Former governor of the Central Bank of Iran Tahmasb Mazaheri said the recent decision on cutting deposit and loan interest rates would positively affect the economy if necessary prior conditions…
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.
Depositors in uncertified financial institutions will not be backed by the government, says Economy Minister Ali Tayebni, affirming previous comments by the central bank governor. The warning…
Deputy minister of industry, mine and trade Mojtaba Khosrotaj supported the decision made by the Money and Credit Council on April 28 to put a 24 percent cap on lending rate from the previous 27-…
With an end to sanctions on the horizon, investors and traders should be interested in the Tehran Stock Exchange.
An agreement was signed between Mobin Mining and Road Construction Company; the industry, mine and trade organization and the environment department of West Azarbaijan Province to harvest…
The Tehran Stock Exchange overall index recorded the fourth consecutive negative trading week, with around 2.38 percent retreat amid pessimism about lingering ambiguities that have slashed…
Deputy minister of industry, mine and trade Mehdi Karbasian says western companies have recently offered to take part in Iran’s industrial and mining sectors, Eghtesad News reported.
Iran’s production of crude steel grew 9.6% in the first quarter of 2015 as output from Mobarakeh Steel Company (MSC) increased 21% compared with the similar period a year before, IRNA quoted the…
The unauthorized financial and credit institutions hold 20 percent of the money supply, according to news website BINA. Statistics released by the International Monetary Fund suggest that there…
M ajor banks agreed on deposit interest rates on Wednesday, after the central bank left it to them to decide on the matter.
Financial experts and policymakers who had convened for a second meeting to discuss banking strategies after the sanctions are lifted if a nuclear deal is finalized by June 30 sounded more vocal…
About 191,000 tons of steel section was offered on the Iran Mercantile Exchange’s industrial and mining trading floor on Wednesday trading.
According to IME public relations, Khuzestan…
Stocks in Tehran Stock Exchange staged yet another rout at Wednesday’s close, with oil refining companies, petrochemicals, and minerals pulling down the TSE’s overall index to stay in red for the…
According to deputy minister of industry, mine and trade, Ja’far Sarqini, 2,200 mines out of 7,600 mines in the country remained inactive over the past Iranian calendar year (ended March 20).
Iran is the world’s fourth producer ceramic tiles and the fourth exporter to Asian and Middle Eastern countries, deputy minister of industry, mine, and trade, Ali-Asqar Tofiq said on the sidelines…
Business Monitor International revised down its forecasts for the Iranian insurance market in an April report forecasting the third quarter of 2015. However, the think-tank said the sector would…
The recent deposit rate cut has had no impact on gold market, according to an expert in Tehran.
Mohammad Keshti-Aray, president of the Gold and Jewelry Union, said although one week has…
The CEO of a private bank has denied there is a state of monopoly over money in the country, saying the heterogeneous nature of Iranian banking system makes it impossible for few entities to…
A banking consultant with Iran Chamber of Commerce has attributed half of Iranian banks’ non-performing loans (NPLs) to just 600 individuals and companies.
The Central Bank of Iran has deregulated deposit rates for accounts with a fixed term of one year and sight deposits. The decision was announced as the CBI compelled the banks to implement the…
The economic committee of the parliament is preparing a new motion to reform the process of issuing bank checks, according to the Islamic Consultative Assembly News Agency (ICANA). The proposal…
The ministry of industry, mine and trade is targeting to increase mineral extractions to 450 million metric tons in the current Iranian calendar year (started March 21), IRNA reported.
According to experts more than 60% of enterprises in Iran fail within their first year, and about 20% before their third year of business. Small and medium-sized enterprises (SMEs) fall victim…
The stocks early rally in Tehran Stock Exchange evaporated at Tuesday close, pushing down the overall index to pile up more losses, and extending the benchmark’s losing streak for a third…
T he seventh International Conference on Islamic Capital Markets was held in Tehran on May 4-5. Jointly organized by the Securities and Exchange Organization (SEO), the Islamic Development Bank…
