Pointing to a world average of 7% capital turnover in the insurance industry, Morteza Bank, a high-ranking official in President Hassan Rouhani’s office said the figure in Iran is a paltry 2%.
Economy
The Central Insurance Company of Iran has put in place a comprehensive plan for the insurance industry in the post-sanctions era, the company’s deputy director for reinsurance said Tuesday.
Iran’s National Library and Bank Day have signed a two-year agreement to publish well-designed books and help foster book-reading culture. According to bank’s official website, the two sides…
The CEO of Bank Keshavarzi (agro bank) says his bank has been approved by regulatory bodies as the official agent for purchasing key agricultural products. According to the bank’s website, Morteza…
About 120 million square meters of machine-woven carpets are produced every year, announced a member of the board of directors at Apparel and Textile Producers and Exporters Associations, Ali…
A group of French investors paid a visit to Imam Khomeini Special Economic Zone on Tuesday to explore the economic advantages of investment in the largest port of the country.
A senior Iranian official called on Japan to share its experience and expertise in privatization and the two sides discussed avenues of cooperation and investment.
Iran needs to implement fiscal frameworks and inflation targeting to attain higher growth rates while keeping prices stable, according to a recent report published by the Central Bank of Iran's…
More than 300,000 tons of goods valued at $66.3 million were exported from Semnan Province during the first half of the current Iranian year (started March 21), said the head of Semnan Customs…
Karaj-Qom and Qazvin-Tehran state-owned freeways are set to be handed over to the private sector for restoration, announced the head of Road Maintenance and Transport Organization, Davoud…
The Securities and Exchange Organization has given the green light to the issuance of two new sukuks (Islamic bonds) in Iran Fara Bourse (over-the-counter market). Three investment banks Mellat,…
The potential return on investment in Iran outweighs the risks, said the head of Iran Chamber of Commerce, Industries, Mines and Agriculture's Iranian-Foreigners Investment Association on…
A leading Iranian company has signed a cement deal with a multinational Danish company in the Iranian Mines and Mining Industries Development and Renovation Organization’s headquarters in Tehran…
Tehran Stock Exchange’s benchmark pulled up 180 points or 0.29% on Wednesday’s close to end at 61,389.8.
Iran Mercantile Exchange saw the offering of 65,000 tons of bloom ingots by Khuzestan Steel Company on the Industrial and Mining board on Tuesday.
Disposable plasticware started to grow in popularity in the late 20th century and is widely used in Iran. However, the market for such products has changed dramatically in recent years, driven…
Volkswagen plans to launch in January a recall of vehicles with software at the center of the emissions-rigging scandal and aims to fix them all by the end of next year, the company's new chief…
In a surprise move, Arian Motors, previously the sole distributor of Mitsubishi cars and pickups, has announced it will be the sole distributor of Citroen's premium DS brand of vehicles in Iran.…
Japan is seeking Iranian business partners to start manufacturing vehicles and auto parts inside Iran, the chairman of Japan External Trade Organization said in a recent announcement.
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A hybrid electric-fuel cell vehicle made at Khajeh Nasir Toosi University of Technology was unveiled this week at the university's Faculty of Computer and Electronic Engineering.
The…
Azadi gold coin rose slightly on Tuesday as gold prices surged in global markets. By 2:20 pm the benchmark coin was sold at 9.29 million rials ($310 ) or .65% up from yesterday’s close.
Economy Minister of Germany’s Lower Saxony state, Olaf Lies, accompanied by a 100-strong trade delegation, met with top Iranian officials in Tehran on Monday to discuss trade and investment…
Strong ties between Iran and Croatia should lead to expansion of bilateral economic relations, said Croatian Parliament Speaker Josip Leko, who is leading an economic delegation to Iran, in a…
Around $50 million worth of fodder were exported to 11 countries during the past Iranian year, says head of Iran Feed Industry Association, Majid Movafeq Qadiri. Furthermore, the government is in…
Saffron production in the current crop year is expected to reach 300 tons, which would indicate a 43% increase compared to last year, says Ali Hosseini, a member of National Saffron Council. The…
