The 10th batch of Islamic Treasury Bills, worth 15 trillion rials ($418 million at market exchange rates), will open for secondary trading this week.
The eighth session of Iran-Malaysia Economic Commission will be held next spring in Tehran, said Minister of Communications and Information Technology Mahmoud Vaezi after his meeting with…
About 450,000 tons of oilseeds, including colza, soybean, sunflower, sesame and safflower, will be produced from 300,000 hectares of fields under cultivation by the end of the current crop year,…
Iran exported 69,371 tons of dates worth $79.63 million to 69 countries during the first half of the current Iranian year (started March 20). The figure shows a decline of 5.81% and 25.63% in…
Canada’s trade minister said on Saturday it was up to the European Union to save a free trade deal, CETA, that is being blocked by opposition from Belgium’s French-speaking region before it is due…
The UK economy appears to be weathering Brexit better than many expected, but it’s still heading for its weakest performance in a year. After a 0.7% expansion in the second quarter, economists in…
Fitch Ratings has upgraded Cyprus’ long-term foreign and local currency Issue Default Ratings by one notch to BB- from B+, the agency announced on Friday.
The Pakistan People’s Party launched an attack on the government’s economic track record, saying the country is in the midst of an ‘economic crunch’, APP reported.
The Ibovespa headed for its third consecutive weekly gain as raw-materials producers rallied, Bloomberg reported. A gauge of commodities producers was the best-performing sector on the MSCI Brazil…
Turkey’s economy has overcome cyclical challenges emanating from regional and in-house political developments, the Turkish economy minister has said, vowing to implement the world’s most assertive…
The International Monetary Fund has urged Persian Gulf Arab statess (Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman) to make greater progress toward more diversified, dynamic, private-…
Financial technology, or fintech, has reached a tipping point. A growing number of financial institutions are becoming more aware of the many benefits of technology, from convenient services to…
Bank Saderat Iran and the Iran Marine Fund have signed a memorandum of cooperation according to which the bank will provide loans to marine industries.
The agreement, which took place…
The board of trustees of the National Development Fund of Iran (NDFI) cut interest rates on rial loans that will be allocated to exporters. The export loan interest rates were brought down to 11%…
The Central Bank of Iran has clarified the lawful framework for the operation of fintech companies, though policymakers could well reverse the trend.
The much-anticipated banking bill which takes on major reforms in the key sector will be finalized in the parliament before the current fiscal year is out in March 2017, the head of the Majlis…
Despite recent improvement in oil prices and the adoption of consolidation measures, projected fiscal deficits of (Persian) Gulf Cooperation Council countries remain large in both the short and…
Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish…
Iranian petrochemical companies continue to be affected by difficulties in obtaining letters of credits, a source at a local petrochemical company said on the sidelines of the “K 2016” trade fair…
A deputy oil minister said on Saturday that oil cooperation between Iran and Germany’s Deutsche Bank has resumed.
According to Amirhossein Zamaninia, negotiations are being held also with…
Tehran and Kuala Lumpur have converging interests in boosting ties in Iran's petroleum sector, Oil Minister Bijan Namdar Zanganeh said on Saturday, underlining oil trade as a positive step to…
Iran's longest power transmission line with a capacity of 400 kilovolts is planned to be officially launched on Oct. 23 in Arak, Markazi Province, in the presence of President Hassan Rouhani and…
The online phase of the eighth round of the National Population and Housing Census ended at 12 a.m. on October 21 with close to 11.1 million households or 37.2 million people having registered…
Expanding cities and warming climate in the Iranian plateau have boosted demand for air conditioners in the Iranian market.
A significant increase in prices for imported hot rolled coils is observed in Iran amid the general upward trend in the global market.
Local customers, however, prefer to take a wait-and-…
