Business And Markets

Even though Iran is ranked globally as the 11th iron ore producer and the fourth supplier to China – the world’s biggest buyer of iron ore — next only to Australia, Brazil, and South Africa, the…

Shareholders will gain more after international sanctions are lifted, as more liquidity will flow into the equity market in upcoming months, a market expert said.

Given the fact that the administration has successfully improved business environment and the economy, the banking system will have the opportunity to offer services abroad, said a senior central…

The Central Bank of Iran is a playground for politicians. Its policies are set by a board heavily influenced by the government. Thus, it has to cover shortfalls in fiscal policies via monetary…

A return to pre-sanctions era, when Iranian banks were well connected with international banks, will take at least four to seven months, said a managing director of a privately-owned bank in…

Commercial banks and credit institutions have started providing “weekly” and even “one-hour” loans to their customers as economic hardships have made it hard for domestic business people to remain…

Around 90,000 tons of bitumen 6070 was exported through the IME’s export trading floor during the week that ended April 8, Imereport.com reported. Analysts believe following the preliminary deal…

The Iran Mercantile Exchange (IME) witnessed the first trade of gold, aluminum, and coke on Wednesday since the beginning of the new Iranian year, which started March 21. According to IME report,…

Global interest in Iran's mining sector has grown especially after Iran and the major powers reached a nuclear understanding earlier this month in the Swiss city of Lausanne, Bloomberg quoted…

A ferrochrome factory will be established in the Persian Gulf Special Economic Zone in the port city of Bandar Abbas in a joint venture with the Chinese, IRNA cited the governor of Hormozgan…

New inflows of money headed into the equity market accompanied by a breathtaking leap in trade value at the Tehran Stock Exchange (TSE), after the recent bullish trend amid prospects of a more…

The startup environment in Iran is improving, thanks to the active players in the industry working towards developing a culture that aims at encouraging the investors and owners of capital to…

 The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court.…

In a recent meeting of the Money and Credit Council (MCC) held Tuesday afternoon, the framework for overseas banking regulations was decided by the council members. Further details will be decided…

The very first step to reform banking system is transparency in operations, said Lotf-Ali Bakhshi, an economic expert.

Although the banking network plays a key role in the development and…

Management of the currency market should be changed if the government wants to make efficient use of forex inflows, Yahya Ale Es’haq, head of the Tehran Chamber of Commerce, said on Wednesday.

Over the last Iranian year which ended on March 21, the rial weakened by 6% against the dollar to hit 35,000 rials in the ending months, though it settled at about 33,000 rials in the last days of…

The Central Bank of Iran (CBI) has put off formulating an exclusive set of monetary and banking regulations for free trade zones, an issue which has raised problems in the regions, according to…

Bank Pasargad has been included in the list of top 500 world banks published by The Banker. According to an assessment done of banks’ financial reports for the year 2014, The Banker has listed the…

Deputy head of Geological Survey of Iran (GSI) for exploration affairs, Behrouz Borna said on Tuesday that three percent of the world’s mineral resources are found in Iran, which are estimated at…

Despite previous announcement by authorities that the import tariff on steel sheets with thickness under 3 millimeters would not be increased, the tariffs were raised from 4% to 15%, causing…

The Tehran Stock Exchange (TSE) sentiment was boosted, after the TEDPIX was lifted at Wednesday close by huge listed companies that are more likely to yield the highest dividends once sanctions on…

The Central Bank of Iran (CBI) will do everything in its power to alter deposit rates, and the matter will not rest until certain preconditions are met, said Hamid Tehranfar, CBI’s supervision…

Developments in the Iranian currency market in the past days hardly indicate that the recent nuclear agreement has had any effect on the market, an economist argued.

Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers.

Sanctions and loose monetary policy under former President…