The research arm of the Iranian Parliament has published a first-of-its-kind report detailing six reasons why the Banking Reform Bill–a scheme for undertaking major reforms in the banking sector–…
Economy
The state commission for infrastructure-related affairs has approved the annual construction of 100,000 housing units for low-income groups in the framework of Social Housing Plan, announced the…
The Office of Vice President for Science and Technology Affairs will send the final version of “financial framework of knowledge-based economy” to the government by December 21, in which fintech…
Bank Melli Iran has launched an online platform that allows passengers to pay departure tax. According to Masoud Khatouni, director of CBI’s IT department, currently the platform can be used only…
Russia and Iran are exploring the establishment of an Islamic bank as the two countries expand economic cooperation, TASS news agency cited Russian Energy Minister Alexander Novak as saying.
The investment of industries in sports may seem like a perfect solution for the problems facing football clubs, but in Iran the policy outcome shows otherwise.
National football clubs,…
Iran imports around $141 million worth of furniture every year while exports are minimal, said the deputy minister of industries, mining and trade. Ali Yazdani made the statement at the Ninth…
Iranian airlines have expressed interest in buying Russian Sukhoi Superjet 100 passenger jets.
Iran exported close to 1.8 million tons of non-oil goods valued at $707 million to Japan during the eight months to November 20. The value of exports in last year’s corresponding period stood at…
Having produced nothing but halal food for a few decades, Iran has vast potential for exports, though it holds a negligible share in the massive international halal market.
The Iranian Mines & Mining Industries Development & Renovation has signed an accord with a German company for setting up a graphite electrodes plant in Yazd Province, central Iran.
The Fifth National Economic Development Plan (2011-15) stipulated that Iran should have become the first regional hub in cargo transportation and the second in passenger transport.
This…
The Iranian judiciary may spare the life of oil tycoon Babak Zanjani. This was a story that sparsely grabbed the headlines in the local media this week.
Tehran Stock Exchange’s main index inched down 57.60 points or 0.07% to end Wednesday trade at 80,683.6.
Over 965 million shares valued at $61.7 million changed hands for the day.
…
Google has reportedly shelved its long-standing plan to develop its own autonomous vehicle in favor of pursuing partnerships with existing carmakers.
Data released by the Islamic Republic of Iran Custom Administration shows auto exports were meager during the first eight months of the current fiscal year (started March 2016).
Shanghai-based SAIC Motor Corporation, which produces Roewe and MG vehicles, plans to introduce three hybrid vehicles to the Iranian market at the Tehran Auto Show in February, which will be…
China will extend a tax cut on small-engine vehicles to 2017, rather than allowing it to expire at year’s end as planned, two sources with knowledge of the matter told Reuters on December 14. It…
Russian agency for export credit and investment insurance, EXIAR, signed an agreement each with Bank Pasargad Iran and Parsian Bank on the sidelines of the 13th meeting of Iran-Russia Economic…
The Central Bank of Iran has unveiled a roadmap revolving around three goals to achieve long-term targets envisioned by Resistance Economy, announced the bank's governor.
Transactions between Iranian and Swiss banks have totaled $8 billion since the lifting of the sanctions nearly a year ago, said Mohammad Nahavandian, President Hassan Rouhani's chief of staff.
Bank Melli Iran has issued 3,100 forex payment orders valued at $1 billion during the eight-month period ending November 20 for trading with other countries, said the bank’s chief executive. “BMI…
President Hassan Rouhani’s government does not want foreign exchange rates to surge against the rial, as it would not be in its favor, the administration’s spokesman said.
“The official…
About $8.8 million worth of mushrooms were exported in the last Iranian year (March 2015-16), indicating a 57% increase compared with a year before.
The Persian daily Forsat-e-Emrouz cited…
The cosmetics and personal hygiene products manufacturing sector accounts for 14% of the employment in Iran’s industries, according to Mehdi Sadeqi Niyaraki, an official with the Ministry of…
