Lawmakers have made a decision that would allow the Central Bank of Iran to resume printing and distributing 'Iran Checks', urging the bank to adhere to the limits set by the Money and Credit…
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.
Tehran’s largest technology mall called Charsou meaning four-ways has opened as the Iranian New Year is approaching. The mall primarily selling technology items and home appliances has touted…
Despite a meaningful decline in inflation in recent months, commercial banks still resist to cut interest rates on deposits and loans. The maximum rate lenders offer on deposits stands at 22…
Parsian Bank led earnings among private lenders in the year ending March 2014, for the sixth consecutive time, according to the Industrial Management Institute.
The Tehran-based bank came…
Iran Insurance Company (IIC) is set to take over another peer company, Tose’e Insurance Company (TIC), the Supreme Council of Insurance announced on Tuesday.
The work permit of TIC has now…
Parliament members ratified an approval on Tuesday allowing the government to help raise capital for state owned banks by a maximum of five trillion rials ($180 million at official exchange rate…
The total amount of NPLs or non-performing loans in the banking system is estimated at two quadrillion rials ($72.3 billion at official exchange rate), more than twice the minimum estimate of 950…
A report published by well know Russian security firm Kaspersky Labs on Tuesday revealed that Iran is one of the most hacked countries from a new malware bug.
One plus one makes three: this equation is the special alchemy of a merger or an acquisition. The key principle behind buying a company is to create shareholder value over and above that of the…
Following months-long negotiations, mining companies will be offered loans to optimize their fuel consumption, said director general of the mineral office of the ministry of industry, mine, and…
A memorandum of understanding (MoU) has been signed between the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and the Geological Survey of Iran to expand…
The Tehran Stock Exchange overall index pulled back from an early rally to a sharp decline, to notch a new record low in 2015 at Tuesday’s close.
Iran’s textile and apparel industry is worth $7.3 billion, with the apparel industry’s market value amounting to $5 billion and the textile and rug industry comprising the rest, announced the…
Tuesday trading at the Iran Mercantile Exchange (IME) was accompanied by offering of corn, both from local and overseas suppliers, on the agricultural trading floor, IME’s Public Relations and…
A report published by the parliament’s research center provides a general overview of mining and mineral industries in North Khorasan Province, located in northeast Iran.
Close to 257,000 tons of various commodities were put up on the boards of Iran Mercantile Exchange (IME)’s spot and secondary markets during Monday trading, IME’s Public Relations and Foreign…
The second phase of Sungun copper concentration plant, which was inaugurated last week, is an advanced copper recovery plant with state-of-the-art equipment that enables it to recover up to 92% of…
Ever since Iran and the P5+1 group (the five permanent members of the United Nations Security Council plus Germany) reached an interim nuclear deal in Geneva back in 2013, foreign companies have…
Iran Fara Bourse or over-the-counter (OTC) has registered 237 cases of takeover, worth 120 trillion rials (approximately $3.5 billion at market exchange rate), the chairman of Iran Financial…
Price swings at the Tehran Stock Exchange helped the benchmark to rebound and stand in green at Monday’s close. The TSE data illustrates that all indices contributed to push the TEDPIX in green,…
Unlike 2012, when the Iranian police force cracked down on illegal foreign exchange dealers in Tehran and other big cities, the police have this time no plan to intervene in the market unless top…
Aside from attracting deposits, which has long been a main criterion for assessing the successful performance of a bank, increasing customer loyalty and decreasing non-performing loans are also…
In their latest meeting, the cabinet members agreed to raise additional capital for the Central Bank of Iran. The bank’s capital is now set to be raised by 6.4 trillion rials ($186.9 million),…
Microfinancing is an untapped field in Iran’s financial industry. But regardless of the industry’s long term challenges like high amount of toxic debt circulating within the banking system and the…
A recent article published on the CoinTelegraph Website – dedicated to Bitcoin news– has created a buzz on social media about how Iran can continue to do trade with the world using the emerging…
