Economy

The Iran Mercantile Exchange (IME) featured copper wire, copper cathodes, aluminum ingot, and various types of I-beams offered by local suppliers on the industrial and mining trading floor on…

Crude steel production in Iran registered a 6.1% growth during the first nine months of the current Iranian calendar year (ending March 20) compared with the similar period last year, according to…

Stocks at Tehran Stock Exchange (TSE) wavered between gains and losses on Monday’s trading; with unsettled investors remaining cautious amid ongoing lingering ambiguities surrounding the economy…

The minister of industry, mine, and trade, Mohammad-Reza Nematzadeh on Monday called for reducing the export of raw unprocessed copper, noting that it deprives the country of value added.

Bank Sepah has lost a considerable amount in deposits since it reduced fixed interest rates on deposits to the levels set by the Central Bank of Iran a couple of months ago.

Banks shall be required to set up special databases that would make it possible for authorities to have a closer look at banking operations, members of the parliament’s economics committee decided…

Years have elapsed since leasing firms got a foothold in Iran. Statistics indicate that around 600 companies under different names are operating in Tehran and all around the country while the…

B anker magazine recently covered an article on the use international debit cards in Iran, with the history of when their use was prevalent in society and where their usage stands today.

State-owned Iran Insurance Co. is expanding its activities in the petroleum industry as it fills the gap left by the inaccessibility to foreign insurers due to sanctions against Iran’s nuclear…

To avoid a shock in the real estate market, the Central Bank of Iran will not urge banks to provide mortgages worth 800 million rials ($29,000 at official exchange rate), CBI credit manager, Ali…

The value of ‘suitcase trade’ – purchasing consumer goods where prices are low and later selling them elsewhere for profit – in the first ten months of the current year (March 21-January 20) stood…

More than $2 billion worth of clothes have been illegally imported during the first nine months of the current year (March 231- December 21), while legal import stood at $6 million during the same…

Transactions in the housing sector have been on the rise in winter, head of the real estate union, Hesam Oghabie told Mehr news agency on Monday. “In the first week of the second month of winter,…

Ever since the Rouhani administration took office, it has been promising to reduce the inflation rate and establish fiscal discipline. The achievement of these goals requires two steps; first,…

While Iran’s trade balance with the United States is negative, commodities like raisins, carpets, and saffron are exported to the US and, on the other hand, medical supplements, bovine semen,…

About 11 million metric tons of various commodities were transported through the borders in the first ten months of the current Iranian year (ending on March 20), indicating a 9.5% increase…

Tehran-Isfahan express railway will be tracklaid in the near future, Abbas Akhoundi, the minister of roads and urban development said in a news conference on Monday. Traveling at 300 kilometers…

Deputy Minister of Cooperatives, Labor and Social Welfare, Hamid Kalantari, said on Monday that nearly 3,360 cooperatives were established during the first ten months of the current year, adding…

The Tehran Municipality says it will offer loans with no interest to buyers of electric motorcycles, IRNA reported. The City Bank, which is affiliated with the municipality, has announced that it…

A s the global steel market is projecting slower growth amid lower demand for the metal, the manager of a private Iranian steel company believes the manufactures should diversify their products to…

Lingering ambiguities at the Tehran Stock Exchange (TSE) pushed stocks to fluctuate during Sunday’s trading, with the benchmark limping to end flat.

After the TEDPIX’s rally on Saturday,…

The deputy head of Iran Mine House has slammed the recent decision by the parliament’s Integration Committee which requires all mines across the country to pay royalties in the coming Iranian…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has endorsed the participation of a South Korean company in new steel projects in the southern ports of the…

Fifteen new banks are likely to join Iran’s financial system in the next three years, said EN (Eghtesad Novin) Bank CEO Hassan Motamedi on Sunday.

Currently 30 banks are operating in Iran,…

A parliamentarian has criticized the Central Bank of Iran for having failed to restrain illegal banking activities in the past years.