Despite their seemingly unending struggle in lending to needy manufactures and businesses, Iranian banks are rather strangely cultivating some unheard love for art. Although banks’ artistic…
Business And Markets
Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.
Iran Insurance Company (IIC) says it will pay 300 billion rials ($9 million) in claims by families of the victims of the recent disaster in Mecca, the company’s CEO Seyyed Abbas Husseini said on…
Tehran Stock Exchange’s main index TEDPIX inched up 9 points or 0.01% at Monday’s close to settle at 61,296.1.
About $180 million worth of various unprocessed and processed stones are exported every year, said deputy minister of industries, mining and trade for mining affairs, Jafar Sargheyni, during the…
More than 181,000 tons of aluminum ingots were produced by Iran’s three aluminum giants: IRALCO, Al-Mahdi and Hormozal, during the first half of the current Iranian year (started March 21),…
The official adoption of the Iran nuclear deal later this month will lead to the lifting of sanctions that will open opportunities in a country with a $500 billion economy that has been locked out…
Iran Mercantile Exchange featured about 129,500 tons of commodities offered by local suppliers on Monday.
Despite being hobbled by sanctions, Iran is in the midst of a shopping mall boom.
Several modern shopping malls, some of them only catering for luxury brands, have opened in the capital,…
A member of the Majlis Budget and Planning Commission has called on the Central Bank of Iran to revise “Banking and Monetary Laws” to stop banks from charging extra fees for e-banking services.…
The Ministry of Roads and Urban Development has taken measures to control and counter “unprofessional conduct” and neutralize conflict of interest among members and candidates of the Iran…
Having examined several alternatives several times to address the problems surrounding the insolvent Mizan Credit Institution, monetary authorities have finally decided to sell the firm to a…
The typical first time home-buyer in Iran now will have to make do with rent for an extended 12 years before being able to fulfill the dream of buying a house. This is while a maximum of five…
Economists and top government officials have unanimously declared the mining sector to be the only sector with enough potential to help the economy move away from overreliance on oil revenues.…
Islamic Republic of Iran Shipping Lines plans to modernize its fleet and is engaging international shipping majors to form alliances and reenter western markets, as Tehran is set to exit a long…
Tehran Stock Exchange’s overall index ticked down 109.8 points or 0.18% at Sunday’s close to settle at 61,287.1.
As TSE data illustrate, most indices ended in the red territory with TSE 30…
More than 142,000 tons of commodities were offered in Iran Mercantile Exchange on Sunday. National Iranian Copper Industries Company offered 1,000 tons of copper cathode, 1,000 tons of copper wire…
Iranian President Hassan Rouhani and Japanese Prime Minister Shinzo Abe focused on economic ties during a meeting on the sidelines of the United Nations General Assembly in New York last week.
An early rally at Tehran Stock Exchange on Saturday dissipated by midday amid lingering worries, with the TSE gauge inching up 7.1 points or 0.01% at the day’s close to stand at 61,396.9.
Plans are underway to delegate cement exports to Iran Mercantile Exchange due to complications in Iran’s main cement market, Iraq, announced Secretary of Cement Producers and Exporters Association…
Imported jeans made their debut in Iran decades ago, but their domestic production started only in 1997.
Iranian denims are mainly produced in the cities of Yazd, Ardabil and Isfahan.…
One US dollar could well buy 40,000 rials by the next Iranian year starting in mid-March 2016, a local analyst says. On Thursday noon each USD fetched 33,900 rails in the Iranian free market.
As the parliament is mulling a bill on rewriting the usury-free banking law, the Economy Ministry has announced that the long-awaited banking reform draft bill would be submitted to the…
A new chapter has opened in Iran's economic relations with the outside world and the long-awaited process would be facilitated with the aid and assistance of the world's top financial and lending…
The Development Bank of Hungary (MFI) is ready to provide Sarmaye Bank with SWIFT services even before the official lifting of the sanctions, MFI’s official representative said Thursday.
A MoU on banking services including lending, formulation of guarantees, financing projects and joint investments in the local currency and foreign exchange was signed by the CEOs of Bank Tejarat…
