Conditions are right for establishment of foreign bank branches and correspondent offices in Iran, governor of the Central Bank of Iran Valiollah Seif, said Saturday.
“Foreign banks are…
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>
Bank Parsian this week held a conference on “Challenges Iranian Businesses Face in Upgrading to International Financial Reporting Standards” in Tehran. According to the lender’s website, the event…
Munich Re and Iranian Insurance Syndicate held a joint training seminar for insurance experts and company directors in Tehran to improve Iranian insurers’ technical knowledge, especially in…
Tehran Stock Exchange’s all-share index TEDPIX won 156 points or 0.21% to end Saturday trade at 76,138.
Robust gains by auto manufacturers, investment companies and banks helped end the…
Most industries divide into subcategories and expand so much over time that they eventually start operating independently. Office furniture and decorations is one such business.
The…
Aad Verbakel, founder of Dutch agricultural firm VB Group, has signed a preliminary deal to build a 20-hectare greenhouse in Iran.
“This large-scale modern greenhouse complex, which will…
Iran is likely to become a major direct reduced iron supplier to international markets because of low energy costs and abundant iron ore reserves, a board member of Iranian Steel Producers…
German Machine Tool Builders’ Association (VDW) and the European country’s exhibition and trade fair company, Messe Stuggart, will hold an international metalworking exhibition in Tehran on May 30…
US Secretary of State John Kerry told Europe’s top banks they have nothing to fear from resuming business with Iran, as long as they make proper checks on trade partners and pursue “legitimate…
The Insurance Regulatory and Development Authority of India (IRDAI) has granted approval to 23 cross border reinsurers for the year 2016-17 including Iran Insurance Company, IRDAI announced in a…
As concerns over the pace of liquidity growth mounts, the Central Bank of Iran has responded by arguing that liquidity is merely a ‘nominal variable’ and such variables are always on the increase…
Iran’s leading private bank, Bank Mellat, won a major legal battle against the UK Treasury in its claim of $4 billion damages for the sanctions imposed on it in 2009, with the English Court of…
The Euromoney Iran Conference will be held on Thursday May 19 in London.
Co-hosted by the Central Bank of Iran, the conference will discuss and explore the necessary steps for Iran’s…
On January 16, 2016, the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country’s return to international capital and other…
Stocks accelerated their decline on Tehran Stock Exchange this week compared to the previous week.
Iranian week days start on Saturday and end on Friday. TSE trading days end on Wednesday…
Iran is seeking $10 billion of investment to develop its domestic aluminum industry that could export 60% of its output to meet growing global demand for the metal used in cars, jets and beverage…
Iran will become self-sufficient in iron ore concentrate production by the end of the current Iranian year (March 2017), says Minister of Industries, Mining and Industries Mohammad Reza…
TK Chemical Corp., the spandex-making affiliate of South Korea’s shipping-to-construction company SM Group, said on Wednesday it will build a spandex plant in Iran to gain a bigger share there and…
Head of Central Insurance company of Iran, Mohammad Ibrahim Amin, said on Wednesday he was stepping down as president of insurance industry’s sole regulator, following the unreasonably high…
Pasargad Financial Group, owner of Iran’s second-largest bank, is weighing the sale of shares in its energy unit as the removal of sanctions boosts confidence in the economy.
Small and medium-sized businesses are allowed to take out loans even if they have unpaid debts and/or bounced checks, the Central Bank of Iran announced Wednesday. New terms are offered to SMEs…
The head of Tehran’s Chamber of Commerce, Industries and Mines, Masoud Khansari says sustainable growth demands structural reforms in the economy and the banking sector in particular.
Tejarat Bank ATMs encourage users not to take out print receipts for their banking operations, as part of the bank’s environment-friendly campaign. Social media users have welcomed the move,…
Stocks are not things to dabble in these days. Tehran Stock Exchange’s main index sank to its lowest in three months on Wednesday.
Equities have fallen for the 12th straight day, with no…
Iran is home to more than 100 pharmaceutical firms, most of which produce generics or biosimilar drugs, while a large number of knowledge-based companies have also been established in recent years…
