Business And Markets

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Tuesday to maintain its uptrend…

According to the CBI directive reported in Financial Tribune on Oct. 22, banks and financial institutions are obliged to set up an independent compliance department.

Director of the Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaei met with Italy’s Ambassador to Iran Mauro Conciatori to negotiate a finance deal for…

The government’s Economic Council has passed a new set of regulations with the aim of facilitating the approval of foreign finance for all eligible local applicants.

Banks, fintechs, financial solution vendors and startups were present in full force at the Third Iran Transaction Exhibition (ITE) in Tehran on Tuesday.

Tehran Stock Exchange’s main index gained 183.00 points or 0.21% to end Tuesday trade at 86,529.2.

About 1,088 million shares valued at $53.256 million changed hands for the day.

China’s Sinosteel Corporation presented its pellet production technology during a ceremony held in Tehran with Iranian steel industry officials and players in attendance.

The technology…

Iran plans to add 336,000 tons of primary aluminum smelting capacity in 2018, the planning manager of state-owned mining holding company IMIDRO, Amir Sabagh, told S&P Global Platts.

Once again, the Iranian capital market beat all its rival markets, namely gold, forex and real estate, in terms of return on investment in the seven months of the current fiscal year (March 21-…

Securities and Exchange Organization of Iran, the country's stock market regulator, has for the first time issued permits for two Iranian private rating agencies.  

According to…

Mellat Insurance, affiliated with Bank Mellat, announced that it has signed a contract with France’s SCOR SE, based on which the major reinsurer will provide excessive loss coverage for Mellat…

Bank Saderat Iran managed to obtain the ISO 10668 certificate in financial and banking fields from Swiss Quality and Certificate. According to BSI’s official website, the bank managed to get the…

The research arm of the Iranian Parliament has forecast a positive growth for the construction sector for the fiscal 2017-18 after a longstanding downturn took its toll on a sector deemed vital…

Tehran Stock Exchange’s main index lost 134.00 points or 0.15% to end Monday trade at 86,346.2.

About 1,837 million shares valued at $86.508 million changed hands for the day.

…

Safety Design in Buildings, an initiative co-founded with Intersec, a leading trade fair for security, safety and fire protection, is now expanding to Tehran next month with a conference on Nov…

Iran exported about $6 million worth of furniture during the five months ending Aug. 22.

A closer look at the figures for the corresponding periods in 2016, 2015 and 2014, show Iran’s…

Tehran Stock Exchange’s main index TEDPIX gained 648 points or 0.8% during the seventh month of the current Iranian year (Sept. 23-Oct. 22) to end at 86,480.2.

The benchmark index of the…

An average of 485,000 jobs were created every year during President Hassan Rouhani’s first term (Aug. 2013-17), the head of the Statistical Center of Iran said. Omid Ali Parsa added that the…

Declaring that banks have now reduced the interest on their deposits, Minister of Finance and Economic Affairs Masoud Karbasian announced that the Money and Credit Council will pursue lowering…

Facing the prospect of a shortage of assets and a gaping budget, the government, in partnership with other entities, organized the first conference on managing public sector assets and…

The Iranian banking system paid out 2.7 quadrillion rials ($67.6 billion) worth of loans to more than four million applicants during the first half of the current Iranian year (March 21-Sept. 22…

The head of Iran-Iraq Chamber of Commerce believes that the establishment of a joint bank could considerably facilitate bilateral trade between the two allies, in view of the significant volume…

Iranian iron ore miners exported over 8.69 million tons of granulated hematite iron ore with over 40% content worth $491.82 million during the first six months of the current fiscal year (March…

It’s tough to be a musician in Iran and tougher for music artists who resist the temptation to make money by pandering to popular demand. Add to it the economic challenges.

More than 93,800 public complaints against centers offering goods and services were filed at the industries, mining and trade organizations of provinces across the country during the first half…