Business And Markets

The first South Korean bank inaugurated its representative office in Tehran at a ceremony held at the Central Bank of Iran on Monday.  

The Export-Import Bank of Korea (Korea Eximbank) said Tuesday that it signed a financial package worth $15 billion with the Iran’s central bank and government, paving the way for local companies…

Central Bank of Iran has permitted all banks to sell mortgage-backed securities, in an attempt to attract investments to the housing sector.

Lawmakers Tuesday revoked previous rules that required state organizations to buy their policies only from the Iran Insurance Company, the only state-owned insurer in the market, Fars News Agency…

Iran and Germany have reached an agreement over Iran’s €500 million ($578.9 million) Hermes cover debt, said Iran's deputy minister of economy, Mohammad Khazai on Tuesday, during a meeting of the…

High-ranking representatives of the State Secretariat for International Financial Matters (SIF) and of the Central Bank of Iran (CBI) met for the first time in Bern on Monday for financial…

More than 70% of the spectacles and sunglasses available in the domestic market are contraband, the head of Tehran’s Union of Manufacturers and Sellers of Glasses said.

“Some 25% of the…

Caran d’Ache SA, a century-old Swiss maker of writing instruments, supplied Iranian schoolchildren with pencils before the 1979 Islamic Revolution. Now, it’s betting on a partnership with a…

The Eighth International Course on Islamic Capital Market opened in Tehran's Azadi Hotel on Tuesday with a keynote speech delivered by Iran's Minister of Economic Affairs and Finance Ali Tayyebnia…

Based on a new parliamentary legislation, any government contract with foreign parties worth over $10 million requires a tender notice, which can be domestic or international. In special…

Tehran Stock Exchange’s all-share index TEDPIX lost 241 points or 0.31% to end Tuesday trade at 78,044.4.

Losses incurred by oil and petrochemical companies were the main cause of the…

A senior official said Sunday Iran has filed a lawsuit against the US at the International Court of Justice over a US Supreme Court ruling which would transfer over $2 billion in frozen Iranian…

South Koreas’ KEB Hana Bank is willing to start cooperation with Bank Melli Iran, KEB president and CEO Ham Young-joo said during a visit to BMI headquarters on Monday.

“South Korea has…

Implementation of the nuclear accord between Iran and six world powers in January has helped open new vistas for Tehran reconnecting it to the centers of international political and economic power…

Export Guarantee Fund of Iran (EGFI), and its South Korean counterpart, Korea Trade Insurance Corporation (K-sure), took practical steps on Monday to promote two-way trade by signing an MOU at the…

The banking sector lent a total of 4.17 quadrillion rials ($137 billion) during the fiscal year that ended on March 19 -- a growth of 22.2% compared to the previous year. A press statement from…

Tehran Stock Exchange’s all-share index TEDPIX shed 99 points or 0.13% to settle Monday trade at 78,285.4 on losses incurred by large-cap petrochemical, investment and copper companies.

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Iranian producers have been manufacturing chandeliers for over half a century now and are well known throughout the world.

More than 80% of the raw materials required for the production of…

The rise in unemployment rate is a predicament economies face from time to time. Governments strive to tackle the issue, since joblessness is a source of many other economic and social problems…

Isfahan is hosting the 12th International Exhibition of Stones, Quarries and Relevant Industries with more than 90 domestic and 19 foreign firms from China, Turkey, India, Italy, Russia and…

Lawmakers Sunday passed legislation that allows the central bank to sign currency swap agreements with Iran’s major commercial partners.

The CBI has been tasked with promoting the usage of…

As the US dollar continues its weak trend, investors are looking more toward gold as a safe haven. The Iranian rial registered gains against the American currency from Thursday when it gained 30…

Representatives of the Iranian government met the week before last with the Financial Action Task Force, the international body that has blacklisted the country from the global financial…

Banks have taken over 1,099 struggling industrial units across the country, while 75% of them are still active, said deputy minister of industries, mining and trade on Sunday.  

“Bank…

An official at KB Kookmin Bank said they are negotiating with major banks in Iran in order to be ready, just in case they will be able to do trade with Iranian counterparts using the yen or the…