Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.
The Austrian finance is set to be used for development of civil and production…
Business And Markets
<p>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.</p>
In line with the goals devised in the Sixth Five-Year Development Plan (2017-22) to expand the share of life insurance in the industry’s portfolio, the High Council of Insurance has amended…
Following misleading reports in the media, the Central Bank of Iran has sought to set the record straight on the recent stream of foreign finance deals, saying the government is their sole…
The Institute for Trade Studies and Research, affiliated with the Ministry of Industries, Mining and Trade, has published a report that proposes short-, mid- and long-term solutions to reform…
Governor of the Central Bank of Iran joined hands with the heads of two key ministries late Monday to coordinate and accelerate efforts to implement a stimulus package worth 500 trillion rials…
The output of Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, reached 28,262 tons during the first five months of the current fiscal year (March 21-August 22…
Tehran Stock Exchange investors on Tuesday seemed intent on propping up the market, as the index started rising 15 minutes into the market’s open.
TSE’s main index jumped by 929.40…
President Hassan Rouhani has assigned missions and priorities to his ministers and has asked them to hand in their practical agendas to accomplish the same within two months to the Presidential…
Over 24,640 meters of underground mining exploration were undertaken in the last fiscal year (ended March 20, 2017) by Iran Minerals Production and Supply Company, IMPASCO’s head of exploration…
Two major banks and 10% of Iran’s stock exchange market are controlled by the Ministry of Cooperatives, Labor and Social Welfare.
Cooperatives Minister Ali Rabiei added that four pension…
No more than just a few years have passed since Iranian fintech companies have entered the country's banking sector, but a closer look at registered startup companies reveals that online fintech…
The Hong Kong branch of Melli Bank London PLC, a subsidiary of Bank Melli Iran, has officially restarted its operations, the chief executive of BMI announced.
Since the implementation of the Central Bank of Iran’s directive decreeing banks and credit institutions cap their interests on one-year deposits at 15% from September 2, lenders have largely…
Tehran Stock Exchange’s main index jumped 497.90 points or 0.59% to end Monday trade at its 45-month high of 84,414.5.
The index’s escalating upward motion initiated at 9 a.m. It only…
The government has turned to various experts for assessing the steel industry’s status quo and analyzing its expansion program’s progress and shortcomings in the last few years.
The…
Tamin Petroleum and Petrochemical Investment Company is expected to become Tehran Stock Exchange’s largest listed firm in terms of nominal capital once it undertakes a capital increase of 38…
PricewaterhouseCoopers, a leading multinational professional services network, is working to establish a formal presence in Iran, as foreign interest in the Iranian economy has surged after…
The government’s initiatives to recover banks’ non-performing loans are to continue in the current administration in line with curbing the volume of the banking system’s sour debts and improving…
Governor of the Central Bank of Iran Valiollah Seif has announced that the ratings of Iranian banks by a state-run entity will soon be publicized, which for the first time will give customers a…
Iranian banks will be able to open branches in Brazil after following due process like banks of any other nation, as the Latin American country welcomes expansion of trade ties with the Middle…
Iranian banks allocated loans worth 2.08 quadrillion rials ($53.3 billion) to various economic sectors in the first five months of the current Iranian year ending August 22, 2017, registering a…
Italian stoneworker Simec is establishing a stone processing factory in Chabahar Free Trade-Industrial Zone, managing director of the FTZ,
Abdolrahim Kordi, has announced. Simec and…
Iran ranked 104th among 130 countries and scored 54.97 out of 100 in World Economic Forum’s Global Human Capital Index for 2017.
The Iranian aviation industry, which employs about 30,000 people, is generally known to be a male-dominated domain.
According to Maqsoud As’adi Samani, secretary of the Association of…
The Iranian steel industry’s effective push toward exports has helped Esfahan Steel Company bolster its presence overseas, the company’s head of sales and marketing announced.
