Economy

Four special committees are pursuing the liquidation of the last remaining illegal credit institutions and their main task is to identify the assets of these entities for auction, a deputy…

Bangladesh Bank Governor Fazle Kabir has been elected the rotating president of Islamic Financial Services Board, the international body setting standards and offering guidance for Islamic…

Out of 44 selected industrial and mineral products surveyed by the Ministry of Industries, Mining and Trade, the production of 31 items experienced growth and 13 others saw a decline during the…

The Social Security Organization, Iran’s largest pension fund, plans to allocate 6,000 billion rials ($142.85 million) in cheap loans and affordable housing to its pensioners in the current year…

A total of 3.6 trillion rials ($85.71 million) were collected in Zakat last year (March 2017-18) and the sum is estimated to increase to 4 trillion rials ($95.23 million) this year, Seyyed Reza…

Tehran-North Railroad feasibility project has gotten underway and is estimated to take at least two years, Mazandaran Governor General Mohammad Eslami said on Monday.

Iran traded $1.08 billion worth of non-oil goods with Thailand during the last Iranian year (ended March 20, 2018)–53.17% more compared to the year before, making the Southeast Asian country…

Ports and Maritime Organization of Iran has moderated prices for the port services it offers as of May 5, the deputy head of the organization said.

Ports and Maritime Bureau of Bushehr Province has formed a special committee to address challenges hindering expansion of trade between Qatar and the Iranian province, the caretaker of the state…

Iran’s commercial attaché to Iraq, Nasser Behzad believes many economic players who are interested in making investments and conducting business activities outside Iran do not have accurate…

Tehran Stock Exchange’s main index gained 316.02 points or 0.34% on Monday compared to the day before to end trade at 93,165.9.

About 870 million shares valued at $62.91 million changed…

During a public event, President Hassan Rouhani on Monday morning officially inaugurated a major subway line intersection in the holy city of Mashhad.

Ford Motor Co. wants to convert an infamous symbol of Detroit’s long, sad decline—a rotting train station that towers over the city’s oldest neighborhood—into a beacon for the automaker’s…

The Ministry of Roads and Urban Development is upbeat about buttressing the signs of recovery in Iran’s housing sector during the current fiscal year (started March 21), but also concedes that…

Iran has so far witnessed a capital flight exceeding $2.5 billion in the form of cryptocurrency purchases, the head of Majlis Economic Commission said.

The government is committed to meeting all hard currency needs, including the ones that exceed the current caps devised in the wake of the foreign exchange rate unification implemented last…

The Central Bank of Iran has delayed until September the implementation of a new scheme to streamline its check-processing system to give banks more time to adapt, a central bank official said.…

From airplanes to oilfields, billions of dollars are on the line for international corporations, as US President Donald Trump weighs whether to pull America out of Iran’s nuclear deal with world…

Tehran Stock Exchange’s main index lost 250.67 points or 0.27% on Sunday compared to the day before to end trade at 92,849.9.

About 1.1 billion shares valued at $84.1 million changed…

Iran’s small- and medium-sized enterprises saw a 28% year-on-year increase in the value of investment guarantees issued for them in the last fiscal year (March 21, 2017-18), according to the…

Two iron ore processing plants were inaugurated on Sunday in a ceremony attended by President Hassan Rouhani and Minister of Industries, Mining and Trade Mohammad Shariatmadari.

The…

Tea processing factories have bought about 9,700 tons of fresh tea leaves worth 260 billion rials (more than $6.19 million) from farmers in northern Iran following the spring harvest of the crop…

Securities and Exchange Organization of Iran, which has lately joined IOSCO, the regulatory body of Iranian capital market, made an announcement on April 18 regarding asset management companies…

Public institutions were meant to enter a “glass room”, a proverbial room where everything was transparent: budget figures, executive salaries and contracts. 

This was a pledge…

More than 2,779 tons of flasks worth close to 3 billion rials ($6.21 million) were imported in the last Iranian year (March 2017-18), according to data released by the Islamic Republic of Iran…