The Royal Bank of Scotland is reported to have reached a settlement with its Iranian customers who charged the giant high street bank of discriminating against them based on their race.
The…
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.
As the Turkish lira continues to lose value against the US dollar, experts are weighing the potential consequences of such a fall for the Iranian economy given the large bilateral trade between…
After the Money and Credit Council finalized a decision on deposit rates in a meeting held on April 28, it also announced approvals on the reserve requirement rate, among other issues.
Despite last month’s agreement between Iran and the West, which lays out the framework for a possible final nuclear deal in June, the Tehran Stock Exchange has not fared well. The TSE’s…
After an eight-year hiatus, the construction of the first phase of South Aluminum Company (SALCO) was launched in the southern Fars Province. The company has the annual capacity of producing 300,…
Cement is considered as an indicator for development in developing countries since it is a key component of concrete, which is essential to the implementation of infrastructural plans. Despite…
The Iranian Privatization Organization (IPO) says the winner of the bid to buy the major football club Perspolis will be announced this week, according to the IPO public relations.
The Iran Mercantile Exchange has decided to gradually shut down the spot market (physical marker) by the end of the current Iranian calendar year (March 19, 2016) in a bid to pave the way for…
Lingering jitters weighed on the Iran Fara Bourse overall index (IFX) amid a lower trade volume during the week that ended April 29, IFB public relations reported.
More than 1.31 billion…
Another week of increased volatility in Tehran Stock Exchange (TSE) pushed the TEDPIX down as lucrative Initial Public Offerings (IPO) failed to shake off the lingering ambiguities to spur…
After seven consecutive days of downbeat performance, the Tehran Stock Exchange’s overall index notched up 0.19 percent at Wednesday close, with contribution from the second market index.
Golgohar Mining and Industrial Company offered around 100,000 tons of iron ore, priced at $27 per ton, on the Iran Mercantile Exchange export trading floor on Wednesday trading, IME’s public…
For more than two years now the issue of ‘mining royalties’ has been in the limelight amid heated debates between the government and two major iron ore mines namely Golgohar, in the southeastern…
The Geological Survey of Iran (GSI) has discovered lithium deposits in Namak (salt) Lake near the city of Qom, said deputy director of GSI, Behrouz Borna, Eghtesadnews reported.
The regulator lowered the cap on interest rates offered by banks, in a bid to boost business lending.
After being pushed by various groups to increase business financing, the Money and…
A double-urgency motion asking for further clarification on an article of the Monetary and Banking Act was approved by the parliament on Wednesday. Under the new approval, Article 39 of the…
Iranian companies starved of foreign currency are planning sales of dollar-denominated sukuk as soon as sanctions are lifted, Bloomberg reported on Wednesday.
Chairman of the National Development Fund of Iran Safdar Hosseini said the fund’s officials are eager to collaborate with other national wealth funds across the world, a move he hopes can help…
It appears that the long lackluster days for the silver market is ending and the precious metal is once again finding its place in Iranian household, where it once had a crowning place and not…
The vicissitudes of foreign exchange market have always been a hassle for businesses and industries that rely mainly on the greenback for foreign trade. To address this problem and safeguard the…
Iran’s office to Fight Economic Corruption has instructed the Central Bank of Iran (CBI) to set up a working group to specifically address non-performing loans and penalize faulty individuals, a…
The head of the equity market has called for supporting and increasing the role of mutual funds in financial markets.
“We have to solve the problems of mutual funds, to increase indirect…
Bank Maskan is expanding its business in a bid to maximize its lending power in the housing market and increase profitability.
The bank created two new financial service firms…
Bank Pasargad has been distinguished for its efficiency among 360 Islamic banks and financial institutions in the year 2015. Majid Ghasemi, the CEO of the bank, said Pasargad during its 9-year…
The parliament on Tuesday approved the single-urgency of a motion which would amend the usury-free banking law (first approved in 1983), with 151 votes for it, 4 votes against it, and 7…
