Six Iranian lenders are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’ Excess Assets, aka…
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.
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The minister of communications and information technology has announced that Iran's infrastructures are ready for the implementation of digital banking.
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The development of Islamic financial system in the Muslim world and the use of science, technology and innovation within the framework of Islamic finance to boost sustainable development were…
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Governor of the Central Bank of Iran Valiollah Seif has again backed the possibility of mergers in the Iranian banking industry that badly needs reforms to address its many challenges. Seif also…
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A total of 98.14 million tons of oil and non-oil goods were loaded and unloaded in Iranian ports during the eight months of the current Iranian year (March 21-Nov. 21), the managing director of…
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The Iranian debt market is struggling to grow while grappling with the traditional dominance of large banks in terms of financing.
It also suffers from a lack of transparency and…
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The Eighth Iranian Steel Market Conference is only a few months away and Iranian government officials and industry players convened on Saturday to review ISMC 2018’s agenda and general outlook…
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Tehran Stock Exchange’s main index gained 144.50 points or 0.16% to end Saturday trade at 91,296.7.
About 589 million shares valued at $86.38 million changed hands for the day.
…
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Capital Intelligence Ratings (CI), the international credit rating agency, has affirmed Saman Bank's both Financial Strength Rating as well its long- and short-term Foreign Currency Ratings at '…
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The Central Bank of Iran has outlined the policymaker's most important measures during the first 100 days of the second tenure of President Hassan Rouhani that began in August.
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In line with developing economic and political relations, Iran and Belarus are to expand their banking cooperation, it was announced in a meeting between First Vice President Es’haq Jahangiri…
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Bank Ghavamin has been pursuing measures that will bear fruit in the next fiscal year (starting March 20, 2018) and allow it to engage in international and foreign exchange transactions for the…
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The average Producer Price Index in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.4% compared with last year’s corresponding period, according to…
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Tehran Stock Exchange’s main index TEDPIX added 1,813 points or 2% during the week that ended on Nov. 29 to end at 91,152.2.
The main index of the smaller over-the-counter exchange Iran…
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Foreigners will soon be able to travel to Arvand Free Trade Zone without a visa, the deputy head of Free Trade Zone Organization, Abdollah Ka’bi, said. According to the official, the move is…
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The US dollar gained against the rial on Wednesday to reach its highest value in Tehran’s foreign exchange market in almost a year. According to Tehran Gold and Jewelry Union’s website, the rial…
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Financial institutions throughout the world have historically–voluntarily or otherwise–relied on mergers and acquisitions to adapt to an ever-evolving climate that has only surged following the…
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Following the banking policies implemented during his first term in office (2013-17), President Hassan Rouhani has once again urged the country’s banking system to follow a roadmap that directs…
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The first phase of zinc concentrate production at Iran’s largest lead and zinc mine is set to be completed by the end of the next fiscal year (March 2019), the managing director of Mehdiabad…
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The Central Securities Depository of Iran issued 19 trading codes for foreign investors in the eighth month of the current Iranian year (Oct. 23-Nov. 21) to trade in Iran’s capital market, the…
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A business delegation from Tabriz in northern Iran was expected in Namibia's capital Windhoek on Wednesday to finalize a contract that in a year’s time could culminate in Iranian-designed…
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There seems to be no end to the gold coin fever engulfing Iran's market. Despite the Central Bank of Iran's attempts to bring the precious metal– traditionally favored by Iranians as a safe-…
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In response to recent complaints of Iranian petrochemical companies regarding difficulties in transferring money from China to their accounts in Iran, the head of Iran-China Chamber of Commerce…
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The Central Bank of Iran has ordered the establishment of a specialized committee to follow up on the implementation of banking relief measures for quake-stricken areas.
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Tehran Stock Exchange's main index gained 599.70 points or 0.66% to end Tuesday trade at 91,255.2.
About 1.33 million shares valued at $68.82 million changed hands for the day.
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