News

  • Tehran Stock Exchange’s main index gained 192.20 points or 0.24% to end Sunday trade at 80,863.0.
  • While some economic experts and bank managers believe that the impact of banks' reserve requirements has waned over time and its ratio should gradually reduce, the director of Central Bank of Iran's Credit Department opposes the idea.
  • No Trade with Saudis
    Monday 24 July 2017
    At present there is no trade between Iran and Saudi Arabia, the head of Trade Promotion Organization of Iran said.
  • Total and other consortium members will not be facing any banking problems in their gas deal recently signed with Iran, Oil Minister Bijan Namdar Zanganeh told IRNA on Saturday.
  • Iranian and South Korean private companies signed a sum of 10 memoranda of understanding (MoU) on cooperation in the field of transferring technological know-how.
  • Tehran Stock Exchange’s main index gained 508.30 points or 0.63% to end Saturday trade at 80,670.8.
  • The Central Bank of Iran is ready to provide a competitive environment when it comes to banks’ information technology, CBI’s governor announced at the inauguration ceremony for CBI’s newly-appointed deputy for IT Department on Tuesday.
  • OPEC Output Rising in July
    Sunday 23 July 2017
    OPEC’s crude oil production is expected to increase by another 145,000 barrels per day in July over June, driven by higher production in Saudi Arabia, Nigeria and the UAE, a company which tracks OPEC supply forecast on Friday, indicating lower compliance with a pact to reduce production.
  • Head Trade Promotion Organization of Iran Mojtaba Khosrotaj says German and French firms are ready to launch chain stores in Iran.
  • Top Iranian banking observer stresses that International Financial Reporting Standards (IFRS) need to be gradually put in practice in Iran’s banking system.