Economy

Central Bank of Iran has permitted all banks to sell mortgage-backed securities, in an attempt to attract investments to the housing sector.

Lawmakers Tuesday revoked previous rules that required state organizations to buy their policies only from the Iran Insurance Company, the only state-owned insurer in the market, Fars News Agency…

Iran and Germany have reached an agreement over Iran’s €500 million ($578.9 million) Hermes cover debt, said Iran's deputy minister of economy, Mohammad Khazai on Tuesday, during a meeting of the…

High-ranking representatives of the State Secretariat for International Financial Matters (SIF) and of the Central Bank of Iran (CBI) met for the first time in Bern on Monday for financial…

More than 70% of the spectacles and sunglasses available in the domestic market are contraband, the head of Tehran’s Union of Manufacturers and Sellers of Glasses said.

“Some 25% of the…

Caran d’Ache SA, a century-old Swiss maker of writing instruments, supplied Iranian schoolchildren with pencils before the 1979 Islamic Revolution. Now, it’s betting on a partnership with a…

The Eighth International Course on Islamic Capital Market opened in Tehran's Azadi Hotel on Tuesday with a keynote speech delivered by Iran's Minister of Economic Affairs and Finance Ali Tayyebnia…

Based on a new parliamentary legislation, any government contract with foreign parties worth over $10 million requires a tender notice, which can be domestic or international. In special…

Tehran Stock Exchange’s all-share index TEDPIX lost 241 points or 0.31% to end Tuesday trade at 78,044.4.

Losses incurred by oil and petrochemical companies were the main cause of the…

A conference hosting hundreds of Iranian and German business figures was held in Tehran on Tuesday. President of the Organization for Investment, Economic and Technical Assistance of Iran Mohammad…

South Korea and Iran can create a win-win situation if they work together in infrastructure projects in Iran.

The statement was made by the visiting South Korean President Park Geun-hye in…

Iran Chamber of Commerce, Industries, Mines and Agriculture has set out cooperation priorities with five countries in Asia and Europe, namely China, Germany, Austria, Denmark and Portugal.

Alexander A. Gorjinia, the federal executive board representative of German Business Council, Wirtschaftsrat Deutschland, met with Masoud Khansari, the head of Tehran Chamber of Commerce,…

The 13th meeting of Iran-Belarus Economic Commission, headed by the Iranian Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and his Belarusian counterpart Vitaly Vovk, opens in…

Iran’s need for rice imports stands at 1 million tons annually, says deputy agriculture minister. “Domestic demand is about 3 million tons per year, while production stands at 2 million,” Ali…

A new health-focused app has been developed and released in Iran.

Karafs (meaning celery in Farsi) is an application that utilizes scientific methods to help users maintain a balanced…

German researchers have discovered a handwritten manuscript of Iran’s Avicenna in which the Persian philosopher and scientist watched a phenomenon now known as a supernova. A brief observation of…

The discovery of three planets that circle a small, dim star could bolster the chances of finding life beyond Earth, astronomers said on Monday.

Head of Shiraz University's International Relations Office said 20 memoranda of understanding have been signed with several foreign universities in the past two years.

Zohreh Azimifar made…

A senior official said Sunday Iran has filed a lawsuit against the US at the International Court of Justice over a US Supreme Court ruling which would transfer over $2 billion in frozen Iranian…

South Koreas’ KEB Hana Bank is willing to start cooperation with Bank Melli Iran, KEB president and CEO Ham Young-joo said during a visit to BMI headquarters on Monday.

“South Korea has…

Implementation of the nuclear accord between Iran and six world powers in January has helped open new vistas for Tehran reconnecting it to the centers of international political and economic power…

Export Guarantee Fund of Iran (EGFI), and its South Korean counterpart, Korea Trade Insurance Corporation (K-sure), took practical steps on Monday to promote two-way trade by signing an MOU at the…

The banking sector lent a total of 4.17 quadrillion rials ($137 billion) during the fiscal year that ended on March 19 -- a growth of 22.2% compared to the previous year. A press statement from…

Tehran Stock Exchange’s all-share index TEDPIX shed 99 points or 0.13% to settle Monday trade at 78,285.4 on losses incurred by large-cap petrochemical, investment and copper companies.

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