Governor of the Central Bank of Iran has provided further details about the new Forex Deals Integrated System, noting that it will reposition banks as the main market player, promote…
Economy
Tehran Stock Exchange’s main index lost 257.93 points or 0.27% on Saturday compared to the day before to end trade at 95,265.9.
About 552 million shares valued at $35.22 million changed…
Iraqi Acting Minister of Industry and Minerals Mohammad Shia al-Sudani and Iranian Defense Minister Amir Hatami signed a cooperation agreement on military industrialization in the Iraqi capital…
In its latest report titled “Short Range Outlook for 2018-19”, the World Steel Association (Worldsteel) forecasts that Iranian steel demand will increase by 5.5% to 21.05 million tons by the end…
More than 63.9% of Iranians are willing to purchase locally-made products provided they have satisfactory quality and reasonable prices, a survey conducted by Iranian Students’ Polling Agency…
Around 126,750 tons of lentils worth more than 5.15 trillion rials ($149.2 million) were imported into Iran during the last fiscal year (March 2017-18), figures released by the Islamic Republic…
Iran’s economic interests have not been incorporated in its preferential trade agreement with Turkey and this has had consequences for the Iranian economy, the chairman of Iran Chamber of…
Tabriz International Airport in East Azarbaijan Province registered 15,725 takeoffs and landings in the last fiscal year (ended March 20, 2018), indicating a 6% rise compared to the year before…
Iran traded $3.44 billion worth of non-oil goods with Germany during the last Iranian year (ended March 20, 2018), which was 20.51% more compared to the year before, making the European country…
Allocation of 7 trillion rials ($166.6 million) worth of bonds for completion of Line 7 has helped speed up the construction, Head of Tehran Urban and Suburban Railway Operation Company told…
Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround targets, the works council chief said on Friday, as Opel workers’ rejection of further concessions…
Tesla’s electric car sales will suffer due to increased competition from German automakers, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, citing the…
As a Swedish business delegation met with their Iranian counterparts at the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Wednesday, the ambassador of the Scandinavian nation…
Lawmakers have revised regulations for the ownership of non-governmental banks and credit institutions, which will remove ambiguities surrounding the ownership of these entities in the past.…
Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan that failed to take off.
It is too soon to pass judgment on the administration’s decision to fix the US dollar’s exchange rate at 42,000 rials, the deputy economy minister for banking and insurance said. Abdolrahman…
The government’s total revenues and spending in the last Iranian year (ended March 20, 2018) stood at 3,200 trillion rials ($76.19 billion), registering a 13% rise compared with the year before…
Around 24.45 million passengers were transported by Iran’s railroads in the last Iranian year (March 2017-18), showing a 6.3% rise compared with the previous year, the deputy for passenger…
More than 480 tons of erasers worth over 46.8 billion rials ($1.42 million) were imported into Iran during the 11 months to Feb. 19, based on figures released by the Islamic Republic of Iran…
The heavy frost that set in around a week ago inflicted extensive damage to orchards across 17 Iranian provinces, according to Mohammad Ali Tahmasebi, deputy agricultural minister for…
Iran’s non-oil commercial exchanges with Turkey totaled $7.18 billion in the last Iranian year (March 2017-18), growing by 20.01% compared to the year before, the Islamic Republic of Iran…
About 50 female pilots are to take part in Iran Air’s upcoming recruitment exam, Iran Air’s chief executive said. “Not all of the female applicants are eligible to operate passenger…
Coming out of a relatively good year, Tehran stocks had a tumultuous month ridden with ambiguities in the first month of the new fiscal year, Farvardin (March 21-April 20).
TSE’s main…
A ferrochrome plant with a 60,000-ton per year capacity was inaugurated in Kerman Province’s Rafsanjan Special Economic Zone on Thursday.
Launched in the fiscal 2014-15, the…
Iran’s two major coal production companies had a total output of 675,808 tons of coal concentrates in the last fiscal year (ended March 20, 2018), indicating a 12% rise year-on-year, the Iranian…
