Economy

After Siavash Zera’ati resigned as the chief executive of Bank Saderat more than a week ago for unannounced reasons, Hojjatollah Seyyedi has been appointed to take the helm of the commercial…

Iran’s stock market was down on all fronts last week, as systematic risks, sliding oil and base metal prices coupled with heavy sales by institutional investors, and a further rial devaluation…

The flawed management of foreign exchange market in Iran has led to damaging consequences for Iran’s economy, a former president of Iran Chamber of Commerce, Industries, Mines and Agriculture…

The Producer Price Index for the mining sector in the 12-month period ending Dec. 21, 2017, which marks the end of fall, increased by 11.2% compared with the same period of last year, the…

President Hassan Rouhani inaugurated three iron ore and steel projects in Sirjan County during his visit to Iran’s southern Kerman Province.

Bank Saderat is gearing up for downsizing, as it plans to sell off shares in five of its subsidiary companies.

Iran was the third biggest trading partner of Iraq in 2016.

Turkey, with a 22% share in Iraq’s foreign trade, is Baghdad’s top trade partner followed by China with a 20% and Iran with a…

The main Iranian mobile operator Mobile Telecommunication Company of Iran (MCI) reported Thursday that it has expanded its 3G and 4G network and now has coverage in all 1,246 Iranian cities. The…

Japan’s Financial Services Agency raided Coincheck Inc.’s offices a week after the cryptocurrency exchange lost about $500 million to hackers, hauling out documents and computers as evidence.

Amazon.com Inc has reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and…

For the first time in 25 years, about 10 kilograms of Iranian farmed caviar worth 600 million rials ($13,000) were exported to the United States in the last fiscal year (March 2016-17), an…

Minister of Economic Affairs and Finance Masoud Karbasian has expressed Iran’s readiness to host the 12th meeting of Azerbaijan-Iran Economic Commission.

“We are ready to hold the…

Iran is having a strong presence in the First International Industry, Innovation and High-Tech Exhibition that opened in Ashgabat, capital of Turkmenistan, on Wednesday.

At the end of the current fiscal year’s seventh month (Sept. 23-Oct. 22), the balance of monetary base rose by 18.3% from a year earlier and by 9.2% from the year’s beginning.

Trade between Iran and Sweden stood at €409 million during the 11 months to Nov. 30, 2017, registering an 86% hike compared with the similar period of last year, based on the latest Eurostat…

Iran’s private sector has called on the government and lawmakers to create a fund that would sustain businesses in times of hardship.

Organizing the unlicensed credit and financial institutions is among the government's biggest achievement, President Hassan Rouhani announced in a recent TV interview.

Rouhani noted that…

Iran Insurance Company, the nation's sole state-owned insurer, plans to offer earthquake insurance policies for residential units, an official with the company said.

Tehran’s foreign exchange market on Wednesday heated up again, as the rial weakened 1.1% and was quoted at 46,190 against the dollar. The greenback had backtracked slightly earlier this week,…

Tehran Stock Exchange’s main index lost 424.28 points or 0.43% to end Wednesday trade at 98,133.5.

About 979 million shares valued at $118.85 million changed hands at TSE for the day.…

Close to 40 billion cigarettes were produced in Iran during the first 10 months of the current Iranian year (started March 21, 2017), registering a 12% increase compared with last year’s…

Iran Privatization Organization plans to sell 5 trillion shares in public companies to the private sector during the remaining two months of the current fiscal year (Jan. 21-March 20), the…

The resumption of rice imports by Iran could give a fillip to India’s basmati shipments that have risen by about a fourth in rupee terms in the first eight months of the current fiscal year (…

Full-service stock brokerage industry in Iran’s capital market has recently come under pressure.

There are mostly two main key drivers for this: regulatory compliance and ongoing quest…

Brazilian miner Vale is seeking to sell un-mined cobalt worth hundreds of millions of dollars to investors, as speculation rises over a shortage of the metal needed to make batteries, sources…