The minister of agricultural Jihad has criticized banks for not providing loans to farmers. Mahmoud Hojjati said banks were supposed to allocate 25% of their lending to agriculture, but they met…
Economy
Economy
President Hassan Rouhani sent the bill for Iran’s membership in Asian Infrastructure Investment Bank to the Majlis.
Parliament will review the government’s proposal for purchasing 15,808…
Economy
Iranian lenders have to upgrade their standards in order to be able to operate overseas in the post-sanctions era, said Ali Divandari, head of Monetary and Banking Research Institute. The research…
Economy
An independent central bank is instrumental to economic growth and stability, said Hussein Ghazavi, the newly-appointed deputy minister of economy for banking and insurance affairs. …
Economy
The Ministry of Roads and Urban Development says its housing loans will not contribute to the rate of inflation.
Deputy minister, Hamed Mazaherian, on Saturday elaborated on the government’…
Economy
Tehran Stock Exchange started the week in red as the main index TEDPIX lost 413.30 points or 0.67% to descend to 61,734.4.
Over 421 million shares valued at more than $35.9 million were…
Economy
Iranian Privatization Organization sold 13.2 trillion rials (about $360 million) worth of government-owned stocks from the start of the Iranian year (March 21) until December 5. The IPO offered 88…
Economy
Iran Mercantile Exchange’s agricultural trading board witnessed the supply of 11,203 tons of corn, 2,500 tons of dates, 4,000 tons of durum wheat, 100 tons of white sugar, 500 tons of unprocessed…
Economy
Islamic Treasury Bill trading hit a record on Wednesday, as trade volume for the newly-debuted bill exceeded 56 billion rials ($1.54 million at market exchange rate) for the first time, which is a…
Economy
Iran hopes to raise hundreds of billions of dollars needed to repair its sanctions-hit economy, but first it must win over global investors.
Economy
The government will increase its spending in next year's budget [new Iranian fiscal year starts March 20, 2016], says Economy Minister Ali Tayebnia. Most of the increase will come from capital…
Economy
The president’s senior economic advisor published a note last week that highlighted “11 super challenges” in Iran’s path to sustainable economic growth and stable single-digit inflation—a target…
Economy
The nuclear deal clinched between Iran and world powers is no silver bullet for improving trade ties between Iran and Turkmenistan, said Deputy Economy Minister Mohammad Khazaei in a forum…
Economy
Decades of economic restrictions have strained Iran’s ability to finance its growth and to trade with the world. Now this market of 80 million is ready for–and can afford–everything from airplane…
Economy
Some 1.6 million tons of goods, namely 1.4 million tons of non-oil products and 200,000 tons of oil commodities, were handled at Kish Port from March to October, Mohammad Jahanshahi-Nasab, the…
Economy
Iran and Azerbaijan are scheduled to hold the next meeting of their joint economic commission in Iran this week. The upcoming meeting will be held in two sessions during December 22-23: one in the…
Economy
The completion of Iran’s Integrated Tax System and direct taxation plan, creation of financial transparency and nurturing of tax culture as well as the overhaul of Value Added Tax Law top Iran’s…
Economy
The current share of compressed natural gas in the national fuel basket is more than 23%, that is, gas comprises almost a quarter of all transport fuel consumed in Iran.
Economy
French car manufacturer Renault has announced that the company exported 8,050 cars to Iran in November 2015.
According to Tasnim News Agency, a year-on-year comparison shows a…
Economy
Starting in the second half of 2016, Iran’s second largest auto manufacturing company, SAIPA, will start the production of five models in Algeria, said Mehdi Jamali, the company’s CEO.
The…
Economy
The auto loans helped jumpstart the auto part manufacturing industry, said a member of Iran’s Auto Part Manufacturers Association. Last month, the auto part industry made a fresh start and the…
Economy
Russia may cut or cancel import duties on agricultural produce, mainly vegetables and fruits, from Iran, Economy Minister Alexei Ulyukayev was quoted as saying by the ministry's press service on…
Economy
Central Bank of Iran will soon reduce up to 3% of banks’ reserve requirement based on their recent performance and increase the reserve requirements of unruly banks as a punitive measure.
Economy
Central Bank of Iran released the details of the credit card scheme on Wednesday. According to CBI’s website, the new cards will be valid only for purchasing home appliances made by domestic…
Economy
Asian banks are expected to be among the first institutions to venture into Iran once sanctions are eased, with western financial players remaining cautious for now, banking officials said on…
Economy
