News

  • The joint commission of the parliament has wrapped up work on the budget bill for the next fiscal year (March 2018-19) and submitted its draft version to the Majlis Presiding Board on Saturday.
  • Iran’s light crude oil price rose $1.69 in the week ended on January 12 to settle at $69.26 per barrel, Shana news agency reported on Saturday.
  • Bitcoin Has Sharia Problem
    Saturday 20 January 2018
    Iranian banking expert says in terms of Sharia and jurisprudence crypto currencies are ambiguous and invalid.
  • Iran’s oil revenue jumps near 50%
    Saturday 20 January 2018
    Iran’s revenues from crude oil and oil products exports reached 536.8 trillion rials (about $12.128 billion) in the first eight months of the current Iranian calendar year (March 21-November 21, 2017) up 49 percent compared to its preceding year’s same period.
  • CBI to Revamp Mobile Banking
    Saturday 20 January 2018
    The Central Bank of Iran is focused on creating new models of payments involving mobile phones and boost the security of existing ones, the head of the bank's Payment Systems Department said.
  • Exports to South Korea up 30%
    Wednesday 17 January 2018
    Iran exported over $3 billion worth of goods to South Korea during the first nine months of the current Iranian calendar year (March 21-December 21, 2017) up 30 percent compared to its preceding year.
  • Iran Privatization Organization, the state-run entity overseeing the sale of state-owned companies, plans to divest the remaining stake of the government in major privatized lenders and thereby make them "completely private", an official with IPO told Financial Tribune.
  • CBI Reveals Iran Economic Growth 4.5%
    Wednesday 17 January 2018
    Central Bank of Iran reported that the economic growth of Iran in the first six months of the current year was 4.5 percent.
  • Petrochemical production in Iran during the first nine months of the current Iranian calendar year (March 21-December 21, 2017) stood at over 39.9 million tons, IRNA reported on Monday citing the data offered by the National Petrochemical Company (NPC).
  • Germany accounts for about 60% of the investments made by European Union states in Iran, the deputy energy minister for international affairs said.