The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around…
Demands imposed on banks, tough procedural mechanisms plus the worsening economic climate are impeding the sale of excess bank assets rendering the task almost impossible, an economic analyst…
The Executive Board of the Central Bank of Iran said banks can raise the interest rate on certificates of deposit (CDs) up to 23%. Mostafa Qamari Vafa, head of the CBI public relations…
Tehran Stock Exchange's main index, TEDPIX, gained 41,802.36 points or 2.79% on Saturday to end at 1,538,003.22. The TSE equal-weighted index jumped 2.37%. About 12.71 billion shares worth 73.9…
Iran and Kyrgyzstan have discussed cooperation between their customs administrations at a meeting in Bishkek on Dec. 23. Prospects of commercial and economic cooperation were reviewed among…
Trade turnover between Iran and the Economic Cooperation Organization’s member states reached 14.64 million tons worth $11.2 billion during the current Iranian year’s first eight months (March…
Pakistan’s Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar said on Friday Pakistan is committed to increasing trade volume with Iran by removing bottlenecks.
Iran is on the lookout for a fresh wave of Covid-19 pandemic as the head of the Health Ministry’s Center for Infectious Disease Control, Shahnam Arshi, warned that another surge was likely.…
The window of opportunity for reviving the 2015 nuclear deal is open, but will not remain open forever, Iran’s foreign minister said.
Iran launched an extensive shutdown in September in response to protests that drastically limited all digital communication in the country. Its campaigns to slow connectivity and access to…
Iranian steel mills produced a total of 27.9 million tons of crude steel during from the beginning of 2022 until November, registering an 8.5% rise compared with the corresponding period of 2021…
Germany says it’s suspending business promotion programs for Iran, citing the “very serious situation” in the country, referring to recent protests in the Islamic Republic.
Close to $40 million have been allocated to complete water supply projects in Mazandaran Province, including the second phase of a water treatment plant in Babol County, managing director of the…
The project to transfer water from Kanisib Dam to Urmia Lake via a tunnel is near completion and will be launched in February 2023. Costing more than $75 million, the project includes a 36-km…
The National Iranian South Oil Company collects 3.5 million cubic meters of associate petroleum gas per day from Gachsaran and Nargesi oilfields in line with the plan to zero gas flaring in…
The Iranian car market is rife with speculations about the brands and models approved for import, but the ground reality is that the import of 100,000 sedans touted by officials will not…
The Speedtest web service in its latest survey on internet speed worldwide said the speeds of both Iranian fixed and mobile networks have declined in November compared to the previous month.
The Cabinet on Wednesday approved a proposal calling for state-owned banks to raise their capital and enhance lenders' capital adequacy ratio, Economy Minister Ehsan Khandouzi said.
Trade at the Iran Mercantile Exchange (IME) reached 6,937 trillion rials ($18.1 billion) in the first nine months of the calendar year to November 22. This was an all-time high and above the…
The weekly government bond auction held by the Central Bank of Iran barely generated 32.24 trillion rials ($83.7 million) as major buyers stayed away for the fifth week in a row.
Iran’s economy was stuck in a period of low growth, high inflation and volatility, which hurt the economic prospects for millions of Iranians.
Iran’s Consul General Hassan Nourian has said the trade volume between Iran and Pakistan is not satisfactory at $1.5 billion per annum, and both governments were targeting $5 billion, which can…
Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays, as payments snags disrupt flows of goods into the country, according to trade sources and…
Iran’s economy grew by 3% in the first half of the current Iranian year (March 21-Sept. 22) compared with the similar period of last year, the Central Bank of Iran said in a report released on…
Qatar’s Ministry of Transport officials, headed by Acting Assistant Undersecretary for Land Transport Affairs Hamad Essa Abdulla, met with a visiting delegation from Iran’s Ministry of Roads and…
