Economy

Talks are underway for freeing Iranian insurance companies’ frozen assets overseas, the Central Insurance company of Iran’s deputy director for reinsurance said, noting that insurers will receive…

Bank Sepah plans to open branches in China and South Korea, a board member of the bank said.

"Bank Sepah has plans to increase its share in establishing branches and to set up new branches…

Six insurance firms operating in free trade zones recorded a whopping 81.1% growth in total generated premiums during the first half of the fiscal year that ended on September…

The Eurasian Economic Union (EEU) has begun discussion on having a privileged trade agreement with Iran at the initiation of Armenia, the Armenian deputy minister of foreign affairs said. “When we…

Iran’s first biaxially-oriented polyethylene terephthalate production line has been launched by Sepehr Polymer Sepahan Complex in Isfahan Province. It was inaugurated by First Vice President Es’…

Qeshm Island, like its smaller but better-known neighbor Kish Island, does not feature in the travel bucket-lists of many international tourists.

Of the 397,000 people who flew to the…

Iranian securities markets had a rocky week, compared to their usual morbidity, while the rial sank to its lowest in 10 months against the US dollar.

The long-term growth of Iran’s largest iron ore mineral zone located in the northwestern Khorasan Razavi Province and the realization of the ambitious expansion goals set for the sector require…

India’s National Aluminum Company is likely to keep in abeyance its plans to put up a greenfield smelter in Iran.

Nalco had planned to establish a 0.5 million-ton per annum smelting…

The Ministry of Agriculture plans to boost operations in securities markets to fund its guaranteed purchase scheme for wheat and other agricultural products.

Iran and Australia have signed a memorandum of understanding to promote cooperation in the aviation sector. The MoU was signed in Australia on Wednesday between Iran Civil Aviation Organization,…

Iran exported 1,200 tons of non-oil goods valued at $6 million to Austria in the first six months of the current Iranian year (started March 20), which indicates a 30% increase in value compared…

More than 2.2 million tons of rice are estimated to be produced in the current Iranian year (started March 20), which would indicate a 20% increase compared with last year’s output, says secretary…

The average goods and services Consumer Price Index for rural areas in the 12-month period ending October 21, which marks the end of the Iranian month of Mehr, increased 7.5% compared with last…

Iran is emerging as a market that every retailer with international ambitions should be looking at, according to a senior executive of British multinational retailer Debenhams.

Tajikistan’s mobile operators have begun the process of re-registering all SIM cards as part of a strategy to combat terrorism, according to a report from the country.

Iranian researchers at Tehran’s Amirkabir University of Technology have developed an incubator for culturing cells and microbes. Mehrdad Saviz, the project manager, said the incubator can be used…

Iran’s Ministry of Industries, Mining and Trade is offering financial aid to Iranian companies active in the information and communications technology sector to participate in the upcoming elecomp…

One of Russia’s biggest Internet companies, Mail.ru Group, announced it has bought German Rocket Internet Group’s online food delivery ordering service Delivery Club.

The Russian company is…

With roughly $10 billion of assets ready to be divested, Iranian Privatization Organization presents valuable opportunities to both domestic and foreign investors that are unique in many aspects,…

The Central Bank of Iran has updated its regulations regarding the operation of bureaux de change, banning currency forward deals by individuals and companies. CBI requires forex operations to be…

Greece defied EU and US pressure last month to reapply sanctions on the Iranian bank Saderat, the first sign of dissent inside the European Union on Iran, media claimed on Tuesday.

As…

Trade between Britain and Iran is beginning to grow and the government is working to resolve banking concerns that are limiting further expansion, British trade minister Liam Fox said on Wednesday…

Iran’s asphalt production exceeds domestic demand by more than 115 million tons, said the head of Iran Road Maintenance and Transportation Organization, Davoud Keshavarzian, at the Eighth Bitumen…

Iran is ranked 120th among 190 economies in the World Bank’s Ease of Doing Business ranking, down three notches from its 117th place last year.

One major factor placing the country so low…