Alborz Insurance profits beat expectations after growing 30 percent for the current fiscal year ending March 2015, said the insurer’s CEO Rasoul Tajdar. The Tehran-based insurer expanded its…
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.
O ver the past month the Central Bank of Iran has kept close watch regarding banks’ deposit interest rates and three cases of violations were reported and sorted out over the period, CBI Governor…
T he Times of India announced in November that it will offer online visa facilities for 45 countries including, the US, Australia, Germany, Japan UAE, Palestine, Jordan, Thailand, Singapore and…
Some iron ore mines will be forced to shut down if the export market for the product does not improve, warned the deputy minister of industry, mine, and trade, Mehdi Karbasian on Sunday.
The ministry of industry, mine, and trade said in the first 8 months of the current Iranian year (to end March 20), there were 4,145 unfinished industrial projects across the country with more…
Stocks’ sharp retreat continued on Sunday, after most of the shares at the equity market witnessed panicked selloffs due to the fragile atmosphere at Saturday’s close.
Failing to snap the…
Some 200 companies from Iran and foreign countries such as Germany, France, Spain, the US, Finland, Denmark, Switzerland, the UK, and Sweden are participating in the 11th Energy Exhibition on Kish…
Iran’s e-commerce industry has a new competitor in 2015 who is going to shake up the status quo. The new app is called Lendem short for “lend them” and aims to shake up how things are traded and…
Interest on sight deposits will be calculated via a new method, a newly issued directive by the Central Bank of Iran states.
According to the directive, interest on sight deposits will be…
T he old Persian language sarcastic adage of “take it if it’s free “ has come unstuck last week with the revelation of a SMS and online con which had fooled thousands of Iranians to give their…
Although false presuppositions existed regarding the fact that the capital market and money market were in competition and that the Central Bank of Iran does not want the former to prosper, CBI…
The Central Bank of Iran and the ministry of cooperatives, labor and social welfarehave jointly agreed to grant permission to different groups from diverse career backgrounds to establish credit…
In its latest report on the Middle East and North Africa mining outlook for Q1 2015, the Business Monitor International has predicted tentative signs of an opening for Iran's mining sector. The…
The production of aluminum ingot exceeded 262,000 metric tons during the first nine months of the current Iranian year, Iranian Mines and Mining Industries Development and Renovation Organization…
Royalties received from mines across the country will be spent on developing different mining projects, IRNA cited the head of the Iranian Mines and Mining Industries Development and Renovation…
More than two dozen types of different commodities were offered by 27 suppliers on Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Saturday.
Stocks kept dramatically tumbling on budget worries and sinking oil prices, with the benchmark retreating more than 1 percent at Saturday’s close.
The ongoing meltdown in oil prices is…
The 7th international exhibition of cement, concrete, manufacturing technologies and related machinery will kick off in Tehran on January 14. The four-day event will host more than 120 companies…
Benchmark Azadi bullion coin rebound on Saturday, after two days of decline, catching up on gold’s higher close on Friday.
Azadi gained 0.71 percent and reached 9,950,000 rials by 12:47 GMT…
The Director of the Export Development Bank of Iran, Ali Salehabadi in the first meeting of the board of directors of the bank in recent weeks announced a new macro policy review and revision of…
E-check system Checkavak will go online nationwide on Feb. 11 – the anniversary of the 1979 Islamic Revolution.
With Checkavak electronic check management system, bounced checks will be…
The smart phone application industry in Iran has taken another leap into the dark recently. A new app developed by graduates from Tabriz and Sooreh universities lets users take control of their…
Blocked Iranian assets so far released as part of a nuclear interim deal with the West is set to be spent as prioritized by the Central Bank of Iran, a top monetary official said on Saturday.
Banks must further help exporters and investors as the banking sector plays a central role in the development of non-oil exports, CEO of the Export Guarantee Fund of Iran, Taher Shah-Hamed said.…
The deputy minister of industry, mine and trade says the minister has ordered to stop the allocation of foreign exchange at official rate for the import of steel products in a bid to confront…
