Islamic banking’s usury-free monetary system has always been among the concerns of Muslim-majority countries. These ideals, along with fair lending regulations and statutes have eluded the Iranian…
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.
T here is no denying it. Social media is changing everything, from how we find restaurants and book flights to how we gain access to news. Iran with its tech savvy, fashion conscious young…
Over 68 percent of lending in the 11 months to Feb. 19 (the first 11 months of the Iranian fiscal year), was used for buying durable Iran made goods, ISNA reported on Monday, citing central bank…
Stocks bounced back on Monday, propping up the Tehran Stock Exchange benchmark with refining companies providing the biggest boost to TEDPIX.
Mobarakeh Steel Company (MSC) offered different steel sections in the Iran Mercantile Exchange’s spot market on Monday trading, IME public relations reported.
The CEO of Tehran Stock Exchange has rejected accusations that large institutional investors have manipulated prices, according to comments made in a recent interview with ISNA. …
About $6.5 billion worth of ores and mineral products were exported over the past Iranian year (ended March 20), Eghtesad-News quoted deputy minister of industry, mine and trade, Ja'far Sarqini as…
According to the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), a consortium composed of IMIDRO, private sector companies, and Chabahar Free…
Contrary to some experts hailing the Money and Credit Council’s recent move to decrease interest rate ceilings, an economic expert cast doubt on whether the decision could have a positive impact…
The minister of economic affairs and finance on Saturday emphasized the “sensitive role” banks have played in the country’s dealings with foreign nations, saying that despite structural problems…
The Money and Credit Council gave the Central Bank of Iran the permission to issue 100 trillion rials ($3.4 billion at the official exchange rate) of sukuk or Islamic bonds in a bid to keep a lid…
The Central Bank of Iran released the latest statistics on monetary indices based on data gathered between March 21, 2014 and February 20, 2015, Akhbar Bank reported. Private banks and credit…
The stocks rout at the Tehran Stock Exchange is triggering alarm, as leading listed companies keep weighing on indices, and drag down the benchmark to stretch losses it has been piling up since…
The Islamic Parliament Research Center has conducted an investigation into the setbacks the country’s coal sector suffers from, the most important of which is traditional extraction techniques and…
Sunday trade at the Iran Mercantile Exchange saw close to 369,000 tons of commodities in the spot market, offered by local suppliers, IME public relations reported.
The Iran Fara Bourse main index (IFX) slipped 4.71 points or 0.66 percent amid bearish sentiment at the equity market, to end at 712.05, IFB public relations reported.
Close to 267,970…
Price to earnings (P/E) ratios are not likely to fall any further this year, said Saeed Shirzadi, capital manager of the Civic Pension Fund Investment Company – the investment arm of one of Iran’s…
The Central Bank of Iran (CBI) published a report on the latest developments of the housing market in the capital Tehran in the first Iranian month of Farvardin (ended April 20). According to the…
Tose’e Insurance Company, the firm that caused uproar last year for infringing the rights of its customers, is still recognized by the website of the Central Insurance of Iran -- the main…
The maximum wage for CEOs and board members of state-owned banks has been approved by the parliament, putting restrictions on the notoriously high salaries of bankers.
Mohammad Reza…
A n economist has criticized the Money and Credit Council for “being dependent on the government” and “lack of technical expertise” among its members, Banking and Insurance News Agency (BINA)…
Contrary to liberal experts hailing the Money and Credit Council’s new move to raise mortgage ceilings, two parliamentarians cast doubt whether the decision could have a positive impact on the…
The banking sector is expected to benefit from a lifting or even easing of sanctions imposed on Iran in recent years over its nuclear energy program, a report says, predicting that lending growth…
The World Steel Association, known as Worldsteel, announced that Iran produced more than 5.36 million metric tons of crude steel in the first four months of 2015, indicating a 3.5% growth compared…
The global iron ore crisis and the increased mining royalties in Iran have put small and medium iron ore mines, especially those in the northern half of the country, under great pressure, making…
