Bank Melli Iran, Iran’s biggest bank which is also the largest in the Middle East, hopes to restore correspondent relations with major Russian banks soon, now that the sanctions…
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.
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City & Financial Global, one of the UK’s leading research-based conference companies, has organized the “Iranian Trade Conference: New Prospects for British-Iranian Trade and Investment” that…
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Iran is well on its way to achieve self-sufficiency in wheat production in the new Iranian year (started March 20), says the agriculture minister.
“Until two years ago, we had to import…
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More than 582,000 tons of lead and zinc were produced by Mehdi-Abad Lead and Zinc Complex in the last Iranian year (ended March 19), indicating a 77% growth compared to the previous year, Iranian…
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Tehran Stock Exchange’s main index TEDPIX shed 213.10 points or 0.26% to close Wednesday trade at 80,752.7.
The benchmark broke above the 81,000 resistance level during the first hours of…
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Bank Muscat has received the regulatory approvals to open a representative office in Iran, Oman's largest lender said in a bourse filing on Tuesday.
"The bank is in the process of…
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The Central Securities Depository of Iran will clear 1.4 trillion rials (about $40 million at market exchange rate) of interest payments to bondholders in Farvardin (Iranian month started March 20…
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According to the head of the Tehran Association of Realtors, an increase in the number of housing deals can be predicted during the first half of the current Iranian fiscal year that started on…
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Tejarat Bank is giving voice to environmental concerns in a new plan that includes a lending boycott on pollutant industries, expanding e-banking services, investing in public transportation…
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Melli Bank London Plc, a subsidiary of Bank Melli Iran, will soon obtain permission for restarting branch in Hong Kong, Abdolnasser Hemmati, BMI’s chief executive said Tuesday.
He made the…
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The US State Department hinted on Monday that the Obama administration may allow Iran to conduct dollar-denominated transactions through non-US banks, in a move to keep its side of the deal after…
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Tehran Stock Exchange’s main index TEDPIX inched up 93.70 points or 0.12% to settle Tuesday trade at 80,965.8.
Close to 60% of the listed companies recorded increases in their shares prices…
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Iranian cement prices will rise 17% by July, says the chairman of Cement Industry Employers Association, Abdolreza Sheikhan. According to the official, the hike in prices is intended to make up…
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The Iranian Privatization Organization sold 219 billion rials ($6.2 million at market exchange rate) worth of government-owned stocks to non-government owners in the last Iranian month (ended…
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Businesses need loans, but they are too expensive. Investment in new ventures is low because it is hard to find a business plan that can return more than a bank offers to its customers.
In…
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Capital increases by companies listed in Tehran Stock Exchange rose 14% in the last Iranian year (ended March 19, 2016), as companies raised cash to keep their solvency.
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The Central Bank of Iran held a press meeting Monday to officially announce that it has reconnected to Swift, the interbank messaging system. The move comes after sections of the conservative bloc…
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The US dollar started the Persian New Year on weak ground, defying expectations that the currency would surge in the early days of the fiscal year (started March 20). It entered the week after the…
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The Majlis ratified a law on Monday allowing foreigners to invest in Iran’s gradually growing insurance industry by buying shares of domestic firms, opening branches and corresponding offices in…
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Tehran Stock Exchange’s all-share index TEDPIX inched up 19.40 points or 0.02% to close Monday trade at 80,872.1.
Petrochemical, steel and auto manufacturing companies gave the biggest…
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Oman-based Dhofar Steel has announced plans to establish a steel rolling mill in Sohar Industrial Estate with raw material sourced from Iran, Bahraini digital news provider GDNonline reported.
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The new Iranian year started on March 20 with high hopes of witnessing a thriving domestic steel industry.
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Iran’s clothing industry has long been reeling under the detrimental effects of smuggling, to the point that from a total of $10 billion worth of domestic demand per annum, $7-8 billion worth of…
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Iran Chamber of Commerce, Industries, Mines and Agriculture has published details of the agreements signed between Iranian and Austrian businesses in Vienna last week.
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Central Bank of Iran governor, Valiollah Seif has called on banks to join the efforts needed to promote the principles of the 'Resistance Economy' recommended by the Leader Ayatollah Seyyed Ali…
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