Economy

Empowering the Iranian banking system in terms of lending, capital buffer and bad debt recovery took center-stage at the latest major economic conference focused on investment and financing, which…

After a meeting with the Swedish Minister for European Affairs and Trade Anne Linde, Iran's Minister of Communications and Information Technology Mahmoud Vaezi announced that two Swedish banks…

The Central Bank of Iran will change the base year for calculating Iran’s economic growth in the third quarter, said Peyman Qorbani, CBI’s deputy for economic affairs on Saturday.

“CBI…

Iran's membership in Asian Infrastructure Investment Bank has strengthened the country's economic clout in the region, said the head of Economy Ministry's Department of Banking and Insurance…

The reform plan has reduced the cost of health care by 30% since its implementation in 2013, an Iranian parliamentarian said.

Ahmad Hemmati believes investment in medical equipment and the…

As per the sixth five-year development plan (2017-22), 30% of government revenues earned from value added tax will be used to shore up small- and medium-sized enterprises, according to the head of…

Iran’s 14 domestic airlines operated 17,796 flights during the Iranian month to January 19, 2017, of which close to 42% (7,471 flights) were delayed, data released by the Ministry of Roads and…

Kish Airlines is planning to buy four short-range planes by the end of the current Iranian year (March 20), according to CEO of the Iranian company.

“At present, 20 Iranian provinces have…

Economists have time and again warned about the dire financial conditions of pension funds in Iran and that they are likely to go under in the not-too-distant future.

The costs imposed by…

Iran’s two major coal producers extracted 1.32 million tons of coal and produced 482,150 tons of coal concentrate during the 10 months to January 19, registering a 15% and 23% growth in extraction…

Iran’s largest scrap car recycling plant was inaugurated in Zanjan Province last week.

Inaugurated by deputy minister of industries, mining and trade, Mansour Moazzemi, the Fuka San’at…

International credit cards, namely Visa and MasterCard, were slated to enter Iran, but they didn’t. 

The imposition of nuclear sanctions against Iran had made the official sales of…

Tehran Stock Exchange’s main index inched up 10.90 points or 0.01% to end Sunday trade at 76,827.7.

More than 610 million shares valued at $44.5 million changed hands for the day.

…

A third-party telecoms support firm, Mobiro has teamed up with the two biggest mobile network operators in Iran to offer in-flight roaming on dozens of international airlines, according to a press…

Samsung's largest sales center opened in central Tehran last week. The store in the new Charsou Shopping Mall has been set up over an area of 820 square meters – making it the biggest of its kind…

Amazon, the US’s biggest online shopping portal said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities…

Central Bank of Iran's Governor Valiollah Seif is expected to discuss an earlier agreement between Tehran and Baku on opening settlement accounts with his Azerbaijani colleagues in Baku, an…

After the banking system, insurance companies are next in line to conform their financial statements to International Financial Reporting Standards, with Iran Insurance Company leading the way.…

The head of Iran Chamber of Commerce, Industries, Mining and Trade has advised the governments of both Iran and Sweden to focus on improving banking ties to further develop economic ties.

Due to the importance of social rights and the necessity of banks to recover their non-performing loans, about 3,850 individuals have been put on the no-fly list and more than 4,400 have been…

Lack of proper supervision on interbank market operations has caused a considerable surge in interest rates, said the head of Majlis Economic Commission.

“Reports suggest that the interbank…

Since the beginning of the current Iranian year (March 20, 2016), up to 850,000 marriage loans have been allocated to couples, announced the head of Central Bank of Iran’s Credit Department.”…

Limiting iron ore exports will weaken the already struggling domestic miners and cause Iran to lose its foothold in established export markets, the head of Iranian Mines and Mining Industries…

More than 150 million square meters of tiles and ceramics in excess of demand are currently piled up in warehouses across the country, according to chairman of Iran Ceramic Producers Syndicate,…

More than 23,000 tons of eggs were exported in the seven months to October 21, 2016, which were halted after the outbreak of bird flu on November 2, the head of the Union of Producers of Egg-…