Interest rates cannot be lowered by decrees and directives, said Ali Tayyebnia, the economy minister late Monday, adding that all members of the Money and Credit Council -- the country's highest…
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 of Industry and Mine is considering developing ties with German KfW banking group after the lifting of sanctions against Iran, said BIM’s chief executive on Tuesday. Ali Ashraf Afkhami said…
Iran’s Sarmayeh bank has been selected as the “most innovative bank” at the Global Customer Exchange Conference 2015, the private bank’s public relations office reported on Tuesday. It won the…
Monetary authorities would do better to focus on developing the bond market that in turn will create the grounds wherein market forces bring down deposit rates, Parviz Aghili Kermani, a Tehran-…
The Central Bank of Iran has received 20 local requests for opening banks, a member of the Iran Chamber of Commerce, Industries and Mine’s board of representatives said.
“CBI has so far…
Tehran Stock Exchange’s main index extended its losing streak on Tuesday by shedding 74.80 points or 0.12% to settle at 62.720.9.
Over 546 million shares valued at more than $40.2 million…
The Global Marketing Conference opened at the International Conference Center of Shahid Beheshti University in Tehran on November 21.
Day two of the event, which brought together more than…
While many domestic industries are suffering from low investment and shortage of equipment and new technologies, some Iranian sectors host small private companies manufacturing products or…
Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 43,657 tons of polymers, 37,100 tons of bitumen, 21,000 tons of vacuum bottoms, 5,000 tons of lube cut oil…
Iran’s economy has undergone ‘repression’ in the previous decade, according to Hadi Ghavami, vice-chairman of the Parliaments’ Budget Commission.
Elaborating on the charge, he says “…
The government should intervene indirectly in the housing market by introducing structural reforms to pull the embattled sector out of the long and drawn out recession, the minister of roads and…
The Majlis Research Center has released a report recommending policymakers to hold off further interest rate cuts, saying official decrees to control the money market will not help lift the…
The Money and Credit Council’s weekly meeting will not be held on Tuesday, November 24, akhbarbank.com reported Monday. MCC was expected to meet for a final meeting over cutting interest rates…
More than 500 million bank accounts exist in Iran with almost every citizen having about 4 to 5 accounts, said the head of Central Bank of Iran’s Payment Systems Department on Monday. According to…
Representatives of the Russian RUSAL aluminum company expressed their readiness to cooperate with Iran in the production of alumina powder from nepheline syenite.
Bank Keshavarzi Brokerage Company has stepped in as the first market maker for Islamic Treasury Bills, which debuted through Iran Fara Bourse early October to finance the repayment of the…
Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 2,200 tons of C hot-rolled steel sheets, 2,200 tons of B hot-rolled steel sheets, 1,000 tons of B cold-rolled…
Iranian steel producers have seen their production fall for the third consecutive month to 1.38 million tons in October, indicating a 4.4% decline compared with the corresponding period of last…
Iran and India plan to enhance export ties by expanding the Export Guarantee Fund of Iran (EGFI) and Export Credit Guarantee Corporation of India (ECGC) and increasing two-way trade.
Lawmakers approved measured on Saturday giving Bodily Injury Indemnity Fund (BIIF) the status to be used as an emergency fund for auto third party insurance.
The legislation makes it…
Deputy Roads Minister Hamed Mazaherian said the government’s incentive package for pulling the housing market out of recession is yet to be unveiled,” ILNA reported Sunday. He said the package…
Officials from the Central Bank of Iran, Management and Planning Organization, and Ministry of Industries, Mines and Trade discussed implementation of the government’s plan to offer credit cards,…
Iranian demand for gold jewelry surged to a near two-year high in the third quarter as sentiment improved following Tehran’s signing of a nuclear deal with the six world powers in July.
The…
Increase in the number of uncertified credit and financial institutions over the past six years pose a major challenge to the Central Bank of Iran. The CBI is now determined to curb their growth…
The Ministry of Agricultural Jihad has lifted a ban it had imposed on rice imports since October last year to protect domestic rice farmers during the production season.
As part of a decree…
