A Tehran-based company, Shid Andish Dadepardazan Co., has announced it has created a new indigenously created search engine.
The search engine to be made within Iran is called “Yooz”,…
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.
The Central Bank of Iran (CBI) has issued a bylaw obliging all banks to pass “interbank” checks only until 1 pm on working days, Eghtesad News reported.
An interbank check is issued on…
The latest edition of Iran’s National Web Festival kicked off at the Shahid Beheshti campus, in northern Tehran, on Sunday.
Two main speakers of this year’s event were Jaques Van Niekerk,…
Iran’s insurance industry is expected to achieve “strong single-digit growth” in the course of 2015, Business Monitor International predicts in its January report, though it revised down its…
Given the fact that the Central Bank of Iran cannot properly monitor the activities of the credit institutions they continue to increase interest rates on deposits, CEO of Iran Zamin Bank, Kamal…
The monetary base has contracted for the first time in a decade, according to a top official with the Central Bank of Iran.
The most important reason behind the increased prices of compulsory motorists’ third party insurance is the fact that “extra duties” are imposed on insurance companies, said CEO of state-owned…
A seesaw trading day at the Tehran Stock Exchange (TSE) was accompanied by the TEDPIX’s tiny retreat at Sunday’s close.
Fragile atmosphere at the equity market due to the lingering…
T he stagnant housing market in the second half of the current year (ending on March 20) led to an upward trend in the sector and saw financially strong customers enter the market.
Experts…
Mostafa Mo’azenzadeh, top aide to the vice president urged the private sector to start exploring new iron ore mines, noting that active iron ore reserves will be depleted in the near future.
Esfahan Steel Company (ESCO) exported 252,500 metric tons of different steel products during the first ten months of the current Iranian year (to end March 20), indicating a 32% growth compared to…
About 15.9 million metric tons of cement and clinker were exported during the first ten months of the current Iranian year (March 21, 2014-January 20, 2015), IRNA cited the secretary of Iran’s…
In a recent meeting with Iran’s deputy minister of communications, visiting Singaporean minister of communications and information technology, Yaacob Ibrahim, said his country is ready to develop…
Sterling rose to a three-week high versus the rial on Saturday, on the British currency’s rally in the international markets coupled with a general retreat of the rial against major currencies.…
A senior central bank official said on Saturday that commercial banks should be provided with cash if they are to raise capital, rejecting an alternative solution that urges lenders to increase…
The Central Insurance of Iran (CII) or Bimeh Markazi has completed a new system known as ‘SANHAB’, through which the activities of all insurance companies can closely be monitored.
The new…
Bank Sepah has targeted “equal distribution” of its financial resources in a bid to help boost growth and development in country, the bank’s CEO said on Saturday.
“Bank Sepah is more…
A parliamentarian has blamed the limited financial resources and high interest rates on loans as two major problems nearly 80 percent of manufacturing units across Iran are struggling with.
Automotive companies have been clearing some of their long-standing debts to auto part suppliers, even though they have been complaining of being hit by recession and unable to recover their money…
According to a recent agreement reached between the IME and steel suppliers, the steel market is expected to reach equilibrium in terms of supply and demand; SENA quoted Hossein Panahian, SEO of…
Anguran mine in Zanjan province extracted nearly 17% more zinc and lead in the first ten months of the current Iranian year (to end March 20) than the similar period last year, based on a report…
The two key private associations in the iron ore and steel sectors formed a joint council, in a bid to address the steel industry issues and boost production in line with the country’s Vision Plan…
Tehran Stock Exchange (TSE)’s overall index snapped 3 days of losing streak at Saturday’s close, after Brent crude oil prices hit their highest level so far this year.
Major iron ore companies produced more than 21.32 million metric tons of iron ore concentrate during the first ten months of the current Iranian year (a period spanning from March 21, 2014 to…
Nearly 60% of shares of an ochre (red soil) mine on the southern Hormoz Island in Hormozgan province were offered to the island’s residents during a ceremony attended by provincial officials on…
