Economy

The Securities and Exchange Organization has mandated companies to prepare their financial statements based on International Financial Reporting Standards for the current fiscal year (ends March…

The Iranian Privatization Organization will sell 12 trillion rials ($326 million at market exchange rate) of government-owned stocks this week, Jafar Sobhani, a consultant to the head of IPO, said…

The Export Guarantee Fund of Iran and Brazil’s fund for export guarantee (ABGF) signed an agreement to expand cooperation on information exchange, reinsurance, and coinsurance, aiming to help ease…

The Central Bank of Iran has published its latest report on the economic performance of the country for the six months ending Sep. 21. Although the report lacks important data such as the growth…

After years of isolation left them with outdated practices, banks in Iran are trying to fall in line with international norms of transparency, attract more business and integrate with the global…

The government has sufficient financial resources to implement the long-pending single foreign exchange rate regime, said Kamal Seyyed Ali, head of the Export Guarantee Fund of Iran.

Central Bank of Iran needs more authority to start merging banks, said Ali Divandari, head of the Monetary and Banking Institute.

It is barley planting season and the Agriculture Ministry is planning to increase the area under cultivation of the crop by 50,000 hectares to 1.75 million hectares this year, says Kaveh Khaksar,…

The presentation was as professional as that of a western company.

In its promotional movie clip, the state-owned Islamic Republic of Iran Shipping Lines was shown to be a modern, fully-…

Iran witnessed an 18% hike in the number of passengers using air transport during the seven months to October 21, said deputy minister of roads and urban development, Ali Abedzadeh. There has been…

Iran cannot afford to pay in cash for the order it placed with Airbus, says deputy minister of roads and urban development Asghar Fakhrieh-Kashan.

“We have not held any negotiations over…

Iran exported 876,000 tons of non-oil goods worth $333.5 million to the Republic of Azerbaijan during the seven months ending October 21, which indicates a 112% rise in value compared with last…

Chapman Taylor, a company of British architects, master planners and interior designers, has struck a number of deals in Iran to work on massive shopping center projects.

The practice…

A local Nissan dealership has launched the small crossover Juke in the Iranian market after a delay of months.

Jahan Novin Aria is offering the model in three variants: Skypack, Platinum…

The largest car manufacturer in the Middle East, Iran Khodro, has taken measures to establish a production site in Algeria by launching a joint venture with the African country called IKCO-Algeria…

BYD, under the local dealership of Kermania, will launch their all-new F3 car model by April, according to a new report from a local automotive website.

BYD’s “F3 New” is the latest variant…

Irtoya, the local Toyota rep in Iran, launched a new after-sales and repairs hub in western Tehran on Thursday. The center, located on Azadi Street, is a 5,000-square-meter site and complies with…

President Hassan Rouhani will take the budget for the next fiscal year (starting March 2017) to the parliament in 14 days, the head of Budget and Planning Organization and government spokesman,…

The US dollar was traded at 36,800 rials in markets on Saturday -- a drop of 230 rials compared with the previous day’s close. The currency experienced surges during the last week crossing the…

Lloyd's of London, the British insurance firm, is to send international insurance marketing experts to Iran, to study potentials in the country's free trade zones, said the company’s chief…

A 10-12% annual increase in foreign exchange rates based on the inflation rate is not an anomaly, says a economist.

“Those who insist that currency rates must stay fixed should (also) keep…

A banking official admits a significant rise in the interbank interest rates, but denies reports that put the rates as high as 24%.

“Interbank interest rates have increased from 16% to 21%…

Tehran Stock Exchange’s main index inched up 10.23 points or 0.01% to end Saturday trade at 79,278.60.

More than 678 million shares valued at $41.5 million changed hands for the day.

The rise in steel prices in Iran could speed up significantly this week, although local demand is not strong.

The appreciation of the dollar against the Iranian rial, as well as concerns…

Airbus says it is evaluating the implications of a congressional vote that could block it and Boeing from providing jets to Iran, as a $27 billion order announced in January is at stake.