News

  • Iranian Road and Urban Development Minister Abbas Akhundi in a meeting with South Korea's Minister of Land, Infrastructure and Transport Kim Hyun-mee explored development of infrastructural and transportation ties between Tehran and Seoul.
  • CBI, EXIAR ink MOU on financing
    Tuesday 17 October 2017
    Central Bank of Iran (CBI) and Export Insurance Agency of Russia (EXIAR) signed a financing memorandum of understanding (MOU) on Sunday.
  • I ran has shut its border crossings with the Iraqi Kurdistan Region.
  • The government’s payment arrears to the country’s banking system in the month ending Aug. 22–which includes dues to central bank, state-run commercial and specialized banks as well as private lenders–exceeded 2.3 quadrillion rials ($60 billion), marking an increase of 16.7% year-on-year.
  • Iran Budget Deficit Hits $4.5b
    Monday 16 October 2017
    Iran’s budget deficit came in wider than expected in the five months of the current fiscal year (March 21-Aug. 22) and reached 182.7 trillion rials ($4.56 billion), the latest data released by the Central Bank of Iran showed.
  • Tehran Stock Exchange’s main index gained 131.30 points or 0.15% to end Sunday trade at 85,394.9.
  • The World Bank, in its latest “Iran’s Economic Outlook” report, sees stronger growth in 2018-19 as investment growth turns positive and accelerates along with more political and economic stability, following the reelection of President Hassan Rouhani for a second four-year term in May 2017.
  • US President Donald Trump’s Friday speech ended the greenback’s three-week rally in Tehran’s foreign exchange market where the value of the American currency rose to its highest level since December 2016.
  • Iranian Minister of Economic Affairs and Finance Masoud Karbasian said in Washington on Saturday that Iran-Italy agreement for opening banking credit line will be inked in the near future.
  • As the Iranian economy grew remarkably in the last fiscal year (March 2016-17), the Gini coefficient remained the same compared to that of the preceding year, according to the Statistical Center of Iran.