Equities in Iran had one of their worst years in recent memory, will this continue? Haunted by political uncertainty and an economic recession, investors fled from stocks taking the index down…
Economy
Economy
Plans are underway to print 40 trillion rial ($1.4 billion) worth of sukuks or Islamic bonds, adding to the existing participatory bonds, later in the fiscal year which started March 21, a capital…
Economy
Central Bank Governor Valiollah Seif is set to travel to the United States to attend the spring summit jointly held by the International Monetary Fund and the World Bank Group. Accompanied…
Economy
The ministry of industry, mine, and trade has indefinitely extended the permission for exporters to export steel products, according to the Iranian Steel Producers Association (ISPA). “Exporting…
Economy
Mouteh gold complex in Isfahan Province produced more than 280 kilograms of gold in the Iranian calendar year 1393 (ended March 20), which indicates 18.6% output growth compared to the previous…
Economy
Close to 4,000 tons of durum wheat offered by various local suppliers and priced at 11,880 rials per kg, along with 4,785 tons of corn, and 3,065 tons of rice were put up on the board of Iran…
Economy
Stocks at the Tehran Stock Exchange (TSE) tumbled on short-term approaches of individual and institutional investors, and lingering uncertainties surrounding the preliminary nuclear deal between…
Economy
The possibility of a final nuclear deal between Iran and the P5+1 group (the five permanent members of the UN Security Council plus Germany), especially after the negotiators announced a '…
Economy
A Washington-based think tank has admitted that after the 2010 Stuxnet cyber attack, aimed at damaging Iran’s nuclear power plants, Tehran has become far more aware of any future digital threats…
Economy
Apple’s new smartwatch is believed to be selling out hours just after going on sale in the United Kingdom, with more than a quarter of the 38 style options already gone off the shelves and removed…
Economy
Iran’s internet users are being left out in the cold by Telecommunications Company of Iran, according to the head of the oldest private internet company, Shatel, ICT news agency reported on…
Economy
China’s rising mobile phone star Xiaomi today set a new world record for mobile phone sales, selling 2.11 million new handsets in a 12-hour flash sale held as part of its fifth year…
Economy
Based on a recent strategy sketched out by Iran Central Chamber of Cooperatives (ICC) all the inactive cooperatives will be revived within three years, head of ICC Bahman Abdollahi said on Sunday…
Economy
Close to $1.16 billion worth of non-oil products were exported via the customs offices of the southeastern Kerman Province during the past Iranian calendar year (ended March 20), recording a…
Economy
Iran is expected to produce close to 30,000 metric tons of shrimp in the current Iranian calendar year (started March 21), head of the Fisheries Organization Hasan Salehi said on Sunday. “Trout…
Economy
Home appliances made in European countries will make their way into Iran’s market after the removal of western sanctions (following the recent nuclear deal framework that was reached between Iran…
Economy
Iran is planning to send commercial attaches to India, Afghanistan, South Africa and the UAE in the coming days to identify trade opportunities with the target countries, Mir Aboutaleb Badri, a…
Economy
Iran proposed a Preferential Trade Agreement (PTA) with India when the head of Trade Promotion Organization (TPO), Valiollah Afkhamirad met with the Additional Secretary to India’s Ministry…
Economy
Deputy director of the Iranian National Tax Administration (INTA), Alireza Taari, has confirmed that the rate of value-added tax (VAT) through the current Iranian calendar year (started March 21)…
Economy
The rial fell against the dollar and gold coins on Sunday, as stocks retreated from 4-month highs, with investors hedging their bets and locking in profits.
Economy
The first market maker or liquidity provider in the Iranian equity market for pharmaceutical industry started operation under Bank Keshavarzi (Bank of Agriculture), after receiving a go-ahead from…
Economy
Tose’e financial and credit institution is offering 22 percent interest on one-month deposits, defying a central bank decision that the maximum rate should only be applied to one-year deposits,…
Economy
M utual funds had their worst year since the first started working in 2008. That doesn’t say much for a seven-year-old industry, but the bear market that took over the Tehran Stock Exchange in the…
Economy
A number of European banks have made contact with banks in Iran after the nuclear framework agreement was reached between Iran and the P5+1 (five permanent members of the UN Security Council plus…
Economy
Lopping zeros from the rial is not high on the agenda of the Central Bank of Iran or the Money and Credit Council (MCC), a lawmaker said in an interview with ISNA.
Economy
