Economy

A senior official of the Central Bank of Iran outlined past and future measures of President Hassan Rouhani's government in line with the implementation of Resistance Economy principles and the…

More than 50% of many banks’ income are generated through penalty fees while this way of allocating loans will amount to a compound interest, said a member of Iran Chamber of Commerce, Industries…

The Office of Foreign Assets Control affiliated with the US Treasury Department has allowed American citizens to open accounts in Iranian banks, said the Central Bank of Iran’s deputy for foreign…

The government has not stopped reviewing the two banking reform bills, said the vice governor of the Central Bank of Iran rejecting earlier claims about the bills being returned to the CBI.

Legislators on Sunday extended the enforcement of value added tax for the upcoming fiscal year (starting March 21) and dropped the newly-proposed article narrowing the tax base to the final…

The Islamic Republic of Iran Customs Administration has announced that all pets leaving or entering the country now require permits from Iran Veterinary Organization. “It will be possible to…

A Mahan Air pilot, who detained his passengers for seven hours in a plane at Mashhad’s Shahid Hasheminejad Airport, has been arrested. Extensive travel delays and cancellations on February 18 were…

Non-oil exports from Chaharmahal-Bakhtiari Province in southwest Iran exceeded $96.7 million during the 11 months to February 18, registering a 24% increase compared with the corresponding period…

Slovakia’s Deputy Prime Minister Peter Pellegrini, Minister of Finance Peter Kazimir and Minister of Economy Peter Ziga, as well as representatives from 35 private companies, are scheduled to hold…

Iran is set to become a regular member of the International Organization of Securities Commissions in the next five to six months, the chairman of Securities and Exchange Organization announced.…

Iran exported more than 43.57 million tons of mineral products worth over $5.4 billion during the 10 months to Jan. 19, accounting for 15.3% of Iran’s total exports during the period.

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Russia’s United Wagon Company has signed a deal to supply 6,000 freight wagons to Iran within three years, of which 4,900 cars will be produced inside the Islamic Republic.

Pistachio trade kicked off at Iran Mercantile Exchange for the first time on Monday in a ceremony attended by IME chief, Hamed Soltani-Nejad, and Economy Minister Ali Tayyebnia.

IME’s…

Tehran Stock Exchange’s main index added 22.80 points or 0.03% to end Monday trade at 76,789.7.

More than 1 billion shares valued at $61.3 million changed hands for the day.

Sarma…

More than $2.3 billion worth of vehicles and auto parts were imported in the eleven months of the current fiscal that ends on March 20.

As has been the case for several years, China,…

Germany's Continental, commonly known for its quality tires, has signed a deal with Iran's Crouse Co. to set up a local auto parts production joint venture.

The two companies will produce…

The Ministry of Industries, Mining and Trade has released data on carmakers’ output during 11 months of the current fiscal that ends in March.

The largest company, Iran Khodro,…

Negin Khodro, the official dealership of imported Renault vehicles in Iran, released the final price of its new model of a luxury SUV. The price tag for the latest Koleos is 1.995 billion rials (€…

SAIPA unveiled a new small hatchback car called the ‘Quick’ on March 6 in Tehran. Several high profile officials were present at the unveiling event including Ali Larijani, Majlis Speaker and Head…

Lawmakers passed a measure on Sunday, based on which all banks must conduct their business under the watchful eye of the Supreme Audit Court.

All government-run entities are also required…

The Central Bank of Iran plans to print banknotes in smaller sizes, the director of CBI’s Office for Banknote Issuance said.

“CBI is also working on new designs for 50,000-rial and 100,000…

A group of Iranian fintech companies has formed Iran’s Fintech Association, soon after the Central Bank of Iran put forward the idea.

Nasser Hakimi, the director of CBI’s IT Department, had…

The economy ministers of Iran and France discussed expansion of relations between their central banks during a meeting in Tehran on Saturday.

The Iranian Parliament finalized on Sunday the budget for the new Iranian year that starts on March 21.  A total of 160 lawmakers voted in favor, 19 voted against and four MPs abstained to…

Close to 340 tons of citrus fruits worth over $135,300 were exported from Mazandaran Province during the 11 months to February 18, registering an 87% and 60% growth in tonnage and value…