Economy

Middle East Life Insurance Company, affiliated with the privately-owned Middle East Bank, officially started operating on Monday as the first specialized Iranian insurance firm.

Dana Insurance Company, a major Iranian insurance firm, said it will expand ties with major Indian insurance firms, especially ones that continued to work with Iran during sanctions. Managing…

Per capita red meat consumption in Iran’s urban areas has decreased by 25% over the past decade to stand at 11.43 kilograms in the last Iranian year (March 2015-16), according to the head of…

Close to 6,300 tons of pomegranates worth 148 billion rials ($3.84 million) were exported during the nine months to December 20, the Islamic Republic of Iran Customs Administration’s data show.…

The United States’ Office of Foreign Assets Control has adopted a final rule amending the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), to authorize additional…

China is Iran’s biggest trading partner, yet while the trade marked an all-time high in terms of volume, trade value has taken a beating amid the global bear market.

“In 2016, 66.32…

Tehran Stock Exchange’s main index added 62.70 points or 0.08% to end Monday trade at 76,678.7.

More than 1.6 billion shares valued at $56.3 million changed hands for the day.

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When Iranian and Indian leaders signed the agreement to jointly develop the Chabahar Port—some 1,800 kilometers south of Tehran—last summer, it was heralded as a project that would transform…

Tehran has seen more than a few new faces ever since the lifting of sanctions imposed on Iran over its nuclear energy program and the reopening of the country to global trade. 

To…

Railroad projects worth 13.9 trillion rials ($360 million) will be inaugurated by Friday on the occasion of the 10-Day Dawn ceremonies, which culminate in the celebration of the 38th anniversary…

Maruti Suzuki accounted for one in every two passenger vehicles sold in India in January, achieving the feat for the second time this fiscal year as the automaker further consolidates its position…

Land Rover has announced plans to give the original Range Rover the same restoration treatment as it gave to the Series 1 Land Rover last year, creating the Range Rover Reborn.

The preliminary design of a solar car named 'Sepehr' (Sky) will be unveiled at the Mechanical Engineering Faculty of Iran University of Science and Technology (IUST) this week. 

Iran Khodro Group (IKCO) and SAIPA, Iran's two largest car manufacturers, say they will attend the upcoming Tehran Auto Show on February 14-18, Persian Khodro reported on February 5. The two…

The Central Bank of Iran will ramp up its supervision over risky lenders to prevent their precarious activities from impacting other banks, said an official with the Central Bank of Iran.

Troubled banks are now in the spotlight. According to the deputy head of Monetary and Banking Research Institute, all Iranian banks are now suffering losses. “Almost all our banks are unprofitable…

Iran's lawsuit against a US court's decision to give the victims of terrorist attacks blamed on Iran the right to collect some $2 billion in Iranian assets has been filed with the International…

Iran’s seafood export is estimated to reach $400 million this year, which will register a 14% rise compared with last year, according to the head of Iran’s Fisheries Organization.

The…

The field of information and communications technology has created 10% of all the jobs in Iran, the minister of cooperatives, labor and social welfare said.

“This share is expected to reach…

An economic delegation from Sweden headed by the country’s Minister of European Union Affairs and Trade Ann Linde is scheduled to arrive in Tehran on February 11 to survey ways of expanding…

Iran is now producing enough nitrogen fertilizers to meet all the needs of its agriculture sector, the managing director of Agricultural Support Services Company said.

The talk of tariff hikes on paper imports never fails to send shivers down the spine of most consumers, particularly newspapers. 

Groups ranging from publishers to newspaper owners to…

The Central Securities Depository of Iran issued 21 trading codes to foreign investors during the Iranian month ending Jan. 19. According to Securities and Exchange News Agency, the sole…

Iran produced more than 258 million tons of mineral products during the 10 months to January 19, the Iranian Mines and Mining Industries Development and Renovation Organization's latest report…

Consumption tax will replace value added tax as of next year (March 2017-18) as per a motion proposed by the Majlis Joint Budget Commission. 

The decision is part of the budget bill…