As the Iranian economy opens up for business, regional Islamic banks are likely to benefit most as the country’s banking system is governed by Sharia.
Economy
Head of Central Bank of Iran’s Money Printing Department says no counterfeit paper money has been detected so far.
“The CBI has incorporated countermeasures to detect fake money and the…
A senior banking official believes setting up a debt securities market could create much needed new space for stressed commercial banks in the current challenging economic conditions and rapidly…
Iranian insurance companies paid 35.2 trillion rials ($1.2 billion at the official exchange rate) in claims settlement to policyholders during the first four month of the calendar year (started…
The US dollar continues to rattle the foreign exchange market with gains in the free market. The currency posted a weekly gain against the rial, taking a heavy knock on Monday amid news that the…
Google Inc. is bringing in John Krafcik, the veteran Ford and Hyundai executive, to head its self-driving car program, presenting the clearest sign yet of Google’s broad commercial aspirations for…
Iran's former national car, Paykan—produced for over 40 years, is finally seeing the end of its life as taxis on the roads of the Iranian capital.
The announcement of the upcoming ban was…
Ten automakers have committed to the US government to include automatic emergency braking in all new cars, a step safety advocates say could significantly reduce traffic deaths and injuries.
Not long ago in a meeting held between the officials of Hyundai Motor Company and the Ministry of Industries, Mining and Trade, the South Korean company expressed its willingness to produce cars…
Due to the wide availability of raw material and technology, six Iranian auto glass manufacturing factories are cooperating with domestic carmakers.
A portion of these factories' output is…
Head of Kerman Province’s Walnut Association, Farshad Soltaninejad says frostbite, pests and heavy summer showers have made the situation critical for Iran’s walnut growers. “In case the situation…
Food supplements, dietary supplements and vitamin supplement are all different names of the same product that has found its way into the households’ consumer basket all over the world, including…
More than 28,600 tons of eggs were exported during the first five months of the current Iranian year (started March 21, 2015), indicating a 31% increase compared to last year’s similar period,…
Hormozgan’s palm groves will produce 148,000 tons of dates by the end of the harvest season (October 23, 2015), announced deputy for improvement of plant production at Agricultural Jihad…
More than 1 million tons of oil and non-oil goods were loaded and unloaded in Kish Port during the first five months of the current Iranian year (started March 21), according to director general…
Isfahan Chamber of Commerce, Industries, Mines and Agriculture signed a memorandum of understanding with Ukraine's Kherson and Donetsk provinces on Saturday for cooperation in “Farming Beyond…
While expectations are running high that an end to economic sanctions against Iran and a return of foreign investment will boost stock valuations, economists increasingly point out that another…
Deputy minister of industries, mining and trade, Mehdi Karbasian, says the government is making every effort to stop raw material exports in the steel sector. “The plan is to stop shipping iron…
Iran Mercantile Exchange’s industrial and mining trading floor witnessed the offering of 4,000 tons of copper cathodes priced at 177,217 rials per kg, 3,500 tons of copper wire at the base price…
The hazy economic outlook, coupled with liquidity crisis and uncertainties about listed companies’ performance, dramatically dragged down Tehran Stock Exchange’s benchmark to a three-month low.…
Iran Mercantile Exchange and Tehran Stock Exchange are gradually introducing more futures contracts as the country tries to hedge risks and stabilize the prices of agricultural, industrial and…
The Ministry of Economic Affairs and Finance has outlined a blueprint for banking reforms in a press release Sunday. The news comes after the conservative Tasnim News Agency criticized the…
Long-awaited Unionpay cards are now available in the country as a result of the nuclear agreement between Iran and world powers. The cards are now accepted and card holders can use them for their…
The Export Development Bank of Iran is preparing to return to international markets and help improve the Iranian market for attracting foreign investment after the lifting of sanctions.
There are an estimated a million empty properties in the country, head of the National Tax Administration said at the weekend as reported by the official website of the Ministry of Economic…
