamic Parliament Research Center has conducted an investigation into the setbacks the country’s coal sector suffers from, the most important of which is traditional extraction techniques and…
Sunday trade at the Iran Mercantile Exchange saw close to 369,000 tons of commodities in the spot market, offered by local suppliers, IME public relations reported.
The Iran Fara Bourse main index (IFX) slipped 4.71 points or 0.66 percent amid bearish sentiment at the equity market, to end at 712.05, IFB public relations reported.
Close to 267,970…
Price to earnings (P/E) ratios are not likely to fall any further this year, said Saeed Shirzadi, capital manager of the Civic Pension Fund Investment Company – the investment arm of one of Iran’s…
The Central Bank of Iran (CBI) published a report on the latest developments of the housing market in the capital Tehran in the first Iranian month of Farvardin (ended April 20). According to the…
The largest gathering of Iranian, American, European and Asian tech investors and professionals is to take place soon in Berlin, Germany.
The CWTS Leiden Ranking 2015 has listed 13 Iranian universities among 750 top ranking universities in the world.
According to deputy of Islamic World Science Citation Center Ali…
Iranian researchers at the University of Science and Technology have built a robot which can inspect and maintain gas pipelines, ISNA reported on Saturday. The researchers have designed the robot…
Tose’e Insurance Company, the firm that caused uproar last year for infringing the rights of its customers, is still recognized by the website of the Central Insurance of Iran -- the main…
The maximum wage for CEOs and board members of state-owned banks has been approved by the parliament, putting restrictions on the notoriously high salaries of bankers.
Mohammad Reza…
A n economist has criticized the Money and Credit Council for “being dependent on the government” and “lack of technical expertise” among its members, Banking and Insurance News Agency (BINA)…
Contrary to liberal experts hailing the Money and Credit Council’s new move to raise mortgage ceilings, two parliamentarians cast doubt whether the decision could have a positive impact on the…
The banking sector is expected to benefit from a lifting or even easing of sanctions imposed on Iran in recent years over its nuclear energy program, a report says, predicting that lending growth…
The World Steel Association, known as Worldsteel, announced that Iran produced more than 5.36 million metric tons of crude steel in the first four months of 2015, indicating a 3.5% growth compared…
