In Iran there has been a culture among families to create small funds to meet members’ demand for financial support. People create the family funds without requiring paying any, or in some cases…
Economy
Economy
For a long time now different types of insurance schemes, including third-party liability insurance, collision coverage, fire insurance, complementary health insurance, and life insurance have…
Economy
Deutsche Boerse expects a decision soon in a US legal battle involving its Clearstream subsidiary and had set aside 4.5 million euros ($5.13 million) in legal provisions at end-2014 in…
Economy
MCI Iran (Hamre-e-Aval) has announced a proposal to increase broadband speeds within Iran. The draft proposal was presented at a ceremony in Tehran’s Milad Tower complex on Thursday, according to…
Economy
An official at the Geological Survey of Iran says pollution in zinc, lead, and gold mines is higher than that in other mines, calling for protective measures to be taken by the Department of…
Economy
Due to lack of sufficient government support for domestic lead and zinc sectors, Iranian investors now prefer to invest in countries such as Turkey, said a member of the Iranian Lead and Zinc…
Economy
Suffering from financial instability due to western sanctions, tumbling oil prices, and unsettled investors’ trade approach, the Tehran Stock Exchange (TSE)’s benchmark has dropped 14,175 points…
Economy
More than 420,000 metric tons of various commodities were offered at the Iran Mercantile Exchange (IME) on Wednesday, reported the IME’s Public Relations and Foreign Affairs Office.
On the…
Economy
As the government has recently increased taxes on automobiles, manufacturers have been left with no choice but to raise prices to compensate their loss, deputy minister of industry, mine, and…
Economy
Automated Teller Machine or ATM has entered its third decade of presence in Iran. Bank Sepah, the very first Iranian bank, was the first to introduce the machine in 1992 by installing it in its…
Economy
Judiciary Chief Ayatollah Sadeq Larijani has criticized the banking system for providing loans without receiving sufficient or valid collaterals, IRNA reported. The judiciary will soon…
Economy
Lawmakers have made a decision that would allow the Central Bank of Iran to resume printing and distributing 'Iran Checks', urging the bank to adhere to the limits set by the Money and Credit…
Economy
Tehran’s largest technology mall called Charsou meaning four-ways has opened as the Iranian New Year is approaching. The mall primarily selling technology items and home appliances has touted…
Economy
Despite a meaningful decline in inflation in recent months, commercial banks still resist to cut interest rates on deposits and loans. The maximum rate lenders offer on deposits stands at 22…
Economy
About 100 metric tons of saffron worth $201 million was exported in the first ten months of the current year (March 21-January 20), Mahmoud Bazari, an official at the Trade Promotion Organization…
Economy
The administration has allocated 1,800 billion rials ($65.1 million at official exchange rate) to the development of rural areas Abolfazl Razavi, an official with first vice presidency’s rural…
Economy
The 2nd edition of the International Exhibition of Poultry, Livestock, Fishery and Related Industries opened on the southern Persian Gulf island of Kish on Wednesday.
Economy
Baghdad has welcomed Tehran’s proposal for establishing industrial towns and an auto manufacturing company in Iraq to produce cars under the banner of Iraqi brands, ISNA reported.
Economy
Located in arid regions of Iran with minimal annual precipitation, Isfahan province has been struggling with drought for seven years. Nevertheless, it is obliged to exploit maximum capacity in…
Economy
Iran’s civil aviation industry has undergone serious challenges in the past decades, mainly because of the sanctions imposed by the West after the 1979 Islamic Revolution and later on due to…
Economy
Afghanistan is the fourth major export destination for Iranian commodities, Iran’s Ambassador to Kabul, Mohammad Reza Bahrami said in the gathering of Iranian industrialists and businessmen…
Economy
Iranian apples are being sold in Emirati supermarkets at higher prices than their American and French rivals, Sadreddin Niavarani, the deputy manager of the union of fruit exporters and importers…
Economy
On the occasion of the new Iranian year (starting on March 21), direct supply centers in four locations in Tehran will provide subsidized fruits and food products to people, Tehran’s Deputy…
Economy
A look at the figures from the past four decades will indicate that except for a short-lived period, Iran’s economy has been struggling with skyrocketing inflation rates, including 50% in 2006 and…
Economy
The progress of Persian Gulf Bridge construction which will connect Qeshm Island in the Persian Gulf with the mainland has been accelerated and is expected to be completed within the next three…
Economy
