The rial fell for the second day in a row against a basket of major currencies on Monday, with new analysis arguing that the depreciation hurts manufacturing.
Demand for foreign currencies…
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.
In line with the principles of the resistance economy, a doctrine proposed by Leader Ayatollah Seyed Ali Khamenei to counter western sanctions, Bank Saderat Iran has pledged to finance three major…
Iran Zamin Bank has rejected reports suggesting a distraint notice has been issued on its assets.
Iran’s copper reserves amount to 20 million tons, which is 2.9 percent of global reserves, according to a report released by the Iranian Mines and Mining Industries Development and Renovation…
The 9th International Brand Conference opens at IRIB International Conference Center in Tehran on Tuesday with special focus on the role and position of national branding in export development and…
Exploration operations carried out on 12,000 square kilometers of Sangan region in Khorasan Razavi Province have led to the discovery of 3 billion metric tons of mineral deposits, deputy head of…
Stocks waxed and waned at the Tehran Stock Exchange (TSE) on Monday, after the overall index retreated to settle in red territory in a floppy trade at Monday’s close.
Pilot cadastre projects have been implemented in five provinces across the country with the aim of cutting down on bureaucracy and promoting electronic issuance of exploration and extraction…
Iran’s deputy minister of cooperative, labor and social affairs is in Doha to meet with his Qatari counterpart and discuss the terms of a recently penned memorandum of understanding (MoU) between…
Iran produced 1.366 million metric tons of crude steel in January this year, registering 19.7% growth compared to 1.141 million tons produced in the same month last year, according to the latest…
Iran Mercantile Exchange (IME) played host to 290,000 tons of coppers, steel, agricultural and petrochemical commodities offered by local suppliers during Sunday’s trade. According to IME’s Public…
All indices at Tehran Stock Exchange (TSE) helped drag down the TEDPIX at Sunday’s close to evaporate the prior trading day’s gains, with lingering uncertainties surrounding the ongoing nuclear…
During the past few years, a number of Iranian commercial banks have suggested that Automated Teller Machines (ATM) should be updated and adjusted to accept checks. Namely, CEO of Bank Mellat…
A conference on the development of financial innovation in Iran will take place on March 1, according to the news website, Banker.
The conference, set to be held at Sharif University in…
The Supreme Anti-Money Laundering Council has ruled that any suspicious hefty financial transactions are to be regulated Interior Minister Abdoreza Rahmani-Fazli said.
Bank Saderat Iran has issued more than 9,000 virtual cards to institutional and non-institutional entities during the first nine months of the current fiscal year (ending January 20).
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In an address to the Public-Private Dialogue Forum in Khoramabad, Lorestan, Justice Minister Mostafa Pour-Mohammadi has voiced support for the administration’s idea that banking structure needs…
Those who invested in gold and housing markets in the past decade have made tenfold profit from their investment, while those involved in foreign exchange and stock markets have respectively made…
In effect of a complaint filed by the Trade Development Intl. Company (TDIC), branch 19 of Shahid Behehsti Judicial complex has ruled in favor of a distraint notice on the assets of Iran Zamin…
Relatives of US soldiers killed and wounded in a 1983 Beirut bombing have been barred by a US judge from seeking $1.6 billion in assets belonging to the Central Bank of Iran and held by a unit of…
The first national conference ever held in Iran on a “suggestion system” within the Iranian banking network is set to open on Feb. 23 in the central bank’s conference hall. Iran Banking Institute…
The Money and Credit Council is evaluating a new set of regulations offered by the central bank for the bureaux de change and leasing companies in free trade zones.
Iran’s northwestern free trade zone called Aras has announced it has broken ground on its largest shopping mall yet, according to the free trade zone’s website.
The new mall, called Aras…
As the New Year (Norouz) is approaching, Bank Mellat’s board of directors ordered all branches in Tehran and other cities to operate over hours (except for Thursdays).
The decision was made…
Tehran’s gold market has taken another knock on Saturday with the Iranian Azadi bullion coin taking a hit.
