Business And Markets

Iran embarked on the National Rare Earth Elements Exploration Operation last year with the cooperation of Geological Survey of Iran, the private sector and a European consultant to determine the…

Technological advancement has painted a future where machines do all our work for a long time, making jobs extinct or scarce, especially those performed by the unskilled.

The Central Securities Depository of Iran issued 21 trading codes for foreigners to trade in Iran’s equity market in the Iranian month of Ordibehesht (April 20–May 20), bringing the total number…

Calling the housing sector a growth engine and a means for getting the economy out of recession, the managing director of the Office for Housing Planning and Economy (affiliated to the Ministry of…

If price undercutting and unhealthy competition persists in the insurance sector, Central Insurance company of Iran and the Supreme Council of Insurance will intervene to regulate insurance…

Bank Sepah CEO Kazem Choghazardi said Sunday shares of some companies affiliated to the bank have been offered to the public as part of efforts to curb non-banking activities prevalent in the…

Following the lifting of the sanctions in January, Iran has reached agreements with foreign banks worth $35 billion, according to deputy minister of economy, Mohammad Khazaei.

Khazaei added…

Bank Day and the Association of Construction Companies (ACCO) have signed a contract to expand cooperation.

In the signing ceremony Bank Day director Alireza Atefifar assured that his bank…

Bank Pasargad has lowered its one-year deposit rates to 16%. The bank’s previous one-year deposit rate was 18%. According to ILNA, there has been talk of other banks such as Parsian Bank doing…

Bank Melli Iran has been successful in reducing its non-performing loans, bringing them down to 8.6% in the previous year (ended in March) which counts as a record in Iran’s banking system, the…

Negotiations are underway with Italian companies to finalize contracts for the development of Mehrabad International Airport in western Tehran in addition to Tabriz International Airport in East…

Tehran Stock Exchange’s all-share index inched down 32.30 points or 0.04% to end Sunday trade at 74,817.8. Losses by oil refining companies, auto manufacturers and petrochemicals had weighed most…

Iran’s annual steel production is expected to reach 50 million tons by the end of the current fiscal year (March 20, 2017), said Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh…

The subsidiaries of National Iranian Copper Industries Company, including Sarcheshmeh Copper Complex, Sungun Copper Mine and Miduk Copper Mine produced about 185,000 tons of copper concentrate…

Iran and the International Bank of Azerbaijan have agreed on the outlines of a $500 million loan for the construction of Rasht-Astara railroad, said the deputy minister of roads and urban…

The chairman of Mehr Afarin brokerage firm says if interest rates are lowered to a certain degree, “we will witness a positive effect on the capital market and the production sectors”, but added…

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has updated its list of Frequently Asked Questions (FAQs) relating to the lifting of certain US Sanctions under…

Bar unexpected major developments, the stability of the currency market is “guaranteed for the foreseeable future”, says Hamid Zamanzadeh, research director at the Monetary and Banking Research…

Iran Persia International Bank is now connected to TARGET 2 interbank payment system, a significant development for the country's banks after years of being isolated from the global banking…

Iran’s proven iron ore reserves are estimated to grow 50% to reach 4 to 4.5 billion tons by the end of 2016, according to Mehdi Karbasian, the head of Iranian Mines and Mining Industries…

Carnage overtook Iran's stock markets on Saturday. Shares on both the Tehran Stock Exchange and Iran Fara Bourse dropped, as panic overtook markets with some shares swinging as much as 8%.

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Iran is planning big for its aluminum industry, as it intends to attract $10 billion of foreign investment to increase annual aluminum production to 1.5 million tons within the next decade as per…

Importers in Iran have bought at least 250,000 tons of Brazilian raw sugar in the first purchases since western sanctions were lifted on Tehran in January, Reuters quoted “trade sources” as saying…

The international duty-free retail arm of Dublin Airport Authority is studying opportunities to enter Iran, following deals in Oman, Saudi Arabia and the UAE, its CEO has revealed.

The foreign exchange market is one sector of the Iranian economy almost always affected by economic and political upheavals. Similarly, it exercises a major influence over key economic indicators…