Business And Markets

Increasing global quotes for steel raw materials and products have let Iranian billet exporters achieve an increase in deal prices for large batches, with suppliers being focused on the Middle…

The total amount of loans allocated to the services sector by Iranian banks in the first seven months of the fiscal year to October 22 has been more than five times the amount of loans handed out…

Parsian Insurance Company, affiliated to Parsian Bank and one of the four major private insurers in Iran, will compensate the victims of Friday’s train crash in the north central province of…

The governor of the Central Bank of Iran has analyzed recent concerns over the growth of money supply saying that private sector savings–as opposed to state deposits–comprise 95% of the liquidity…

Tejarat Bank has established relations with 60 foreign banks since the lifting of sanctions in January, said Ali Mehrpour the bank’s director for international affairs. He added that talks are…

Iranian ships and oil tankers are now free to be insured following the country's landmark nuclear deal with world powers, says the head of the Central Insurance company of Iran, the industry's…

The 2nd ‘Iran Mines and Mining Industries Summit: Development and Investment’, otherwise known as IMIS, is scheduled to be held in Tehran December 10-11.

The current situation in the domestic steel market has compelled most Iranian producers to shift their attention to exports. However, they need to tackle an array of problems including lack of…

The rising trend in steel pricing in Iran stopped last week, with some prices slipping back as hard currency prices strengthened. Some local sellers tried to raise prices but weak demand stifled…

Jewelry shops across Tehran and Zanjan have pulled down their shutters for three days to protest the imposition of what they say is ‘high’ value added tax on their business. The 9% VAT comes at a…

Tehran Stock Exchange’s main index gained 155.80 points or 0.2% to end Saturday trade at 79,541.4.

More than 735 million shares valued at $78.3 million changed hands for the day.

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The rate of the US dollar to the rial is unlikely to reach 38,000 rials, said Hamid Zaman Zadeh, director of research department at Banking and Monetary Institute, affiliated to…

Saman Bank and DF Deutsche Forfait Group signed an MoU to cooperate in trade financing. The collaboration primarily covers the supply of financing solutions for the exchange of goods between…

The US Treasury has reassured Brazilian banks they can finance trade with Iran without fear of sanctions, opening the way to billions of dollars in potential exports of jet planes, buses and…

Officials from the Central Bank of Iran and the National Bank of Ukraine met at the CBI headquarters in Tehran to discuss expansion of banking relations with deputy governors of…

Iron ore concentrate production during the seven months to October 21 stood at 17.87 million tons to register a 20.9% rise compared to last year’s corresponding period, Iranian Mines and Mining…

Stock markets were mostly quiet in the past trading week that ended November 23, as Tehran Stock Exchange’s benchmark index inched 117.2 points or 0.14% to close at 79,385.6. IFX, the over-the-…

During his recent visit to Japan, Indian Prime Ministers Narendra Modi and Shinzo Abe welcomed the prospects of cooperation between the two countries for promoting peace and prosperity in the…

President Hassan Rouhani’s three-nation trip to Southeast Asia in October, which began in Vietnam and was followed by stops in Malaysia and Thailand, culminated in his address to the second Asia…

The mountain of debt is one major challenge the government is facing and it would be beneficial for the economy if the government is indebted to the public as opposed to the banks, says a senior…

The government has repaid 10 trillion rials ($311 million) of its debts to the private sector through restructuring deals since April 2015, said Mehdi Banaei, director of Debt Management Division…

The US dollar is continuing its post-Trump rally in the Tehran market, further throwing into uncertainty Central Bank of Iran pledge to unify foreign exchange rates by March 2017. The greenback…

The government’s Social Housing scheme has begun in earnest and aims to cover as much as 70% of the rent for the vulnerable and low-income groups, says the deputy minister of roads and urban…

Iran has established correspondent relationships with 230 foreign banks since January following the implementation of the nuclear deal.

Tehran Stock Exchange’s main index shed 8.20 points or 0.01% to end Wednesday trade at 79,385.6.

More than 1.4 billion shares valued at $64.6 million changed hands for the day.

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