Economy

Stocks waxed and waned on Sunday, causing the Tehran Stock Exchange (TSE)’s main index to keep tumbling and notch its 7th straight decline.

According to TSE data, stocks slid further after…

The Central Bank of Iran plans to sort out the affairs surrounding “14 unauthorized credit institutions” by the end of the year (March 20), said CBI Governor Valiollah Seif on Sunday.

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Cutting interest rates is often portrayed as both desirable and an action that has little in the way of long term consequences. While there are certainly situations in which reducing the current…

T he research center of the parliament issued a report Sunday on how the government has proposed to raise capital in state-owned banks in the budget of the next fiscal year (starting March, 21).…

The dollar, the euro and the British pound cut their losses versus the rial on Sunday as the foreign ministry denied late Saturday evening a breakthrough in nuclear talks with the West.

Trade and business consultants from 16 countries on Sunday held talks with representatives from commercial guilds, hotels and businesses active on Kish Island to explore avenues for bilateral…

According to a senior agricultural jihad ministry official Iran is no longer reliant on rice import. The import of rice has come to a complete halt since the beginning of the current Iranian year…

The recent announcement of a rise in the unemployment rate can be justified by the seasonal slump in agricultural activities in autumn, a top official says.  Confirming the authenticity of…

The import of barley, not including barley corn, increased by 129 percent in the first eight months of the current year (March 21-December 21, 2014). According to the Customs Administration Office…

If the government can carry on with the economic growth at the current pace, it will be able to meet the employment goals, Mohammad Nahavandian chief of staff of President’s Office said on Sunday…

The first economic development plan was implemented in 1948 for seven years and until now there have been nine other plans, the first two took seven years and the next eight took five years each.…

Inflation has been curbed at the expense of amortization of production capacity, the minister of roads and urban development said.

As long as business is marginalized in the country, it is difficult to expect diplomatic relations to help develop the economy, Yahya Al-Es’haq head of Iran’s Chamber of Commerce, said on Sunday…

Reaching an annual production volume of 6 quadrillion rials ($220.7 billion at official exchange rate) needs a cash flow of 2.2 quadrillion rials ($80.9 billion), and to provide this cash flow the…

The 8th International Exhibition of Goods, Services & Equipment of Chain Stores will take place at Tehran International Permanent Fairground on Jan. 5-8, FNA reported Saturday.  Other…

A senior Indian official stressed the importance of the Southern Iranian port of Chabahar for investment in various sectors, including the transit of India’s products to other countries FNA…

In the first 8 months of the fiscal year (starting March 21, 2014) 42,000 checks bounced in Iran.

Hopes are high that with the implementation and spread of a national unified electronic…

The Central Bank of Iran has rejected speculation that it has a discord over interest rates on deposits at commercial banks with the ministry of economic affairs and finance, IRNA reported on…

After a four week rout, the rial is on the rebound as the weakened currency spurred some buying.

The dollar fell against the rial on Saturday heading for the first full week of losses in…

After an eight-year hiatus, a letter of credit (LC) has been issued by a foreign bank for the South Aluminum Company (SALCO) which is expected to produce 300,000 metric tons of aluminum per year,…

The Iran Mercantile Exchange (IME) saw both local and imported rice being traded on the agricultural trading floor on Saturday, IME’s public relations and foreign affairs office reported.

Following the past three months’ declining prices of the mortgage-backed securities, the greater-than-demand supply is the main reason why such securities lost their value again in the past…

The Tehran Stock Exchange (TSE)’s overall index once again retreated at Saturday’s close to extend its massive losses incurred within the past few months, with all indices pushing the TEDPIX to…

Iran Privitazion Organization (IPO) has put up three gas stations for auction in the northern province of Golestan, IPO’s public relations office reported. A horse race track in the centre of Iran…

Over the first 9 months of the fiscal year (March 21st -December 21st 2014), the United Arab Emirates was the main country of origin for imported goods, based on the latest report by the Islamic…