Economy

The Middle East Life Insurance company has been officially established after Central Insurance company of Iran approved the board members of the firm on Monday. Middle East Life Insurance,…

The CEO of Canadian multinational aerospace and transportation company Bombardier Inc. says the company was a little late on chasing opportunities in Iran but should be able to catch up with…

Iran ranked second among the member states of Economic Cooperation Organization by registering $139.8 billion in foreign trade in 2015, according to the Islamic Republic of Iran Customs…

The average goods and services Consumer Price Index for rural areas in the 12-month period ending September 21, which marks the end of the Iranian month of Shahrivar, increased by 7.7% compared…

Iranian airlines operated over 50,000 domestic flights and some 95,000 international flights crossed Iran’s airspace during the first six months of the current Iranian year (March 20-September 21…

Mobarakeh Steel Company, the largest flat steel producer in Iran, has launched a new round of hot-rolled coil export sales.

The government sold 10 trillion rials ($278.8 million at market exchange rates) of Murabaha contracts for wheat on Monday on the Iran Fara Bourse over-the-counter market.

The money raised…

More than 4.35 million households participated online in the eighth round of the National Population and Housing Census since it began on September 24, up until 6 a.m. October 14, according to the…

The first meeting of Iran-Austria Working Group on Technology was held in Tehran within the framework of a five-year roadmap.

The session was attended by Ali Morteza Birang, the science and…

A famous online leaker called Evan Blass (@EVLeaks) has outed Google’s latest foray into the Internet of Things market by revealing two smartwatches on his Twitter account. Google was previously…

Iran and Germany need to expand their relations in scientific and technological fields and their cooperation should not be restricted to student exchange, Iran’s vice president for science and…

DP World has announced that it is investing $50 million in Hyperloop One to help the company complete its full-scale test track in Nevada and bring the concept one step closer to the first…

DNB ASA, Norway's largest bank, is set to start cooperating with Iran, said Norway's Foreign Minister Borge Brende, in a meeting with Ali Tayyebnia, the economy minister, on the sidelines of IMF…

Key concepts of the insurance industry have been incorporated in high school syllabus for the first time, Abdolnasser Hemmati, president of Central Insurance company of Iran announced on Sunday.…

Officials and analysts in Tehran have responded to the United State’s latest move to help further ease restrictions on Iran, saying its positive outcome can and will emerge in the near future.

Nilson Report Magazine, a publication specializing in payment industry news and statistics, has listed seven Iranian payment service providers among the world’s largest 150 acquirers in 2016.

As per predictions made by the International Monetary Fund, the inflation rate in Iran will drop to 7.2% in 2017 from 7.4% in the current year. The forecast comes amid fears of an inflation…

Sarcheshmeh and Miduk copper complexes produced 95,472 tons of copper cathodes in the first half of the current fiscal year (started March 20), registering a 1.7% rise in production volume…

Equity markets remained almost unaffected by the news of the United States easing financial restrictions on Iran, as trading was minimal while the country heads into holidays commemorating the…

Iran’s seven major steel plants, namely Esfahan, Hormozgan, Iran Alloy Steel, Khorasan, Khuzestan, Mobarakeh and Oxin, exported more than 2.6 million tons of steel and steel products worth over $…

India’s Tata Steel Company has a good chance of ramping up exports of its new product, granulated pig iron, under the trademark Ferroshots. Although the producer has entered the segment fairly…

When it comes to oriental rugs, Tamin Wahdat can fully meet his customers’ demands. His business, based in Hamburg’s warehouse district, deals with rugs from India, Pakistan and Iran.

Among…

An official with the Agricultural Jihad Organization of Kohgilouyeh-Boyerahmad Province says a trade delegation from Russia will visit the province in the coming days to discuss the import of rose…

More than 39.2 million tons of oil and non-oil goods were loaded and unloaded in Shahid Rajaie Port in southern Iran during the first half of the current Iranian year (started March 20). This…

Despite the rising value of hard currencies in Iran, steel traders were unable to raise prices last week.

Local buyers halted all purchasing activity, as they expect prices to fall in the…