Economy

Three Iranian private banks, namely Saman Bank, Parsian Bank and Bank Pasargad, plan to open branches in India, of which Pasargad’s request is in the final stage of approval, India’s ambassador…

Iran has a risk potential of over $3 trillion that can be covered by insurance, the Central Insurance of Iran’s vice president announced.

“Not more than 30% of the risks in Iran’s…

Bank Maskan–as the agent lender of the housing industry–plans to fund the construction of 1.3 million houses in the next four years.

Announcing the above, Bank Maskan CEO Mohammad Hashem…

The Central Bank of Iran distinguishes between temporary fluctuations and long-term trends in the foreign exchange market and closely considers this in its decision-making to ensure forex…

Tehran Stock Exchange’s main index gained 9.70 points or 0.01% to end Wednesday trade at 84,744.1.

About 792 million shares valued at $35.353 million changed hands for the day.

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Khazar Sea Shipping Lines transported a record high of 217,988 tons of cargo in the sixth Iranian month (ended Sept. 22), registering a 34.3% rise compared with the similar period of last year…

The International Monetary Fund in its latest World Economic Outlook report has projected that Iran’s real GDP will expand by 3.5% and 3.8% in 2017 and 2018 respectively. In 2022, the IMF…

A decision by US President Donald Trump to back out of the Iranian nuclear agreement could derail billions of dollars in western investments heading toward Iran and trigger European economic…

The third batch of equipment for the development of the southeastern Iranian port of Chabahar worth more than €16 million was delivered on Wednesday. 

The batch includes two “…

The government has handed over 4,131 abandoned development projects to the private sector, the head of Planning and Budget Organization of Iran said.

Iran and Italy have signed an agreement based on which Italian professors will teach the science of rail transportation to Iranian students.

The agreement was signed by the Italian…

Iran continues to remain a top performer in a global deal to cut oil supplies as data by OPEC showed the country pump around 3.82 million barrels per day for a second consecutive month in…

Minister of Roads and Urban Development Abbas Akhoundi believes that instilling a change in the outlook toward devising the housing policy and looking at life qualitatively, rather than…

Shortly after Iran and Turkey signed a draft of currency swap agreement, Governor of the Central Bank of Iran Valiollah Seif hailed the fact that the country has managed to reverse its banking…

Iran and Ghana discussed different aspects of expanding banking relations during a meeting between the CEO of the Export Development Bank of Iran Ali Salehabadi and the chief executive of Ghana…

The government spokesman has announced that the administration is against any irrational devaluation of rial against the US dollar since its policy is to manage the rates of foreign currencies…

Gold in Iran rose on Tuesday as the price of the precious metal had significant fluctuations in international markets.

Gold rose 1.16 percent to 9.25 million rials a gram by 2 PM GMT in…

Tehran Stock Exchange’s main index gained 122.80 points or 0.15% to end Tuesday trade at 84,734.4.

About 448 million shares valued at $59.31 million changed hands for the day.

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As the Iranian economy grew remarkably in the last fiscal year (March 2016-17), the Gini coefficient remained the same compared to that of the preceding year, according to the Statistical Center…

Azimut Group signed an agreement on Monday to acquire a 20% stake in Mofid Entekhab, an asset management company in Iran.

Mofid Entekhab is a subsidiary of Mofid Group, the largest…

More than 79,000 tons of potatoes worth around $19.4 million were exported from Iran in the five months to Aug. 22, an official with the Ministry of Agriculture said.

A total of 3,259 tons of mu’assel were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), indicating a 34% decline compared with the similar period of last…

Major Iranian mining companies produced 169.17 million tons of mineral products during the first half of the current Iranian year (started March 21), registering an 8.45% growth compared with…

Iran exported more than $3 billion worth of commodities to the neighboring Iraq during the six months to Sept. 22, Hamid Hosseini, secretary-general of Iran-Iraq Chamber of Commerce, said.

The Ministry of Telecoms will grant loans to local mobile-app developers. According to the website of the ministry, Iranian mobile app developers can apply for loans up to 150 million rials ($3,…