Economy

Iran is determined to sideline the US dollar in its financial dealings for the past few years and the country’s insurance industry is no exemption, as it has emphasized a shift toward euro both…

The inauguration of First Construction Industry Development Exhibition (CIDEX 2018) on May 1 coincided with the launch of the first phase of Iran Mall, an all-Iranian monumental project slated…

A radical “sovereign money” plan that would upend Switzerland’s traditional monetary system appears headed for defeat in a referendum next month, a poll showed on Friday, Reuters reported. The…

Uncertainty is in the air these days for Iran’s financial markets, especially stocks. 

Recent upheavals in the foreign exchange market, coupled with the looming political risks,…

The fate of Iran Air’s post-sanctions contracts with western planemakers depends on European’s reaction to US President Donald Trump’s expected decision to leave the 2016 nuclear deal, an…

After an 18-month hiatus, Tourism Bank returned to trading on Iran Fara Bourse on Tuesday, making it the first IFB-listed lender to unfreeze its shares in the current fiscal year (started March…

Air France is cutting its Joon subsidiary’s service between Paris and Tehran to the summer season only, blaming a poor economic performance over two years in operation.

“Air France has…

South Africa-based multinational mobile telecommunications company MTN faces the risk of not being able to repatriate about R4.6bn ($363 million) from Iran if US President Donald Trump persuades…

Prices for Iranian steel billet and slab exports decreased in the week that ended on May 2, with customers targeting lower prices because of unstable conditions in the global billet market.

If US President Donald Trump opts to pull out of the nuclear deal with Iran, Germany’s business sector is likely to suffer.

But even without the threats from Washington, Berlin’s trade…

Iran and the Eurasian Economic Union are planning to sign an interim agreement on creating a free trade zone on May 17 during the Astana Economic Forum in the Kazakh capital.

The…

Iran traded $1.10 billion worth of non-oil goods with Taiwan in the last Iranian year (ended March 20, 2018)–8.64% more compared to the year before, making the East Asian country Iran’s 15th…

Markazi Province accounted for 36% of Iran’s $100-milllion synthetic fibers exports last year (March 2017-18), registering an over 9% increase compared with the year before, according to Jafar…

Leading a high-ranking delegation, Iran’s Minister of Roads and Urban Development Abbas Akhoundi set off to Turkmenistan on May 2 to attend transportation-related events during his two-day stay…

Twitter has recommended its 336 million users change their passwords. The company announced on Thursday it discovered a bug that saved user passwords unprotected on an internal log.

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As per a judicial order issued on Tuesday, Telegram has been blocked in Iran. Since then mobile Internet users’ access to the services has been barred and landline subscribers have been…

YouTube CEO Susan Wojcicki says that 1.8 billion registered users are watching videos on the platform each month, not counting anyone who is watching without an account.  Wojcicki announced…

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, has announced that it has affirmed Iran's Long-Term Foreign and Local Currency Sovereign Ratings at 'BB-' and…

The number of permits issued for the construction of residential units both across Iran and in Tehran registered increases during the third quarter of the previous fiscal year to Dec. 21, 2017,…

Mellat Insurance Company, affiliated with Bank Mellat, has signed a contract with Munich Re, the biggest reinsurance company in the world, based on which the German firm will cover the entire…

Reports suggest that the planned merger of two lenders, namely Mehr Eqtesad Bank and Samen Credit Institution, with Ansar Bank will take place in the coming days. According to ISNA, Samen and…

Egg imports have come to a halt following the rise in domestic production and the return of supply-demand balance in Iran, secretary-general of Iran’s Union of Producers of Egg-Laying Hen said…

Iran traded $1.15 billion worth of non-oil goods with the UK during the last Iranian year (ended March 20, 2018), 153.82% more compared to the year before, making the European country Iran’s…

Production units in Alborz Province’s industrial estates and zones exported a total of $100 million worth of goods during the last fiscal year (ended March 20, 2018), according to the managing…

Producer Price Index for the industrial sector in the four quarters ending March 20, 2018, which marks the end of winter, increased by 15.5% compared with the same period of last year, according…