News

  • Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal.
  • Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.
  • Bank Loans Up 16%
    Wednesday 21 June 2017
    Iranian banks doled out loans worth 569.7 trillion rials ($15.1 billion) to economic sectors during the first two months of the new Iranian year (ended May 21), registering a growth of 16% compared with the same period of the previous year.
  • Minister of Economy and Finance Ali Tayebnia and President of South Korean Export-Import Bank (Exim Bank) Lee Duk-Hoon agreed to allocate an 8-billion-euro credit line between the two countries.
  • The parliament has approved a bill allowing the government to take out $1.5 billion from the National Development Fund of Iran (NDF) for creating jobs in rural and nomadic areas in the current fiscal year (March 2017-18), legislator Gholamreza Kateb was quoted as saying by IRNA on Monday.
  • Tehran Stock Exchange (TSE) was the world’s fourth fastest-growing stock exchange, according to a study carried out by TSE analysts who monitored the benchmarks of 17 global exchanges from March 18 to June 14.
  • Gold Coin Continues Rally
    Monday 19 June 2017
    Emami gold coin kept surging in Tehran’s market on Sunday after registering a three-month record high the day before.
  • Tehran Stock Exchange’s main index lost 294.60 points or 0.37% to end Sunday trade at 78,990.4.
  • Iran GDP Growth 12.5%
    Monday 19 June 2017
    Iran economy grew 12.5% in March 2016-17 compared to the preceding year, according to the Central Bank of Iran's latest report released on Sunday.
  • The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit Institution depositors and has guaranteed to pay another 22 trillion rials ($586.6 million) in the future for the merged institution, the CBI governor said.