Economy

Clothes are not subject to Consumers and Producers Protection Organization pricing and their selling prices are set by the manufacturers based on the market’s supply and demand, said the deputy…

The government has allowed dairy manufacturers to raise the prices of milk, yogurt and cheese by up to 10 percent, Mehr News Agency reported. Managing director of Cattlemen’s Association, Seyed…

The Supreme Council of Insurance has notified insurance companies of new regulations approved on June 16, seeking to tighten employment rules at the insurance firms.

Central Insurance of…

T he US dollar extended its gains on Monday, taking other major currencies higher against the rial. Investors shied away from the Iranian currency due to indications that Iran and the six world…

Governor of the Central Bank of Iran Valiollah Seif said his bank would not cave in to pressure from outsiders or compromise its crackdown on unlicensed credit and financial institutions.

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The Central Bank of Iran has allowed Arman Credit Institution to hold its general meeting within the next 25 days to support the newly authorized credit and financial institution, announced the…

Businesses around the world are preparing for the largest geopolitically triggered financial bonanza since the 1991 Soviet breakup: Iran’s reopening for business.

A seesaw trade amid all-embracing overreactions to the lingering nuclear negotiations between Iran and the P5+1 ended in an uptick for Tehran Stock Exchange benchmark on Monday.

Sponge iron production surpassed expectations at 216,000 tons during the first quarter of the current Iranian year (March 21-June 21), creating a surplus of more than 10,000 tons in the domestic…

The Ministry of Industries, Mining and Trade has approved a plan aimed at reactivating the abandoned mines across the country, the official in charge of the plan announced.

“There are many…

The latest report published in 2015 by the International Organizing Committee for World Mining Congresses shows Iran ranked eighth in 2013 in terms of the value of produced minerals.

A board member at Iran Steel Producers Association, Bahador Ehramian, has ruled out the possibility of a dramatic fall in domestic steel production during the current Iranian year (started March…

US auto sales are headed into a strong summer, likely to help produce new-car sales of more than 17 million for all of 2015 potentially making this year the third-best year ever.

Ford USA is entering the car-sharing market with a program that will cut Ford Credit customers' vehicle costs by enabling them to rent out their cars to third-party individuals.

Germany’s Volkswagen plans to launch a family of low-cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said on Sunday. “We will bring a budget car family to…

Private Iranian airline Mahan Air's newly purchased Airbus planes are flying on schedule, said general manager of the Imam Khomeini International Airport, Hamidreza Seyyedi.

Airbus chief executive Tom Enders may despise European politicians for interfering with his futuristic drone project, but he does admire, at least, the French government for having sent an…

Tehran Stock Exchange’s overall index recorded its biggest retreat since June 9 at Sunday’s close amid growing uncertainties in the runup to the end-of-June deadline for the ongoing nuclear talks…

Minister of Industry, Mining and Trade, Mohammad Reza Nematzadeh, announced his ministry’s general policies for the current Iranian year (started March 21).

Iran Fara Bourse’s sentiment was negatively affected by lingering ambiguities at the equity market, and its overall index IFX slipped 10.78 points or 1.48 percent to close at 724.36 on Sunday.…

Based on a memorandum of understanding signed between Central Bank of Iran and Ministry of Cooperatives, Labor and Social Welfare, 600 credit cooperatives will be authorized to operate in the…

AvivaSA, one of Turkey's leading private pension and life insurance company has made an official bid to enter Iran's lucrative market. The Turkish insurer filed a formal request with the Central…

T he rial fell against all major currencies on Sunday following negative cues about the negotiations between Iran and the six world powers. Stocks also tumbled.

An accord to curb Iran’s…

A development bank for small and medium enterprises will be established within two years, officials said.  Gholamreza Soleimani, deputy head of Small Industries and Industrial Parks , said a…

Data released by Iran’s Customs Administration show that the total value of saffron exports ,including retail and wholesale, in the first two months of the current Iranian year (started March 21)…