I magine that Iran and the P5+1 – the US, Britain, France, Russia, China and Germany – have come to an agreement on Tehran’s nuclear energy program.
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.
Offering lower premiums on third party insurance schemes have recently disrupted the insurance market. Compulsory third party motor vehicle insurance is the main insurance product in Iran’s…
Under an approval by the Money and Credit Council (MCC), the customers of banks who manage to pay their foreign currency debts in six months time will be offered a 30% discount, an MCC member…
Close to 57 grades of various polymers from local petrochemical complexes were offered on the oil and petrochemical trading floor of Iran Mercantile Exchange on Tuesday, IME’s public relations and…
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the Mouteh Gold Complex produced 216 kilograms of gold during the first 9 months of the current…
The deputy head of Geological Survey of Iran (GSI) in mineral affairs says inappropriate extraction of coal by the private sector negatively affect the mining industry, reported Eghtesadnews on…
The Iranian Mining Engineering Organization held a one-day international conference on processing minerals, underground mining, and tunnels on Tuesday, which was attended by experts from Germany,…
The head of the Parliamentary Committee on Mines, Dariush Esmaeili has called for the removal of tax exemption on export of raw minerals in a bid to boost domestic production.
“The…
All indices settled in red once again, and pushed the Tehran Stock Exchange (TSE)’s benchmark to notch down by 0.11 percent in a seesaw session at Tuesday’s close, after the Monday’s rally snapped…
The capital of the chamber of commerce, industries, mines, and agriculture’s Mining Fund is expected to reach 2 trillion rials from the current 680 billion rials, Tasnim news agency quoted the…
CEOs of eight commercial banks have been fired for violating central bank’s interest rate directives, said Valiollah Seif, the Central Bank of Iran governor, confirming earlier remarks made by his…
The deputy governor of the Central Bank of Iran (CBI) has predicted that the greenback will weaken versus the rial.
“The central bank wants exchange rates to be guided logically and towards…
Parliamentarians have offered a new mechanism through which commercial banks and credit institutions would be able to recover their rising non-performing loans (NPLs).
A former official with the Central Bank of Iran argues that commercial banks were forced during the previous administration to invest in non-profitable projects and are now more cautious with…
Parliament’s budget and planning committee has supported the government saying that it did not withdraw $4.1 billion from the sovereign wealth fund as claimed by a report earlier.
Financial Tribune recently covered the prospect of zero import tariffs on electric and hybrid cars to Iran. In our assessments of this burgeoning industry we noted that in theory it would be…
Mellat Bank has been the only bank to effectively reduce its non-performing loans (NPL) during the past year, CEO of Tarh Andisheh Behsaz Mellat Co. Naser Tahbaz announced. The company which…
More than 70 Iranian cement companies produced 56.8 and 51.6 million metric tons of clinker and cement respectively during the first 9 months of the current Iranian year (to end March 20),…
Tehran Stock Exchange (TSE)'s overall index snapped its heaviest 12-day losing streak at Monday's close, amid signals indicating positive support from both the cabinet and the administration to…
More than 25.7 million metric tons of iron ore concentrate and iron ore pellets were produced during the first 3 quarters of the current Iranian year (from March 21 to December 21, 2014), IRNA…
The prospect of the Fifth Iranian Conference on the steel and mine industry, which is due to be held on January 27-28, is already stirring the nerves of some industry commentators and analysts.…
Deregulation is needed for commercial lenders so that they can invest in the economy, said a top banking expert to IRNA.
“Investment by banks should become more liquid so as to help lift…
The Central Bank of Iran has issued a bylaw mandating all banks and credit institutions to approve three conditions before giving loans to economic entities, FNA reported Monday.
It has…
An unnamed bank was reprimanded by the central bank due to noncompliance with e-check system Checkavak, a central bank official said on Monday.
“We cannot let one bank’s weak performance…
Mobile phone users are receiving fraudulent text messages, which claim to facilitate the process of receiving loans and reduce the wait to only two months. Official banking procedures to apply for…
