A few months into the implementation of a plan to move the accounts of the government from agent banks to the Central Bank of Iran, the number of state accounts has drastically decreased.
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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.
Officials from Tehran Chamber of Commerce, Industries, Mines and Agriculture visited the Danish Trade Council in Copenhagen on Friday, where they called on the Danish government to take measures…
Capital Intelligence has confirmed Iran's Bank of Industry and Mines Financial Strength Rating with the sovereign long-term rating of "BB-"–the same as Iran's sovereign rating.
The…
The Banker’s Top 500 Banking Brands rankings for 2017 have been announced with five Iranian banks making it into the Top 500, mainly as a result of Brand Finance’s ability to include accurate…
A great deal of noise surrounds the fate of the Iran nuclear deal.
It is going to be very difficult to roll back the agreement, announced a year ago. Therefore, it remains to be seen…
Iran’s square billet producers chose to lower their prices to meet export customers’ price expectations and boost demand.
In addition, a significant downturn in Turkey’s import scrap…
The Iranian flat steel import market has not shown any sign of a revival in activity over the past week.
The major factor behind the halt in purchasing was the high prices for foreign…
Iran Mercantile Exchange plans to start listing saffron and pistachio for trading by mid-February, chief executive of IME, Hamed Soltani-Nejad, announced. “Iran’s saffron market is mostly based on…
Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.
Iranian weekdays start Saturday and end on Friday. Both of…
The US dollar was quoted in the free market at 38,200 rials on Monday. According to the Association of Bureaux de Change Operators of Iran, rial strengthened from 38,250 to 38,000 per dollar…
Tejarat Bank has started offering services to French traders through its Paris branch “to help boost Iran-France commercial ties in the post-sanctions era”, the bank’s chief executive said.
A number of Iranian lawmakers and officials have voiced concern regarding the potential hazards of the steady increase in the country’s money supply (M2) in the past couple of years and called for…
A directive has been issued for the current fiscal year (started March 20, 2016) to extend the penalty waiver for loans fewer than 1 billion rials ($31,400) for the coming fiscal year too,…
The Organization for Economic Cooperation and Development will upgrade Iran's rating in the country risk classification of the Participants to the Arrangement on Officially Supported Export…
Over 1,400 structural steel sales outlets have gone out of business in the past three years, says the head of Tehran Iron and Steel Union, Mohammad Azad.
“The recession in the construction…
Thirty percent of revenues earned by companies affiliated to the Islamic Revolution Mostazafan Foundation are allocated to poverty alleviation programs.
This was announced by Mousa…
Director General of the Supreme Audit Court of Iran Adel Azar said the “astronomical” salaries of corporate executives have been returned to the treasury in their entirety.
“After eight…
Tehran Stock Exchange’s main index plunged by 0.72% to end Wednesday trade at a four-month low of 77,414.9.
After breaking the 78,000 resistance level early in the morning, TEDPIX continued…
Steel import tariff rates have always been a sensitive issue for government officials and industry players.
Raising the tariff bulwark gets steelmakers cheering for the newfound…
The Czech Republic government has considered opening a $100-million credit line to encourage trade with Iran, said Martin Tlapa, Czech deputy foreign minister, during a meeting with the Iranian…
The National Development Fund of Iran, the country's sovereign fund, announced that it plans to make investments in international money and financial markets "so that its assets can act as a…
A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the rules easing travel for bank debtors, noting that executive bodies should understand the fact that the…
Bank accounts of all public organizations should be transferred from commercial banks to the Central Bank of Iran, a deputy minister of economy said.
The main component of the Central Bank of Iran’s grand plan to overhaul its financial oversight regime has been presented to the Money and Credit Council for final approval, an advisor to the…
Although Iran is set to hold two important elections, namely the presidential and city and village councils polls, in May, there will be no fluctuations in the housing market and the sector is…
