When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.
Economy
The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions.
Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency.…
The average age of Iran’s passenger wagons decreased by 22% to 28.5 years in the last fiscal (March 2017-18) from 36.9 years in the previous year, CEO of Raja Railway Transport Company, Mohammad…
A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports.
Tehran Stock Exchange’s main index lost 460.95 points or 0.48% on Wednesday compared to the day before to end trade at 96,287.1.
About 958 million shares valued at $49.36 million changed…
On its heavily-fortified border with the Islamic Republic of Iran, Armenia is developing a new strategy to overcome decades of economic isolation.
However, slightly to the east, on its…
Vehicles that fail to earn a technical inspection certificate and are used for commute can be fined in Iran. The total fines collected in Tehran over the matter amounted to 2.13 billion rials ($…
After meeting with Senegalese President Macky Sall in Dakar, Iran’s Foreign Minister Mohammad Javad Zarif said automotive ties between the two countries will be bolstered.
Accompanied by…
Volkswagen plans to replace CEO Matthias Mueller as the German automaker takes another step to move past the lingering effects of its 2015 diesel emissions scandal, according to sources familiar…
France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon…
A 16-member delegation of Rice Exporters Association of Pakistan has left for Iran to explore trade and investment opportunities in general and enhance rice export to the neighboring country in…
Iran has listed the commodities that should be prioritized for export to neighboring Iraq.
Iran and Uzbekistan are currently in talks to revise or remove import/export tariffs in bilateral trade, a deputy minister of industries, mining and trade said in a joint business forum held in…
More than 3.5 million tons of goods were loaded and unloaded at Kish Port located in the southern Hormozgan Province in the last Iranian year (March 2017-18), which shows a 68% rise compared…
About $2 billion worth of non-oil goods were exported from East Azarbaijan Province during the 11 months to Feb. 19, registering an 8.6% increase compared with last year’s corresponding period,…
The first edition of an international event dubbed “Iran Jobex” is slated to run from April 25 to 28 at Tehran’s International Fairground.
Iran has proposed conducting a project with Russian Railways to electrify a 3,000-kilometer railroad that might cost up to €3 billion ($3.7 billion), the company’s First Deputy CEO Alexander…
Tehran Stock Exchange’s main index lost 372.69 points or 0.38% on Tuesday compared to the day before to end trade at 96,748.
About 759 million shares valued at $27.84 million changed…
A total of 213 mutual and exchange-traded funds in Iran's capital market posted an average return of 17.5% during the previous fiscal year (March 2017-18), data released by Financial Information…
As part of its commitment to improve transparency about its performance, Tehran Municipality unveiled a first-of-its-kind website, Shafaf.tehran.ir, on Tuesday. The website offers viewers a full…
Following news that the US dollar rate has been unified at 42,000 rials, gold prices also went into freefall, although the head of Tehran Gold and Jewelry Union declared that gold coin trade has…
Iran's liquidity exceeded 14.89 quadrillion rials ($354.52 billion) by the end of the 11th month of the previous fiscal year to Feb. 19, latest data released by the Central Bank of Iran show.
The Central Bank of Iran's Governor Valiollah Seif answered heated questions during an appearance in the latest open session of the parliament after the government announced late Monday that it…
Bank Melli Iran, the nation’s biggest bank, is set to issue its first-ever housing bonds soon and experts believe that will lead to a drop in the price of bonds in the over-the-counter Fara Iran…
