Economy

Paid claim losses by Iranian insurance firms grew by 20.7 percent year-on-year in the 11 months ending on Feb. 19, Eghtesad News reported.

I ranians headed for nature to spend the 13th day of the new Iranian year shaking off misfortune, in a ceremonial way. Some were eyeing Lausanne, Switzerland.

The Central Bank of Iran announced it has received another tranche in frozen assets from the Omani Central Bank as part of the original Joint Plan of Action deal which was signed by Iran and the…

The Iranian administration is determined to reduce the interest rate in the fiscal year ending March 2016, a senior official announced on Monday. “In light of the new decisions, the interest rate…

The Iran Mercantile Exchange (IME) was bustling during the five working days of the new year (started March 21), with future trade volume and value recording 58 and 45 percent growth respectively…

The minister of industry, mine, and trade has lauded Iran’s presence at the upcoming Expo Milano 2015, IRNA reported. Regarding the expo’s main theme of “human nutrition” the Iranian booth this…

Spring-time rallies within the first five working days of the Iranian new year (started March 21) at the Tehran Stock Exchange (TSE) has evaporated massive losses incurred by refining companies'…

The Iranian furniture industry has over the past years experienced tangible growth, however experts believe adverse government policies have prevented the industry from unleashing its full…

The deputy minister of industry, mine and trade says Iran is engaged in serious negotiations with Kazakhstan for cooperation in iron ore, steel, zinc, and aluminum sectors, IRNA reported.

The deputy minister of industry, mine, and trade has predicted that growth in the mining sector would hit 15% in the new Iranian calendar year (started March 21), Mehr news agency reported.

The inflation rate reached 15.6 percent over the past Iranian calendar year (ended March 20), based on the latest report released by the Central Bank of Iran (CBI). The report also indicates…

Iranian ports recorded 8 percent growth in marine traffic during the past Iranian calendar year (ended March 20) compared with the previous year. The number of ships berthing in Iran’s ports…

Close to 3,700 metric tons of various bony fish species have so far been caught from the Caspian Sea in the northern Mazandaran Province in the current fishing season, which indicates a 6 percent…

Commodities worth $1.9 billion were exported to Iraq through Khosravi and Parviz Khan border-crossings in Qasr-e Shirin county of Kermanshah Province in western Iran during the past Iranian…

Transit of goods through the country’s borders exceeded 12.34 million metric tons in the past Iranian calendar year (ended March 20), indicating a 6.5 percent increase compared with the previous…

Trade exchange between Iran and China exceeded $50 billion during the past Iranian calendar year (ended March 20), deputy minister of industry, mine and trade, Reza Nowruz-Zadeh said in a meeting…

The parliament has urged immediate identification of the heavy debtors who officials say have deviated banking resources towards brokerage and speculative activities in the past decade,…

The rial will strengthen after the start of the upcoming Iranian year which starts on March 21, said head of Tehran’s Gold and Jewelers Union.

MTN-Irancell, Iran’s second largest mobile telecoms company by number of subscribers, has announced it won three golden trophies at the seventh Iranian Technology Stars Festival.

Innovation…

The online retail development environment in Iran has been improving over the recent years, according to Reportbuyer, a leading industry intelligence solution company that provides all market…

Amazon CEO Jeff Bezos has had the upper hand for sales of online goods for the better part of a decade now in the US, and with their bonus services like Amazon Prime and Amazon Air, the company is…

Mizan credit institution has been merged with Bank Saderat, according to Hamid Tehranfar, deputy governor for supervision in the central Bank of Iran (CBI).

Benchmark bullion coin, Azadi, halted its advance on Wednesday, while its sister Emami fell in line with gold edging down in the international arena. Azadi remained unchanged at 9,300,000 rials by…

The US dollar rose for the third consecutive day on Wednesday, carrying momentum from unsettling remarks from diplomats involved in the nuclear talks between Iran and the six world majors. The…

According to the Supreme Audit Court, the country’s two major iron ore mines, Golgohar and Chadormalu, owe 34.85 trillion rials to the government in accumulated debt over the years as mine royalty…