Economy

Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies during the eight months to November 20, marking a 37.19% growth compared…

Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Banking is one of the most prospective fields for the expansion of Azerbaijani-…

The government of President Hassan Rouhani is among the world’s top five in generating an annual average of 704,000 jobs, a senior presidential advisor said.

“But this extraordinary…

Earlier this month, Boeing signed a deal with Iran Air for 80 jetliners valued at $16.6 billion. However, on December 25, Iran Air revealed that it has negotiated to pay only half the announced…

Close to 25,000 tons of red meat and 50,000 tons of chicken have been stocked to adjust prices in the domestic market, says the CEO of Livestock Affairs Support Company, affiliated with the…

Tehran Stock Exchange’s main index lost 109 points or 0.14% to end Wednesday trade at 79,691.8.

More than 1.1 billion shares valued at $55.2 million changed hands for the day.

Tehran…

Twenty-three illegal online providers of stock market analysis and investment services have been blocked by Securities and Exchange Organization, SEO’s deputy for legal and securities affairs,…

The average inflation rate for the Iranian month Azar (ended December 20) stood at 8.6% almost unchanged compared to the previous month, implying that the indicator may be putting the brakes on…

The videogame market in Iran is worth 2 trillion rials (more than $48.4 million at market exchange rate) per month, while Iranian producers and games account for less than 5% of this sum,…

The National Confederation of Entrepreneurs Organization of Azerbaijan and the Iran Chamber of Commerce, Industries, Mines and Agriculture have signed a memorandum of understanding.

The…

Swedish Prime Minister Stefan Lofven is scheduled to visit Iran at the head of an economic delegation next February, said Swedish ambassador to AIran Helena Sangeland. She made the announcement in…

Iranian ports loaded and unloaded more than 93.5 million tons of oil and non-oil products during the eight months to November 20, registering a 6.6% increase compared with last year’s…

Tehran is hosting an exhibition of domestically-made furniture.

Iraq plans to link its railroad network with that of neighboring Iran, the state-run Iraqi Republic Railways announced on Tuesday, noting that several international companies had already voiced…

Belarusian bus builder Belkommunmash plans to sell all-electric buses to Tehran, according to a report from that country on December 26.

The development comes as that country’s deputy prime…

The 2017 Suzuki Swift has been revealed in Japan ahead of a European debut in Geneva featuring updated styling and a hybrid drivetrain option.

The Swift’s styling has evolved rather than…

Iran’s second largest auto manufacturer released its sales and production report for the first nine months of the current fiscal year that started in March and said sales had increased month-on-…

Renault’s local import representative, Negin Khodro, officially opened their new showroom in  Aghdasieh district in northern Tehran on December 26, Asbe Bokhar, local automotive website…

Bahar Azadi gold coin sold for 11.8 million rials ($284.3) on Tuesday, up by 2.6% at 300,000 rials from the previous day.

The US dollar’s exchange rate also climbed 500 rials, reaching 41,…

The Majlis Economic Commission is to hold a meeting with Economy Minister Ali Tayyebnia and Central Bank of Iran Governor Valiollah Seif to discuss the recent upheavals in the Iranian forex market…

Bank Melli Iran, the state-owned giant lender, has issued 3,100 payment orders in foreign currencies worth over $1 billion, said the bank’s CEO. BMI has recorded a 270% growth in the total number…

Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the…

About 20 tons of agricultural products were exported to Russia from Jiroft County in the southeastern Kerman Province, an official with Kerman Customs Bureau said.

“This is the first…

For many women in Khorasan Razavi Province, the onset of fall only means one thing: saffron harvest time.

With over 9,700 hectares under saffron cultivation, some 80% of Iran’s saffron are…

Iran’s Communications and Information Technology Minister Mahmoud Vaezi, who is on a visit to Azerbaijan, has called on entrepreneurs from his country and the neighboring Azerbaijan to make joint…