Offering of shares through 2nd ETF to start on August 26

TEHRAN- Iranian finance and economic affairs minister announced that offering of shares through the country’s second exchange-traded fund (ETF) will be started on the first Wednesday of the next Iranian calendar month (August 26).

Tehran, Baku discuss joint projects implementation process

TEHRAN- During a telephone conversation between Iran’s Finance and Economic Minister Farhad Dejpasand and Azerbaijan’s Deputy Prime Minister Shahin Mustafayev on Tuesday evening, the two sides discussed the process of implementing Iran-Azerbaijan joint projects.

Value of trades in Iranian stock market climbs 625% in 4 months yr/yr

TEHRAN- The value of trades in Iranian stock market has risen 625 percent during the first four months of the current Iranian calendar year (March 20-July 21), compared to the same period of time in the past year, Finance and Economic Affairs Minister Farhad Dejpasand announced.

Finance Ministry unveils electronic promissory notes, digital facilities

TEHRAN – Iran’s Finance and Economic Affairs Ministry, on Monday, unveiled new digital monetary services including electronic promissory notes, as well as some digital facilities and credits, IRNA reported.

Tax, main source of income in absence of oil: fin. min.

TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand said on Tuesday that the government considers tax as the main source of income for managing the country’s economy in the absence of oil revenues, the ministry’s news portal Shada reported.

Value of shares offered by 1st ETF doubled

TEHRAN- Iranian finance and economic affairs minister announced that the value of shares which are offered by the country’s first exchange-traded fund (ETF) has already doubled, IRNA reported.

Coronavirus cuts Iran’s GDP by 15%

TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand said coronavirus pandemic has caused the country’s gross domestic product (GDP) to shrink 15 percent, IRNA reported.

Over $238b required to realize economic growth

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said 10 quadrillion rials (over $238 billion) is needed to reach a desirable economic growth, IRNA reported.

Iran needs over $238b for realizing ‘Surge in Production’: fin min

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the country needs at least 10 quadrillion rials (nearly $238.1 billion) to realize the motto of “Surge in Production”, Tasnim news agency reported on Tuesday.

Production by companies listed on stock market up 7% in 11 months

TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the production by the companies listed on the country’s stock market increased by 7.1 percent during the 11-month period from March 21, 2019 to February 19, 2020, IRIB reported.

By Mahnaz Abdi

Privatization to materialize ‘Surge in Production’

TEHRAN- The current Iranian calendar year (began on March 20) is named the year of “Surge in Production” by the Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei.

Transferring shares of state-run companies should be expedited: Rouhani

TEHRAN- Iranian President Hassan Rouhani instructed the country’s Finance and Economic Affairs Minister Farhad Dejpasand that the process of divesting state shares should be expedited, IRNA reported.

Details on Finance Ministry’s plans for ‘Surge in Production’ announced

TEHRAN – Iran’s minister of finance and economic affairs has notified the government agencies, banks and insurance companies of the ministry's plans for "Surge in Production", which is the motto of the current Iranian calendar year (started on March 20), Tasnim news agency reported on Tuesday.

Offering state-owned shares to be expedited

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said offering the shares of state-owned companies, which are planned to be privatized, will be sped up, IRIB reported.

Iran’s 10-month liquidity growth at 28%: fin. min.

TEHRAN – Iran’s liquidity has grown by 28% in the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020), according to the Finance and Economic Affairs Minister Farhad Dejpasand.

Foreign investment in Iran up 50% in 10 months

TEHRAN - Foreign investment in Iran has risen 50 percent during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced.

Non-oil exports rise 20% in weight

TEHRAN – Iran’s non-oil exports during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) has experienced a 20-percent rise in terms of weight while contracting three percent in terms of value, according to the country’s finance and economic affairs minister.

FDI in Iran rises 20% in 7 months on year

TEHRAN- Foreign direct investment (FDI) in Iran has risen 20 percent during the first seven months of the current Iranian calendar year (March 21-October 22) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced on Monday.

Forex rate not to be changed significantly in next year’s budget

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said that the forex rate in the budget for the next Iranian calendar year (begins on March 20, 2020) is not to be changed significantly from the rate envisaged in the current year’s budget, Tasnim news agency reported.

Iranian banks to sell over $4b worth of excess assets

TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand has announced that over 170 trillion rials (about $4.04 billion) worth of Iranian banks’ excess properties have been put for sale as part of a plan to reform the country’s banking sector, IRIB reported.

By Mahnaz Abdi

‘Private sector plays significant role in non-oil exports during sanctions’

TEHRAN- Iranian finance and economic affairs minister appreciated the role that the private sector is playing to help the country sustain its non-oil exports during the sanctions time and said, “Fortunately, we managed to continue our non-oil exports, despite all difficulties and limitations, through the aids of private sector.”

By Mahnaz Abdi

Banking system reform: improving or interrupting?

Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

Iran, Azerbaijan stress bolstering joint investments

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand and Azeri Minister of Labor and Social Protection of the Population Sahil Babayev met on Tuesday to discuss ways of boosting trade ties, Shada reported.

Iran, Turkey stress expansion of trade ties

TEHRAN - Iranian Economy Minister Farhad Dejpasand says Tehran and Ankara are eager for enhancing trade interaction to achieve a target of $30 billion annual trade exchange, Shada reported.

Privatization methods should be amended: fin. min.

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government should amend its policies and methods of setting the prices and transferring the shares in the process of privatization, IRIB reported.

VP inaugurates industrial, development projects in northeastern Iran

TEHRAN - Iranian First Vice President Es’haq Jahangiri inaugurated several industrial, infrastructure and development projects in Khorasan Razavi Province in northeastern Iran during a two-day visit to the region.

Iran-Azerbaijan 6-month trade more than doubled

TEHRAN – The trade turnover between Iran and Azerbaijan has grown 2.2 times in the past six months compared to the same timespan last year, IRIB reported, quoting Iranian Minister of Finance and Economic Affairs Farhad Dejpasand as saying.

Comprehensive plan underway to amend tax system: fin. min.

TEHRAN- Tax system is being amended in the country through implementing the Comprehensive Tax Plan, Iran’s Finance and Economic Affairs Minister stated.

By Mahnaz Abdi

Sanctions, an opportunity to benefit from tax potential

Donald Trump withdrew the U.S. unilaterally from the 2015 nuclear deal between Iran and the world’s major powers (known as Joint Comprehensive Plan of Action or JCPOA) in last May and re-imposed sanctions against the Islamic Republic.

Govt., private sector discuss amending CBI directive on re-injection of export income

TEHRAN - The 86th Dialogue Council of the Government and the Private sector was held in Tehran on Tuesday to discuss issues pertain to foreign trade and currency market, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.