Iran's insurance market reported decent growth in the last fiscal year (March 2022-23), with the total premium income reaching 1,754 trillion ($3.2 billion).  The y/y growth was 49.95%,…

The Central Bank of Iran has told banks to raise fees for banking services in rial and electronic modes. It also unveiled a long-awaited fee model for transactions per which payment acquirers,…

The government of Iran has donated a consignment of essential medicines, including cancer medicines, worth over $1.8 million to Sri Lanka. Iran’s Ambassador to Sri Lanka Hashem Ashjazadeh…

The Purchasing Managers' Index for Iran’s economy experienced a significant drop in the first month of the current fiscal year (March 21-April 20), new data released by the Statistics and…

The phenomenon of dollarization has yet to emerge in Iran’s economy, i.e., the rial is still being used in transactions, though the daily increase in prices affected by the value of US dollar…

The government has reported a considerable increase in its purchases of domestically-grown wheat in the 37 days ending May 3. CEO of Government Trading Corporation (GTC) of Iran Saeed Raad said…

Iran and African countries traded 2.54 million tons of goods worth $1.27 billion in the fiscal 2022-23 (ended March 20), registering a 1.61% decline in terms of weight, but a 2.24% rise in value…

The Fifth Iran Export Potential Exhibition, also known as Iran Expo 2023, opened in Tehran on Sunday. President Ebrahim Raisi, deputy foreign minister for economic diplomacy, Mehdi Safari, the…

Executive operations for the construction of Borujerd Combined-Cycle Power Plant has started in the namesake county, Lorestan Province, the head the Thermal Power Plant Holding Company said.

Although Iranian oil and gas equipment and machinery can compete with foreign brands, manufacturers still cannot have their fair share in international markets, head of the Iranian Oil Equipment…

Despite all completed and ongoing water projects in Ahvaz, Khuzestan Province, water quality in the southern oil city has not improved, the head of the Water Affairs Faculty at Shahid…

A knowledge-based company has produced a core acidizing device that helps improve the extraction process from oil wells. Acidization is one of the widely used methods in the well stimulation…

The Education and Research Institute, affiliated with the Iran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to host a seminar titled “The Outlook of Developing Economic…

A total of 56,298 tons of pistachio worth $405.04 million were exported from Iran in the financial year 2022-23 (ended March 20), registering a 58.4% and 55.7% fall in terms of weight and value…

A total of 86,000 tons of goods were exported from Mazandaran Province during the first month of the current Iranian year (March 21-April 20), registering a 45% rise compared with the…

Holding officials accountable, focusing on succession planning, forming a team of professional consultants and providing solutions based on expert studies are among the priorities of the new…

Indian Foreign Minister Subrahmanyam Jaishankar noted the progress made on Belarus’ and Iran’s path to become full-fledged members of the Shanghai Cooperation Organization.

The CEO of Tehran Stock Exchange Technology Management Company said that a domestically-developed trading system is expected to make debut by the end of this fiscal year in March. However "the…

Tehran Stock Exchange's main index, TEDPIX, gained 20,562.49 points or 0.82% on Saturday to end at 2,535,236.56.The TSE equal-weighted index climbed 1.70%. About 26.7 billion shares worth 200.…

Tehran Stock Exchange is set to list the first project-based company, an official said. 

Interbank rates declined 0.07% last week after rising for several weeks, Central Bank of Iran data said.  Rates reached the highest levels in seven years in the previous weeks, According…

Sharing of experiences between Iranian and Uzbek parliaments would be a positive and effective step toward developing the two countries’ bilateral ties, the Iranian president said.  He…

Rebar accounted for the biggest share of finished steel exports from Iran in the fiscal 2022-23 (ended March 20) with 2.42 million tons of shipments.  The total volume of Iran’s rebar…

Iran’s trade with BRICS member states, namely Brazil, Russia, India, China and South Africa, reached 47.99 million tons worth $38.43 billion in the fiscal 2022-23, registering a 0.81% and 14%…

Iran Chamber of Commerce, Industries, Mines and Agriculture is hosting the Iran-Kyrgyzstan Business Conference on May 7 in cooperation with their joint chamber of commerce. Temir Sariev, the…