Economy

Head of Central Insurance of Iran has said that insurance industry in Iran is facing fundamental problems which would not end even with the arrival of foreign insurers.  “Foreigners cannot…

Central Bank of Iran data shows that home prices in Tehran dropped 2% during the one-month period from Oct. 23- Nov. 21 while sales picked up.

Italy and Iran hope to resume banking ties that had been disrupted due to the international sanctions, Central Bank of Iran Governor Valiollah Seif said Monday in a meeting with Italy's Deputy…

The Central Bank of Iran has, for now, put on hold a further cut in the interest rate. The decision, though not unexpected, has led to renewed debates and discussion among economists and…

Iran, OPEC’s fifth-largest crude oil producer, has potential to generate more revenue from mining than it does from crude if the government puts more focus on developing the metals sector, said…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 2,320 tons of aluminum ingots of 99.8% purity at the base price of $1.7 per kg by the Iran Aluminum Company.…

Despite western sanctions that have choked off much of Iran’s foreign trade, many German companies have continued to do business with the Middle Eastern country—legally—in recent years.

Tehran Stock Exchange’s main index inched up 8.60 points or 0.01% to end Monday trade at 62,647.7.

More than 656 million shares valued at over $48.4 million changed hands in 27,000…

The age of self-driving cars is approaching rapidly. Nearly 60% of consumers around the world are open to self-driving vehicles, according to a new survey by the World Economic Forum and The…

Automakers are betting that Chinese families will embrace the minivan, hoping the larger sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy…

Daimler Middle East has announced its commercial vehicles business is looking to reopen a representative office in Iran. “Iran offers great opportunities for Daimler commercial vehicles and we are…

Housing officials from Asia-Pacific nations on Sunday called for sustainable polices to address critical urban challenges in the region's mega cities.

The recent surge in foreign exchange rates is temporary, an official with the Central Bank of Iran said at the weekend.

March of the USD towards parity with euro, strong demand for hard…

The Central Bank of Iran has issued a directive enabling builders to sell their apartments in Tehran in installments with Bank Maskan as guarantor.

The government’s plan to support the housing sector through 900-million-rial ($30,000) construction loans will be more helpful than loans for buying homes, said Ali Nemat Chahardoli, a lawmaker.…

Bank Mellat and the Ministry of Science, Research and Technology signed a MoU to enhance cooperation.  Science Minister Mohammad Farhadi, pointed to the bank’s significant role in financing…

Spain welcomes cooperation between City Bank of Iran and Spanish companies, said Jose Manuel Soria Lopez, Spain’s minister of industry, energy and tourism. He commended the bank for its…

Iran Mercantile Exchange’s industrial and mining trading board was swept by the National Iranian Copper Industries Company’s offerings on Sunday, as the company supplied 1,000 tons of copper…

German experts from Roland Berger—a global strategy consulting firm headquartered in Munich–and the respected law firm CMS Hasche Sigle have produced a joint study entitled “How to do business in…

Tehran Stock Exchange’s main index inched up 3.70 points or 0.01% to reach 62,630.1 on Sunday.

More than 485 million shares valued at over $30.6 million changed hands in 30,355 transactions…

Iran needs to import 600,000 tons of rice to meet domestic demand in the current Iranian year (to end March 19, 2016), says deputy agriculture minister, Abbas Keshavarz.

Any import will be…

Close to 2.6 million tons of steel products are currently stored in warehouses, a figure that accounts for nearly 20% of annual steel production.  Steel sheets make up for the bulk of the…

More than 74,000 tons of apples worth over $441 million were exported from West Azarbaijan Province to Iraq, India, Pakistan, the UAE, Kuwait, Tajikistan, Turkmenistan and Afghanistan during the…

On average, more than $20 billion worth of goods are smuggled in and out of the country every year, said the head of Central Taskforce to Combat Smuggling of Goods and Foreign Currency. Habibollah…

Gold exports from the city of Mashhad, located in Khorasan Razavi Province, have picked up after a 15-year hiatus, the head of Mashhad Gold and Jewelry Producers Guild said. Baqer Maboudinejad…