Economy

Capital Intelligence Ratings, the international credit rating agency, has released its ratings for two Iranian private insurance firms, revising one insurer’s outlook to “positive” and giving a…

Iran is in dire need of foreign finance after years of hard-hitting sanctions and more than glad to wrap up deals worth $40 billion negotiated or agreed upon in the post-sanctions era.

A total of 5.8 trillion rials ($151.59 million) in bond yields will be paid to investors in Shahrivar (Aug. 23-Sept. 22)–the sixth month of the current Iranian year, Hadi Alipour, an official…

Tehran Stock Exchange’s main index gained 127.10 points or 0.15% to end Monday trade at 83,012.1.

About 1.2 billion shares valued at $68.59 million changed hands for the day.

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More than 22,000 tons of carded and uncarded cotton worth close to 1.54 trillion rials ($47.4 million) were imported into Iran during the first four months of the current fiscal year (March 21-…

Iran Mercantile Exchange witnessed the trading of more than 2.84 million tons of commodities valued at $1.17 billion during the fifth month of the current fiscal year (July 23-August 22),…

When Iran’s Ministry of Roads and Urban Development said last year the country's ever-increasing railroads will work below capacity if more railcars are not imported, the domestic railcar makers…

More than 7,350 tons of pumpkins worth over 75 billion rials ($2.31 million) were exported from Iran during the first four months of the current fiscal year (March 21-July 22), the Islamic…

Exports of fruit and vegetables are required to comply with a new set of packaging standards devised by Iran Trade Promotion Organization as of July 22. Fruit and vegetables are one of Iran’s main…

Oil revenues grew by 333.2% and tax revenues fell by 1.6% in the first quarter of the current Iranian year (March 21-June 21) compared with last year’s corresponding period.

The new ratifications of Supreme Administrative Council are aimed at easing the promotion of women and young people to managerial positions in state-run bodies.

Minister of Economic Affairs and Finance Masoud Karbasian appointed Mohammad Hirad Hatamifar as his aide on Monday. Hatamifar, 32, holds a master’s degree in industrial management, Bourse Press…

The second edition of China’s commercial exhibition, known as China Trade Week, is scheduled for September 19 to 22 in Shahr-e-Aftab (Sun City) International Exhibition Center in southern Tehran…

Close to 4,650 tons of lentils worth nearly 185.8 billion rials ($5.7 million) were imported into Iran during the fourth month of the Iranian year (June 22-July 22), the Islamic Republic of Iran…

China’s Chery has released design sketches of the first model of its all-new model line for global markets, ahead of its world premiere at the Frankfurt Motor Show on September 12.

The…

The Central Bank of Iran (CBI) and the Ministry of Industries have jointly issued a mandate that requires automakers to reduce the interest rate offered on pre-sale contracts.

Soroush Diesel Mabna, the official dealership of South Korea’s Hyundai commercial vehicles, has shipped its first locally produced light-duty trucks to Iraqi Kurdistan.

The company…

Morris Garages (MG) now owned by SAIC, will launch two new cars initially in the Chinese market later this year.  The company is reportedly releasing one so-called ‘fastback’ a kind of…

In case of disagreement between the Central Bank of Iran and the Audit Organization of Iran over who gets to set financial reporting standards for banks and credit institutions, which issue has…

A total of 150,000 residential units in rural and urban areas will be built for the poor as part of policies set in the Sixth Five-Year Development Plan (2017-22), a deputy at the …

As the Central Bank of Iran issued a new directive on Aug. 23 setting a deadline for banks to reduce their deposit interest rates to 15%, the Iranian private sector demands strict oversight over…

Bank Melli Iran, owned by the government, doled out nearly 423,000 loans worth 195 trillion rials ($5.11 billion) during the four months to July 22. According to the latest data published on BMI…

About 150,000 tons of pistachio worth $1.5 billion are estimated to be exported from Iran during the current Iranian year (started March 21), to register an 11% and 25% growth in weight and…

Some 1.1 billion cigarettes were imported into the country during the five months to August 22, registering a 58% decrease compared with the similar period of last year, Ali Asghar Ramzi, the…

A passenger train between the cities of Isfahan and Zahedan will be launched on Wednesday, the deputy head of Islamic Republic of Iran Railways said. “The train will run once a week at the start…