Economy

Ebrahim Hamidi, a member of the strategic council of Iran's Insurance Company, regarded poor services offered by insurers as the main reason behind citizens' reluctance to take out life insurance…

The Central Bank of Iran has repeatedly cautioned commercial banks against doing business with illegal financial institutions, but it seems the warning has largely fell on deaf ears.

Akhbar…

The central bank has tightened its grip over the foreign exchange market by increasing supervision. But time and again the bank has distorted the market.

Iran Financial Center is holding an options and futures workshop in Switzerland to train Iranian financiers. The two-day workshop is a joint project between the center and the Centro di Studi…

Iran extracts about 17 million tons of decorative stones annually, only 4% of which is exported, generating revenues of about $200 million per year, chairman of Stone Association of Iran,…

Deputy minister of industry, mine and trade, Mehdi Karbasian, says the administration’s special plan to produce iron ore concentrate and iron ore pellets will end the export of unprocessed iron…

Market participants and stockholders express relief at the possibility that downward price trends have ended and stock values are near equitable levels.

Financial Tribune’s sister-…

The gloomy economy, lingering western sanctions against Iran’s nuclear program and investors’ overreaction fueled a massive selloff on Tuesday with Tehran Stock Exchange’s gauge recording a record…

A former governor of the Central Bank of Iran has criticized the composition of the Money and Credit Council, saying the area of expertise of its members is irrelevant to the council’s tasks.…

The Securities and Exchange Organization extended the underwriting of Ganjineh Ayandeh Roshan Exchange-Traded Fund for three days, Bourse Press reported on Tuesday, as the sale of the fund’s units…

Minister of Roads and Urban Development Abbas Akhoundi said the former administration's intervention in banking affairs has "weakened" and "crippled" commercial banks.

"Any government…

The High Council of Statistics has approved that the Statistical Center of Iran will be the “sole official” entity in charge of gathering information and releasing data on economic indicators,…

Under a new clause the parliament has added to the Monetary and Banking Act’s Article 39, the Central Bank of Iran has the legal authority to take action against unauthorized financial and credit…

About 763,000 tons of goods worth more than $187 million were exported via the western Kermanshah Province during the first two month of the current Iranian year (started March 21), which shows a…

Plans are underway to build a new passenger terminal in Tehran’s Mehrabad International Airport, deputy head of planning and supervision in Iranian Airports Holding Company Gholamhossein Baqerian…

Having blown fresh wind into a much-delayed mortgage plan, the government is entering tough negotiations with real-estate developers, credit institutions and mortgage companies to hammer out the…

Visiting business delegations are streaming into Iran with an eye on lucrative new deals before a June 30 deadline for a sanctions-lifting nuclear agreement with six world powers.

Iran and Italy have agreed to establish a joint agricultural committee “in the near future”, announced Agriculture Minister Mahmoud Hojjati, as reported by IRNA on Monday. The two countries are to…

Microsoft’s cellphone arm, Microsoft Mobile Oyj, formally Nokia, has not revealed a new flagship smartphone since it rebranded the Lumia range in 2014, Tech Radar writes.

Research for launching satellites should be a budget priority in the Iranian Space Program, head of the Aerospace Research Institute of Iran said, adding that sending astronauts into space should…

A locally developed voice-based social networking application has recently been launched, ISNA reported on Saturday. Developed by Iranian programmers, the app called 'Narrator' allows users to…

Kouhdom Gold Mine, located 110 kilometers northeast of the central city of Ardestan in Isfahan Province, has the capacity to produce 300 kilograms of gold every year once it comes into operation,…

Some iron ore mines have been storing their products in depots due to the low global prices, ISNA quoted a member of the Iron Ore Producers and Exporters Association of Iran as saying.

“…

While millions had their eyes on Berlin as the city hosted the UEFA Champions League final on June 6, the European capital also hosted a three-day conference on high-tech entrepreneurship in Iran…

In an exclusive interview with the Financial Tribune, CEO of Iran Fara Bourse Amir Hamouni said companies willing to transfer ownership or be merged with other companies but are not listed at IFB’…