Major aluminum makers produced 30,577 metric tons of ingots in the 11th month of the current Iranian year (January 21-February 19), which indicates a 7% increase compared with the same period last…
Economy
Economy
Contrary to the popular belief among steel industry experts that imposing higher import tariffs will help the domestic steel sector, a member of Auto Parts Manufacturers Association (APMA) board…
Economy
A fresh bullish sentiment at the Tehran Stock Exchange (TSE) over optimistic speculations about the ongoing nuclear talks led to the benchmark experiencing a three-month record high at Saturday's…
Economy
Banks will no longer be allowed to purchase participatory bonds, stated deputy minister of economic affairs and finance Shapur Mohammadi.
The official explained that for the following year…
Economy
The Export Development Bank of Iran (EDBI) provided funding for eight national development projects in the fiscal year ending March 20, IRNA reported on Saturday.
Apart from the projects,…
Economy
Disruptions in the banking network grow as the Iranian New Year approaches and the number of physical and virtual visits to the bank portals increase, Tasnim news agency reported.
Economy
UniCredit is in discussions with US authorities investigating the Italian bank for possible violations of sanctions on Iran, its chief said after reports that Commerzbank agreed to a settlement in…
Economy
The rial surged versus all foreign currencies and equities rose in Tehran on Saturday, as optimism that Iran and the six world powers (P5+1) would strike an accord ending the 12-year nuclear…
Economy
Iran Insurance Company (IIC) which has taken over Tose’e Insurance Company (TIC) is now in charge of the failed insurer, Banker reported, citing IIC’s managing director. After TIC’s…
Economy
Minister of Cooperatives, Labor and social Affairs, Ali Rabei says 600,000 new jobs have been created by the current administration, adding that 8 million employees in the country do not have…
Economy
Suitcase trade –purchasing consumer goods where prices are low and later selling them elsewhere for profit— between Iran and the Commonwealth of Independent States (CIS) amounted to $74.3 million…
Economy
The head of the Islamic Republic of Iran Customs Administration (IRICA) says foreign fruits in the market have not been legally imported; the daily Ta’adol reported on Saturday. Masoud Karbasian…
Economy
Ever since the so-called ‘subsidy reform plan’ was launched in December 2010, the government has been annually spending nearly 420 trillion rials (about $15 billion at official exchange rates) on…
Economy
Iran is ready to supply the Republika Srpska in Bosnia and Herzegovina with oil-based products, Iran’s ambassador to Sarajevo, Seyed Hossein Rajabi, said in a meeting with Vice-President of…
Economy
Iran signed a memorandum of understanding (MoU) with Azerbaijan to expand transit and transportation cooperation with the northern neighbor, IRNA reported on Saturday.
Economy
China has been the biggest exporter to Iran over the past 11 months of the current Iranian year (to end March 20), exporting $11.58 billion worth of goods during the period, ISNA cited data…
Economy
The minister of industries, mine, and trade, Mohammad Reza Nematzadeh, said that a financial collaboration between Iran and Iraq could help boost bilateral trade. The minister said an initial…
Economy
The Central Bank of Iran (CBI) has issued a bylaw calling on banks to increase financing to the manufacturing sector, a policy that officials say is in line with the “resistance economy” -- a set…
Economy
C Commerzbank AG has agreed to pay US authorities $1.45 billion to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money…
Economy
The launch of the China International Payment System (CIPS) will not be so attractive to Iran or other nations in the Middle East and Central Asia or even to Russia, economists told Trend in a…
Economy
Based on a resolution passed by the cabinet, cars with engine displacements of over 2,500 cc will no longer be allowed to travel outside the special economic zones, IRNA quoted the presidential…
Economy
Details of a recent deal between Iran Khodro (IKCO) and PSA Peugeot Citroën were elaborated by the CEO of IKCO, Hashem Yekeh-Zareh, at a press conference on Tuesday. Apart from shared investment…
Economy
Stocks at the Tehran Stock Exchange (TSE) pushed the TEDPIX to make brief gains in the week that ended March 11, amid positive speculations about a possible nuclear accord between Iran and world…
Economy
Head of the parliament’s research center, Kazem Jalali criticized the trade of mine exploitation licenses, describing it as a serious obstacle to economic activities in the mining sector. He made…
Economy
Close to 30 million metric tons of minerals will be extracted from Mehdiabad zinc and lead mine in the central Yazd Province in one year, reported the public relations of the Iranian Mines and…
Economy
