Contrary to the popular belief among steel industry experts that imposing higher import tariffs will help the domestic steel sector, a member of Auto Parts Manufacturers Association (APMA) board…
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.
A fresh bullish sentiment at the Tehran Stock Exchange (TSE) over optimistic speculations about the ongoing nuclear talks led to the benchmark experiencing a three-month record high at Saturday's…
Banks will no longer be allowed to purchase participatory bonds, stated deputy minister of economic affairs and finance Shapur Mohammadi.
The official explained that for the following year…
The Export Development Bank of Iran (EDBI) provided funding for eight national development projects in the fiscal year ending March 20, IRNA reported on Saturday.
Apart from the projects,…
Disruptions in the banking network grow as the Iranian New Year approaches and the number of physical and virtual visits to the bank portals increase, Tasnim news agency reported.
UniCredit is in discussions with US authorities investigating the Italian bank for possible violations of sanctions on Iran, its chief said after reports that Commerzbank agreed to a settlement in…
The rial surged versus all foreign currencies and equities rose in Tehran on Saturday, as optimism that Iran and the six world powers (P5+1) would strike an accord ending the 12-year nuclear…
Iran Insurance Company (IIC) which has taken over Tose’e Insurance Company (TIC) is now in charge of the failed insurer, Banker reported, citing IIC’s managing director. After TIC’s…
The minister of industries, mine, and trade, Mohammad Reza Nematzadeh, said that a financial collaboration between Iran and Iraq could help boost bilateral trade. The minister said an initial…
The Central Bank of Iran (CBI) has issued a bylaw calling on banks to increase financing to the manufacturing sector, a policy that officials say is in line with the “resistance economy” -- a set…
C Commerzbank AG has agreed to pay US authorities $1.45 billion to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money…
The launch of the China International Payment System (CIPS) will not be so attractive to Iran or other nations in the Middle East and Central Asia or even to Russia, economists told Trend in a…
Based on a resolution passed by the cabinet, cars with engine displacements of over 2,500 cc will no longer be allowed to travel outside the special economic zones, IRNA quoted the presidential…
Details of a recent deal between Iran Khodro (IKCO) and PSA Peugeot Citroën were elaborated by the CEO of IKCO, Hashem Yekeh-Zareh, at a press conference on Tuesday. Apart from shared investment…
Stocks at the Tehran Stock Exchange (TSE) pushed the TEDPIX to make brief gains in the week that ended March 11, amid positive speculations about a possible nuclear accord between Iran and world…
Head of the parliament’s research center, Kazem Jalali criticized the trade of mine exploitation licenses, describing it as a serious obstacle to economic activities in the mining sector. He made…
Close to 30 million metric tons of minerals will be extracted from Mehdiabad zinc and lead mine in the central Yazd Province in one year, reported the public relations of the Iranian Mines and…
Iran Tractor Manufacturing Company (ITMCO) on Thursday launched its first production line of heavy wheel tractor-scraper during a ceremony attended by Minister of Agricultural Jihad, Mahmoud…
The rial continued its charge against foreign currencies on Wednesday, as speculation that talks between Iran and six world powers known as the P5+1 would come culminate in a deal wilted safe…
The euro has depreciated more than 20% against the US dollar over the past year and sank to $1.0842 on March 6, hitting an 11-year low against the dollar for two main reasons: the bond-buying…
The deputy minister of economy, Mohammad Parizi, on Wednesday criticized the deposit rates as very high, warning that the economy “will collapse” if the rates are not cut, IRNA reported.
A new report by the International Data Corporation (IDC) shows that overall sales of computers in the Middle East and Africa grew by 2.8% year-on-year in the fourth quarter of 2014.
IDC…
Tehran has not been on the international weekend vacation market in the past few decades, and it certainly wouldn’t be considered one of the cities where wealthy foreigners move to avoid…
Kish authorities on Wednesday announced they have set up an exclusive fiber optic network in line with a strategy to expand IT and telecommunication infrastructure in the Persian Gulf island.…
More than 62 million metric tons of cement was produced during 11 months of the current Iranian year (to end March 20), IRNA cited statistics by the ministry of industry, mine, and trade. Some 80…
