Business And Markets

Statistics released by Iranian Legal Medicine Organization (the country’s coroner’s office) on road accidents during the seven months to Oct. 22 show 10,155 lives were lost in roads nationwide,…

A majority of goods are imported into Iran using foreign currencies at official rates, meaning that those able to engage in imports through this channel rack up significant gains, the deputy…

The Majlis Economic Commission will present its report on Iran’s status vis-à-vis the Financial Action Task Force in coordination with the Supreme National Security Council, the head of the…

Iranian insurance companies have paid out over 35 million claims during the previous fiscal to March 20, 2017, which indicates a growth of 10 million compared to its previous year.

Comprehensive policies that will allow for fees to be obtained from people on payment transactions made with retail point of sale devices will be finalized by the end of the current fiscal year…

Bank Mellat is to launch a comprehensive project with the aim of boosting digital banking across all its services, its chief executive said.

Managing Director of the Islamic Republic of Iran Shipping Lines Mohammad Saeedi said on Saturday the first of 10 new ships ordered by his company from Hyundai Heavy Industries will be delivered…

Tehran Stock Exchange’s main index gained 1,307.43 points or 1.37% to end Saturday trade at an all-time high of 96,816.

About 1.17 billion shares valued at $73.20 million changed hands…

Despite the Interior Ministry’s announcement last week that Parvizkhan border crossing in the western Kermanshah Province will be reopened within 48 hours, this frontier with Iraq’s Kurdish…

Sefid-Dasht Steel Complex produced 291,269 tons of direct-reduced iron during the eight months since the beginning of the current fiscal year (Oct. 23-Nov. 21), indicating a 250% upsurge year-on…

Iranian container ports handled 2.14 million TEUs during the first nine months of the current Iranian year (March-December 2017), registering a 7% growth compared with last year's corresponding…

Although some called for allowing moneychangers to deal in virtual currencies, especially the ubiquitous Bitcoin, all Iranian bureaux de changes are currently prohibited from engaging in deals…

The volume of electronic payment transactions during the second half of the previous Iranian fiscal to March 20, 2017 has exceeded the figure of gross domestic product.

As the Iranian month of Azar ended on Dec. 21, the currency market drew the curtain on one of its most eventful months of the year. During the month–a time when most foreign exchange settlements…

Vice Governor of the Central Bank of Iran Akbar Komijani reviewed the latest developments in the Iranian economy, saying that the administration plans to curb the inflation rate even further.

Iraq is a market full of challenges, but a golden one, the head of Iran-Iraq Chamber of Commerce and a member of the Board of Directors at Tehran Chamber of Commerce, Industries, Mines and…

Iran Air is expected to take delivery of two more ATR planes by the end of December. 

The twin-engine turboprop, short-haul regional airliners are currently operating test flights…

Tehran Stock Exchange’s main index TEDPIX gained 6,816 points or 7.5% during the ninth month of the current fiscal year, Azar (Nov. 22-Dec. 21) to end at 95,508.6.

The benchmark index of…

The idea that China, Pakistan and Iran should develop an economic nexus seems to be gaining momentum. This is evident from the emerging consensus among the three countries and their civil…

The gold coin and the US dollar took different courses in Tehran market on Wednesday, with the latter registering a slight gain and the greenback declining against the rial. Bahar Azadi gold…

Top private sector and state officials convened in Tehran late Tuesday as part of the 72nd Government-Private Sector Dialogue Council and their main order of business was to discuss trade…

The Cabinet of President Hassan Rouhani’s administration approved a measure based on which the government will sell its remaining shares in three major insurance companies which–barring Iran…

The total volume of loans paid out by the country’s banking system surpassed 3.5 quadrillion rials ($85.1 billion) in the first eight months of the current Iranian year to Nov. 21, to mark an…

Iran produces over 2 million tons of chicken annually, standing among the biggest producers of chicken in the world, a deputy agriculture minister said. Hassan Rokni added that Iran’s per capita…

Iranian steelmakers are bracing for a year of overcapacity, as the government’s new budget bill is set to slash the development budget, negatively affecting steel usage in the next fiscal year (…