Economy

The parliament has invited the Central Bank of Iran governor, Valiollah Seif, to brief them on Wednesday on the country’s relations with the Financial Action Task Force (FATF), Tasnim News Agency…

Banks in Iran can again conduct cross-border transactions with international counterparts, thanks to the withdrawal of international sanctions in January.

Tehran Stock Exchange’s benchmark index shed 332.50 points or 0.45% to end Saturday trade at 73,716.6.

More than 588 million shares valued at $51.6 million were traded for the day.

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Iran Fara Bourse has now become an affiliate member of World Federation of Exchanges. The membership comes as Iran’s two other exchanges Tehran Stock Exchange and Iran Mercantile Exchange recently…

While stock markets in Tehran are going through a lull of activity, companies are preparing for the Ninth International Exhibition of Exchange, Bank and Insurance, also known as FINEX 2016, which…

Iran’s iodine production sector has grown at a fast pace.

In less than a decade, the country has not only become self-sufficient in iodine production, but it has also increasingly embarked…

US-based media outlet KGOU’s World Views recently interviewed Iranian-American financial advisor, Hamid Biglari, on Iran’s economy after the lifting of nuclear sanctions.

Biglari serves as…

More than 230,000 head of light livestock (sheep and goats) were exported to the Persian Gulf littoral states during the first two months of the current Iranian year (March 20-May 20), indicating…

About 246,000 tons of watermelon worth over $36 million were exported from Iran during the first three months of the current Iranian year (March 20-May 20), which shows a decline of 0.8% and 27%…

Iranian officials, including Deputy Minister of Roads and Urban Development Pirouz Hanachi, are scheduled to attend the upcoming World Cities Summit in Singapore.  WCS is an exclusive and…

President of Italy’s Marche Region Luca Ceriscioli will lead a trade mission comprised of representatives of 41 small- and medium-sized enterprises on a five-day Iran tour. Their visit is…

Some 60% of the cut flowers produced in Iran are in excess of demand, according to the head of Iran Florists Union.

“The domestic flower market is in a slump,” Akbar Shahrokhi was also…

Iran exported $27.6 million worth of commodities to the United States during the first five months of 2016, according to the US Census Department.

No exports were registered from Iran to US…

Uzbekistan hosted the annual summit of Shanghai Cooperation Organization on June 23-24.

New regulations have been communicated to carmakers and vehicle importers in regards with the cap of payments for the presale of vehicles. Carmakers and vehicle importers have been forbidden from…

A total of 10,000 vehicles worth $255 million were imported into the country in the first quarter of the current Iranian year (started March 20).

According to the list of imported cars…

Russian new car sales fell 13% in June to 122,633, the Association of European Businesses said in a report released on Friday.

Registrations for the first six months declined by 14.1% to…

French automaker Renault’s small car Kwid has clocked 150,000 orders since its launch in India last September, playing a key role in boosting the group’s sales in Africa, Middle East and India in…

The government is planning to push again for increasing banks’ capital, the government spokesman, Mohammad Baqer Nowbakht, told state-TV.

Bank Sepah’s branch in Rome has obtained permit from the Bank of Italy for offering all banking services including issuing letters of credit, issuing guarantees in foreign exchange and transacting…

Bank Maskan, specializing housing mortgage, has lowered its fees for issuing repayment guarantees for installment sale contracts from 5% to 2.3%, according to the bank CEO, Mohammad Hashem…

Iran Insurance Company has sent a group of experts to Mahshahr Port in south Iran to determine losses caused by the massive blaze in Bou Ali Sina Petrochemical Complex. IIC is the agent insurance…

President Hassan Rouhani on Tuesday said new regulations related to the salaries of top officials and executives, obliging all government and affiliated bodies to disclose the salaries of their…

Head of the Majlis Research Center has called for expanding ties with the Central Bank of Iran, which he said “would help maximize the efficiency of regulations.”

Iranian steel producers are expected to export close to 5.8 million tons of steel by the end of the current Iranian year (March 2017), says Rasoul Khalifeh-Soltani, the head of Iran Steel…