Business And Markets

The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted as a blow…

Maskan Investment Group, the parent company of Bank Maskan, has outlined the group’s new policy in line with the bank’s efforts to spur the housing market.  Iran’s property market has been…

Comatose for most of the week, Tehran stocks took a hit on Wednesday as the prospect of a full-scale global trade war drove panicked investors into a selloff.

A heavyweight petrochemical…

A new terminal at Jahrom Airport in the southern Fars Province is under construction, which is expected to become operational in the spring of the fiscal March 2020-21, the director general of…

Fresh fruits registered the highest year-on-year inflation rate of 52.3% over the year ending July 6 while pulses had the lowest inflation rate of 1.2%.

The Islamic City Council of Tehran approved on Tuesday a measure that increases the costs of burial plots at Behesht-e Zahra, the largest cemetery in Iran located in southern Tehran. 

A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the value of the Iranian national currency, arguing that it’s no more cost-efficient to work…

In what is being seen as an assurance to Iran, India on Thursday said it is moving with “speed and skill” on the Chabahar Port project and said it was “committed to the development” of the port…

Petrochemical firms have presented $1.5 billion of their export earnings to the market in the past two months at the unified rate of 42,000 rials, a guild official announced. 

Ahmad…

Bank Maskan CEO Abolqasem Rahimi Anaraki announced plans to revitalize the housing sector by helping balance supply and demand. “Our studies show a large number of residential units on offer in…

A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system. 

Members of Iran’s Parliament have ratified a single-urgency plan containing seven articles that propose measures to nullify or weaken the impact of sanctions the US plans to reimpose on the…

A housing official said the government is providing funds to complete the construction of 150,000 residential units, as part of the protracted Mehr Housing Project initiated more than a decade…

Tehran Stock Exchange’s main index lost 1,343.87 points or 1.21% on Wednesday to end trading at 109,505.1.

About 829 million shares valued at $50.43 million changed hands at TSE for the…

The inauguration ceremony of the final section of Line-1 of Isfahan Subway was held in the presence of First Vice President Es’haq Jahangiri on Tuesday.

Iran Aseman Airlines’ board of directors appointed Mohammad Gorji as the new managing director to replace Hossein Alaei who had resigned. 

Gorji is a highly experienced aviation…

Iran’s total non-oil trade with member states of the Organization of Islamic Cooperation in the last Iranian year (ended March 20, 2018) witnessed a 6.84% and 12.46% rise in tonnage and value…

The Islamic Republic of Iran Customs Administration said it has exported a first cargo to Pakistan through the southeastern Mirjaveh Customs Office under cover of the electronic TIR Convention—…

Iran on Tuesday criticized India for not fulfilling its promise of making investments in the expansion of the strategically located Chabahar Port.

A media delegation from, Russia comprising leading press and broadcast representatives on Tuesday met with managers of Donya-e-Eqtesad Media Group at the company’s head office in Tehran. …

First Vice President Es'haq Jahangiri accompanied by Minister of Industries, Mining and Trade Mohammad Shariatmadari inaugurated a development project at Saba Steel Complex in Isfahan Province…

The total value of all residential deals registered by Tehran’s real-estate agents increased by about 44% compared with the similar period of the previous fiscal year.

Bank Maskan said over 326,000 applicants have signed up for a popular mortgage scheme the lender launched three years ago.

Down payments required of the applicants under the Housing…

Iranian officials, executives and pundits have on many occasions floated the idea of creating a new joint bank with European nations to secure financial ties in the face of looming US sanctions…

The secondary foreign exchange market started working in earnest on Tuesday, with reports suggesting that the first trading at a negotiated exchange rate was almost equivalent to that of the…