State-owned banks have jointly sent a letter to the Central Bank of Iran (CBI) calling for an official decision about cuts in interest rates, said a senior banking official on Monday.
The…
Economy
Last week’s nuclear agreement between Iran and the major powers will create an enabling environment for the banking operations in the next three months, a banker has predicted.
“Banks…
Three new insurance companies are set to start operating in the year that started March 21, said Mohammad Ebrahim Amin, director of Central Insurance of Iran (CII), the primary insurance regulator…
As hot debates over Iran’s post-sanction economy continue a university lecturer has speculated that the US dollar may plunge further to as low as 26,000 rials because supply seems to be increasing…
The industry and mining sectors managed to attract more than 907 trillion rials of banking facilities during the first 11 months of the past Iranian year (ended March 20), based on a report issued…
Around 18,216 tons of various polymers from local petrochemical complexes were offered in a bustling day in Iran Mercantile Exchange’s oil and petrochemical trading floor on Monday, IME’s public…
Vast exploration operations have resulted in the discovery of more than 250 million metric tons of iron ore reserves as well as 150 million tons of coal; Fooladnews cited chairman of the Iranian…
The head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) says a “comprehensive coal plan” will be formulated in the current Iranian calendar year (started…
The chinaware industry in Iran is experiencing hard times as almost 60 percent of active chinaware manufacturing units have been forced to close down in recent years due to decline in demand in…
The latest report released by the Central Bank of Iran (CBI) estimates economic growth of 2.8 percent, including the oil sector, and 2.5 percent, excluding the oil sector, during the third…
Government revenues during the third quarter of the past Iranian calendar year (September 23- December 21, 2014) stood at 230,173 billion rials ($8.22 billion at official exchange rate), while the…
The Central Bank of Iran (CBI) report for the third quarter of the last Iranian calendar year (September 23- December 21, 2014) indicates an unemployment rate of 10.5 percent during the period,…
Member of Parliament’s Agricultural Commission, Mohamamd-Mehdi Boroumandi on Sunday criticized the excessive imports of sugar, warning about multiple difficulties faced by sugarcane farmers and…
The volume of trade between Iran and Iraq has exceeded $12 billion and the figure is expected to hit $25 billion, said Hassan Danaeifar, Iran’s ambassador to Iraq.
Trade with Saudi Arabia has been made difficult as the Arab country has imposed several restrictive measures against Iranian businessmen, including lengthy visa issuance procedures, Ebrahim Jamili…
A commercial delegation from the Czech Republic is scheduled to pay a three-day visit to Tehran next week to scope out possible investment opportunities in Iran, Mehr news agency reported on…
Parliament ratified allocation of $300 million from the National Development fund of Iran's (NDFI) resources to the Innovation and Prosperity Fund, Behzad Soltani, head of the IPF, said in a news…
Apple's upcoming wearable technology called the Apple Watch has hit a snag in its roll out across Europe according to GSM Arena on Sunday. Apple is allegedly facing a intellectual property issue…
In the first 24 hours of the new Iranian year (started March 21), people around the country sent 1.16 billion text messages on the largest mobile network operator MCI (Hamra-e-Aval), the company's…
Minister of Communications and Information Technology Mahmoud Vaezi has called for the improvement of the performance and speed of internet connections in the country this year (started March…
German companies are hoping to win billions of euros worth of business from Iran after world powers reached a preliminary nuclear accord with Tehran, and Germany’s engineering body urged banks to…
The framework agreement between Iran and five permanent members of the UN Security Council plus Germany (P5+1) will take time to finalize, and the sanctions will roll back in due course, but…
Banks will have to engage in more widespread activities and prepare for a more effective presence on an international scale, said Central Bank of Iran’s (CBI) governor Valiollah Seif.
His…
Higher offtake of goods from the United Arab Emirates to Iran will depend on the stance of UAE banks on opening letters of credit, say trade sources, as last week nuclear deal between Iran and…
A business delegation from India led by Indian deputy minister of commerce and industry, Rajeev Kher, traveled to Iran on Saturday to discuss resumption of rice exports to Iran,…
