Economy

To prepare the grounds for new recruits, Central Bank Governor Valiollah Seif has recently decided to usher out banking executives with the bank whose end of service terms has long been overdue.…

An Iranian technology company has  told Financial Tribune that it successfully won a place at Seed Stars World competition in Geneva, Switzerland on February 4 to highlight their augmented…

The spokesman of the parliament’s economics committee on Sunday warned commercial banks against any involvement in money laundering scams.

“Commercial lenders must think beyond merely…

Farmers can receive loans of up to 200 million rials ($7,200 at official exchange rate) within 48 hours of filing their loan request in branches of Bank Keshavarzi (Agriculture Bank), said the…

Ninety percent of clothes sold in the name of foreign brands in the market are counterfeit, Mohammad Mehdi Ra’ees-Zadeh, the secretary of Association of Iran Textile Industries (AITI), said on…

National resources are being utilized to make up for the shortcomings in the transportation sector, said the minister of roads and urban development, Abbas Akhoundi on Saturday,  pointing…

Iraq is planning to import quality medicines from Iran, Head of Iran’s Food and Drug Organization Rasoul Dinarvand said on Sunday. “The Iranian and Iraqi health ministries have signed a memorandum…

Iran earned 637,810 billion rials (about 23.2 billion dollars based on official exchange rate), in non-oil revenues as well as 510,000 billion rials (18.5 billion dollars) in oil revenues during…

Latest data show that trade turnover between Iran and Turkey decreased by 6% in the year 2014, compared to the preceding year.

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei and head of Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO), Masoud Soltanifar, signed a memorandum of…

Head of the National Tax Administration, Ali Asgari says the government should increase the efficiency of tax collection services and add more transparency to the capital and commodity markets in…

The Competition Committee has been tasked with setting prices for imported cars, ISNA reported on Saturday.

The decision was made by the ministry of industry, mine, and trade in line with…

Initial Public Offerings of government-owned companies were worth more than 38 trillion rials ($1.1 billion) within the past 10 months, SENA reported. Close to 38.048 trillion rials ($1 billion)…

The deputy minister of industry, mine, and trade and head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian recently announced a national…

Iran Mercantile Exchange (IME)’s industrial and mining trading floor featured various types of I-beams offered by Mobarakeh Steel Company (MSC) on week’s first trading day.

The global decline in the prices of minerals, such as iron ore, along with high costs of production have caused serious concern for Iranian miners, especially owners of small private mines who are…

The Tehran Stock Exchange (TSE) witnessed a fresh uptrend at Saturday’s close, thanks to positive contribution of giant companies, to cling to its recent winning streak.

Most companies…

More than $658 million worth of goods were traded in Chabahar Free Zone during the first ten months of the current year (March 21- January 20), which shows a 68 percent rise compared to the same…

Iran is to open an exclusive trade and industrial fair in Turkmenistan’s capital city of Ashkhabad on February 25-27, Mohammad Samadi, the head of North Kohrasan Province’s chamber of industries,…

Iran and Turkey have started having their truck’s fuel tanks sealed as of today, ISNA reported on Saturday. The trucks, passing the Iran-Turkey joint border, are expected from now on to get their…

There is no doubt that wheat is a strategic commodity. It has always been a very sensitive issue, stealing the limelight in the media every time the harvesting season nears. On the one hand,…

The prospect of an extended period of cheap oil has quickly convinced the government that raising taxes is a must. However, big challenges lie ahead.

Commercial banks will finance homes for the poor using 0.5 percent of their taxable income. The central bank directed all commercial lenders and credit institutions to pay 0.5 percent of their…

The parliament agreed to raise the capital of Tose’e Ta’avon Bank, by 4.8 trillion rials ($175 million at official exchange rate). The Management and Planning Organization of Iran will execute the…

Foreign assets of Iran’s banking system is on the rise, according to central bank statistics, as easing sanctions boost the banking sector.