Extended sanctions on the banking industry have brought about negative consequences for the sector, Tahmasb Mazaheri says, the website banker.ir reported.
Economy
Economy
The government should avoid compiling and dictating rules and regulations on behalf of banks and lending institutions, a member of Tehran Chamber of Commerce, Industries and Mines said Wednesday…
Economy
Iranian petrochemical companies are more inclined toward Europe and the United States than China when seeking finance and funds for their projects. Chinese investors reportedly charge exorbitant…
Economy
The goods and services Consumer Price Index for urban areas increased 14.8% in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, compared to the same period…
Economy
The Conference on Finance and Foreign Investment in Iran is due to be held on November 8-9 at Tehran’s Shahid Beheshti University.
Economy
The government is planning to revive cotton farming in the northern Golestan Province, according to the head of Cotton and Oilseeds Department of Golestan’s Agricultural Jihad Organization.
Economy
About 3.4 million tons of apples were produced in the current crop year, indicating a 15% growth compared to last year, says Mojtaba Shadlou, the head of Farmers Union. Shadlou noted that half of…
Economy
Iran has climbed in the World Bank’s “Doing Business” ranking from last year’s 119 to 118 among 189 countries, reported WB’s latest Doing Business report for 2016 released on October 27. Singapore…
Economy
Hand-woven carpet exports to the United States will resume from early 2016, announced the head of Iran National Carpet Center, Hamid Kargar.
Economy
Four new companies have introduced futures contracts on their shares this week.
Stock futures are this year’s innovation in Iran’s equity markets. The Securities and Exchange Organization…
Economy
Tehran Stock Exchange's benchmark inched up 0.70 points or less than 0.01% to end at 62,923.7 on Wednesday's close.
Economy
Iran Mercantile Exchange’s industrial and mining trading board witnessed the offering of 12,000 tons of aluminum oxide by Iran Alumina Company on Wednesday.
Economy
Exploration and exploitation of mineral-rich zones across the country will be handed over to the private sector, says director general of Mineral Exploration Department of Iranian Mines and Mining…
Economy
Ever since the fall of the Soviet Union, which led to Armenia’s independence, Tehran and Yerevan have enjoyed close political and cultural ties.
Nevertheless, according to First Vice…
Economy
Investors are increasingly looking into business opportunities in Iran, as the lifting of economic sanctions from the country nears, the Dubai office of regional law firm Al Tamimi & Company…
Economy
Convoy, a Seattle-based company that presents itself as “Uber for trucking,” has been launched in the US.
The online service and app pairs shippers with available local carriers based on…
Economy
A top Volkswagen executive, Herbert Diess, apologized at the Tokyo Auto Show on Wednesday for the automaker’s emissions-cheating scandal, promising to win back customer trust and said it will…
Economy
General Motors issued a recall on Tuesday for 1.4 million older cars in North America over the risk that they could catch fire from leaking oil.
Economy
A new regulation has called on the Ministry of Industries, Mining and Trade and Iranian National Standards Organization to prepare a list of auto parts certified by INSO.
The two bodies…
Economy
Iranian students at Sharif University of Technology ranked first in the 9th round of IEEEXtreme 24-Hour Programming Competition.
The user called "TeamName" scored 2,296.48 respectively and…
Economy
Kerman Motors, producer of Chinese vehicles in Iran, has announced it will be offering special monthly payment options for the JAC J5 hatchback and sedan models, according to Eghtesadonline.com.…
Economy
China-based company Xiaomi announced its first two-wheel-self-balancing scooter called Ninebot Mini in collaboration with Segway. It cost only RMB1,999 ($314/1 million rials), which is 70% cheaper…
Economy
The Central Bank of Iran is not yet done with lower interest rates and may announce further cuts, CBI governor, Valiollah Seif, said in a statement.
Economy
Lawmakers have cast doubt on the effectiveness of the long-awaited banking reform bill that the government intends to submit to the legislature by the end of the month, Sarmad news website…
Economy
Most Iranian banks will be able to reconnect to the SWIFT financial-transactions system, a key to rekindling foreign trade, once Iran’s nuclear-related measures have been verified, SWIFT said on…
Economy
