Economy

For making Iranian financial institutions conform to international standards, Money and Credit Council–a top monetary decision-making body–has approved a directive that requires banks to…

The Export Guarantee Fund of Iran has signed an agreement to bolster banking and insurance cooperation with KUKE, its Polish counterpart.

Since complying with international standards and building strong infrastructures are prerequisites for opening a branch in another country, Sina Bank has managed to complete the first phase of…

Bank Melli Iran, owned by the government and the largest commercial bank in Iran, has invested more than 1 trillion rials ($25.6 million) in three knowledge-based startups, an official at the…

With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the lender’s deputy for…

Tehran Stock Exchange’s main index gained 74.50 points or 0.09% to end Wednesday trade at 85,429.5.

About 601 million shares valued at $37.44 million changed hands for the day.

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Sometimes all it takes to retard a well-oiled machine is one loose cog. And for the Iranian steel industry, the increasingly limited supply of graphite electrode is the inconspicuous gear…

The Iranian capital market outperformed all its rival markets in terms of return on investment (ROI) during the first half of the current fiscal year (March 21-Sept. 22).

The parallel…

Morteza Lotfi has assumed the leadership of Iran’s largest holding, Social Security Investment Company. Lotfi, who earlier served as the company’s deputy head, is the former managing director of…

Following the Cabinet's approval on Wednesday, Farzaneh Sharafbafi officially took over as the chief executive of Iran Air, the country's flag carrier airline company, also known as Homa.

The outstanding debts owed to pharmaceutical companies by insurance firms have tipped this sector into recession, the chairman of Majlis Health Commission said.

The recent Household Expenditure Survey by the Central Bank of Iran shows food and beverages had a 23% share in the Iranian households’ expenditures in the last fiscal year (ended March 20, 2017…

The maritime fleet of the Islamic Republic of Iran Shipping Lines handles half of the cargo container throughput in the country, said the director general of Container Transportation Company—an…

There is no option but to go ahead with Health Reform Plan since its popularity rate among Iranian people hovers around 85% and the country’s top officials won’t allow its revocation, a deputy…

Iran’s largest copper producer realized 44% of its annual sales value target during the first half of the current fiscal year (March 21-Sept. 22), data released by National Iranian Copper…

Iran Khodro has announced that its latest crossover Haima S5 will arrive before the Iranian year ends in March 2018. The company’s marketing director Mostafa Khan Karami says, “The presold units…

Ford’s new boss has outlined plans which he says will make the US car giant fit to compete in a changing industry.

Jim Hackett said Ford would shift resources from traditional cars to…

Japan’s transport ministry said on Wednesday it had carried out spot inspections at two plants producing Nissan Motor Co Ltd vehicles as part of a probe into final checks, days after…

Following complaints from the business community that it is not getting its fair share from the recent inflow of foreign finance, Economy Minister Masoud Karbasian sought to put those concerns…

A proposal to exempt the Export Guarantee Fund of Iran from paying value-added taxes has been sent to the parliament as part of a bill and is being followed up, announced the director of the…

After recent measures to make banks adhere to lower deposit rates, the Central Bank of Iran is mulling a reduction in loan rates, the bank's second-in-command said on Tuesday.  

Iranian economist Farrokh Qobadi said foreign direct investment tends to have more advantages over finance deals.

Iran has attracted more and more foreign investment and signed billions…

Tehran Chamber of Commerce, Industries, Mines and Agriculture opened a new office in London on Monday morning in a ceremony attended by the chamber’s chief, Masoud Khansari, and Chairman of the…

The government has allocated $2 billion in loans from the National Development Fund of Iran to exporters, the minister of economic affairs and finance said on Tuesday. Masoud Karbasian added…

Salaries of government employees will increase by 10% with an average inflation rate of below, but close to, 9% forecast for the next fiscal year (March 2018-19), the government…