Economy

  • SSO Ordered to Cede Excess Shares in Refah Bank

    The Majlis on Tuesday obliged the Social Security Organization to sell part of its shares in its affiliated lender, Refah Bank, so that the shares don’t exceed the ceiling set by the Central Bank of…

  • Big Oil Earnings Battered By Virus

    ig Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier. Major oil and gas producers from Norway to the US saw profit plunge in the opening three months…

  • Mouteh, Zarshouran Gold Output Hit 1,139 Kg

    Mouteh and Zarshouran gold mines produced a total of 1,139 kilograms of gold ingots in the last Iranian year that ended on March 19, 2020. According to Omid Emami, an official with the Iranian Mines…

  • 30% Drop in Iran-China Q1 Trade

    Iran’s commercial exchanges with its top trading partner China stood at $3.94 billion during the first three months of 2020 to register a 30.4% decline compared with the corresponding period of 2019. As data provided…

  • IKIA Revenues Decline Over Coronavirus Outbreak

    ollowing the outbreak of coronavirus, the number of flights and passengers at Tehran’s Imam Khomeini International Airport during the month ending March 19 declined by 70% and 77% respectively, leading to a 60% decrease in…

  • Kuwait Begins OPEC+ Cuts Ahead of Schedule

    uwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut. The fourth-biggest member of OPEC “felt responsibility to…

  • TSE posts highest-ever weekly growth of index

    Tehran Stock Exchange (TSE) experienced the highest-ever weekly growth of its main index (TEDPIX) in the past Iranian calendar week (ended on Friday), Tasnim news agency reported. TEDPIX gained 96,160 points to 741,923 in the…