Economy

The rial was quoted at 45,950 to euro on Thursday in Tehran’s market, losing 4.35% against the European currency compared with the previous Thursday’s close. According to Tehran Gold and Jewelry…

The total arrears of 27 Iranian private banks and non-bank credit institutions to the Central Bank of Iran up to April 20 stood at 347.8 trillion rials ($9.2 billion), marking a drop of 9%…

Insurance companies and agents selling insurance policies via Internet are responsible for problems caused by any illegal activity in the sale process, the president of the Central Insurance of…

The longstanding goal of housing sector recovery could be realized by the end of the current year (March 20, 2018), as a top official with the Ministry of Roads and Urban Development said the…

The government has set the seafood production target at 1.6 million tons per annum by 2022.

Close to 1.36 million tons of goods worth more than $47.14 million were exported to 85 countries from Isfahan Province in the first four months of the current Iranian year (March 21-July 21),…

Russian aircraft manufacturer Sukhoi Company has dismissed a report released by Russian news agency Sputnik on Wednesday that Iran’s Defense Ministry had signed a contract to buy 12 Sukhoi…

While many sanctions on Iranian goods and services remain in place, the Joint Comprehensive Plan of Action (the formal name of the nuclear deal Iran signed with world powers in 2015) permits…

The railroad from Tehran to the eastern city of Mashhad will have the capacity to transport 25 million passengers and 10 million tons of cargo per year as soon as it is electrified, the CEO of…

Tehran Stock Exchange’s main index TEDPIX gained 1,347 points or 1.7% during the week that ended on July 26 to its 16-month high of 81,509.

TEDPIX had already broken past the sticky 80,000…

Containing inflation has been one of the most significant economic achievements of Iranian President Hassan Rouhani’s first term in office.

Imported hot-rolled coil prices in Iran continued to grow in the week ending July 26, as producers in the Commonwealth of independent States increased offers.

CIS mills are major suppliers…

Every week, press updates confirm the growing commercial interest of first class international groups in entering the Iranian market-whether it’s the US green light for export licenses to Airbus…

The International Exhibition of Marine, Seafaring, Ports and Related Equipments, otherwise known as Marinex 2017, is scheduled to be held at Anzali Free Zone Fairground from August 1 to 4.

Telegram, the most popular social media and messaging application in Iran, has started using encrypted Content Delivery Networks located in the country since July 27.

A content delivery…

An article published by MIT in the US suggests 2021 will be the year that everything in the world could change.

 According to an array of predictions from tech companies and market…

After a couple months of delay and with little fanfare, Nintendo’s new Switch console hit the Iranian market. The Nintendo Switch is the best-selling console since the Nintendo Wii was released…

State owned Telecommunications Company of Iran (TCI) is investing 10 trillion rials ($266 million) in infrastructure projects.

Babak Tarakome, board director of TCI, said the investment is…

The Export Development Bank of Iran, the country’s exim bank, established a total of 120 correspondent relations with foreign banks in the previous fiscal year to March 20, 2017, the bank’s chief…

The prolonged stagnation in Iran’s housing sector, which started in March 2012, has persisted through the summer of 2017 as housing deals across the country are declining while rents are outpacing…

The Central Insurance of Iran, the regulatory body of insurance industry, has banned the sale of burglary insurance policies to unlicensed jewelry and exchange shops. The decision was made by CII…

Iran will sign new finance contracts worth $12 billion with three Asian and European banks within a month, deputy governor for foreign exchange affairs at the Central Bank of Iran announced.…

Around 6,400 tons of different kinds of dates worth more than 550 billion rials (over $14.54 million) were exported from Hormozgan Province in southern Iran during the first four months of the…

Each Iranian consumed 198 eggs on average in the last fiscal year (March 2016-17).

According to Secretary of Iran’s Union of Producers of Egg-Laying Hen Farzad Talakesh, the consumption…

Iran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to host a business forum attended by a delegation from Syria at its Tehran headquarters on July 31.