Economy

Following the policy of promoting life insurance, the president of Central Insurance of Iran announced that the High Council of Insurance has issued the license for the establishment of another…

Iranian people, businessmen and policymakers must accept the rise in foreign exchange rates because the country’s inflation rate has been higher than the global average as well as the rate in…

The 13th International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry opened in Tehran on Saturday.  According to Mohammad…

With up to 110 stage plays every year, Iranian theater is no longer a small-scale economic activity, a prominent theater director said.

Iran’s veteran steelmaker, Esfahan Steel Company, produced 1.27 million tons of steel products in the first seven months of the current fiscal year (March 21-Oct. 22), posting a 7.06% growth…

Tehran Stock Exchange’s main index added 23.70 points or 0.03% to end Saturday trade at 87,868.6.

About 1.36 billion shares valued at $46.045 million changed hands on Sunday.

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A total of 1,654 tons of coffee worth $4.25 million were imported from 14 countries, including the UAE, Vietnam, India, Indonesia, Turkey and Italy, during the first half of the current Iranian…

Around 12,300 hectares of citrus fruit orchards in Mazandaran have been insured in the current Iranian year (started March 21), registering a threefold increase compared with last year when…

Close to 215 tons of women’s socks worth 69.4 billion rials ($2.13 million) were exported from Iran during the five months to Aug. 22, figures released by the Islamic Republic of Iran Customs…

The Islamic Republic of Iran Customs Administration’s latest report on Iran’s foreign trade during the seven months since the beginning of the current Iranian year (March 21-Oct. 22, 2017) show…

Household final consumption expenditure, excluding tax payments and premiums, of those living in Tehran Province, wherein lies the capital city, is about 1.5 times more than those living in…

The Iranian Parliament is determined to work in conjunction with the government to remove top three high-income deciles of Iranian households from the list of cash subsidy recipients in the…

Iran's potentially lucrative oil and gas deals with Russian companies will help defuse US President Donald Trump's "unilateralism" and his efforts to scrap Tehran's nuclear deal with world…

Iran’s state grains buyer Government Trading Corporation has issued an international tender to buy 30,000 tons of rice to be sourced from India, European traders said on Wednesday.

The…

Around 1.7 million tons of sugar are estimated to be produced in the current Iranian year (started March 21) to register a 6% increase compared with last year, the executive of the Sugarbeet and…

For the first time since the 1979 Islamic Revolution, the government has allocated up to 3.5 trillion rials ($87.5 million) out of revenues earned from value added tax for the development of…

Germany’s Commercial Center affiliated with Iran-Germany Chamber of Commerce opened in Tehran on Thursday.

According to chairman of the joint chamber, Omid Yaraqi, the center will…

Iran sees the potential to raise its crude oil production capacity by more than 50% in the long run, while plans are in place to ramp up output to 4.5 million barrels per day in four years.

The Iranian banking system has established an online gateway that enables members of its interbank foreign exchange market to trade foreign currencies with higher speed and stability.

Iran and Iraq agreed to establish a joint committee between their central banks as soon as possible, during a meeting between Iranian Minister of Industries, Mining and Trade Mohammad…

Private sector investors have put up more than 18 trillion rials ($440 million) for the establishment of new towns in Iran during the past four years, said a board member of the New Towns…

South Kaveh Steel Complex (SKS), located in Persian Gulf Mining & Metal Industrial Special Economic Zone, launched its Steel Making Plant Phase I for production of 1.2 million t/year steel…

Tehran Stock Exchange’s main index TEDPIX gained 909.5 points or 1.04% during the second week of the month that ended on Nov. 1 to close at 87,844.9.

The benchmark index is currently…

Due to the heavy amount of central planning in the economy and during a period when oil prices were unlikely to fall, the Iranian consulting sector saw little opportunity to gain a client base…

A delegation from Iran’s private sector headed by the deputy head of Tehran Chamber of Commerce, Industries, Mines and Agriculture. Ala Mir-Mohammad-Sadeqi, is scheduled to visit Slovakia and…