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August 24, 2025
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  • World Economy
    China Q3 GDP Growth Steady at 6.7 Percent
    October 19,2016

    China's economy has managed a curiously singular feat for any country: Growing a steady rate of 6.7% for the third quarter in a row.

    "It's definitely unusual in an international context,"…

    news
  • World Economy
    Libya Economy on Verge of Collapse
    October 19,2016

    Libya’s economy is on the verge of collapse, the World Bank has warned.

    “The Libyan economy is near collapse as political stalemate and civil conflict prevent it from fully exploiting its…

    news
  • Economy, Business And Markets
    Mobile Phone Payment
    October 19,2016

    Mobile Telecommunications Company of Iran (locally known as Hamrahe Aval) and Informatics Services Corporation–affiliated to the Central Bank of Iran–announced a partnership on Monday to…

    news
  • Economy, Business And Markets
    CBI Says Will Publish Balance Sheet Soon
    October 19,2016

    The Central Bank of Iran in a statement has assured that its unpublished balance sheets will finally be made public soon adding that the delay in its release has nothing to do with the government'…

    news
  • Economy, Business And Markets
    Increase in NIR to Help Curb Banks Risky Ventures
    October 19,2016

    In order to diversify banks’ revenues and increase their non-interest revenue, the Central Bank of Iran has proceeded to increase bank charges, said the director of Central Bank of Iran’s…

    news
  • Economy, Business And Markets
    IMF Forecasts Drop in Iran Debt, Broad Money Growth
    October 19,2016

    The international Monetary Fund’s latest “Regional Outlook" for the Middle East and Central Asia projects the growth of Iran’s broad money at 12.5% and 10.2% in 2016 and  2017 respectively ,…

    news
  • Economy, Domestic Economy
    New Wharf on Kish Island
    October 19,2016

    An under-construction 35,000-ton wharf on Kish Island will become operational by October 2017, says managing director of Kish Free Zone, Ali Asghar Mounesan, “allowing ocean-going vessels to…

    news
  • Economy, Domestic Economy
    Tehran Hosts S. Korean Cosmetics Expo
    October 19,2016

    Nine South Korean cosmetics firms are participating in an exhibition held at Esteghlal International Hotel in Tehran.

    Participants are seeking to expand sales in the Middle East through…

    news
  • Economy, Domestic Economy
    IRICA: Smuggling to Reduce to $6b This Year
    October 19,2016

    Smuggling will see a sharp decline and reach $6 billion by the end of the current Iranian year (March 20, 2017).

    news
  • Domestic Economy
    Optimism Triggers Growth
    October 19,2016

    When the Center for Asia-Pacific Aviation, also known as CAPA, held its first conference in Iran at the end of January 2016, the atmosphere was primarily one of optimism.

    news
  • Economy, Domestic Economy
    Strong Growth in Trade With Japan
    October 19,2016

    Some 1.4 million tons of non-oil goods worth $551.7 million were exported to Japan during the first half of the current Iranian year (started March 20). The export value for last year’s…

    news
  • Economy, Business And Markets
    Census Enters Door-to-Door Phase
    October 19,2016

    The door-to-door phase of the eighth round of the National Population and Housing Census began on Wednesday. This is while the online registration phase has also been extended until October 21 due…

    news
  • Economy, Business And Markets
    Crude Steel Output Rises
    October 19,2016

    Iranian steel mills produced 13.09 million tons of crude steel during the nine months of 2016, registering a 7% growth compared with last year’s corresponding period, according to a preliminary…

    news
  • Economy, Business And Markets
    ArcelorMittal Plans to Boost Sales to Iran
    October 19,2016

    Luxembourg-based multinational steel manufacturing corporation ArcelorMittal plans to increase steel products shipments from its Kazakhstan mill to Iran by around 56% by 2020, Metal Bulletin—a…

    news
  • Economy, Business And Markets
    TEDPIX Ends Final Weekday 0.3% Higher
    October 19,2016

    Tehran Stock Exchange’s main index gained 242 points or 0.31% to end Wednesday trade at 78,091.5.

    More than 1 billion shares valued at $60.8 million changed hands for the day.

    Rayan…

    news
  • World Economy
    Goldman Sachs Profit Soars 58%
    October 19,2016

    Goldman Sachs Group Inc. reported a 58% jump in third-quarter profit on Tuesday as bond trading rebounded and the Wall Street bank managed to keep a lid on expenses.

    Goldman reported nearly…

    news
  • World Economy
    South Africa Instability Will Hasten Downgrade to Junk
    October 19,2016

    The political instability in the country would make it easy for ratings agencies S&P Global and Fitch to downgrade South Africa to junk status when they announce their decision in December,…

    news
  • World Economy
    Japan Bond Trade Fails
    October 19,2016

    Japan’s 10-year bonds failed to trade Wednesday for the first time that’s happened in more than a year, Bloomberg reported. The benchmark notes hadn’t changed hands as of 4:30 p.m. in Tokyo…

    news
  • World Economy
    IMF: Mideast Economies Need More Gov’t Reforms
    October 19,2016

    Oil-producing Mideast countries are coping with low global oil prices, yet more government reforms are needed, the International Monetary Fund’s chief for the Mideast said as the organization…

    news
  • World Economy
    New Banking Rules Hurt European Lenders
    October 19,2016

    Controversial new rules designed to strengthen the banking sector risk is damaging lenders’ ability to support the economy, the head of the Netherlands’ largest bank by assets said.

    The…

    news
  • World Economy
    UK Public Confidence Punctured
    October 19,2016

    Optimism in Britain’s economic prospects has nosedived amid jitters caused by the tumbling pound and business worries over Brexit, an exclusive poll revealed Wednesday.

    A big increase in…

    news
  • Energy
    Egypt CB Allocates $1.8b for Strategic Goods
    October 19,2016

    Egypt’s central bank has allocated $1.8 billion to ensure six months of reserves in all strategic goods, Supply Minister Mohamed Ali El-Sheikh said on Wednesday, after widespread sugar shortages…

    news
  • Energy
    Japan Traders to Resume Iran Oil Imports
    October 19,2016

    Japanese traders including Marubeni Corp and Sumitomo Corp that stopped buying Iranian oil during sanctions are looking to resume imports, potentially by the yearend, industry sources said.

    news
  • Energy
    Saudi August Oil Output Falls From Record High
    October 19,2016

    Saudi Arabia's crude oil exports in August fell to 7.305 million barrels per day from 7.622 million bpd in July as the world's largest oil exporter pumped less, the kingdom has told an influential…

    news
  • Energy
    Steep Decline in Oil Equipment Production, Exports
    October 19,2016

    A top official in the oil industry warned on Tuesday that Iranian manufacturers of oil and gas equipment are working at almost one-third of their production capacity.

    news

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