The World Bank believes in an average growth of 2.9% this year for the Middle East and North Africa, reflecting largely the expectations for Iran’s economic recovery after the lifting of the…
Business And Markets
<p>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.</p>
The Central Bank of Iran has ordered banks and credit institutions to allocate a minimum 10% of their loans to small and medium-sized businesses in a move to help create jobs and lift the…
As more fat cat paychecks of senior executives and public-sector bankers surface on social media websites, Majlis Speaker Ali Larijani has called on the Supreme Audit Court to launch an official…
Lately, media outlets have been awash with commentaries about the new contract struck by Iran and India as its main signatories as well as Afghanistan to develop Chabahar Port in southern Iran.…
China’s NFC and PowerChina companies have expressed interest in making investment in Iran’s mining and mineral industries’ development projects.
Bearishness continued to dominate markets this week, as shares on both Iran’s equity exchanges declined while trading volume plummeted.
Rival markets were also eventless. Currencies held…
Iran is Asia’s fourth largest lead and zinc producer following China, Kazakhstan and India.
This is while the country’s per capita zinc consumption stands at about 1.14 kg, compared to…
Indian refiners have turned to State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH) to speed payment of billions in Iranian oil dues they still owe to Tehran,…
The Trade Promotion Organization of Iran Wednesday said $11.7 billion in subsidized foreign exchange had been used for imports during the first 70 days of the current fiscal year that started…
Mellat Bank branch in Yerevan has attracted € 10 million after international sanctions on Iran were eased, the executive director of the bank Seyed Gholamreza Mousavi said in an interview…
The Majlis Research Center has suggested the government repay a portion of its huge debts to the banking network by issuing Islamic Sukuk with maturity in the medium-term.
Cooperatives need a private bank of their own to access their 15% share of financial market facilities, as was planned in the Fifth Five-Year Economic Development Plan that ended in March, said…
As the new 800-million-rial ($26,000) loan of the Housing Savings Account scheme came into effect Wednesday, a Bank Maskan official said as a result home sales could pick up by as much as 10%.
Bank Saderat Iran, managed to reduce its non-performing loans by 10% last year, the bank’s chief executive, Esmaeil Lalegani said on Wednesday. BSI chief also added that his bank is developing a…
Tehran Stock Exchange’s all-share index TEDPIX edged up 1.70 points or less than 0.01% to end Wednesday trade at 75,876.2.
Losses incurred by mining and oil companies canceled out gains by…
Iran Mercantile Exchange’s average trade volume has been worth 5-7% of Iran’s gross domestic product in the past few years, Hamed Soltani-Nejad, IME’s chief executive, was quoted as saying by SENA…
Tehran Stock Exchange is increasing its capital by a third, the exchange’s chief financial officer has announced.
The exchange will add $400 billion rials ($11.5 million at market exchange…
Iranian people and government officials must work to improve the world’s perception of making an investment in the country, which has been misrepresented, partly by the biased media…
The domestic copper industry’s path to growth is impeded by rising exchange rates, shrinking global prices, low profit margins and the country’s underdeveloped downstream industries which, in turn…
Temenos is closing in on a core and digital banking software deal in Iran, Banking Technology reported. The vendor is believed to be in talks with Ayandeh Bank (Future Bank). The bank offers…
The Minister of Economy and Finance Ali Tayebnia says extensive plans are underway by the government to help fix the credit crunch besetting the economy and raise the capital of banks.
Italy’s export credit agency SACE plans to move into Islamic finance, including developing business with Iran, where the banking system is designated Islamic, after the lifting of international…
The Central Insurance company of Iran–the industry’s regulator– is working on a comprehensive program to overhaul the insurance industry which includes plans to reorganize the domestic market and…
Reiterating the need and necessity to reform the banking sector and improve standards to meet global norms, the Governor of the Central Bank of Iran, Valiollah Seif, said Tuesday that the…
Iran produced more than 60 million tons of cement last year (March 2015-16), of which 15.9 million tons were exported to Iraq, Afghanistan, Kuwait and Qatar. Domestic production in 2015 accounted…
