News

  • A recent survey conducted by the Tehran Chamber of Commerce, Industries, Mines and Agriculture has found that an overwhelming majority of private businesses had a negative perception of Iran's economy in the past few years and predict worsening conditions in the near future.
  • Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a major factor behind the bulging liquidity and the galloping inflation.
  • TEDPIX up 90% since March
    Saturday 20 October 2018
    Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 86,639 points or 90 percent since the beginning of current Iranian calendar year (March 21, 2018), Mehr news agency reported on Friday.
  • Iranian crude oil and condensate exports averaged 2.2 million barrels per day (bpd) in the first two weeks of October, an increase of 195,618 bpd over the full month of September, Kallanish Energy reports.
  • In a meeting with managing director of Aras Free Zone on Tuesday during his visit to the region, he put the economic exchanges of the two countries at $800 million, saying that grounds are prepared for raising the figure to one billion dollars.
  • President Hassan Rouhani’s Cabinet approved plans on Sunday to cut down the government's unnecessary expenses.
  • Executive secretary of the global anti-money laundering body the Financial Action Task Force believes that Iran's removal from the list of non-cooperative jurisdictions would help the country develop its financial ties with the world regardless of the US sanctions.
  • External debt down 8%
    Monday 15 October 2018
    According to the newest data released by the Central Bank of Iran (CBI), Iran’s debts to foreign lenders in the end of the fifth Iranian month of Mordad (August 22, 2018) stood at $10.405 billion, showing eight percent decrease in comparison with announced figure in the first Iranian calendar month of Farvardin (March 21- April 20, 2018), IRIB reported on Sunday.
  • Another jittery and volatile day for Tehran stocks turned into a frenzy of selling on Saturday as investor sentiment was battered by bearish commodity prices and heavy losses for global markets during the past week.
  • Iran’s non-oil exports to Europe during the first half of the present Iranian calendar year 1397 (March 21- September 22) increased by 112.9 percent in terms of weight and 26.33 percent in terms of value, IRNA reported according to the latest data released by Islamic Republic of Iran Customs Administration (IRICA).