Heralding the arrival of new financial instruments for the stagnant housing sector, a deputy minister of roads and urban development said the new instruments were proposed by his ministry and are…
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 International Court of Justice acknowledged it received a complaint from Iran, suing the United States over its decision to give the alleged victims of terrorist attacks blamed on Iran the…
Optimal allocation of bank credits, namely to the struggling SMEs, is important to get out of the recession, said the Governor of the Central Bank of Iran, Valiollah Seif.
This week was awash with reports on interest rates being lowered by private banks. But unlike in the past, it seems the Money and Credit Council–the powerful monetary authority – has decided to…
Iran plans to set up a financial center in the Qeshm Free Zone as it seeks to attract overseas financial institutions to the market of 80 million people.
Bank Pasargad has been named the most “efficient” bank for the fifth consecutive year. Established in 2005 as part of the government’s privatization of the banking system, it received the seventh…
Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks…
A memorandum of understanding on electronic trade and joint investments in hypermarkets and small chain stores was signed between South Korea’s largest retailer Emart and Iran’s Refah Chain Stores…
The Organization of Targeted Subsidies' request from the Securities and Exchange Organization to release information about ownership of financial securities and personal details of investors has…
Silver is found in its natural form as an alloy with gold and other metals, and in ores containing sulfur, arsenic, antimony or chlorine.
The principal sources of silver…
Esfahan Steel Company will start rail production by June 21, ESCO’s public relations director said on Wednesday.
“With a production capacity of 400,000 tons per year, ESCO is capable of…
Some 2,000 tons of garlic are produced every year in Teymourlou, which is known as Iran’s garlic production hub, located in Gugan District, East Azarbaijan Province, according to the head of…
Referring to the 40% inflation in 2013 rate that was reduced by the current government to around 10% last month, Economy Minister Ali Tayyebnia emphasized on Monday that there has to be some…
The new ‘Risk Management and Compliance Department’ of Bank Melli Iran has begun work with a new structure. The new unit has been formed in accordance with the implementation of rules and…
What has been undermining the domestic economy and by extension the banking sector the most is chronic inflation, says a board member of the Tehran Chamber of Commerce, Industries, Mines and…
Cement exporters are turning away from the lucrative but restricted Iraqi market toward North African countries like Kenya and Ethiopia, says Abdolreza Sheikhan, the head of Iran Cement Employers…
Equities have routed since the turn of the Iranian year in March.
Shares on Tehran Stock Exchange dipped over 7% ever since, while those on Iran Fara Bourse lost nearly 4% during the same…
Tehran Stock Exchange’s benchmark index plunged by 740.80 points or 0.99% to close Tuesday trade at 73,959.7, reaching its lowest since February 3. Losing oil and petrochemical companies as well…
Iran is home to various world-class gold mines boasting 340 tons of proven reserves.
Zarshouran Gold Mine, located 35 kilometers from Takab in the northwestern province of West Azarbaijan…
If subsidized hard currency continues to be sold to a select group of merchants, problems will arise, according to Mehdi Pourqazi, head of the Mining and Industries Commission at the Tehran…
POS terminals are the most favorite payment method in the country. Last year, they accounted for 85% of total electronic transactions, while internet payment services and mobile payments…
It was late last month that Akbar Komijani, Central Bank of Iran Vice-Governor, addressing the 26th Annual Conference on Monetary and Exchange Rate Policies in Tehran, briefly alluded to closed-…
The Iran-Azerbaijan joint bank will begin operations next year, Central Bank of Iran Governor Valiollah Seif told Azeri-Press Agency. “Iranian President Hassan Rouhani and Azerbaijani…
Bank Ayandeh has joined the Asian Bankers Association in a bid to expand its presence in the global banking network, Ayandeh website reported. ABA is among the biggest Asian associations with more…
TEDPIX, Tehran Stock Exchange’s main index, lost 117.30 points or 0.16% to close trade at 74,700.5 on Monday.
Losses incurred by auto manufacturers, petrochemicals and banks caused the…
