Business And Markets

Iranian Ceramics Producers Syndicate has advised tile and ceramics manufacturers to halt production as of March 5 for three months, amid a construction slump and domestic market glut. “A majority…

Norway opened its $810 billion wealth fund to Iranian government bonds, as the Middle Eastern nation emerges from almost a decade of international sanctions following a deal to limit its nuclear…

Stocks held steady this week slowly, recovering nearly all ground lost in the three-day rout that started on Feb. 10, as a mixture of news rocked Tehran’s markets.

Equities have staged a…

The process of privatizing banks has been imperfect and controversial since inception, Bahaoddin Hosseini Hashemi, former CEO of Bank Saderat Iran said. The same is true for privatizing state-…

An Airbus executive urged European banks on Tuesday to overcome their wariness about financing export projects to Iran because of US sanctions, highlighting difficulties European companies face in…

Korea Trade Insurance Corporation (K-sure) plans to provide 196 trillion won ($118.9 billion) worth of trade insurance this year and increase support for businesses exporting to new markets such…

Money and Credit Council -- the country’s highest monetary policymaking body -- has given its approval to lowering deposit rates as of Feb. 20, the Central Bank of Iran announced late Tuesday.

A German company will supply gantry cranes for use in the development of Shahid Rajaei Port in Iran’s southern Hormozgan Province, after winning a tender floated by the Ports and Maritime…

The Sixth Iranian Steel Market Conference, also known as ISMC 2016, convened on Wednesday—the second and final day—with international industry players holding specialized workshops and…

With the loosening of international sanctions against Iran this year, hopes have been high for a resurgence in foreign direct investment.

Tehran Stock Exchange’s main index TEDPIX gained 746.40 points or 0.97% to end Wednesday trade at 77,888.

More than 1.9 billion shares changed hands valued at $174.7 million.

The…

Its economy is growing faster than almost any other in the Middle East, its bonds pay twice as much as Russia’s and Turkey’s, and it has reined in runaway inflation.

Iran is proving a draw…

Controlling a hazard at its source is the best way to protect people from injuring themselves or others. Investment on personal protective equipment would partly serve this purpose.

PPE…

Iran’s second exclusive exhibition in Iraq opened on Tuesday. More than 100 Iranian companies are taking part in the event in commercial, industrial and hygienic fields, IRNA reported.

Iranian stocks retreated on Tuesday after a small uptick on Monday, as the correction in equity markets continued despite talks between Saudi Arabia and Russia to cut crude output for sending oil…

The governor of the Central Bank of Iran has called for joint meetings between Iranian and Japanese banks to improve relations and enhance financial and commercial cooperation.

The move to unify foreign exchange rates is now plausible if certain conditions are met, Head of Tehran’s Chamber of Commerce said.

Minister of Economy Ali Tayyebnia says lowering deposit rates to 18% is "doable" and that interest rates will definitely be lowered.  

 “In tandem with the decrease in inter-bank…

The US sanctions that are still in place are negatively impacting the risk appetite for Iran-related business, according to 85% of London market insurance professionals.

This is according…

An Istanbul-based payments startup says it has signed a deal that smoothes the way for companies seeking to follow it into Iran’s $400 billion economy.

The German government has demanded that Iran clear its €500 million ($560 million) debt before it resumes providing guarantees for German exports to the Islamic Republic.

Central Bank of Iran started using the international interbank messaging network SWIFT on Sunday, Gholamali Kamyab, CBI deputy for foreign exchange affairs said on Monday. The CBI and the banking…

Bank Maskan (Housing Bank) has sent a proposal to the Central Bank of Iran for launching local affiliate banks. Mohammad Hashem Botshekan, Maskan’s CEO, said that the CBI has welcomed the proposal…

Tehran Stock Exchange’s main index TEDPIX jumped 668 points or 0.87% to settle Monday trade at 77,377.5.

More than two billion shares valued at $134.8 million were traded, with daily trade…

The International Summit of Development of Iran’s Aviation and Airports opened at Tehran’s Azadi Hotel on Monday. The two-day event is hosting representatives of 50 international companies and…