The Central Bank and Money and Credit Council should have enough authority to be able to set balanced and suitable interest rates in a way to mitigate the intermediary role of private banks, a…
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.
The long and lengthy loan processing at banks is affecting most economic sectors and is due largely to the lenders’ limited resources, said Ali Asghar Mirmohammad Sadeghi, head of Central Bank of…
Head of the Housing and Urban Development Research Center announced that Iran and Germany will establish a joint research center on housing and urban development.
Self-regulatory measures for supervising interest rates are among the banking industry’s priorities, Abdol Nasser Hemmati, head of the state-owned Banks’ Coordination Council said Monday.
A deputy industry minister announced that 5,000 people had applied for car loans on the first day of the loan scheme on Monday. Mojtaba Khosrotaj said that 99% of the applications asked for Saipa’…
The current payment system meets domestic needs but would be insufficient for addressing the demand of international transactions, said the head of Monetary and Banking Research Center, Ali…
A new amendment to the implementation of Article 20 of the Law to Remove Manufacturing Obstacles has eased the repayment of foreign currency debts to the Export Development Bank of Iran, the…
Capital Intelligence (CI), the international credit rating agency, has upgraded the long-term Foreign Currency Rating (FCR) of Export Development Bank of Iran (EDBI) to ‘B+’ from ‘B’, with the…
Reforming the economy’s finance structure is essential and doing so will help pave the way for decent economic growth, Akbar Komeijani, deputy governor of the Central Bank of Iran said late Sunday…
Housing bubbles have burst and prices have returned to five years ago when accounted for the inflation rate. This signals end of the recession in the key sector and thus a boom is expected in the…
The Majlis Research Center in its latest review of the structure of monetary and credit policymaking, has emphasized the need for the independence of the Central Bank of Iran to successfully…
The decision on Saturday by senior bankers to lower deposit rates by two percentage points as of November 22 triggered reactions from analysts and economists demanding confirmation from the…
The Central Insurance of Iran company has asked insurers to respect the approved return of premium on life insurance policies following reports to the effect that some companies are offering…
Iran Mercantile Exchange’s industrial and mining trading board witnessed 1,000 tons of copper cathodes supplied by the National Iranian Copper Industries Company at the base price of $5.1 per kg…
Four infrastructure projects in the mining sector with a total investment of $2.5 million will become operational by the end of the current Iranian year (March 2016), the Iranian Mines and Mining…
The government intervention in the pricing of iron ore products and steel has no positive outcome and only leads to disillusionment among producers, says the deputy chairman of Iran Iron Ore…
The Securities and Exchange Organization—the financial markets regulator in Iran—is in talks to join the International Organization of Securities Commissions, a club for organizations that…
Tehran Stock Exchange’s benchmark ended Sunday trade flat, as it dropped 1.20 points or less than 0.01% to stand at 62,999.2 at the day’s close.
More than 515 million shares valued at $20.2…
Mineral exploration over an area of 44,800 square kilometers from the city of Abadeh in the north of Fars Province to Jaz Murian basin in the south of Kerman Province has been launched by Iranian…
Iran's Ministry of Roads and Urban Development signed a memorandum of understanding with Germany's Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety to develop…
The rally of the greenback since the start of last week (Oct.31) has taken market observers by surprise as the currency repeatedly surpassed the psychological barrier of 35,000 rials. As of 1:00…
The new car loans included in the government’s incentive package should be repaid in monthly installments of about 7 million rial ($ 234) at 16% over four years or in installments of about 6.5…
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.
Ties with major foreign banks could bring potential benefits to the economy, according to a senior official at the Central Bank of Iran.
Tehran Stock Exchange experienced low volatility in share prices during the first trading week of November.
The TSE All-Share Index’s volatility has declined by 20% in November compared to…
