Economy

The Council for Islamic Jurisprudence in the Central Bank of Iran–aka Fiqh Council–is to obtain an official legal status through a parliamentary vote, announced a member of the council.

As Iran is expanding railroads across the country, an executive of a major Iranian rail company said passenger rail transportation is gripped by a longstanding recession.

“It has been a…

Iranian airlines’ debt to the National Iranian Oil Products Distribution Company has amounted to 13 trillion rials ($345 million), NIOPDC’s chief executive, Mansour Riahi, said.

Tehran Stock Exchange’s main index inched up 3 points or less than 0.01% to end Monday trade at 76,332.

More than 3.3 billion shares valued at $263.9 million changed hands for the day.

The Iranian economy grew 11.9% during the three quarters of the current Iranian year (started March 20, 2016), a Central Bank of Iran official said.

CBI’s Deputy Governor Peyman Qorbani…

South Korean electronics giant Samsung has been accused by the Islamic Republic of Iran Customs Administration of violating trade regulations to evade payment of 3.36 trillion rials ($89.4 million…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has written a letter to First Vice President Es’haq Jahangiri, calling for a 5% rise in import tariffs on paper to reach 10% to…

Trade turnover with Iran can be increased to $1 billion per year, Armenian Prime Minister Karen Karapetyan said during the ruling Republican Party’s election campaign in Syunik Province…

Ford Motor Co’s luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world’s largest auto market and aims to catch up with German and US rivals…

Bentley debuted the EXP 12 Speed 6e convertible concept at the auto show. But the most important part of the concept couldn't be seen.

Production lines at Diar Khodro, an independent auto producer, have been shut down over the past two months, local automotive media reports said.

According to Persian Khodro, the company’s…

South Korea's Hyundai Motors, Middle East and Africa office director, Mike Song, signed a production agreement with Iran's Kerman Motors to start production of the Elantra model in the local firm'…

A task force comprising Iranian and Finnish bank executives and experts, which was formed to remove bilateral banking hurdles, has already made headway, said the ambassador of the Scandinavian…

The central banks of Iran and Oman have signed an agreement on Sunday to prepare the ground for expansion of banking ties at the Central Bank of Iran’s headquarters in Tehran.

Valiollah…

ZPay, a payment application for foreign tourists in Iran, won Bank Pasargad Iran’s award for best financial innovation in the First Fintech Festival.

A group of 16 participating teams…

The Tehran prosecutor general has spoken out against directed credit schemes by banks, stressing that loan allocation violations must be reviewed by the experts.

The housing market is likely to pick up in the next fiscal year (starting March 20) and since most tenants are economically disadvantaged, it is hoped that rents will remain steady or rise…

More than 13.5 trillion rials (around $360 million) worth of foreign direct investments have been made in Alborz Province since President Hassan Rouhani took office in August 2013, the head of…

A consortium of Iranian private companies has signed a deal worth $1 billion with the Iranian Mines and Mining Industries Development and Renovation Organization to develop one of Iran’s largest…

The budget law of the upcoming fiscal year (March 2017-18) has projected 1,150 trillion rials ($30.59 billion) in tax and customs revenues.

Over the past two years, as many as 4,200 gold and jewelry businesses have closed shops across the country, said a board member of Gold and Jewelry Employers’ Association of Tehran Province,…

Tehran Stock Exchange’s main index inched up 13.4 points or 0.02% to end Sunday trade at 76,329.0.

More than 3.3 billion shares valued at $140 million changed hands for the day.

…

Industrial exports grew 13.66% in the third quarter of the current Iranian year (Sept. 22-Dec.

The government earned 1,032 trillion rials ($27.5 billion) during the first 10 months of the current Iranian year (March 20, 2016-Jan. 19, 2017), according to the Central Bank of Iran’s latest…

Avian influenza has spread across the country and at present 24 provinces are affected by the disease, according to the head of the board of directors at Tehran’s Union of Producers of Egg-Laying…