The government has approved changing Iran’s monetary unit from rial to toman, which will lop off one zero from the current national currency rial.
The decision was made when ratifying the…
Economy
The Central Bank of Iran’s grand plan to overhaul its financial oversight regime is almost complete and will be unveiled soon, announced the bank’s governor.
“The plan to overhaul CBI’s…
The new type of financial statements adopted by the Central Bank of Iran has done nothing to cause Iranian banks’ profit woes, says the director of CBI’s Department for Supervising Banks and…
The Iranian government has issued the permission for taking a loan from Russia during the Cabinet meeting on Wednesday. The money would be spent on the development of infrastructure projects,…
Seafood exports in the current Iranian year (to end March 20, 2017) are estimated to exceed $380 million to register an 8.5% increase compared with last year, according to the head of Iran…
The domestic production of chicken and red meat is sufficient to meet about 90% of Iranian needs, says the managing director of Poultry Producers Union. “Local producers have the potential to…
Over 11 billion cubic meters of water flow out of Iran’s borders every year and a plan is afoot to prevent this water loss, a deputy agriculture minister said. “The ministries of agriculture and…
Russia’s defense manufacturer Almaz-Antey and Iran’s Shiraz Electronics Industries have signed a cooperation agreement, the press service of the Russian company reported on Wednesday.
The average goods and services Consumer Price Index for rural areas in the 12-month period ending November 20, which marks the end of the Iranian month of Aban, reached 7.3% compared with last…
The Iran-Armenia Economic Commission agreed to boost bilateral trade.
The commission, which was co-chaired by Iran’s Energy Minister Hamid Chitchian and Armenian Minister of Energy…
The city of Astrakhan in southern Russia is hosting the Industrial Trade Exhibition of Iran, otherwise known as “Iran Project”.
The event opened on Wednesday and will run until December 9…
Telecommunications devices account for up to 12% of all the goods smuggled into Iran, says the head of Tehran’s Telecoms Guild, adding that the smuggling of cellphones alone stands at $2 billion…
The length of Iran’s double-tracked railroads will reach 1,300 kilometers by the end of Hassan Rouhani’s presidency, says newly-appointed CEO of the Islamic Republic of Iran Railways, Saeed…
Iran Privatization Organization will reoffer 16.75% equity stake of Esfahan Steel Company on the over-the-counter Iran Fara Bourse on December 19.
The block sale comprises 1.31 billion…
Trading has picked up on Tehran Stock Exchange despite its flat performance so far this year, according to TSE’s chief executive.
“Returns are not the only criteria for reviewing the stock…
Iran’s Foreign Minister Mohammad Javad Zarif arrived in Tokyo on the last leg of his three-nation tour of Asia on Tuesday night.
On Wednesday, he attended Japan-Iran Business Forum at the…
One-fifth of the companies listed on Tehran Stock Exchange raised equity this year.
One-hundred and four of the 506 companies listed on TSE have increased their capital during the first…
Iranian Mines and Mining Industries Development and Renovation Organization in cooperation with the Geological Survey of Iran plans to survey the country’s mineral-rich zones to design maps on a 1…
Tehran Stock Exchange’s main index gained 511.10 points or 0.63% to end Wednesday trade at a nine-month high of 81,341.6.
More than 1.2 billion shares valued at $93.2 million changed hands…
Renault’s latest crossover vehicle to enter Iran, the new version of the Koleos, is estimated to cost 2 billion rials ($51,800) according to local Renault importer, Negin Khodro.
The Renault-Nissan Alliance is replacing its top executive in charge of combining the carmakers’ engines and gearboxes, as tightening emissions regulations expose the slow pace of integration so…
PSA Group (Peugeot & Citroen) has agreed to invest $320 million in Argentina with the aim of creating a new line up of vehicles for the South American market.
PSA is pushing ahead with…
The Oil Ministry has approved a proposal by the Industrial and Commercial Bank of China for financing the development of Mehran Petrochemical Complex in Ilam Province, said a local official hoping…
They may not be dead, but the Airbus and Boeing commercial aircraft deals struck this year with Iran likely will remain unresolved orders well into 2017 now that US lawmakers have fired their…
The 20th Asia-Pacific Central Securities Depository Group’s General Meeting dubbed ACG20 opened in Tehran on Tuesday. Organized by the Central Securities Depository of Iran, the event was attended…
