Iran took a meaningful stride toward upgrading its banking and financial laws closer to international standards with the Guardians Council ratifying a long-pending bill to counter money laundering…

Love is like war, easy to start but very hard to stop, said H. L. Menken, notable American author. But the saying can be ascribed, albeit much less poetically, to describe the cocktail of woes…

Heads of transportation departments of the five Caspian littoral states clinched an agreement in Tehran on Wednesday to expand multilateral cooperation in key areas including maritime transport…

Housing officials from Asia-Pacific nations on Sunday called for sustainable polices to address critical urban challenges in the region's mega cities.

The US dollar is in the midst of an intensive bull run, with the currency again crossing the psychological threshold of 35,000 rials. On Saturday, however, the currency entered new territory to be…

Senior bankers reached a deal Saturday to lower deposit rates, ending weeks of wrangling on whether or not a rate cut by the Central Bank of Iran would be met with lenders' approval.

Ardeshir Atai is one of the Iranian professionals who have recently returned home from abroad to practice their careers, but he also is part of the growing numbers arriving steadily to be part of…

American comedian Bob Hope once said “A bank is a place that will lend you money if you can prove that you don’t need it.” The maxim might have then been a tad cynical, but after the 2008…

The Ministry of Roads and Urban Development on Saturday opened a major conference to showcase investment opportunities worth €25 billion ($28 billion) in Iran.  Key investment areas include…

The International Monetary Fund's Article IV Consultation team is in Iran to assess the country's economic health. The team visited Bank Maskan on Monday on the latest leg of their tour, which…

If the recent saga of woes crashing upon banks has had any hidden benefit for them, it should be the lessons they were taught in fair lending. After banks splurged the better portion of their…

The dog days of summer are coming to an end but there is no tangible upswing in the dormant real estate market. The recession-plagued industry has been awaiting relief after the price bubble burst…

The US dollar continues to rattle the foreign exchange market with gains in the free market. The currency posted a weekly gain against the rial, taking a heavy knock on Monday amid news that the…

Data released by the Central Bank of Iran for the month ending April 20 shows that banks faced a huge challenge in the past year in holding on to their deposits. The downward spiral began well…

Gold prices in Tehran have experienced odd Sunday spikes for three weeks in a row. Despite dipping prices in global markets and the relative stability in foreign exchange rates, benchmark bullion…

Governor of the Central Bank of Iran Valiollah Seif Saturday renewed his pledge to allow the market pressure play a key role in setting the value of the rial. Seif criticized moves by the previous…

A  memorandum of understanding was signed between Bank Maskan and New Town Development Company—a subsidiary firm of the Ministry of Roads and Urban Development-- as the first “Property…

The US dollar continued its weekly surge against the rial to hit a five-month high in the free market.

As of 1010 GMT, the greenback was traded at 34,200 rials at bureaux de change across…

Fortunes have turned for bureaux de change operators throughout the country. As the deadline to register with the regulator ended on last Wednesday, it rattled the nerves of bureau owners,…

The head of the Coordination Council of Public-Sector Banks defended the recent interest rate cut enforced by the Central Bank of Iran, saying current market conditions do not allow for…

A main square in the capital was renamed after an Armenian war martyr at a ceremony on Saturday. A first of its kind, the event was attended by representatives of the Armenian community in Tehran…

Governor of the Central Bank of Iran Valiollah Seif announced on Friday that the Money and Credit Council has laid the groundwork for further cuts in the interest rate but said this would be done…

With the addition of 120,000 housing units later this month, Mehr Housing Scheme is poised to become a 1.5 million-strong housing project. Deputy Minister of Roads and Urban Planning Ahmad Asghar…

The housing market is in the middle of one its worst recessions in recent history. The slowdown in home sales that began in 2013 has persisted without respite, prompting some to liken it to a…

Unlicensed bureaux de change are in hot water as countdown to their deadline—Aug. 19—to obtain a permit from the Central Bank of Iran approaches.

The uncertified bureaux de change had in…