Espite the Money and Credit Council’s directive in May to increase the ceiling for car loans to 150 million rials ($5,000 at the official exchange rate) Iranian banks refuse e to comply.
Business And Markets
<p>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.</p>
President Hassan Rouhani in a speech to the UN General Assembly on Sept.28 heralded the Joint Comprehensive Plan of Action as a new chapter in Iran’s relations with the outside world.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the country’s central bank to streamline banking channels with Iran in order to facilitate bilateral trade as a…
First Vice President Eshaq Jahangiri has informed President Hasan Rouhani in a letter that 60,000 billion rials worth of Ijara sokuks (sale and lease-backed bonds) were issued to pay a portion of…
The Central Bank of Iran’s credit Manager, announced that marriage loan applicants who applied in the previous years will get the money soon. According to CBI’s Public Relations Office, Ali Asqar…
The Post Bank of Iran, National Development Fund of Iran’s agent bank, will finance private sector export with foreign currency to promote their businesses, the bank CEO said. Khosro Farahi said…
The second Europe-Iran Forum was held late last week in Geneva. It was attended by the leaders from Iran’s financial and commercial companies as well as a handful of government…
The International Monetary Fund's Article IV Consultation group has enjoined the Central Bank of Iran to revive the Oil Stabilization Fund to cushion the country's budget against oil price…
Iran Insurance Company Sunday hosted delegates from the British United Insurance Broker and Japanese insurer, Sompo. According to the public relations office of Iran Insurance, the visits aim to…
The former head of the Supreme Board of Iranian Certified Accountants Association claimed that government-owned banks, by holding 20% of non-performing loans, account for 600-700 billion rials ($…
A local analyst has warned about the adverse consequences of money outflow from banks if tax authorities gain access to depositors’ accounts, IRNA reported on Monday.
The equity market rout has curbed investors’ enthusiasm to shore up their portfolios, with shaky investors preferring to get rid of shares and Tehran Stock Exchange’s trading volume lingering…
With Iran looking to integrate its large iron and steel sector into growing global markets, Oman’s SOHAR Port and Freezone can play a critical role in reviving the sector, according to officials…
Cement exports to Iraq in the first six months of the current Iranian year (started March 21) declined by 20% compared to the same period of last year, said chairman of the board of directors of…
Tuesday trade at Iran Mercantile Exchange saw the offering of more than 137,000 tons of commodities both on local and export trading floors.
In the 1950s, Joseph Schumpeter, an Austrian-American economist, proposed a revolutionary theory that highlighted the role of a competitive business environment on increasing the use of modern…
The International Monetary Fund's Article IV Consultation team is in Iran to assess the country's economic health. The team visited Bank Maskan on Monday on the latest leg of their tour, which…
With the prospect of Iran hosting a growing number of international businesses and multinational companies, market research companies are poised to see a boost in their fortunes. Finding…
Mousa Reza Servati, member of the Majlis Planning and Budget Commission,
said Monday that Bank Saderat will undertake Mizan credit institution’s
financial responsibilities. Servati…
Speculations are rife in the housing market that real estate will see a restriction in property supply in the year 2017.
A housing expert warned against the ill effects of "house grabbing…
Taxing the deposits of unauthorized credit institutions would greatly help restore discipline to the financial system, but imposing tax on deposits that go back five years is open to debate, a…
UK chargé d’affaires to Iran, Ajay Sharma, paid a visit to the head of Securities and Exchange Organization in Iran, Mohammad Fetanat, and expressed Britain’s readiness to form collaboration…
Iran has begun to issue Islamic Treasury Bills, a version of short-term sovereign debt, for the first time to provide a fresh fiscal stimulus to its economy.
With around 9% of the population suffering from diabetes, Iran represents a huge market for insulin.
In fact, over the last few years, the number of diabetic patients has been…
Iran Mercantile Exchange saw the offering of various types of steel sections by Mobarakeh Steel Company on Monday.
As IME reported, the company offered close to 2,200 tons of hot-rolled…
