A new bank will be established with 100% Iranian share in Azerbaijan, Iran's Central Bank Chief Valiollah Seif said.
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.
Interest rate cuts will be postponed until after the presidential elections in May, claims a bank chief executive.
The government has approved a proposal for setting the minimum capital required for establishing insurance firms during a Cabinet meeting on Sunday.
The measure also lowers the minimum…
Some 4,400 tons of Persian hand-woven carpets worth $275 million were exported from Iran during the 10 months to January 19, registering a 19% rise compared with the corresponding period of last…
While the range of steel producers, especially in Europe, is actively developing their distribution chains through the Internet, Iran is taking first steps on its way to digitalization.
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All initial public offerings on the Iranian equity market have been suspended till the end of the current fiscal year (March 20, 2017), an official with the Securities and Exchange Organization…
In an operation carried out by the Intelligence Ministry on the outskirts of Tehran, seven containers of apparel, textile and accessories worth about 10 billion rials ($2.6 million) were…
Tehran Stock Exchange’s main index gained 189.50 points or 0.25% to end Wednesday trade at 77,189.7.
About 981 million shares valued at $91 million changed hands for the day.
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House prices have not increased in the past four years and that is not expected to change in the foreseeable future, said the minister of roads and urban development. “We had 650,000 empty housing…
The Central Bank of Iran and Japan's Financial Service Agency signed an exchange of letter on February 12 aimed at easing banking relations and promoting exchange of experience related to…
In the latest measure to gradually revitalize Iran’s banking relations with other countries following the lifting of international sanctions, the governor of Central Bank of Iran, Valiollah Seif,…
Iranian fintech firms and startups have been in the spotlight in recent months, with bankers expressing interest in forging partnership with them. Some experts, however, are concerned about the…
High-ranking officials of Iran and Luxembourg have signed an agreement to support investments and improve banking ties.
Throughout history, the path to industrial development has been paved by steel industry. It has built up invaluable infrastructures, spearheaded technological development and spurred economic…
The government has made an aggregate payment of 119 trillion rials ($3.12 billion) to Tehran Municipality over the two past two years, of which 61 trillion rials ($1.59 billion) were paid in the…
Some 120 lawmakers have signed a parliamentary motion aimed at improving the lives of border residents and couriers.
Iranian banks are now able to employ all anti-money laundering (AML) measures and the framework for combating the financing of terrorism (CFT), according to the deputy governor for foreign…
In order to optimize the opportunities created by the removal of sanctions following Iran’s nuclear deal and to ease banking services to foreign investors, the Central Bank of Iran has…
All banks will now be able to access audit reports online, the director general of Iranian Association of Certified Public Accountants announced.
“Filing of requests by the banking system…
The ban on online currency trade by exchange shops will be eased and the Money and Credit Council is in charge of following up the matter, the Central Bank of Iran’s head of IT and Communication…
The Central Bank of Iran has not forced banks to stop lending, but banks can only lend if they have enough credit since the CBI strictly opposes overdrafts from its resources, CBI’s credit manager…
Iranian zinc smelting plants use only 150,000 tons of their 450,000-ton production capacity, the head of Iran Lead and Zinc Exporters Association said.
Iran Mercantile Exchange started listing saffron for trading using commodity-linked certificates of deposit in Khorasan Razavi Province on Sunday.
The first saffron trade transaction took…
There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government.
And the private sector, touted as the voice of free market…
Empowering the Iranian banking system in terms of lending, capital buffer and bad debt recovery took center-stage at the latest major economic conference focused on investment and financing, which…
