The Instrument in Support of Trade Exchanges, known as INSTEX, a European Union mechanism for financial settlements with Iran, is failing to gain momentum, Russia’s permanent envoy to the EU, Vladimir Chizhov, told Tass news agency on Friday.
“The m…
The Instrument in Support of Trade Exchanges, known as INSTEX, a European Union mechanism for financial settlements with Iran, is failing to gain momentum, Russia’s permanent envoy to the EU, Vladimir Chizhov, told Tass news agency on Friday.
"The mechanism is in place but so far it has not...
Two 2 million barrels of natural gas condensate is on offer at discounted prices in the international ring of the Iran Energy Exchange today (Monday).
Amirhossein Tebianian, the National Iranian Oil Company representative in charge of petroleum pro…
Two 2 million barrels of natural gas condensate is on offer at discounted prices in the international ring of the Iran Energy Exchange today (Monday).
Amirhossein Tebianian, the National Iranian Oil Company representative in charge of petroleum products on IRENEX, says the cargo will be offered...
Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April 20) of the current fiscal year.
Citing data from Shapar…
Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April 20) of the current fiscal year.
Citing data from Shapark, Iran's nationwide payment network, IBENA...
According to data published by the Tehran Stock Exchange, five brokerage firms accounted for more than 27.1% of total trade in the capital market during the first two months (March 21-May 20) of the current fiscal.
Mofid Securities Company was the …
According to data published by the Tehran Stock Exchange, five brokerage firms accounted for more than 27.1% of total trade in the capital market during the first two months (March 21-May 20) of the current fiscal.
Mofid Securities Company was the leading brokerage firm during the period,...
Restrictions on foreign currency trade by authorized exchange bureaus have pushed people towards the black market, chief of the founding board of Association of Bureaux de Change Operators of Iran said.
Asghar Samiei pointed to directives of the Ce…
Restrictions on foreign currency trade by authorized exchange bureaus have pushed people towards the black market, chief of the founding board of Association of Bureaux de Change Operators of Iran said.
Asghar Samiei pointed to directives of the Central Bank of Iran that allows certificated...
Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks of political bickering in the region.
The USD fetched 136,000 rials, down 2, 000 rials compared to Tuesday’s close. The euro al…
Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks of political bickering in the region.
The USD fetched 136,000 rials, down 2, 000 rials compared to Tuesday's close. The euro also fell 2.3% and was exchanged for 153,000...
Clunkers that have outlived their usefulness, but are still operating as private, public or commercial vehicles have been banned from plying in major Iranian cities.
Vali Maleki, a member of Majlis Industries and Mines Commission, said old vehicles …
Clunkers that have outlived their usefulness, but are still operating as private, public or commercial vehicles have been banned from plying in major Iranian cities.
Vali Maleki, a member of Majlis Industries and Mines Commission, said old vehicles are limited to cities with a population of less...
In the fiscal month to May 22, almost €۲٫۱۶ billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in Nima also soared.
Nima is a secondary market developed…
In the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in Nima also soared.
Nima is a secondary market developed by the Central Bank of Iran to be used as a...
Iran approved $914.45 million worth of foreign investments during the period from March 2018, to February 2019, which shows a 67.4% decline compared to the $2.8 billion a year ago.
The foreign funds were invested in 65 plus industrial, mining, and…
Iran approved $914.45 million worth of foreign investments during the period from March 2018, to February 2019, which shows a 67.4% decline compared to the $2.8 billion a year ago.
The foreign funds were invested in 65 plus industrial, mining, and trade projects during the period. Although...
European powers are facing huge pressure from the United States to drop its proposed trade channel with Iran and it will also not succumb to ultimatums from Tehran, French Finance Minister Bruno Le Maire said on Tuesday, Reuters reported.
Britain, F…
European powers are facing huge pressure from the United States to drop its proposed trade channel with Iran and it will also not succumb to ultimatums from Tehran, French Finance Minister Bruno Le Maire said on Tuesday, Reuters reported.
Britain, France and Germany (E3), which signed a 2015...