Banking services in Iran are skewed towards consumers in Tehran due to majority of companies being headquartered in the city.
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 European Union’s second-highest court struck down sanctions Thursday on a leading Iranian bank and a string of Iranian shipping companies hit with asset freezes as part of pressure on Tehran…
The Competition Committee on Wednesday looked into the €650 million ($730 million) corruption case, raised back in 2013 against an Iranian commercial company, Sepid Ostovar Asia, but it called on…
Whimsical decision making can threaten the stability of the National Development Fund of Iran (NDFI), deputy of the fund Mohammad Ghasem Hosseini said on Thursday.
Sovereign wealth…
On Wednesday evening Tehran University’s business accelerator Avatech hosted the Hamfekri event otherwise known as the Meeting-of-Minds. The event was well attended with young (and one pension age…
The country’s cement export decreased 10% during the first 9 months of the Iranian calendar year compared to the similar period last year, the secretary of Iranian Cement Industry Employers…
Mines and mineral industries account for 30 percent of the stock exchange market in Iran, said an official from the Iranian Mines and Mining Industries Development and Renovation Organization (…
The Tehran Stock Exchange (TSE) has been in dismay for much of the past year. This downward trend has been mostly due to structural factors. However, recent government measures lately have been…
The Tehran Stock Exchange witnessed an accelerated pace of selloffs at Wednesday trading, with the benchmark plummeting .082 percent to a new record low.
The rapid increase in Chinese-made cars and auto parts in Iran and the rather unusual collaboration between Iranian and Chinese automotive companies has raised concern among business leaders who…
The research center of the parliament has attended the issues concerning compulsory loans –loans that commercial banks have been forced to grant in recent years – in next year’s budget bill, which…
The foreign exchange market will come under better central bank oversight as soon as the newly-set regulations are enforced, a senior monetary official said on Wednesday.
If the banking system is to play a role in helping the economy exit recession and curb inflation, commercial banks need to revise the process of their asset allocation, a senior economic expert…
Bankers are the focal point of Iran's economic expansion as the medium for transferring savings to businesses given Iran's peculiar conditions, said an economic official.
"Fiscal spending…
The Central Bank of Iran deposited two trillion rials ($72.9 million at official rate) in the Bank of Industry and Mine (BIM). The three month deposit given on December 22 carries a 20 percent…
Benchmark gold coin Azadi hit a 16-month high on Wednesday, as increased demand for a hedge drove up gold prices.
French automaker Renault says it exported 36,300 cars to Iran in 2014, up 9% compared to the previous year, Mehr news agency reported on Tuesday. The French company recorder its highest volume of…
Ambiguities keep crumpling the stocks as both individual and institutional investors are bracing themselves for more losses in the wake of massive retreats in Tehran Stock Exchange (TSE)’s overall…
Eleven trillion rials ($401.5 million based on official exchange rate) was raised over the past year to fund seven steel projects across the country, Fooladnews quoted the head of Iranian Mines…
Morteza Aqajani, the head of Hormozgan Steel Company on Tuesday drew attention to the absence of “comparable profit margins” in different stages of steel production process and called for the…
Akamai, a company renowned for analyzing internet take-up, has painted a poor picture in its latest report for internet speeds and connectivity in Iran in the third quarter of 2014. According to…
The Central Bank of Iran issued new foreign exchange market regulations on Tuesday. The regulations pertain to the activities of bureaux de change. The CBI kept the ban on online currency trading…
The US dollar tumbled against the rial on Tuesday leading a general decline in foreign currency exchange rates.
Several traders and owners of bureaux de change in Tehran told the Financial…
In early January, the first Virtual Teller Machine (VTM) was unveiled by Tosan Techno in one of Bank Shahr branches in Tehran, according to an article in way2pay.ir.
The Headquarters to Fight Economic Corruption, set up in late 2013 by President Hassan Rouhani, met on Monday night discussing how to sort out the unregulated money market and prevent illegal…
