Business And Markets

Dana Insurance, a major private insurer, is seeking to enter international markets, reduce bad debts and expand its life insurance portfolio, the company’s deputy director, Bijan Sadeghi said.…

Governor of the Central Bank of Iran rebuked the US and European governments for not honoring their commitments for speedy implementation of Iran’s nuclear deal calling on them to do their best in…

The Association of Leasing Companies officially started work in March as the sole body representing the industry, following the merger of the former Iran Center for Leasing Companies and the…

The Central Insurance company of Iran –the industry’s regulator---has prepared a set of guidelines for insurance firms to rate their agents, the CII deputy chief for supervisory affairs said on…

In a meeting between the Federal Financial Supervisory Authority of Germany (BaFin) and Muhammad Kazem Choghazardi, CEO of Bank Sepah on Thursday in Tehran, an agreement was reached on Sepah…

Germany-based fragrance and flavor company Symrise opened “Symrise Parsian”—its own site in Tehran—on Thursday.

The company will also set up sales offices and application-specific…

Italy on Wednesday became the first European country to take steps to help its fashion industry build a stronger presence in Iran, following the lifting of western sanctions.

The Central Securities Depository of Iran issued 225 trading codes for foreigners to trade in Iran’s equity market in the last Iranian year (March 2015-16), which indicates an 85% rise compared…

The easing of international commercial sanctions against Iran is likely to boost both the country’s exports of non-ferrous metals and ores, as well as foreign investment in the sector.

Tehran Stock Exchange’s main index, TEDPIX, gave up 1,164.4 points or 1.44% during the week that ended April 15 to close at 79,588.3.

More than 6.5 billion shares valued at $480.7 million…

Governor of Central Bank of Iran,ValiollahSeif, has traveled to Washingtonto participate in the spring meetings of International Monetary Fund and World Bank Group held April 15-17.

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A new deal has been sealed between Parand and Hashtgerd New Township Company and the State Welfare Organization to sell 1,000 subsidized Mehr units to people under the SWO umbrella, Bourse Press…

Goods imported through the temporary import scheme will no longer be insured by the Central Insurance company of Iran – the primary regulator of the insurance industry in Iran. According to the…

By virtue of the Majlis approval, provision of Qarzol-Hasane marriage loans (microcredit and interest-free loans) has become a priority of the banks.

Governor of the Central Bank of Iran, Valiollah Seif, stressed the importance of closer banking cooperation between Iran and Italy as a way to promote two-way trade.

“Italy has done a great…

The government has announced renewed efforts to combat money-laundering now that long-standing sanctions against the country have been lifted. In a Cabinet meeting early Wednesday presided by…

Tehran Stock Exchange’s main index TEDPIX lost 521 points or 0.65% to close Wednesday trade at 79,588.3. Auto manufacturing and mining firms were the day’s main laggards behind the benchmark.

Iran’s 18 gold mines hold more than 340 tons of gold deposits, with the highest amount of the precious mineral found in West Azarbaijan Province, according to deputy head of the Geological Survey…

Iran Power and Water Equipment and Services Export Company has offered to cooperate in a joint venture for mineral exploration and extraction in Kazakhstan, IRNA reported.

The offer was…

The 13-year-old proposal of establishing a trade route from India to Iran, and Afghanistan and also Central Asia–bypassing Pakistan–is now within distance of becoming a reality.

Iranian tech company Tose’e Parvaz Yazd has signed a €30 million contract with Italian aeronautics manufacturer Tecnam, which entails the transfer of technology by the Italian side for the…

Parsian Bank is working on “Parsi Card” a newly-developed international credit card, which would be offered to customers for overseas transactions said Kourosh Parvizian, the bank’s CEO.

Iran’s Saman Bank has established custodian services to help investors go through the process without worrying about the protection and management of their capital.

British banks remain reluctant to finance trade with Iran, fearing they could still be targeted by existing US sanctions that are impeding Tehran's reentry into markets after years of isolation,…

Bank Austria has signed a cooperation agreement with an Iranian bank while launching its business with the Islamic Republic , said Naser Riahi, a member of Tehran Chamber of Commerce, Industry and…