A decree by the Central Bank of Iran says the Qarzol-Hasaneh (microcredit) funds should not charge loan application fees higher than four percent, ISNA reported. According to a CBI inspector…
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>
The International Monetary Fund and Iran have had "a long and important relationship" says David Lipton, first deputy managing director of the Washington-based lender who was in Tehran recently…
A revised version of the Banking Reform Bill will soon be sent to the parliament by the central bank, according to Ali Divandari, head of Monetary and Banking Research Institute.
In an…
Tehran Stock Exchange’s main index inched up 44.50 points or 0.06 to end Monday trade at 76,431.5. Gains by large-cap petrochemical and shipping companies as well as banks were mostly negated by…
Demand for iron ore in the domestic market will rise later in the year, the head of Iranian Mines and Mining Industries Development and Renovation Organization said.
Mehdi Karbasian also…
Germany is taking steps to reassert its stamp on Iran’s sanctions-hit economy through the first-ever edition of AMB—a specialized exhibition for the machine tools and metalworking sector—which…
Iran’s elevator market value stands at 250 trillion rials ($7.2 billion at market exchange rate) per year, said the chairman of Iranian Syndicate for Elevator and Escalator Industries. Mohammad…
The key housing sector has now been in recession for five years and despite efforts by the government and the ministry of urban development to breathe new life into it, the results have not been…
A member of Iran’s Chamber of Commerce, Industries, Mines and Agriculture has said that anti money-laundering laws need to be pursued and implemented more aggressively because the country is…
Melli Bank London Plc, has obtained operation license from the UK’s banking regulators and is ready to provide services in the European Union, said its CEO, Ghulam Hossein Asgharzadeh Zaferani on…
The newly-appointed deputy for supervisory affairs at the central bank says that “regaining people’s trust” in the banking sector is the first priority in his new job.
Portuguese banks will start relations with Iran as soon as there are more business opportunities for Portuguese companies in Iran, said Portugal’s Deputy Foreign Minister Jorge…
Minister of Economy Ali Tayyebnia, appointed Mohammad Reza Hosseinzadeh as the chief of Bank Melli Iran. Hosseinzadeh, a member of BMI’s board of directors, was serving as the interim head of the…
Tehran Stock Exchange’s all-share index TEDPIX lost 303.60 points or 0.4% to end trade at 76,387 on Sunday. Oil refineries, banks and engineering and mining holdings weighed most on the benchmark…
As many as 710 domestic and 746 foreign companies have signed up to take part in the 23rd international exhibition of food and agriculture, known as Agro-Food 2016, which opens at Tehran’s…
Iran maintained its position as the world’s 14th largest crude steel producer by manufacturing 16.1 million tons of the industrial material in 2015, despite a 200,000-ton drop compared to a year…
With international sanctions gone, Iran has not only become an interesting market for foreign trade, but also for investors.
They want to invest money or buy Iranian resources, which has…
Korean Expo 2016, a three-day exhibition for South Korean products, was held at Tehran International Fair last week.
Organized by the Korea Trade-Investment Promotion Agency (KOTRA), the…
A number of second and third tier Italian banks have resumed business with Iranian lenders, Ahmad Pourfallah, Chairman of Joint Iran-Italy Chamber of Commerce said Saturday.
Iran Insurance Company Saturday signed a contract with the National Olympic Committee of Iran to provide coverage for 181 Iranian athletes participating in 2016 Summer Olympics in Rio. According…
An official at the Central Bank of Iran says it has no plans to tax bank account deposits, noting that bank deposits are not legally taxable.
Deputy governor of the Central Bank of Iran for foreign exchange affairs says that even though currency swap agreements have been reached between Iran and some countries, the deals have yet to be…
total of 15,431 homes were sold in Tehran during the month that ended on May 20, which was a y/y increase of 8.2%. It is seen as a sign that the property market is slowly but steadily…
Non-stick cookware has turned into a favorite with consumers for it has made cooking much easier than it used to be.
The International Festival of Leaders in Packaging Industry is scheduled to open on May 30, which is to be followed by a four-day specialized exhibition in the field.
“In recent years,…
