Economy

Iran's insurance industry grew by 22% during the year to March 20, 2017, with insurance penetration rate improving by 0.4% to reach 2.1%, said the president of the Central Insurance of Iran.

Iran is fully prepared to expand cooperation with all members of the Islamic Financial Services Board in various areas, including opening banks and branches, establishing correspondent relations,…

Overhauling the laws and regulations of the country’s banking system would be one of the main priorities of Majlis Economic Commission during the current fiscal year that started on March 21, the…

Banque de France, the central bank of France, has reportedly removed all and any remaining restrictions on the Paris branch of Bank Saderat Iran, meaning that the branch is now able to provide…

The government has kicked off its guaranteed purchase of wheat from local farmers in the new Iranian year (started March 21). “Purchases have been made in Kerman and Sistan-Baluchestan provinces…

The three indices of employment, economic growth and inflation must be taken into consideration for the new Iranian year (started March 21), a former president of Iran Chamber of Commerce,…

Opinions are divided in the Iranian steel market about the forthcoming reduction of import tariffs on flat steel products amid insufficient supply and stronger domestic demand.

Iran Steel…

Tehran Province generated 290.89 trillion rials ($7.65 billion) in public revenues in the 11 months of the past Iranian year (March 20, 2016-February 18, 2017), registering an 18.5% rise compared…

More than 200,000 small- and medium-sized enterprises were founded in Iran during the Iranian year that ended on March 20, 2017, the head of Iran Chamber of Guilds said.

“SMEs account for…

Tehran with 969.2 people and Semnan with 7.2 living in each square kilometer are the most and least populated provinces in Iran respectively, the findings of the recent National Population and…

The Islamic Republic of Iran Shipping Lines has signed a memorandum of understanding with two Japanese port and logistics services in Singapore.

Since the signing and implementation of the Joint Comprehensive Plan of Action, European businesses have shown great interest in reentering Iran. Trade between Iran and the EU has already picked…

The Iranian ICT market has grown three-fold since 2013 as new players enter the robust sector with an eye on digitization and a share of the gradually expanding market.

Progress in the…

A sensational new material that could offer clean water for millions of people around the world has been created in the lab in the north of England.

The government is to invest 4.9 trillion rials ($130 million) in the ICT sector in the eastern Khorasan Razavi Province.

According to CITNA, 3.2 trillion rials ($84 million) will be…

Iran Aseman Airlines has signed a Minute of Agreement (MOA) with the American plane giant Boeing to purchase 60 B737-Max passenger jets worth more than $5 billion based on catalogue prices.

Iran Mercantile Exchange witnessed the trading of 33 million tons of commodities worth over $21.5 billion in the last Iranian year (ended March 20, 2017), registering a 26% and 73% growth in trade…

An Economy Ministry official has said that with the lifting of sanctions targeting Iranian economy in the wake of the 2015 nuclear accord, the country has joined various global monetary…

The rial was quoted in the free market at 37,800 to the US dollar in Tehran on Monday, having kept a steady course since the Norouz (Iranian New Year) holidays started on March 21.

While the housing market will remain calm until the presidential elections in May, home prices will experience a rise later in the current fiscal year that began on March 21, predicts the head of…

The 15th annual General Assembly and the 30th meeting of the council of the Islamic Financial Services Board will convene in Kuala Lumpur, Malaysia, on April 6.

The average Producer Price Index in the 12 months ending March 20, which marks the end of the final month of the last Iranian year (Esfand), increased by 5% compared with last year’s…

The capacity of Iran’s cold storage facilities has increased by 60% since President Hassan Rouhani took office in August 2013.

Agriculture Minister Mahmoud Hojatti said that by the end of…

The new planes ordered by Iran after the lifting of nuclear sanctions will create 20,000 direct jobs in Iran, an official with the Civil Aviation Organization of Iran said.

“The figure…

The recent National Population and Housing Census, conducted nationwide, showed Hamedan and North Khorasan provinces recorded negative population growths compared with the previous round of census…