The Money and Credit Council has tightened supervision over credit institutions, which are mostly operating under permits obtained from non-regulatory bodies.
Economy
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The value of non-oil trade between Iran and the United Arab Emirates reached $17 billion in 2014, making Iran Dubai’s fourth trading partner, according to sources at the UAE Ministry of Finance…
EconomyMore than 386,000 tons of goods worth $139.2 million were exported via the southeastern Sistan-Baluchestan Province in the first quarter of the current Iranian year (started March 21), showing a…
EconomyWatermelon exports fell 40% in the first quarter of the current Iranian Year (started March 21), according to statistics released by Islamic Republic of Iran Customs Administration.
EconomyInfrastructure project financing in Iran will considerably benefit from the lifting of western sanctions imposed against Iran over its nuclear energy program, should a final agreement be…
EconomyIn a meeting between deputy minister of industries, mining and trade and head of Trade Promotion Organization of Iran, Valiollah Afkhamirad, and the Eurasian Economic Union’s minister in charge of…
EconomyRecycling has been a common practice for most of the human history. But the importance of recycling has become more evident over the past century with the growth in population which has raised…
EconomyAchieving an annual production capacity of 40 million tons of crude steel, 1.5 million tons of aluminum and 1.5 million tons of copper is among top priorities in the industrial and mining sectors…
EconomyAfter Tehran Stock Exchange’s main index recorded a new high on Saturday, the TEDPIX retreated 80.7 points or 0.12 percent to end at 65,780.1 on Sunday.
EconomyIran’s fast emerging economy, boasting the most diversified equity market in the region worth nearly $85 billion, is set to unleash part of its untapped potential through the launch of new…
EconomyMineral exports have declined by up to 50% in recent months in view of lower demand caused by price fluctuations and emergence of new suppliers, said secretary of the Association of Producers and…
EconomyAbbas Ardehali at Ronald Reagan UCLA Medical Center successfully conducted the first 50cc SynCardia temporary total artificial heart surgery.
The first recipient, a 44-year-old woman, has…
EconomyThe second Iranian search engine "Parsijoo" (meaning Persian Search) will become fully operational in September, the managerial team of the project said at the 11th meeting of the Strategic…
EconomyHuntkey, a Chinese power supply provider, together with its local distributor, Avang, is expanding in Iran with a number of marketing activities.
Two new signboards have been set up in…
EconomyThe average London commuter spends £44 ($68) a week buying stuff during their daily commute, compared to £36 ($56) a week for the rest of the UK. Commuters, and especially those in London, are…
EconomyIn a meeting with traders of Qazvin Province, an official with the Trade Promotion Organization’s Iraq Affairs Department said: “The time is ripe to expand the export of Iranian products to Iraq…
EconomyAbout 6.5 million tons of non-oil goods worth $3.6 billion were exported via Bushehr Province during the first quarter of the current Iranian year (started March 21), which shows a 22% increase in…
EconomySanctions relief will boost transparency and competition in the Iranian economy, the President’s Chief of Staff Mohammad Nahavandian told a recent meeting of Iran-Italy Chamber of Commerce in…
EconomyFuel accounts for more than 90% of goods smuggled from Iran to other countries, said the head of Iran Customs Administration adding that gold is the smugglers’ favorite commodity when it comes to…
EconomyIranian chicken labeled with Halal brand made its debut in Oman this Ramadan, said the secretary general of Iran-Oman Joint Chamber of Commerce. “Iran has the potential to replace Brazil as one of…
EconomyAverage rental prices in Tehran increased by 10% this Iranian year (started March 21) compared to last year, according to the head of Union of Tehran Real Estate Consultants. “Although there have…
EconomyAfter preliminary mining excavations, pilot production of antimony ingots has been launched in Sefidabeh Antimony Complex, the country’s first antimony manufacturing facility located in the…
EconomyA Russian company is planning to invest $40 million in Andarian Gold Mine in Varzaqan County of East Azarbaijan Province, an official at the provincial Industries, Mining and Trade…
EconomyThe equity market is getting back on track amid dovish signals from the ongoing nuclear talks between Iran and P5+1. Tehran Stock Exchange's benchmark ended at a 46-day high at Saturday's close.…
EconomyIran Fara Bourse benchmark staged a broad rally on Saturday and surged 20.38 points or 2.77 percent to close at 756.58.
As IFB reported, Tehran Oil Refining Company, Hormozgan Steel Company…
Economy