Insurance startups say implementing measures that promote competitiveness by the regulator is the key for the growth of the sector.  Officials from the Central Insurance company of Iran,…

The governor of the Central Bank of Iran, Ali Salehabadi, says the regulator will work to curb interbank rates in line with monetary policy. 

Iran’s capital market made available 635 trillion rials ($2 billion) in the first quarter of fiscal 2022-23 (ending June 21).  This was 31% lower compared to 926 trillion rials ($2.9b)…

Boris Johnson does not want to resign as prime minister and wants to fight the next general election as leader of the Conservative party, according to former party treasurer Lord Cruddas of…

A total of 1.19 million tons of seafood were produced in Iran during the last Iranian year (March 2021-22), registering a 6.27% decline compared with the year before, according to data released…

Trade between Iran and African countries stood at 807,180 tons worth $483.56 million in the first quarter of the current fiscal year (March 21-June 21). South Africa with 229,834 tons worth $…

The Statistical Center of Iran has published its latest report on construction permits issued in Tehran and throughout the country during the fourth quarter of last fiscal year that ended on…

The daily tally of Covid cases across Iran jumped beyond the 11,000 mark on Tuesday and overnight mortalities rose to 41, the Health Ministry’s daily update said.  Daily infections climbed…

The United States is the party which needs to prove its good faith and seriousness to re-enter the 2015 nuclear deal, a senior Iranian diplomat said after Washington laid the responsibility on…

The Persian Gulf Petrochemical Industries Company is ready to cooperate with leading German companies in chemical and petrochemical industries, managing director of PGPIC said.

Power generation at Manjil Wind Farm in Gilan Province during the fourth month of the current Iranian year (June 22-July 22) increased by 2,800 megawatt hours compared to the previous month, a…

The oil and gas sectors are among the most lucrative industries for investment in Iran, considering the country’s potential, but pinning all hopes on Russian firms is not a wise policy, a…

A knowledge-based company has designed a liquid nitrogen storage unit for the first time in Iran, which is used to store different types of biological products. With the production of this…

The seasonal ban on rice imports will not be enforced in the current year, says the deputy head of the Islamic Republic of Iran Customs Administration, Mehrdad Jamal Arvanaqi. Every year,…

The term “north-south corridor” has been frequently heard in Iran’s economy in the past two decades, which was conceived in St. Petersburg as a network of sea, road and rail transportation…

Stocks took a fresh drubbing on Monday amid uninterrupted capital outflow and uncertainly among retail investors.  The benchmark of Tehran Stock Exchange, TEDPIX, lost 24,342.31 points or…

The Energy Ministry has revised crypto mining regulations to help ease miners' access to renewable power. As per a decree, miners are no more obliged to use on-site power plants and can buy…

The Governor of the Central Bank of Iran, Ali Salehabadi, said goals anticipated in the Seventh Five-Year Economic Development Plan should be realistic and accessible. The sixth plan ended last…

Repaying forex debt to the National Development Fund of Iran has improved in the past ten months, a member of the NDFI executive board said.   Alireza Mirmohammad-Sadeqi said companies…

Iran traded 12.63 million tons of goods worth $7 billion with the six Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, in the first quarter of the…

“Hotels and restaurants” registered the highest year-on-year inflation of 84.7% in the fourth month of the current Iranian year (June 22-July 22) among the 12 groups of goods and services…

Economic development is always accompanied by an improvement in the quantity and quality of production. 

A total of 4.44 million tax declarations have been submitted by real entities in the current Iranian year (March 2022-23), indicating more than a 50% increase compared with last year, says an…

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in US interest rates would weaken fuel demand. Brent crude futures for September settlement fell…

Although the conversion of single-cycle power plants (gas-powered) into combined cycles can help significantly raise efficiency, the severity of water shortage in Iran will scuttle such plans, a…