Economy

Exports of leather fell by nearly 30% this year, deputy head of the Association of Leather Producers and Exporters, Mohammad Lahouti, said on Saturday. “Iran’s leather industry has great potential…

Out of the 11 licensed cell phone manufacturing units in Iran, only two are currently active manufacturing about 1.5 million mobile phones every year.

The industrial and mining sectors grew by 6.5 and 10.5 percents respectively during the first six months of the current Iranian year (March 21- September 22) according to deputy minister of…

Iran’s Minister of Roads and Urban Development, Abbas Akhundi, conferred with Iraq’s Minister of Reconstruction and Housing, Tariq Al-Khikani, in Tehran on Saturday, IRNA reported. He reiterated…

The government lacks the sufficient financial resources to fund the subsidy reform plan due to reduced oil revenues in light of the slump in global oil prices, IRNA quoted senior economic advisor…

The government needs to generate more revenues from taxes by fighting tax evasion, said Minister of Economic Affairs and Finance, Ali Tayebnia on Saturday.

“Increasing tax revenues is not…

Iran is facing a line of foreign trade delegations wanting to negotiate closer economic ties, head of Iran’s Chamber of Commerce, Industry, Mine and Agriculture, Gholam Hossein Shafei, said on…

Bread prices will increase in the upcoming calendar year (to start March 21); Fars news agency quoted Arsalan Fat’hipoor, the head of the parliament’s economic commission as saying on Saturday.…

During the past few years, a number of Iranian commercial banks have suggested that Automated Teller Machines (ATM) should be updated and adjusted to accept checks. Namely, CEO of Bank Mellat…

A conference on the development of financial innovation in Iran will take place on March 1, according to the news website, Banker.

The conference, set to be held at Sharif University in…

The Supreme Anti-Money Laundering Council has ruled that any suspicious hefty financial transactions are to be regulated Interior Minister Abdoreza Rahmani-Fazli said.

Bank Saderat Iran has issued more than 9,000 virtual cards to institutional and non-institutional entities during the first nine months of the current fiscal year (ending January 20).

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In an address to the Public-Private Dialogue Forum in Khoramabad, Lorestan, Justice Minister Mostafa Pour-Mohammadi has voiced support for the administration’s idea that banking structure needs…

Those who invested in gold and housing markets in the past decade have made tenfold profit from their investment, while those involved in foreign exchange and stock markets have respectively made…

In effect of a complaint filed by the Trade Development Intl. Company (TDIC), branch 19 of Shahid Behehsti Judicial complex has ruled in favor of a distraint notice on the assets of Iran Zamin…

Iran is facing serious environmental challenges such as drought and water crisis, but the government is trying to  address the problems through strategic planning, First Vice-President Eshaq…

Relatives of US soldiers killed and wounded in a 1983 Beirut bombing have been barred by a US judge from seeking $1.6 billion in assets belonging to the Central Bank of Iran and held by a unit of…

The first national conference ever held in Iran on a “suggestion system” within the Iranian banking network is set to open on Feb. 23 in the central bank’s conference hall. Iran Banking Institute…

The Money and Credit Council is evaluating a new set of regulations offered by the central bank for the bureaux de change and leasing companies in free trade zones.

Iran’s northwestern free trade zone called Aras has announced it has broken ground on its largest shopping mall yet, according to the free trade zone’s website.

The new mall, called Aras…

As the New Year (Norouz) is approaching, Bank Mellat’s board of directors ordered all branches in Tehran and other cities to operate over hours (except for Thursdays).

The decision was made…

Tehran’s gold market has taken another knock on Saturday with the Iranian Azadi bullion coin taking a hit.

The Central Bank of Iran will carry out monetary policy more effectively if sanctions against it are lifted, a recent report by the Economist Intelligence Unit says.

An Armenian company has managed to get its trading code, issued by the Central Securities Depository of Iran (CSDI), at the Iran Energy Exchange (IRENEX). As the 18th foreign trader at the IRENEX…

Saturday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of about 152,681 tons of 33 types of commodities at the spot market, IME’s Public Relations and Foreign Affairs…