Central Insurance of Iran–the industry’s regulator–has fined three insurance companies for failure to show 100% of their earnings in their financial statements in order to evade paying a share of…
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 CEO of Day Bank says it has raised its capital from 5 trillion rials ($164.9 million) to 6.4 trillion rials ($211.1 million). Ahmad Shafizadeh said all required legal action for…
The fact that Iranian banks have not yet been able to establish full correspondent relations with their European counterparts more than three months after the sanctions ended has been a subject of…
The government is planning to complete the first section of the Tehran-North Freeway by March 2017, the deputy minister of roads and urban development said.
Mehr News Agency also quoted Ali…
The removal of western sanctions imposed on Iran over its nuclear program, as part of the July 14 nuclear deal reached with six major world powers, held much promise for the Iranian cement…
More foreign investors are vying for Iranian securities that are considered a high yield, high risk investment option, since the removal of sanctions.
The Central Securities…
President of Confederation of Indian Industry Naushad Forbes, accompanied by a delegation of 18 major Indian companies, met with the head of Iran Mines and Mining Industries Development and…
The ‘construction quality assurance’ scheme proposed recently by the government was a dire need of the domestic construction industry, a housing experts says, but adds that he is not very…
As the first Irish trade delegation arrived in Iran this week after the lifting of sanctions in January, a major obstacle in the way of bilateral trade between the two countries has remained…
Shaparak, the domestic payment and settlement network, processed 1.035 billion transactions during the last month of the fiscal year that ended on March19, worth 1.18 quadrillion rials ($39…
Parsian Bank and Post Bank have teamed up to improve their services for promoting domestic production, exports and scientific ventures.
Saman Bank Academy is holding an educational seminar on trends in anti-money laundering measures in cooperation with the UK based Euromoney Learning Solutions. David Brimacombe, an expert in…
The Central Insurance company of Iran has urged insurance firms to remove misleading billboards from the cities. The measure comes after some insurers put ads purporting to pay extra returns on…
The metal packaging industry has been around for nearly two centuries and continues to thrive worldwide.
Metal cans and tins are commonly used for packaging food and industrial products…
Football is one of the most popular sports in Iran and clubs hosting the teams have a large following of fervent fans.
Despite the avowed goal of privatizing state assets, the fate of two…
Tehran Stock Exchange's all-share index TEDPIX wiped 294 points or 0.37% to close Tuesday trade at 78,394.4. Steel companies, oil refineries and investment companies weighed most on the benchmark…
The government sold the first batch of the so-called Ijarah sukuk, a form of Islamic bond, on the Iran Fara Bourse over-the-counter market earlier this week, adding to the financial…
Iran Mercantile Exchange witnessed the trading of more than 62,000 tons of commodities valued at over $28.1 million on Tuesday, including 21,300 tons of polymers, 520 tons of granulated sulfur, 3,…
Turk Eximbank will open a $400 million credit line for the Export Development Bank of Iran to import raw material and support investments in projects, Ali Salehabadi, the EDBI chief executive,…
Governor of the Central Bank of Iran Sunday called on South African lenders to open accounts with the CBI saying the CBI considers that country a key player in the African continent.
“We…
The government allowed gold exporters to sell their foreign exchange earnings to banks at market rates in an attempt to expand exports of the yellow metal, said Mohammad Reza Modoudi, deputy head…
Lack of sufficient banking correspondent relations is one key constraint to domestic insurance companies developing normal ties with their foreign peers because processing premiums and claims are…
Increasing banks’ capital is a critical need for lenders and this should be done through all possible means, the Minister of Economy Ali Tayyebnia said Sunday in a meeting with senior…
Tehran Stock Exchange’s main index TEDPIX advanced 240.10 points or 0.31% to end Monday trade at 78,688.4. Mining companies, auto manufacturers and banks were the main driving force behind the…
More than 313,000 tons of various commodities were traded at Iran Mercantile Exchange on Monday. The commodities included 261,000 tons of steel sheets, 2,000 tons of bloom ingots, 5,352 tons of I-…
