The manager of the Central Bank of Iran’s printing department has announced that the bank will print new versions of the 50,000 banknotes and 500,000 rial Iran Checks, which (like hard cash) are…
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.
Bank Melli Iran has provided 18 trillion rials ($645 million at official exchange rate) in interest-free loans between March 21, 2014 and March 6, 2015, IRNA reported.
The Tehran Stock Exchange (TSE)’s gauge briefly rebounded at Monday’s close to change the equity market’s dented sentiment, with all indices settling in green.
French automaker PSA Peugeot Citroën and its Iranian counterpart Iran Khodro (IKCO) recently reached a new agreement, but some believe IKCO should adopt a tougher approach in order to prevent…
The Chinese ambassador in Iran, Peng Sen, vowed that his country would soon solve the financing problems with the People's Bank of China, Sinosure, and China Development Bank to help facilitate…
The Iran Mercantile Exchange (IME)’s export trading floor featured 100,000 tons of iron ore concentrate, with the base price of $24 per ton, offered by Sangan Iron Ore Complex at Monday trade.…
A micro website called ourwishes.ir has been set up to collect wishes and aspirations for everyone celebrating the upcoming Persian New Year of 1394. This is the first website created for the sole…
Top Presidential Advisor Akbar Torkan on Sunday threatened to expose politicians who plan to use ill-gotten wealth in their election campaign in the next Iranian year.
In its latest monthly report (the month ending to Jan. 20) on economic indicators, the Central Bank of Iran (CBI) did not include statistics on bounced checks.
Previously available figures…
Bank Keshavarzi (Agriculture Bank) has announced that it is ready to invest in the auto industry.
Providing financial services based on clients’ needs and boosting manufacturing in…
P rice comparison websites have become increasingly popular around the world over the last ten years. In the United Kingdom and the United States market research groups have estimated that…
Iran’s e-check system, Checkavak, went online in four other provinces, Banker news website reported on Sunday.
North Khorasan, South Khorasan, Bushehr and Hormozgan have now joined the…
The cost of producing every metric ton of iron ore in Iran is between 15 and 20 dollars while the figure in Australia is around $7, said the chairman of the Iron Ore Producers and Exporters of…
The evident bearish trend at the equity market has intensified the pullback at the Tehran Stock Exchange, with the TEDPIX plummeting 104.4 points or 0.16 percent to end at 63,806.7 at Sunday’s…
Plans by the ministry of industry, mine and trade target a 15% growth in the mining sector for the upcoming Iranian calendar year (to start March 21) from the current 10.5%, Eghtesadnews cited…
The online system to sell iron and steel products has been officially launched, enabling the retail consumers to buy products on prices usually below the market price, IRNA quoted the Samanehahan…
A duo trying to distribute counterfeit ‘Iran Checks’ and bank notes was arrested in Kurdestan province, said the head of the provincial police department, Abdollah Fatehi. Contrary to regular…
A major malaise of Iran’s economy is the significant volume of floating capital that manufacturing and service sectors are unable to attract, according to economists, who liken the problem to “…
The euro had its worst day in five month on Saturday, sinking to a 2 1/2 year low following its beating in the Forex market on Friday. The Azadi gold coin also sank to a three-month low on…
The role of international connections is undeniable in economic growth; however, the problems with the domestic economy are not limited to international connections, economist Hassan Sobhani said…
The founder of Eghtesad Novin Bank, the first Iranian private bank, says the idea of unifying exchange rates by the end of next fiscal year is feasible.
The Iran Mine House, in an open letter to the Guardian Council of the Constitution has requested lifting the mining taxes, passed by the parliament last week, asserting that imposing taxes of any…
The Mehdiabad zinc and lead mine in the central province of Yazd has resumed operations following a $1 billion investment by the Iranian company Karoun Dez Dasht (KDD), Mehr news agency reported…
Doing trade with the Interexchange Electric Union (IEU) to enhance trade between Iran and other countries, boosting interaction with regional associations including the Economic Corporation…
The Belarusian industry minister said memorandum of understanding signed with Iran on Thursday will help promote economic and political cooperation between the two countries, IRNA reported.
