A large part of the Islamic Republic of Iran Shipping Lines’ fleet has regained protection-and-indemnity cover from Steamship Mutual.
More than 50 IRISL vessels have been entered in the…
Economy
Iran Center for E-Commerce Development, e-commerce industry’s top body, is set to regulate the operation of unofficial payment tools, referred to as aggregators, after profiling owners and their…
The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect and mismanagement…
Bank Mellat, a leading Iranian privatized bank, has fully established corresponding relations with more than 100 lenders worldwide, said an official of the bank.
A total of 11,800 housing units were sold in Tehran during the month ending Dec. 20, marking a 5.9% drop in the number of home deals compared with the same period of last year. Home deals also…
Iran's economic growth during the first half of the current fiscal year (started March 20), excluding the oil sector, stood at 4.5%, the government spokesman and president of Planning and Budget…
Chabahar Free Zone in southeastern Sistan-Baluchestan Province will host the International Conference on Investment Opportunities in Makran on January 23-24.
Iraj Tajeddin, a spokesman of…
The annual cost of holding a prison inmate in Iran is nine times as much as that of a student.
The average Producer Price Index in the 12-month period ending December 20, which marks the end of the Iranian month of Azar, reached 3.5% compared with last year’s corresponding period. According…
Some 300,000 work permits have been issued for foreign nationals in Iran, according to an official with the Ministry of Cooperatives, Labor and Social Welfare.
“The permits issued are in…
Tehran Chamber of Commerce, Industries, Mines and Agriculture is planning to send a delegation of Iranian companies to the Czech Republic and Denmark from January 29 to February 3, 2017.
Baku is hosting a joint business forum between Iranian and Azerbaijani entrepreneurs on Dec. 27.
Esfahan Steel Company has signed a draft contract with Iraq’s General Company for Trading of Construction Materials, owned by the Iraqi Ministry of Trade for exporting iron products.
Mobarakeh Steel Company signed its first foreign investment deal worth $7.53 million with Finland’s Ecofer.
The deal, based on a build-operate-transfer contract, entails Ecofer providing…
The Iranian printing industry is out of recession and is well on the verge of a development boom.
The statement was made by Minister of Culture and Islamic Guidance Seyyed Reza Salehi-Amiri…
Certain industries are poised to benefit from the current market dynamics in the next six months ending June 21, 2017.
This was the conclusion of a report in the Persian daily Donya-e-…
Rising foreign exchange rates over the past several weeks is pushing up the price of raw material for automakers according to the secretary of Iran’s Automakers Association. He has called on the…
Volkswagen will unveil a concept for a self-driving electric minibus at the Detroit auto show next month as the automaker prepares to challenge Uber with its new Moia mobility services division.…
German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country’s quality regulator and the company, AFP reported on December 26.Some…
Lawmakers approved measures on Saturday requiring the Central Bank of Iran to prepare the grounds for undertaking constant oversight over the banking sector by establishing an online supervisory…
The greenback's rate reached 41,000 rials on Sunday, recording a new all-time high.
Subsequently, Governor of Central Bank of Iran Valiollah Seif said banks should reclaim their “historic…
Government-owned Banks Coordination Council and the Association of Private Banks and Credit Institutions have jointly written a letter to First Vice President Es’haq Jahangiri, asking him to…
The recent hike in the US dollar’s exchange rate in the Iranian market after the greenback gained against all other major currencies does not equal a weaker rial, claims a deputy economy minister…
More than 223,000 tons of non-oil goods valued at $70.2 million were exported to Brazil during the eight months to November 20. Export was a meager $4.5 million for last year’s corresponding…
Mofid Brokerage is keeping its edge over other brokers using its dominance of online trading.
Online trading is steadily gaining popularity in Iran, despite high transaction costs and…
