Economy

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…

Germany’s scandal-hit auto giant Volkswagen has suspended its chief lobbyist Thomas Steg as outrage mounted over monkey and human experiments to study the effects of diesel exhaust fumes.

Plans to float a 15.8% of controlling stake in Iran’s largest auto producer, Iran Khodro Group, were terminated in the early hours of Wednesday.

After weeks of speculation about the banking problems of Iranian students and businesses in China, which ranged from difficulties in conducting transactions to the total closure of accounts, a…

The Central Bank of Iran recently revoked the licenses of eight credit cooperatives. According to the latest update in the list of these financial institutions with the monetary regulator, the…

The Iranian insurance industry issued 42.7 million insurance policies in the first nine months of the current fiscal year to Dec. 21, 2017, which indicate an increase of 20%, the head of the…