The Insurance Regulatory and Development Authority of India (IRDAI) has granted approval to 23 cross border reinsurers for the year 2016-17 including Iran Insurance Company, IRDAI announced in a…
Economy
As concerns over the pace of liquidity growth mounts, the Central Bank of Iran has responded by arguing that liquidity is merely a ‘nominal variable’ and such variables are always on the increase…
Iran’s leading private bank, Bank Mellat, won a major legal battle against the UK Treasury in its claim of $4 billion damages for the sanctions imposed on it in 2009, with the English Court of…
The Euromoney Iran Conference will be held on Thursday May 19 in London.
Co-hosted by the Central Bank of Iran, the conference will discuss and explore the necessary steps for Iran’s…
On January 16, 2016, the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country’s return to international capital and other…
Stocks accelerated their decline on Tehran Stock Exchange this week compared to the previous week.
Iranian week days start on Saturday and end on Friday. TSE trading days end on Wednesday…
Iran is seeking $10 billion of investment to develop its domestic aluminum industry that could export 60% of its output to meet growing global demand for the metal used in cars, jets and beverage…
Iran will become self-sufficient in iron ore concentrate production by the end of the current Iranian year (March 2017), says Minister of Industries, Mining and Industries Mohammad Reza…
An Iranian delegation led by Agriculture Minister Mahmoud Hojjati is scheduled to visit Azerbaijan on May 15-17, Trend News Agency reported citing a statement by Azerbaijan’s Agriculture Ministry…
Iran's sovereign wealth fund has close to $80 billion of assets, says the fund's alternate chairman and member of the fund's Managing Board.
The National Development Fund of Iran was…
Bilateral economic relations between South Korea and Iran are expected to take another big leap forward following South Korean President Park Geun-hye's historic trip to Tehran in early May.
The government is giving Iranian airlines four months to get rid of their out-of-service planes, as airports grapple with a shortage of parking space. “The airlines will face heavy fines for each…
Iran has about 6.7 million honeybee hives, producing up to 77,000 tons of honey every year, an official with the Ministry of Agricultural Jihad said. According to Mohammad Mirzaei, the country is…
More and more Iranians are clicking themselves into the world of consumerism. Through their smartphones, computers and tablets, people purchased up to 610,000 billion rials (about $18 billion at…
Apple Inc. said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the…
MTN-Irancell, Iran's second largest mobile network in terms of subscribers, has announced it has begun testing Internet Protocol Version 6 or IPv6, to enable Internet of Things connectivity.
LG Group plans to work on an electric vehicle specifically for the Iranian market. The company recently signed a preliminary agreement with the Iranian government in this regard, Korea's Chosun…
TK Chemical Corp., the spandex-making affiliate of South Korea’s shipping-to-construction company SM Group, said on Wednesday it will build a spandex plant in Iran to gain a bigger share there and…
Head of Central Insurance company of Iran, Mohammad Ibrahim Amin, said on Wednesday he was stepping down as president of insurance industry’s sole regulator, following the unreasonably high…
Pasargad Financial Group, owner of Iran’s second-largest bank, is weighing the sale of shares in its energy unit as the removal of sanctions boosts confidence in the economy.
Small and medium-sized businesses are allowed to take out loans even if they have unpaid debts and/or bounced checks, the Central Bank of Iran announced Wednesday. New terms are offered to SMEs…
The head of Tehran’s Chamber of Commerce, Industries and Mines, Masoud Khansari says sustainable growth demands structural reforms in the economy and the banking sector in particular.
Tejarat Bank ATMs encourage users not to take out print receipts for their banking operations, as part of the bank’s environment-friendly campaign. Social media users have welcomed the move,…
Stocks are not things to dabble in these days. Tehran Stock Exchange’s main index sank to its lowest in three months on Wednesday.
Equities have fallen for the 12th straight day, with no…
Iran is home to more than 100 pharmaceutical firms, most of which produce generics or biosimilar drugs, while a large number of knowledge-based companies have also been established in recent years…
