Economy

Iran is determined to quit the blacklist of high-risk countries of the Financial Action Task Force, according to the deputy economy minister for banking and insurance who blamed the country's…

The Central Bank of Iran considers merger as a solution for low-profit banks, “but it will be used only when other options fail to solve the problem”, said the director of CBI’s Office for…

Iranian bank lending portfolio has doubled over the past four years. 

According to the latest report published on CBI’s official website, the total amount of loans in 2012 stood at 1,…

Iran’s commercial attache in Russia has listed the names of five Russian banks that can be trusted by Iranian businesspeople. "Apart from Mir Business Bank, which is owned by Bank Melli Iran,…

Iran has confirmed plans to purchase 12 Superjet-100 Russian aircraft in the near future.

Russian Energy Minister Alexander Novak made the announcement in an interview with Rossiya 24 TV…

Imports of different kinds of feeds for livestock, poultry and fish declined by 13% during the 11 months to February 18 compared with the corresponding period of last year to reach close to 8.4…

The Ministry of Agriculture plans to transfer all vegetable farms to greenhouses within 10 years, a deputy minister said.

“As such, some 10 billion cubic meters of water will be preserved…

Iran’s iron ore concentrate production increased in the first 10 months of the current Iranian year (March 20, 2016–Jan. 19, 2017) owing to better export demand and higher domestic steel…

Tabas Parvadeh Coal Company’s expansion projects put out to tender have attracted investments worth €250 million, according to the company’s development project manager, Omid Fallah.

An economic delegation led by New Zealand’s Primary Industries Minister Nathan Guy is scheduled to arrive in Tehran on Saturday to scope out trade opportunities in agriculture and dairy industries…

Given its strategic geographical position, Iran can act as the facilitator of transportation and transit in the region and the world.

Alborz Province exported agricultural products worth $75 million during the six months to September 21, said the chairman of Alborz Agricultural Jihad Organization.

“In the last Iranian…

Mouteh Gold Mine produced 295 kilograms of gold bars in the 10 months to January 19, registering a 45% growth compared with last year’s corresponding period. The mine’s output for the Iranian…

Iranian steel mills produced 1.52 million tons of crude steel in January, registering an 11.3% growth compared with last year’s similar month. 

By coming into line with the Central Bank of Iran’s attempts to implement IFRS standards, the Iranian banking sector’s structural issues have delivered a painful blow to investors on equity…

Tehran Stock Exchange’s main index gained 47 points or 0.06% to end Wednesday trade at 77,847.2.

About 1.2 billion shares valued at $55.7 million changed hands for the day.

Bahonar…

Daimler Benz will open its first factory in Russia in the first new investment by a major western automaker since sanctions were imposed on the former Soviet country three years ago.

The…

Tehran authorities are moving ahead with plans to force parents to buy and install booster seats for children when they travel in cars.  

In the near future, if a child is not seated…

IKCO has achieved EAC certification for its cars, allowing the company to develop new export markets and revive its former position in markets including the northern CIS countries and Russia.

Pictures have emerged online showing a Tehran car license plate ending with ‘10’ – the newest version to be released in the capital – attached to the latest BMW 7 series.

A new directive concerning direct tax regulations has been issued, which enables the Iran National Tax Administration to identify taxpayers and their incomes, announced an official with INTA. “The…

Bank Mellat has released its first financial projections for the next Iranian fiscal year on earnings per share and total revenue.

Shaparak, Iran’s nationwide payment network, processed 1.09 million successful transactions worth 1,258 trillion rials ($32 billion) during the month ending January 19, marking a 30% growth in…

The Iranian Parliament approved the outlines of the budget for the new Iranian year (March 2017-18) on Tuesday. 

A total of 111 lawmakers voted in favor while 70 were against the…

The Central Bank of Iran has denied recent reports that put the interbank lending rate at 26%, stressing that its average is considerably lower.

"The average for interbank rates stands at…