The governor of the Central Bank of Iran has called for promoting competition in the banking system, cautioning that unhealthy rivalry can lead to unsatisfactory repercussions.”Empowering a spirit…
Economy
Economy
The Iranian housing market is on a slow but steady path to escape its lingering recession with as an uptick in housing starts and heralds better days for the key sector.
Economy
Insurance Research Center, a think-tank affiliated with the Central Insurance of Iran, has finalized the draft version of “corporate governance principles” for domestic insurance companies.…
Economy
Recent fluctuations in the rial/dollar exchange rate have prompted a lively debate among economists and financial experts in Iran over forecasting currency movements.
A lot of ink has…
Economy
Tehran Stock Exchange’s main index shed 175.60 points or 0.22% to end Saturday trade at 79,206.6.
More than 684 million shares valued at $45.6 million changed hands for the day.
…
Economy
Around 2,400 trillion rials ($60 billion at market exchange rate) have been paid as cash subsidies under the so-called "Subsidy Reform Plan" ever since the controversial scheme came into effect in…
Economy
Presently 9.2 million investors are trading in Iran’s securities market, the head of Central Securities Depository of Iran said.
“A total of 22,500 codes were issued in the three weeks to…
Economy
Russian steelmaker Magnitogorsk Iron & Steel Works, otherwise known as MMK, has started shipping its flat steel products to Iran through Kazakhstan’s port of Aktau. Transportation through…
Economy
The Eighth Conference on Healthy and Sustainable Agriculture will be held in Tehran on January 26.
The private sector’s participation in the agriculture sector and scientific…
Economy
The Ministry of Agriculture has authorized the establishment of greenhouses extending over 1,000 hectares so far in the current Iranian year (started March 20, 2016), says deputy agriculture…
Economy
Turboprop maker ATR has completed commercial negotiations with Iran Air for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian…
Economy
Turkish exports to Iran in 2016 rose 35.6% compared to the preceding year to mark the highest rise among Turkey’s export destinations, according to Turkish Exporters Assembly Chairman Mehmet…
Economy
The construction of the first section of the freeway connecting Tehran to the northern Mazandaran Province has made 77.5% progress, a deputy minister of roads and urban development said.
Economy
Road transit has seen a 35% drop in volume so far in the current Iranian year (started March 20, 2016) compared with the corresponding figure of last year, says secretary of International…
Economy
About 5% of Tehran Municipality’s budget are allocated to urban development and crisis management.
Economy
Iranian authorities have reduced the cost of the Temporary Admission License for the vehicles that enter Iran from Armenia by over $410. Mehr News Agency reports that the Islamic Republic Customs…
Economy
Germany will need a new economic strategy geared toward Asia should the new US administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning against…
Economy
The total revenue of Iranian auto importers and producers during the first nine months of the current fiscal that ends in March was 391 trillion rials ($10.2 billion), according to a new report.…
Economy
Nissan will review the case for future investment in the United Kingdom when the terms of the country’s departure from the European Union finally become clear, CEO Carlos Ghosn said.
Economy
The British government is coaxing lenders into facilitating trade with Iran. Recently, British officials have sought to boost business ties with Iran—a year on from the lifting of international…
Economy
Losses caused by the recent inferno in a Tehran high-rise and its subsequent collapse are estimated at 15 trillion rials (over $390 million), said the head of Iran Chamber of Guilds, Ali Fazeli.…
Economy
Colza production is expected to reach 200,000 tons in the next Iranian year (March 2017-18), double the amount of production this year, according to Alireza Mohajer, an official with the Ministry…
Economy
A Republican congressman has introduced legislation in the new US Congress that could complicate Boeing and Airbus sales to Iran Air, made possible by a multinational nuclear agreement signed in…
Economy
When world powers agreed in 2015 to lift sanctions on Iran in return for curbs on its nuclear program, the deal’s supporters in the United States, Europe and Tehran hoped renewed trade and…
Economy
Tehran Stock Exchange’s main index TEDPIX shed 741 points or 0.9% in the Iranian month of Dey (December 21-January 19) to end at 79,382. The over-the-counter Iran Fara Bourse’s main index, IFX,…
Economy
