The Central Bank of Iran has established a ‘’Deposit Guarantee Fund’’ to beef up its regulatory watch over monetary and banking operations, said the fund’s executive officer Mohammad Talebi.
Economy
The twofold surge in commercial banks’ debt to the Central Bank of Iran within the last two months prompted the vice governor for economic affairs at the Central Bank of Iran to comment on the…
The Iranian rial took investors on a rollercoaster ride on Tuesday, as Iran and six major world powers reached a nuclear deal, capping more than a decade of negotiations with an agreement that…
To regulate credit and financial institutions, Iran’s police are set to take legal action against the establishment of new branches of uncertified credit institutions across the country, in a move…
Cultivation of ornamental flowers in open fields is a popular agricultural venture in many parts of the world due to the relatively lower costs compared with indoor flower farming.
The Ministry of Industries, Mining and Trade has reduced mining royalties on iron ore mines by 70% depending on the condition of mines.
The equity market’s most systematic risk is retreating as Iran and P5+1 clinched a landmark nuclear deal on Tuesday.
The breakthrough caps more than a decade of on-off negotiations with an…
The recent wide fluctuations of saffron prices have confused both the domestic consumers and traders. The main culprits of such fluctuations are profiteers who try to paint a gloomy picture of…
Following the liberalization of chicken exports, red meat, too, can be exported with no permit requirement from the Ministry of Agriculture until further notice, according to deputy minister of…
More than 3.37 million tons of non-oil goods crossed the country’s borders in the first quarter of the current Iranian year (started March 21), said the director general of Transit and…
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, predicted a maximum economic growth of 0.6% in the current Iranian year (started March 21), noting that many…
Expansion of trade ties with neighboring countries has long been one of the priorities of Trade Promotion Organization of Iran.
The country has fared well in creating trade relations with…
Vegetable oil prices are to increase 6% after two years of price stability, said the Secretary of Association of Vegetable Oil Producers. “Vegetable oil prices will increase based on a new…
The number of trade delegations visiting Iran in the first quarter of the current Iranian year (started March 21) increased by 133% compared to the same period of last year, said Vice President of…
The latest rumors about the upcoming high-end Microsoft Lumia 940 and Microsoft Lumia 940 XL models come from a Dutch website. According to speculation, both models will feature a polycarbonate…
Researchers at a research center affiliated to the University of Social Welfare and Rehabilitation Center have developed a prosthetic hand moved by brain waves and commands.
Farhad…
Samsung Display Inc. is planning to develop the world’s first 11K super-resolution display by working together with industry and education.
The South Korean government is also joining with…
The US dollar fell against the rial on Monday, registering the third consecutive retreat this week, as Iran and the six world powers got closer to clinching a historic nuclear deal that would…
As the Money and Credit Council plans to discuss the idea of decreasing the reserve requirement ratio in a meeting this week, the debate among experts about the effectiveness of the policy on the…
Despite their bad rap as companies without monetary discipline, credit and financial institutions are seeing a surge in popularity. According to a report by Akhbar Bank news website, the wave of…
Saman Bank will convene its general shareholders’ meeting on July 15, Iranian Banker news website reported on Monday.
The bank’s shares have dropped 6% during the past year, as it had to…
Iranian Free Trade Zones have been frequented by a number of ambassadors and representatives from Germany, Canada, China, South Korea, Japan and even countries from Central Asia since the April 2…
After decades of toying with the idea of relocating Iran’s political and bureaucratic capital Tehran in view of its many problems, including high traffic congestion and population density, heavy…
Angouran Lead and Zinc Complex, the largest zinc and lead reserves in the country, is expected to become depleted within the next 12 years, according to the mine’s officials.
Savvy investors lined up to grab devalued shares and snap up bargains as TEDPIX surged 1,548.1 points or 2.29% to settle at 69,194.5 on Monday amid dovish signals from nuclear talks between Iran…
