Economy

The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the director of the…

Iran's sovereign wealth fund has allocated $36 billion in foreign exchange loans to bankroll the country’s national projects in the past six years ending Sept. 22.

According to NDFI’s…

Foreign investment in Iran has seen a tenfold increase following the 2015 nuclear deal reached between Iran and six world powers, the government spokesman said.

Addressing a news…

Close to 15,000 tons of butter worth close to 2.34 trillion rials ($72 million) were imported into Iran during the five months to Aug. 22, figures released by the Islamic Republic of Iran…

Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, produced 34,364 tons of phosphate during the first seven months of the current fiscal year (March 21-Oct. 22…

A total of 5.4 million tons of cargo has transited through Iran during the first seven months of the current fiscal year (March 21-Oct. 22), an official with the Ministry of Roads and Urban…

Media Pardazesh, a local tech firm, has announced it has brought Apple’s new iPhone X (known as iPhone 10) legally into the local market.

Handsets are offered via Digikala, Iran’s…

Alibaba, the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest…

Taxi-hailing app firm Uber has lost an appeal against a ruling that its drivers should be treated as workers rather than self-employed.

Last year a tribunal in the UK ruled drivers James…

Unwanted text message advertisements have always been a nuisance for cell phone users in Iran. The Communications Regulatory Authority has created a system through which subscribers can register…

Tehran Stock Exchange’s main index shed 50.40 points or 0.06% to end Sunday trade at 87,744.8.

About 516 million shares valued at $32.55 million changed hands on Sunday.

Trading…

Bank Mellat plans to issue 18 trillion rials ($450 million) worth of certificates of deposit in the next five trading days. The CDs’ sale will begin on Monday and continue until Nov. 20, Bourse…

Tehran’s stone export consortiums have established permanent stone exhibitions in seven countries with the support of Tehran Industrial Parks Company, an official with the company said.

…

The government’s calculations underestimated public expenditure in the Health Reform Plan, as it did not take into account budget constraints due to the decline in oil prices or changes in the…

National Industries and Mining Development Company’s 2.5-million-ton per year iron ore concentrate plant started its pilot production on Saturday. The plant, located in Sangan Mineral Zone, was…

Iran's crude oil prices continued to advance in the week to November 3, following the trail of international oil benchmarks which have rallied to their peak levels in more than two years.

More than 5,760 tons of sweet corn worth close to 200.68 billion rials ($6.15 million) were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), based on…

The import of cooking oil has been banned to support domestic production, an official with Iran's Food and Drug Administration announced.

Ali Akbar Dadmehr added that the ban does not…

An impeachment motion against Minister of Cooperatives, Labor and Social Welfare Ali Rabiei will be submitted to the parliament this week, a legislator said. "Fifty parliamentarians have signed…

Secretary-General of World Customs Organization Kunio Mikuriya arrived in Tehran on Saturday to meet top government officials, including Economy Minister Masoud Karbasian, director of Islamic…

Iran was ranked 118th among 130 countries and territories in the 2017 FM Global Resilience Index report, scoring 18.7.

The ranking shows a one-notch improvement compared to last year's…

Gold coin prices registered consecutive growths during the past week to reach their four-year high in Tehran’s market on Saturday. After significant leaps in recent days, Emami gold coin fetched…

A study of official data pertaining to non-performing loans in the Iranian banking system over the past six years conducted by the Tehran Chamber of Commerce, Industries, Mines and Agriculture…

The Iranian government and Tehran Municipality are assessing regulations of their joint project to build 55,000 residential units in Tehran’s distressed areas under the moniker “Pishgam Housing…

The government, the judiciary and the parliament are ramping up their concerted campaign to put to an end to the saga of illegal credit institutions and increasingly support the thousands of…