The governor of the Bank of England has warned there is "very real income shock" coming from energy prices and "apocalyptic" food prices but stood by the Bank's policy decisions.

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The benchmark of Tehran Stock Exchange, TEDPIX, on Tuesday broke past the strong resistance level of 1.6 million points – the same place 20 months ago.  The market cap-weighted TEDPIX…

The Central Insurance company of Iran (CII), the state regulator of the industry, says it has launched a special unit to support insurtech startups. Promoting insurance-related startups was…

Senior financial and economic officials found flaws with the functioning of the National Development Fund of Iran and underscored the need to improve its efficiency. One of the main concerns is…

The loan-to-deposit ratio (LDR) of banks and credit institutions has been of the ascending order for four straight months, indicating a higher inclination to lend. It was 82.8% by end of the…

A high-ranking commercial and marketing delegation headed by Alireza Peymanpak, the head of Trade Promotion Organization of Iran, recently visited Muscat, the Omani capital.

Iran and Turkey traded $1.41 billion worth of goods in the first three months of 2022 to register a 43.23% year-on-year rise, latest data by the Turkish Statistical Institute show. Iranian…

The sale of industrial bread has declined by 60-70%, following the government’s decision to discontinue flour subsidies, says Mohammad Javad Karami, the head of Leavened and Semi-Leavened Breads…

Iran closed down schools, universities and offices on Tuesday as dust storms choked Tehran and western areas in the country and rose air pollution to dangerously high levels. Dusts and…

The Research Center of Iran Chamber of Commerce, Industries, Mines and Agriculture has assessed the fiscal 2022-23 Budget Law and its impact on the business environment in a report. 

The National Iranian Oil Company and the Oil Turbo Compressor Company (OTC) will soon sign a contract for manufacturing 14 turbo compressors, which will help save $2.2 billion annually, the head…

A new solar farm in Jiroft County in the southern Kerman Province was linked to the national power grid on Tuesday.  The privately-owned station increased solar photovoltaic capacity in…

Latest data from the Water Research Institute, a subsidiary of the Energy Ministry, show the average water level in the Caspian Sea has dropped by 21 centimeters in 2021, up 19 centimeters…

Mobile Telecommunications Company of Iran, also known as MCI or Hamrahe Avval, launched the fifth generation of internet for the first time in Iran on Kish Island. Kish residents have started…

The Securities and Exchange Organization (SEO) says it will facilitate funding for the housing sector by launching new instruments.  Speaking at a ceremony at the Iran Mercantile Exchange…

After announcing the decision to lift the car import ban, the government is encouraging the import of more economical vehicles.

Competition remains intense in the retail electronic payment industry, with Saman Electronic Payment company topping the list of service providers in terms of the total number of transactions in…

The Central Bank of Iran says the supply of currency for imports outpaced damned over the past three weeks.  “Forex resources are enough to fully cover imports as well as [needs of] the…

The specialized commission for carpets, handicrafts and tourism of Iran Chamber of Cooperatives is petitioning the government to repeal the Central Bank of Iran’s export revenue repatriation…

Iran’s trade with member states of Shanghai Cooperation Organization stood at 54.86 million tons worth $37.17 billion in the fiscal 2021-22 (ended March 20), registering a 33% growth compared…

The Russia-Ukraine war, while having a devastating humanitarian impact, presents an opportunity for Iran’s mining sector to grow, says Mohammad Reza Bahraman, chairman of Iran Mine House, in an…

Goods smuggled in and out of Iran annually amount to $17-18 billion, according to the head of the Headquarters to Combat Smuggling of Goods and Foreign Currencies.

Iraq’s decision to file a lawsuit with the International Court of Justice against Iran over blocking the outflow of water from border rivers carries no legal weight, the head of the Energy…

Oil prices fell on Monday, paring early gains as investors took profit following a surge in the previous session, albeit in the shadow of supply fear as the European Union prepares an import ban…

The National Iranian Oil Company plans to sign a $7.5-billion contract on the development of joint fields with a consortium of domestic companies, managing director of NIOC said.