Business And Markets

Three state-owned banks, Bank Melli Iran, Bank Sepah and Bank Keshavarzi have gained parliament approval for increasing their capital by 50 trillion rials ($1.65 billion).  The capital…

Italy announced 8.8 billion euros ($10.05 billion) in credit and financial guarantees to re-launch exports to Iran, the Italian export agency said on Tuesday.

Iran has been a producer of colored pencils for over four decades. Since 2011, however, domestic markets have lost ground to foreign imports.

The new Iranian year started on March 20 with much promise for the country’s mining and base metals sectors, evident from their solid performance at Tehran Stock Exchange as they have been among…

Iran’s government has long talked of leaving the actual running of the economy to private businesses. Yet the little steps it has trodden down the path of market economics were halfhearted and…

The High-Speed Rail Technology in Iran Conference will be held in Tehran on May 17, in cooperation with Japan. The event is organized by Japan Engineers Federation and the Islamic Republic of Iran…

Azadi gold coin sold for a record 10.39 million rials in Monday trade, a 0.68% increase, compared with the previous day’s close following the increase in global bullion prices. This marks a three-…

Bank Maskan, the special housing lender, paid a total 95.4 trillion rials ($3.15 billion) in loans during the eleven months ending February 19, indicating a year-on-year growth of 21%, said…

Iran and Turkey are planning to establish a joint bank, said Mahmoud Vaezi, minister of communications and information technology, who also is President Hassan Rouhani’s special envoy for Turkey…

The majority of Iranian banks are now connected to Swift, the international interbank messaging network, and more than 300 correspondent relations have been established with international banks,…

In a meeting with Sarmayeh Bank officials, Azerbaijan’s Zamin Bank presented its services including bank cards, in an attempt to enter ther Iranian market.

Central Bank of Iran and the National Bank of Kazakhstan signed an agreement on Monday, during President Nursultan Nazarbayev’s visit to Tehran, to expand banking relations. The agreement will…

Tehran Stock Exchange’s all-share index TEDPIX inched down 18.30 points or 0.02% to settle Monday trade at 80,262.4. Petrochemical, steel and auto manufacturing companies weighed most on the…

Visitors to Tehran marvel at the strength of Tehran’s infrastructure: from spaghetti junctions that rival LA, to an extensive and expanding underground metro system, as well as German-inspired…

Producers of glass and crystals in Iran believe the field is open to investment and new blood.

Bonab Steel Industry Complex, which was nearly driven out of business in the last Iranian year (ended March 19), has recently found new vigor following the signing of a cooperation agreement with…

The “Post-Sanctions Iran Commercial Aviation Spare Parts and Maintenance Congress 2016” is scheduled for May 24-25 in Istanbul, Turkey. The event will bring together foreign players active in…

Foreign companies that set up factories in Iran and export at least 20% of their products will be exempt from paying half of their corporate taxes for five years, says a deputy head of Trade…

Now it is the most opportune time for the unification of foreign exchange rates – a measure crucial for improving the struggling economy and moving forward, a former official of the central bank…

Bank of Italy has issued operation license for Bank Sepah's branch in Rome, Muhammad Kazem Choghazardi, the bank's CEO said on Sunday.

The Islamic Republic of Iran Customs Administration has launched the country’s first e-wallet system which is connected to smart cards.

Businesses expect the Central Bank of Iran to refrain from interfering in the foreign exchange market and let the market decide the rates, said Masoud Khansari, head of Tehran Chamber of Commerce…

In the framework of its declared housing policy and to help people own their own homes in safe, uncongested and compliant environs, the government has prioritized the development of medium-size…

Reestablishing trust and reconnecting with international banks is a long-term and difficult enterprise, Mehdi Kasraipour, director of the Central Bank of Iran’s Foreign Exchange Department said.…

Tehran Stock Exchange’s main index TEDPIX extended its three-day losing streak and shed 373.30 points or 0.46% to close Sunday trade at 80,280.7, with telecoms, automakers and oil refining…